v3.26.1
Goodwill and Other Intangible Assets
 3 Months Ended
Apr. 04, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill by segment for the three months ended April 4, 2026, are as follows:
(Amounts in millions)Commercial
& Industrial
Group		Snap-on
Tools Group		Repair Systems
& Information
Group		Total
Balance as of January 3, 2026$349.4 $12.4 $747.7 $1,109.5 
Currency translation(5.8)— (3.7)(9.5)
Acquisition2.1 — — 2.1 
Balance as of April 4, 2026$345.7 $12.4 $744.0 $1,102.1 
Goodwill of $1,102.1 million as of April 4, 2026, included $2.1 million from the acquisition of Car-O-Liner Australia, on a preliminary basis, and is reported in the Commercial & Industrial Group segment. See Note 3 for additional information on the acquisition.
Additional disclosures related to other intangible assets are as follows:
April 4, 2026January 3, 2026
(Amounts in millions)Gross  Carrying ValueAccumulated
Amortization		Net Carrying ValueGross  Carrying ValueAccumulated
Amortization		Net Carrying Value
Amortized other intangible assets:
Customer relationships$79.0 $(35.6)$43.4 $79.8 $(34.7)$45.1 
Developed technology26.4 (26.4)— 26.5 (26.0)0.5 
Internally developed software203.0 (149.3)53.7 200.8 (146.5)54.3 
Patents55.3 (23.8)31.5 54.0 (23.4)30.6 
Trademarks4.1 (2.8)1.3 4.1 (2.8)1.3 
Other0.9 (0.5)0.4 0.9 (0.5)0.4 
Total368.7 (238.4)130.3 366.1 (233.9)132.2 
Non-amortized trademarks136.9 — 136.9 138.5 — 138.5 
Total other intangible assets$505.6 $(238.4)$267.2 $504.6 $(233.9)$270.7 
Provisions for impairment of goodwill and/or other intangible assets could arise in a future period due to significant and unanticipated changes in circumstances, such as declines in profitability and cash flow due to long-term deterioration in macroeconomic, industry and market conditions, the loss of key customers, changes in technology or markets, changes in key personnel or litigation, a sustained decrease in share price and/or other events. As of April 4, 2026, the company had no accumulated impairment losses.
The weighted-average amortization periods related to other intangible assets are as follows:
 In Years
Customer relationships14
Developed technology5
Internally developed software5
Patents15
Trademarks9
Other50
The weighted-average amortization period for all amortizable intangible assets on a combined basis is 11 years. Intangible asset renewal costs are expensed as incurred.
The aggregate amortization expense was $5.3 million and $5.7 million for the respective three month periods ended April 4, 2026, and March 29, 2025. Based on current levels of amortizable intangible assets and estimated weighted-average useful lives, estimated annual amortization expense is expected to be $19.0 million in 2026, $16.8 million in 2027, $13.7 million in 2028, $11.8 million in 2029, $10.6 million in 2030, and $6.7 million in 2031.