v3.26.1
Leases
 3 Months Ended
Apr. 04, 2026
Leases [Abstract]  
Leases Leases
Lessee accounting: Supplemental balance sheet information related to leases as of April 4, 2026, and January 3, 2026, is as follows:

(Amounts in millions)April 4,
2026		January 3, 2026
Finance leases:
Property and equipment – gross$2.3 $2.4 
Accumulated depreciation(1.1)(1.0)
Property and equipment – net$1.2 $1.4 
 Other accrued liabilities$0.4 $0.4 
 Other long-term liabilities0.9 1.0 
Total finance lease liabilities$1.3 $1.4 
Operating leases:
Operating lease right-of-use assets$89.9 $83.7 
 Other accrued liabilities$27.9 $27.5 
 Operating lease liabilities67.9 61.8 
Total operating lease liabilities$95.8 $89.3 
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 4 for additional information on finance and contract receivables.
Leases Leases
Lessee accounting: Supplemental balance sheet information related to leases as of April 4, 2026, and January 3, 2026, is as follows:

(Amounts in millions)April 4,
2026		January 3, 2026
Finance leases:
Property and equipment – gross$2.3 $2.4 
Accumulated depreciation(1.1)(1.0)
Property and equipment – net$1.2 $1.4 
 Other accrued liabilities$0.4 $0.4 
 Other long-term liabilities0.9 1.0 
Total finance lease liabilities$1.3 $1.4 
Operating leases:
Operating lease right-of-use assets$89.9 $83.7 
 Other accrued liabilities$27.9 $27.5 
 Operating lease liabilities67.9 61.8 
Total operating lease liabilities$95.8 $89.3 
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 4 for additional information on finance and contract receivables.
Leases Leases
Lessee accounting: Supplemental balance sheet information related to leases as of April 4, 2026, and January 3, 2026, is as follows:

(Amounts in millions)April 4,
2026		January 3, 2026
Finance leases:
Property and equipment – gross$2.3 $2.4 
Accumulated depreciation(1.1)(1.0)
Property and equipment – net$1.2 $1.4 
 Other accrued liabilities$0.4 $0.4 
 Other long-term liabilities0.9 1.0 
Total finance lease liabilities$1.3 $1.4 
Operating leases:
Operating lease right-of-use assets$89.9 $83.7 
 Other accrued liabilities$27.9 $27.5 
 Operating lease liabilities67.9 61.8 
Total operating lease liabilities$95.8 $89.3 
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 4 for additional information on finance and contract receivables.