v3.26.1
Segments (Tables)
3 Months Ended
Apr. 04, 2026
Segment Reporting [Abstract]  
Schedule of Net Sales by Segment
Financial Data by Segment:
Three Months Ended April 4, 2026
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$308.8 $486.0 $412.4 $— $1,207.2 
Intersegment net sales72.2 — 72.9 — 145.1 
Segment net sales381.0 486.0 485.3 — 1,352.3 
Segment cost of goods sold(227.4)(254.4)(262.2)— (744.0)
Segment gross profit153.6 231.6 223.1 — 608.3 
Financial services revenue— — — 101.1 101.1 
Segment operating and financial services expenses
Personnel(59.5)(51.8)(69.0)(9.5)
Shipping and handling costs(7.7)(19.8)— — 
Depreciation and amortization(1.7)(1.9)(4.7)(0.2)
Provisions for credit losses— — — (18.8)
Other segment expenses*(29.8)(53.1)(29.9)(4.6)
Total segment operating and financial services expenses(98.7)(126.6)(103.6)(33.1)(362.0)
Segment operating earnings$54.9 $105.0 $119.5 $68.0 $347.4 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$1,352.3 
Intersegment eliminations(145.1)
Total net sales1,207.2 
Financial services revenue101.1 
Total revenues$1,308.3 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(744.0)
Intersegment eliminations145.1 
Cost of goods sold$(598.9)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings$347.4 
Corporate operating expenses(28.6)
Operating earnings318.8 
Interest expense(12.4)
Other income (expense) – net16.8 
Earnings before income taxes$323.2 
*Other segment expenses primarily include:
 Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses.
Snap-on Tools Group - franchisee support costs, shared service allocations and technology expenses.
Repair Systems & Information Group - technology, travel, professional-fee and marketing expenses; shared service allocations.
Financial Services - customer support and technology expenses.
Financial Data by Segment (continued):
Three Months Ended March 29, 2025
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$276.7 $462.9 $401.5 $— $1,141.1 
Intersegment net sales67.2 — 74.4 — 141.6 
Segment net sales343.9 462.9 475.9 — 1,282.7 
Segment cost of goods sold(197.4)(248.4)(258.4)— (704.2)
Segment gross profit146.5 214.5 217.5 — 578.5 
Financial services revenue— — — 102.1 102.1 
Segment operating and financial services expenses
Personnel(55.9)(48.4)(65.1)(8.8)
Shipping and handling costs(7.5)(18.5)— — 
Depreciation and amortization(1.8)(1.8)(4.5)(0.2)
Provisions for credit losses— — — (19.1)
Other segment expenses*(28.1)(53.4)(25.8)(3.7)
Total segment operating and financial services expenses(93.3)(122.1)(95.4)(31.8)(342.6)
Segment operating earnings$53.2 $92.4 $122.1 $70.3 $338.0 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$1,282.7 
Intersegment eliminations(141.6)
Total net sales1,141.1 
Financial services revenue102.1 
Total revenues$1,243.2 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(704.2)
Intersegment eliminations141.6 
Cost of goods sold$(562.6)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings$338.0 
Corporate operating expenses(24.6)
Operating earnings313.4 
Interest expense(12.4)
Other income (expense) – net14.4 
Earnings before income taxes$315.4 
*Other segment expenses primarily include:
 Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses.
Snap-on Tools Group - franchisee support costs, shared service allocations and technology expenses.
Repair Systems & Information Group - technology, travel, professional-fee and marketing expenses; shared service allocations.
Financial Services - customer support and technology expenses.
Schedule of Assets by Geographic Areas
(Amounts in millions)April 4,
2026
January 3, 2026
Assets:
Commercial & Industrial Group$1,298.5 $1,318.1 
Snap-on Tools Group998.3 972.1 
Repair Systems & Information Group1,776.8 1,784.3 
Financial Services2,454.5 2,477.2 
Total assets from reportable segments6,528.1 6,551.7 
Corporate2,071.1 1,946.3 
Elimination of intersegment receivables(82.8)(85.7)
Total assets$8,516.4 $8,412.3