Segments - (Tables)

9 Months Ended

Oct. 01, 2022

Segment Reporting [Abstract]

Net Sales by Segment

Financial Data by Segment:

	Three Months Ended				Nine Months Ended
(Amounts in millions)	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Net sales:
Commercial & Industrial Group	$	356.8	$	351.4	$	1,056.0	$	1,047.6
Snap-on Tools Group	496.6		471.4		1,529.3		1,433.8
Repair Systems & Information Group	414.0		364.4		1,229.0		1,110.6
Segment net sales	1,267.4		1,187.2		3,814.3		3,592.0
Intersegment eliminations	(164.9)		(149.5)		(477.4)		(448.3)
Total net sales	1,102.5		1,037.7		3,336.9		3,143.7
Financial Services revenue	87.3		87.3		261.4		262.8
Total revenues	$	1,189.8	$	1,125.0	$	3,598.3	$	3,406.5
Operating earnings:
Commercial & Industrial Group	$	52.3	$	53.6	$	149.7	$	159.8
Snap-on Tools Group	102.2		98.2		342.6		300.6
Repair Systems & Information Group	95.4		83.3		282.7		251.4
Financial Services	66.4		70.6		202.1		204.8
Segment operating earnings	316.3		305.7		977.1		916.6
Corporate	(26.4)		(33.8)		(81.8)		(92.5)
Operating earnings	289.9		271.9		895.3		824.1
Interest expense	(11.8)		(13.2)		(35.1)		(41.8)
Other income (expense) – net	13.1		3.7		30.7		11.4
Earnings before income taxes and equity earnings	$	291.2	$	262.4	$	890.9	$	793.7

Assets by Segment

(Amounts in millions)	October 1, 2022		January 1, 2022
Assets:
Commercial & Industrial Group	$	1,180.3	$	1,209.3
Snap-on Tools Group	875.9		791.4
Repair Systems & Information Group	1,618.5		1,624.3
Financial Services	2,191.5		2,163.6
Total assets from reportable segments	5,866.2		5,788.6
Corporate	1,061.8		1,039.7
Elimination of intersegment receivables	(92.5)		(68.6)
Total assets	$	6,835.5	$	6,759.7