Segments (Tables)

6 Months Ended

Jul. 04, 2015

Segment Reporting [Abstract]

Net Sales by Segment

Financial data by segment was as follows:

	Three Months Ended				Six Months Ended
(Amounts in millions)	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Net sales:
Commercial & Industrial Group	$	295.8	$	287.2	$	593.3	$	577.8
Snap-on Tools Group		398.7		369.1		776.9		712.7
Repair Systems & Information Group		277.4		278.5		549.7		541.2
Segment net sales		971.9		934.8		1,919.9		1,831.7
Intersegment eliminations		(120.1)		(108.3)		(240.3)		(217.7)
Total net sales	$	851.8	$	826.5	$	1,679.6	$	1,614.0
Financial Services revenue		58.7		51.7		116.1		101.9
Total revenues	$	910.5	$	878.2	$	1,795.7	$	1,715.9
Operating earnings:
Commercial & Industrial Group	$	42.2	$	38.2	$	86.2	$	77.3
Snap-on Tools Group		68.0		60.5		127.8		109.7
Repair Systems & Information Group		67.7		64.6		131.6		122.7
Financial Services		41.4		34.8		81.7		69.2
Segment operating earnings		219.3		198.1		427.3		378.9
Corporate		(27.1)		(25.2)		(56.9)		(49.9)
Operating earnings	$	192.2	$	172.9	$	370.4	$	329.0
Interest expense		(12.9)		(12.7)		(25.9)		(26.4)
Other income (expense) – net		(0.7)		0.3		(1.4)		0.2
Earnings before income taxes and equity earnings	$	178.6	$	160.5	$	343.1	$	302.8

Assets by Segment

(Amounts in millions)	July 4, 2015		January 3, 2015
Assets:
Commercial & Industrial Group	$	931.6	$	939.7
Snap-on Tools Group		637.3		600.1
Repair Systems & Information Group		1,037.6		1,036.8
Financial Services		1,452.6		1,368.3
Total assets from reportable segments	$	4,059.1	$	3,944.9
Corporate		378.8		401.7
Elimination of intersegment receivables		(47.2)		(36.5)
Total assets	$	4,390.7	$	4,310.1