v3.26.1
Receivables (Tables)
 3 Months Ended
Apr. 04, 2026
Receivables [Abstract]  
Schedule of Components of Trade and Other Accounts Receivable
The components of Snap-on’s trade and other accounts receivable as of April 4, 2026, and January 3, 2026, are as follows:

(Amounts in millions)April 4,
2026		January 3, 2026
Trade and other accounts receivable$931.1 $921.8 
Allowances for credit losses(40.4)(40.4)
Total trade and other accounts receivable – net$890.7 $881.4 
Schedule of Rollforward of Allowances for Credit Losses Related to Trade and Other Accounts Receivable
The following is a rollforward of the allowances for credit losses related to trade and other accounts receivable for the three month periods ended April 4, 2026, and March 29, 2025:
Three Months Ended
(Amounts in millions)April 4,
2026		March 29,
2025
Allowances for credit losses:
Beginning of period$40.4 $37.1 
Provisions for credit losses4.6 4.9 
Charge-offs
(4.6)(3.3)
Recoveries
0.1 0.1 
Currency translation
(0.1)0.4 
End of period$40.4 $39.2 
Schedule of Components of Finance and Contract Receivables, Current and Beyond One Year
The components of Snap-on’s current finance and contract receivables as of April 4, 2026, and January 3, 2026, are as follows:

(Amounts in millions)April 4,
2026		January 3, 2026
Finance installment receivables$595.6 $588.0 
Finance lease receivables, net of unearned finance charges of $9.3 million and $9.2 million, respectively
25.9 25.0 
Total finance receivables621.5 613.0 
Contract installment receivables68.4 69.6 
Contract lease receivables, net of unearned finance charges of $20.9 million and $21.4 million, respectively
60.8 62.4 
Total contract receivables129.2 132.0 
Total750.7 745.0 
Allowances for credit losses:
Finance installment receivables(22.8)(22.3)
Finance lease receivables(0.5)(0.5)
Total finance allowances for credit losses(23.3)(22.8)
Contract installment receivables(1.0)(1.0)
Contract lease receivables(0.8)(1.0)
Total contract allowances for credit losses(1.8)(2.0)
Total allowances for credit losses(25.1)(24.8)
Total current finance and contract receivables – net$725.6 $720.2 
Finance receivables – net$598.2 $590.2 
Contract receivables – net127.4 130.0 
Total current finance and contract receivables – net$725.6 $720.2 
The components of Snap-on’s finance and contract receivables with payment terms beyond one year as of April 4, 2026, and January 3, 2026, are as follows: 

(Amounts in millions)April 4,
2026		January 3, 2026
Finance installment receivables$1,287.1 $1,313.8 
Finance lease receivables, net of unearned finance charges of $8.6 million and $8.4 million, respectively
36.3 35.7 
Total finance receivables1,323.4 1,349.5 
Contract installment receivables230.2 232.2 
Contract lease receivables, net of unearned finance charges of $33.9 million and $34.7 million, respectively
192.6 196.2 
Total contract receivables422.8 428.4 
Total1,746.2 1,777.9 
Allowances for credit losses:
Finance installment receivables(49.5)(50.1)
Finance lease receivables(0.6)(0.6)
Total finance allowances for credit losses(50.1)(50.7)
Contract installment receivables(3.2)(3.2)
Contract lease receivables(2.0)(2.1)
Total contract allowances for credit losses(5.2)(5.3)
Total allowances for credit losses(55.3)(56.0)
Total long-term finance and contract receivables – net$1,690.9 $1,721.9 
Finance receivables – net$1,273.3 $1,298.8 
Contract receivables – net417.6 423.1 
Total long-term finance and contract receivables – net$1,690.9 $1,721.9 
Schedule of Amortized Cost Basis of Finance and Contract Receivables
The amortized cost basis of finance and contract receivables by origination year as of April 4, 2026, and charge-offs recorded in the three months ended April 4, 2026, by origination year, are as follows:

(Amounts in millions)20262025202420232022PriorTotal
Finance receivables:
Delinquent$0.3 $22.5 $20.1 $11.3 $4.2 $2.0 $60.4 
Non-delinquent438.9 900.9 348.6 142.6 43.7 9.8 1,884.5 
Total finance receivables$439.2 $923.4 $368.7 $153.9 $47.9 $11.8 $1,944.9 
Finance receivables charge-offs$— $7.2 $7.7 $3.9 $1.6 $0.8 $21.2 
Contract receivables:
Delinquent$— $0.2 $0.9 $1.4 $1.1 $0.2 $3.8 
Non-delinquent45.8 179.0 127.8 84.1 52.3 59.2 548.2 
Total contract receivables$45.8 $179.2 $128.7 $85.5 $53.4 $59.4 $552.0 
Contract receivables charge-offs$— $0.1 $0.3 $0.2 $0.1 $0.1 $0.8 
Schedule of Rollforward of Allowances for Credit Losses for Finance and Contract Receivables
The following is a rollforward of the allowances for credit losses for finance and contract receivables for the three month periods ended April 4, 2026, and March 29, 2025:
 
Three Months Ended
April 4, 2026		Three Months Ended
March 29, 2025
(Amounts in millions)Finance
Receivables		Contract
Receivables		Finance
Receivables		Contract
Receivables
Allowances for credit losses:
Beginning of period$73.5 $7.3 $72.4 $6.8 
Provisions for credit losses18.3 0.5 18.2 0.9 
Charge-offs(21.2)(0.8)(20.0)(0.6)
Recoveries2.8 0.1 2.4 0.1 
Currency translation— (0.1)0.1 0.1 
End of period$73.4 $7.0 $73.1 $7.3 
Schedule of Aging of Finance and Contract Receivables
The aging of finance and contract receivables as of April 4, 2026, and January 3, 2026, is as follows:
(Amounts in millions)30-59
Days Past
Due		60-90
Days Past
Due		Greater
Than 90
Days Past
Due		Total Past
Due		Total Not
Past Due		TotalGreater
Than 90
Days Past
Due and
Accruing
April 4, 2026:
Finance receivables$20.2 $13.5 $26.7 $60.4 $1,884.5 $1,944.9 $21.9 
Contract receivables1.4 1.1 1.3 3.8 548.2 552.0 0.3 
January 3, 2026:
Finance receivables$25.6 $15.7 $27.9 $69.2 $1,893.3 $1,962.5 $23.7 
Contract receivables1.4 0.7 1.4 3.5 556.9 560.4 0.4 
Schedule of Finance and Contract Receivables on Nonaccrual Status
The amount of finance and contract receivables on nonaccrual status as of April 4, 2026, and January 3, 2026, is as follows:

(Amounts in millions)April 4,
2026		January 3, 2026
Finance receivables$14.3 $13.1 
Contract receivables2.9 2.6