Segments - (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

Financial Data by Segment:

	Three Months Ended				Nine Months Ended
(Amounts in millions)	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Net sales:
Commercial & Industrial Group	$	366.4	$	356.8	$	1,094.4	$	1,056.0
Snap-on Tools Group	515.4		496.6		1,575.5		1,529.3
Repair Systems & Information Group	431.8		414.0		1,330.4		1,229.0
Segment net sales	1,313.6		1,267.4		4,000.3		3,814.3
Intersegment eliminations	(154.3)		(164.9)		(466.7)		(477.4)
Total net sales	1,159.3		1,102.5		3,533.6		3,336.9
Financial Services revenue	94.9		87.3		280.9		261.4
Total revenues	$	1,254.2	$	1,189.8	$	3,814.5	$	3,598.3
Operating earnings:
Commercial & Industrial Group	$	58.1	$	52.3	$	172.0	$	149.7
Snap-on Tools Group	113.4		102.2		382.8		342.6
Repair Systems & Information Group	104.9		95.4		319.9		282.7
Financial Services	69.4		66.4		202.6		202.1
Segment operating earnings	345.8		316.3		1,077.3		977.1
Corporate	(31.2)		(26.4)		(92.7)		(81.8)
Operating earnings	314.6		289.9		984.6		895.3
Interest expense	(12.4)		(11.8)		(37.4)		(35.1)
Other income (expense) – net	18.0		13.1		50.0		30.7
Earnings before income taxes	$	320.2	$	291.2	$	997.2	$	890.9

Schedule of Assets by Segment

(Amounts in millions)	September 30, 2023		December 31, 2022
Assets:
Commercial & Industrial Group	$	1,238.6	$	1,245.8
Snap-on Tools Group	945.1		912.9
Repair Systems & Information Group	1,645.4		1,678.1
Financial Services	2,383.0		2,242.7
Total assets from reportable segments	6,212.1		6,079.5
Corporate	1,175.1		972.9
Elimination of intersegment receivables	(82.9)		(79.6)
Total assets	$	7,304.3	$	6,972.8