Segments (Tables)

6 Months Ended

Jul. 04, 2026

Financial Data by Segment:


	Three Months Ended July 4, 2026
	Commercial &		Snap-on		Repair Systems
	Industrial		Tools		& Information		Financial		Total
(Amounts in millions)	Group		Group		Group		Services		Segments
External net sales	$	325.5	$	508.8	$	400.8	$	—	$	1,235.1
Intersegment net sales	70.3		—		79.5		—		149.8
Segment net sales	395.8		508.8		480.3		—		1,384.9
Segment cost of goods sold	(227.0)		(264.6)		(258.1)		—		(749.7)
Segment gross profit	168.8		244.2		222.2		—		635.2
Financial services revenue	—		—		—		99.7		99.7
Segment operating and financial services expenses
Personnel	(61.6)		(50.8)		(68.6)		(9.0)
Shipping and handling costs	(8.4)		(22.0)		—		—
Depreciation and amortization	(1.8)		(1.9)		(4.5)		(0.3)
Provisions for credit losses	—		—		—		(18.0)
Other segment expenses*	(30.5)		(54.4)		(34.0)		(4.9)
Total segment operating and financial services expenses	(102.3)		(129.1)		(107.1)		(32.2)		(370.7)
Segment operating earnings	$	66.5	$	115.1	$	115.1	$	67.5	$	364.2

Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales									$	1,384.9
Intersegment eliminations									(149.8)
Total net sales									1,235.1
Financial services revenue									99.7
Total revenues									$	1,334.8

Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold									$	(749.7)
Intersegment eliminations									149.8
Cost of goods sold									$	(599.9)

Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings									$	364.2
Corporate operating expenses									(27.8)
Operating earnings									336.4
Interest expense									(12.3)
Other income (expense) – net									15.1
Earnings before income taxes									$	339.2

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):


	Six Months Ended July 4, 2026
	Commercial &		Snap-on		Repair Systems
	Industrial		Tools		& Information		Financial		Total
(Amounts in millions)	Group		Group		Group		Services		Segments
External net sales	$	634.3	$	994.8	$	813.2	$	—	$	2,442.3
Intersegment net sales	142.5		—		152.4		—		294.9
Segment net sales	776.8		994.8		965.6		—		2,737.2
Segment cost of goods sold	(454.4)		(519.0)		(520.3)		—		(1,493.7)
Segment gross profit	322.4		475.8		445.3		—		1,243.5
Financial services revenue	—		—		—		200.8		200.8
Segment operating and financial services expenses
Personnel	(121.1)		(102.6)		(137.6)		(18.5)
Shipping and handling costs	(16.1)		(41.8)		—		—
Depreciation and amortization	(3.5)		(3.8)		(9.2)		(0.5)
Provisions for credit losses	—		—		—		(36.8)
Other segment expenses*	(60.3)		(107.5)		(63.9)		(9.5)
Total segment operating and financial services expenses	(201.0)		(255.7)		(210.7)		(65.3)		(732.7)
Segment operating earnings	$	121.4	$	220.1	$	234.6	$	135.5	$	711.6

Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales									$	2,737.2
Intersegment eliminations									(294.9)
Total net sales									2,442.3
Financial services revenue									200.8
Total revenues									$	2,643.1

Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold									$	(1,493.7)
Intersegment eliminations									294.9
Cost of goods sold									$	(1,198.8)

Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings									$	711.6
Corporate operating expenses									(56.4)
Operating earnings									655.2
Interest expense									(24.7)
Other income (expense) – net									31.9
Earnings before income taxes									$	662.4

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.

