Acquisitions |
3 Months Ended |
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Apr. 04, 2026 | |
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |
| Acquisitions | Acquisition On February 3, 2026, Snap-on acquired certain assets of Car-O-Liner Australia Pty Ltd (“Car-O-Liner Australia”), a former independent distributor, for a cash purchase price of $5.1 million. Car-O-Liner Australia, based in Unanderra, Australia, distributes and services vehicle collision equipment in Australia. In the first quarter of 2026, the company recorded, on a preliminary basis, the $2.1 million excess of the purchase price over the fair value of the net assets acquired in “Goodwill” on the accompanying Condensed Consolidated Balance Sheets. The company does not expect that the goodwill will be tax deductible. The company anticipates completing the purchase accounting for the acquired net assets of Car-O-Liner Australia in the first half of 2026. For segment reporting purposes, the results of operations and assets of Car-O-Liner Australia have been included in the Commercial & Industrial Group since the acquisition date. Pro forma financial information has not been presented for the acquisition as the net effects were not significant to Snap-on’s results of operations or financial position. See Note 6 for additional information on goodwill and other intangible assets.
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