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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Net sales $ 1,275.6 $ 1,185.5
Operating earnings 326.1 293.5
Interest expense (12.4) (11.6)
Other income (expense) – net 15.2 8.3
Earnings before income taxes 328.9 290.2
Income tax expense (74.6) (67.5)
Net earnings 254.3 222.7
Net earnings attributable to noncontrolling interests (5.6) (5.3)
Net earnings attributable to Snap-on Incorporated $ 248.7 $ 217.4
Net earnings per share attributable to Snap-on Incorporated:    
Basic (in dollars per share) $ 4.69 $ 4.07
Diluted (in dollars per share) $ 4.60 $ 4.00
Weighted-average shares outstanding:    
Basic (in shares) 53.0 53.4
Effect of dilutive securities (in shares) 1.1 0.9
Diluted (in shares) 54.1 54.3
Dividends declared per common share (in dollars per share) $ 1.62 $ 1.42
Total net sales    
Net sales $ 1,183.0 $ 1,097.8
Cost of goods sold (593.4) (563.5)
Gross profit 589.6 534.3
Operating expenses (329.8) (311.2)
Operating earnings 259.8 223.1
Financial services revenue    
Net sales 92.6 87.7
Cost of goods sold (26.3) (17.3)
Operating earnings $ 66.3 $ 70.4