Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The effects of adjustments to the December 30, 2017 consolidated balance sheet for the adoption of Topic 606 were as follows:

	Balance at		Topic 606			Opening Balance at
(Amounts in millions)	December 30, 2017		Adjustments			December 31, 2017
Assets
Inventories - net	$	638.8	$	20.9		$	659.7
Deferred income tax assets	52.0		0.6			52.6
Liabilities and Equity
Other accrued liabilities	$	388.1	$	23.3		$	411.4
Retained earnings	3,772.3		(1.8		)	3,770.5

Disaggregation of Revenue

The following table shows the consolidated revenues by revenue source:

	Three Months Ended
(Amounts in millions)	March 31, 2018
Revenue from contracts with customers	$	930.4
Other revenues	5.1
Total net sales	935.5
Financial services revenue	83.0
Total revenues	$	1,018.5

The following table represents external net sales disaggregated by geography, based on the customers' billing addresses:

	For the three months ended March 31, 2018
	Commercial &		Snap-on		Repair Systems
	Industrial		Tools		& Information		Financial					Snap-on
(Amounts in millions)	Group		Group		Group		Services		Eliminations			Incorporated
Net sales by geographic region:
North America*	$	107.5	$	338.9	$	185.3	$	—	$	—		$	631.7
Europe	82.9		41.5		67.0		—		—			191.4
All other	68.4		24.3		19.7		—		—			112.4
External net sales	258.8		404.7		272.0		—		—			935.5
Intersegment net sales	72.8		—		65.0		—		(137.8		)	—
Total net sales	331.6		404.7		337.0		—		(137.8		)	935.5
Financial services revenue	—		—		—		83.0		—			83.0
Total revenue	$	331.6	$	404.7	$	337.0	$	83.0	$	(137.8	)	$	1,018.5

* North America is comprised of the United States, Canada and Mexico.

The following table represents external net sales disaggregated by customer type:

	For the three months ended March 31, 2018
	Commercial &		Snap-on		Repair Systems
	Industrial		Tools		& Information		Financial					Snap-on
(Amounts in millions)	Group		Group		Group		Services		Eliminations			Incorporated
Net sales:
Vehicle service professionals	$	22.5	$	404.7	$	272.0	$	—	$	—		$	699.2
All other professionals	236.3		—		—		—		—			236.3
External net sales	258.8		404.7		272.0		—		—			935.5
Intersegment net sales	72.8		—		65.0		—		(137.8		)	—
Total net sales	331.6		404.7		337.0		—		(137.8		)	935.5
Financial services revenue	—		—		—		83.0		—			83.0
Total revenue	$	331.6	$	404.7	$	337.0	$	83.0	$	(137.8	)	$	1,018.5