Financial Data by Segment (continued):


	Three Months Ended June 28, 2025
	Commercial &		Snap-on		Repair Systems
	Industrial		Tools		& Information		Financial		Total
(Amounts in millions)	Group		Group		Group		Services		Segments
External net sales	$	289.2	$	491.0	$	399.2	$	—	$	1,179.4
Intersegment net sales	58.6		—		69.4		—		128.0
Segment net sales	347.8		491.0		468.6		—		1,307.4
Segment cost of goods sold	(208.6)		(253.8)		(249.5)		—		(711.9)
Segment gross profit	139.2		237.2		219.1		—		595.5
Financial services revenue	—		—		—		101.7		101.7
Segment operating and financial services expenses
Personnel	(55.8)		(46.8)		(64.9)		(9.1)
Shipping and handling costs	(7.6)		(19.9)		—		—
Depreciation and amortization	(1.6)		(1.9)		(4.5)		(0.2)
Provisions for credit losses	—		—		—		(19.0)
Other segment expenses*	(27.3)		(51.9)		(29.9)		(5.2)
Total segment operating and financial services expenses	(92.3)		(120.5)		(99.3)		(33.5)		(345.6)
Segment operating earnings	$	46.9	$	116.7	$	119.8	$	68.2	$	351.6

Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales									$	1,307.4
Intersegment eliminations									(128.0)
Total net sales									1,179.4
Financial services revenue									101.7
Total revenues									$	1,281.1

Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold									$	(711.9)
Intersegment eliminations									128.0
Cost of goods sold									$	(583.9)

Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings									$	351.6
Corporate operating expenses									(24.3)
Operating earnings									327.3
Interest expense									(12.3)
Other income (expense) – net									14.3
Earnings before income taxes									$	329.3

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):


	Six Months Ended June 28, 2025
	Commercial &		Snap-on		Repair Systems
	Industrial		Tools		& Information		Financial		Total
(Amounts in millions)	Group		Group		Group		Services		Segments
External net sales	$	565.9	$	953.9	$	800.7	$	—	$	2,320.5
Intersegment net sales	125.8		—		143.8		—		269.6
Segment net sales	691.7		953.9		944.5		—		2,590.1
Segment cost of goods sold	(406.0)		(502.2)		(507.9)		—		(1,416.1)
Segment gross profit	285.7		451.7		436.6		—		1,174.0
Financial services revenue	—		—		—		203.8		203.8
Segment operating and financial services expenses
Personnel	(111.7)		(95.2)		(130.0)		(17.9)
Shipping and handling costs	(15.1)		(38.4)		—		—
Depreciation and amortization	(3.4)		(3.7)		(9.0)		(0.4)
Provisions for credit losses	—		—		—		(38.1)
Other segment expenses*	(55.4)		(105.3)		(55.7)		(8.9)
Total segment operating and financial services expenses	(185.6)		(242.6)		(194.7)		(65.3)		(688.2)
Segment operating earnings	$	100.1	$	209.1	$	241.9	$	138.5	$	689.6

Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales									$	2,590.1
Intersegment eliminations									(269.6)
Total net sales									2,320.5
Financial services revenue									203.8
Total revenues									$	2,524.3

Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold									$	(1,416.1)
Intersegment eliminations									269.6
Cost of goods sold									$	(1,146.5)

Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings									$	689.6
Corporate operating expenses									(48.9)
Operating earnings									640.7
Interest expense									(24.7)
Other income (expense) – net									28.7
Earnings before income taxes									$	644.7

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):


(Amounts in millions)	July 4, 2026		January 3, 2026
Assets:
Commercial & Industrial Group	$	1,385.8	$	1,318.1
Snap-on Tools Group	1,023.8		972.1
Repair Systems & Information Group	1,905.8		1,784.3
Financial Services	2,442.9		2,477.2
Total assets from reportable segments	6,758.3		6,551.7
Corporate	1,975.3		1,946.3
Elimination of intersegment receivables	(92.7)		(85.7)
Total assets	$	8,640.9	$	8,412.3

Schedule of Assets by Geographic Areas


(Amounts in millions)	July 4, 2026		January 3, 2026
Assets:
Commercial & Industrial Group	$	1,385.8	$	1,318.1
Snap-on Tools Group	1,023.8		972.1
Repair Systems & Information Group	1,905.8		1,784.3
Financial Services	2,442.9		2,477.2
Total assets from reportable segments	6,758.3		6,551.7
Corporate	1,975.3		1,946.3
Elimination of intersegment receivables	(92.7)		(85.7)
Total assets	$	8,640.9	$	8,412.3

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details