v3.26.1
Receivables (Tables)
 6 Months Ended
Jul. 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 July 4, 2026, and January 3, 2026, are as follows:

(Amounts in millions)July 4,
2026		January 3, 2026
Trade and other accounts receivable$986.7 $921.8 
Allowances for credit losses(44.5)(40.4)
Total trade and other accounts receivable – net$942.2 $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 and six month periods ended July 4, 2026, and June 28, 2025:
Three Months EndedSix Months Ended
(Amounts in millions)July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Allowances for credit losses:
Beginning of period$40.4 $39.2 $40.4 $37.1 
Provisions for credit losses8.1 3.2 12.7 8.1 
Charge-offs
(3.9)(3.0)(8.5)(6.3)
Recoveries
— 0.3 0.1 0.4 
Currency translation
(0.1)0.6 (0.2)1.0 
End of period$44.5 $40.3 $44.5 $40.3 
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 July 4, 2026, and January 3, 2026, are as follows:

(Amounts in millions)July 4,
2026		January 3, 2026
Finance installment receivables$594.5 $588.0 
Finance lease receivables, net of unearned finance charges of $9.5 million and $9.2 million, respectively
26.6 25.0 
Total finance receivables621.1 613.0 
Contract installment receivables61.4 69.6 
Contract lease receivables, net of unearned finance charges of $20.7 million and $21.4 million, respectively
61.4 62.4 
Total contract receivables122.8 132.0 
Total743.9 745.0 
Allowances for credit losses:
Finance installment receivables(23.0)(22.3)
Finance lease receivables(0.5)(0.5)
Total finance allowances for credit losses(23.5)(22.8)
Contract installment receivables(0.9)(1.0)
Contract lease receivables(0.8)(1.0)
Total contract allowances for credit losses(1.7)(2.0)
Total allowances for credit losses(25.2)(24.8)
Total current finance and contract receivables – net$718.7 $720.2 
Finance receivables – net$597.6 $590.2 
Contract receivables – net121.1 130.0 
Total current finance and contract receivables – net$718.7 $720.2 
The components of Snap-on’s finance and contract receivables with payment terms beyond one year as of July 4, 2026, and January 3, 2026, are as follows: 

(Amounts in millions)July 4,
2026		January 3, 2026
Finance installment receivables$1,287.4 $1,313.8 
Finance lease receivables, net of unearned finance charges of $8.8 million and $8.4 million, respectively
37.2 35.7 
Total finance receivables1,324.6 1,349.5 
Contract installment receivables227.2 232.2 
Contract lease receivables, net of unearned finance charges of $33.1 million and $34.7 million, respectively
188.6 196.2 
Total contract receivables415.8 428.4 
Total1,740.4 1,777.9 
Allowances for credit losses:
Finance installment receivables(49.9)(50.1)
Finance lease receivables(0.7)(0.6)
Total finance allowances for credit losses(50.6)(50.7)
Contract installment receivables(3.3)(3.2)
Contract lease receivables(1.9)(2.1)
Total contract allowances for credit losses(5.2)(5.3)
Total allowances for credit losses(55.8)(56.0)
Total long-term finance and contract receivables – net$1,684.6 $1,721.9 
Finance receivables – net$1,274.0 $1,298.8 
Contract receivables – net410.6 423.1 
Total long-term finance and contract receivables – net$1,684.6 $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 July 4, 2026, and charge-offs recorded in the six months ended July 4, 2026, by origination year, are as follows:

(Amounts in millions)20262025202420232022PriorTotal
Finance receivables:
Delinquent$4.7 $25.3 $16.7 $9.5 $3.4 $1.4 $61.0 
Non-delinquent780.0 675.9 278.5 112.1 32.2 6.0 1,884.7 
Total finance receivables$784.7 $701.2 $295.2 $121.6 $35.6 $7.4 $1,945.7 
Finance receivables charge-offs$0.2 $15.7 $14.1 $7.1 $2.8 $1.4 $41.3 
Contract receivables:
Delinquent$— $0.8 $0.8 $0.8 $0.8 $0.3 $3.5 
Non-delinquent90.7 155.7 117.6 75.4 45.7 50.0 535.1 
Total contract receivables$90.7 $156.5 $118.4 $76.2 $46.5 $50.3 $538.6 
Contract receivables charge-offs$— $0.1 $0.4 $0.7 $0.3 $0.2 $1.7 
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 and six month periods ended July 4, 2026, and June 28, 2025:
 
Three Months Ended
July 4, 2026		Six Months Ended
July 4, 2026
(Amounts in millions)Finance
Receivables		Contract
Receivables		Finance
Receivables		Contract
Receivables
Allowances for credit losses:
Beginning of period$73.4 $7.0 $73.5 $7.3 
Provisions for credit losses17.3 0.7 35.6 1.2 
Charge-offs(20.1)(0.9)(41.3)(1.7)
Recoveries3.5 0.1 6.3 0.2 
Currency translation— — — (0.1)
End of period$74.1 $6.9 $74.1 $6.9 
Three Months Ended
June 28, 2025		Six Months Ended
June 28, 2025
(Amounts in millions)Finance
Receivables		Contract
Receivables		Finance
Receivables		Contract
Receivables
Allowances for credit losses:
Beginning of period$73.1 $7.3 $72.4 $6.8 
Provisions for credit losses18.3 0.7 36.5 1.6 
Charge-offs(20.5)(0.8)(40.5)(1.4)
Recoveries2.9 0.2 5.3 0.3 
Currency translation0.2 — 0.3 0.1 
End of period$74.0 $7.4 $74.0 $7.4 
Schedule of Aging of Finance and Contract Receivables
The aging of finance and contract receivables as of July 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
July 4, 2026:
Finance receivables$24.3 $13.8 $22.9 $61.0 $1,884.7 $1,945.7 $18.7 
Contract receivables1.4 0.9 1.2 3.5 535.1 538.6 0.4 
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 July 4, 2026, and January 3, 2026, is as follows:

(Amounts in millions)July 4,
2026		January 3, 2026
Finance receivables$13.9 $13.1 
Contract receivables3.4 2.6