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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Income Statement [Abstract]        
Net sales $ 834.1 $ 821.5 $ 2,540.6 $ 2,501.1
Cost of goods sold (415.0) (414.6) (1,274.9) (1,265.1)
Gross profit 419.1 406.9 1,265.7 1,236.0
Operating expenses (261.5) (263.3) (786.3) (803.7)
Operating earnings before financial services 157.6 143.6 479.4 432.3
Financial services revenue 71.6 61.1 207.2 177.2
Financial services expenses (21.0) (17.6) (60.1) (52.0)
Operating earnings from financial services 50.6 43.5 147.1 125.2
Operating earnings 208.2 187.1 626.5 557.5
Interest expense (13.1) (13.0) (39.1) (38.9)
Other income (expense) - net (0.8) (0.5) (0.3) (1.9)
Earnings before income taxes and equity earnings 194.3 173.6 587.1 516.7
Income tax expense (59.6) (53.9) (179.4) (161.9)
Earnings before equity earnings 134.7 119.7 407.7 354.8
Equity earnings, net of tax 0.5 0.2 2.2 1.3
Net earnings 135.2 119.9 409.9 356.1
Net earnings attributable to noncontrolling interests (3.5) (3.1) (9.8) (8.8)
Net earnings attributable to Snap-on Incorporated $ 131.7 $ 116.8 $ 400.1 $ 347.3
Net earnings per share attributable to Snap-on Incorporated:        
Basic $ 2.27 $ 2.01 $ 6.89 $ 5.98
Diluted $ 2.22 $ 1.98 $ 6.74 $ 5.88
Weighted-average shares outstanding:        
Basic 58,013,852 58,084,784 58,076,627 58,110,620
Effect of dilutive securities 1,251,062 998,920 1,292,765 987,865
Diluted 59,264,914 59,083,704 59,369,392 59,098,485
Dividends declared per common share $ 0.61 $ 0.53 $ 1.83 $ 1.59