Segments (Tables)

9 Months Ended

Oct. 03, 2026

Financial Data by Segment:


	Three Months Ended October 3, 2026
	Commercial		Snap-on		Repair Systems
	& Industrial		Tools		& Information		Financial		Total
(Amounts in millions)	Group		Group		Group		Services		Segments
External net sales	$	324.4	$	471.5	$	387.8	$	—	$	1,183.7
Intersegment net sales	79.9		—		66.9		—		146.8
Segment net sales	404.3		471.5		454.7		—		1,330.5
Segment cost of goods sold	(236.6)		(254.4)		(235.9)		—		(726.9)
Segment gross profit	167.7		217.1		218.8		—		603.6
Financial services revenue	—		—		—		98.6		98.6
Segment operating and financial services expenses
Personnel	(59.8)		(49.2)		(67.7)		(9.6)
Shipping and handling costs	(7.9)		(18.8)		—		—
Depreciation and amortization	(1.7)		(2.3)		(4.5)		(0.2)
Provisions for credit losses	—		—		—		(16.1)
Other segment expenses*	(23.6)		(62.0)		(30.5)		(4.4)
Total segment operating and financial services expenses	(93.0)		(132.3)		(102.7)		(30.3)		(358.3)
Segment operating earnings	$	74.7	$	84.8	$	116.1	$	68.3	$	343.9

Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales									$	1,330.5
Intersegment eliminations									(146.8)
Total net sales									1,183.7
Financial services revenue									98.6
Total revenues									$	1,282.3

Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold									$	(726.9)
Intersegment eliminations									146.8
Cost of goods sold									$	(580.1)

Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings									$	343.9
Corporate operating expenses									(27.5)
Operating earnings									316.4
Interest expense									(12.5)
Other income (expense) – net									15.4
Earnings before income taxes									$	319.3

Other segment expenses primarily include:

Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses, and a $5.1 million gain on the sale of a building.

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):


	Nine Months Ended October 3, 2026
	Commercial		Snap-on		Repair Systems
	& Industrial		Tools		& Information		Financial		Total
(Amounts in millions)	Group		Group		Group		Services		Segments
External net sales	$	958.7	$	1,466.3	$	1,201.0	$	—	$	3,626.0
Intersegment net sales	222.4		—		219.3		—		441.7
Segment net sales	1,181.1		1,466.3		1,420.3		—		4,067.7
Segment cost of goods sold	(691.0)		(773.4)		(756.2)		—		(2,220.6)
Segment gross profit	490.1		692.9		664.1		—		1,847.1
Financial services revenue	—		—		—		299.4		299.4
Segment operating and financial services expenses
Personnel	(180.9)		(151.8)		(205.3)		(28.1)
Shipping and handling costs	(24.0)		(60.6)		—		—
Depreciation and amortization	(5.2)		(6.1)		(13.7)		(0.7)
Provisions for credit losses	—		—		—		(52.9)
Other segment expenses*	(83.9)		(169.5)		(94.4)		(13.9)
Total segment operating and financial services expenses	(294.0)		(388.0)		(313.4)		(95.6)		(1,091.0)
Segment operating earnings	$	196.1	$	304.9	$	350.7	$	203.8	$	1,055.5

Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales									$	4,067.7
Intersegment eliminations									(441.7)
Total net sales									3,626.0
Financial services revenue									299.4
Total revenues									$	3,925.4

Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold									$	(2,220.6)
Intersegment eliminations									441.7
Cost of goods sold									$	(1,778.9)

Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings									$	1,055.5
Corporate operating expenses									(83.9)
Operating earnings									971.6
Interest expense									(37.2)
Other income (expense) – net									47.3
Earnings before income taxes									$	981.7

Other segment expenses primarily include:

Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses, and a $5.1 million gain on the sale of a building.

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 September 27, 2025
	Commercial		Snap-on		Repair Systems
	& Industrial		Tools		& Information		Financial		Total
(Amounts in millions)	Group		Group		Group		Services		Segments
External net sales	$	297.8	$	506.0	$	387.0	$	—	$	1,190.8
Intersegment net sales	69.9		—		77.8		—		147.7
Segment net sales	367.7		506.0		464.8		—		1,338.5
Segment cost of goods sold	(217.2)		(269.2)		(246.2)		—		(732.6)
Segment gross profit	150.5		236.8		218.6		—		605.9
Financial services revenue	—		—		—		101.1		101.1
Segment operating and financial services expenses
Personnel	(54.7)		(48.4)		(65.7)		(9.1)
Shipping and handling costs	(7.5)		(19.4)		—		—
Depreciation and amortization	(1.5)		(1.9)		(4.9)		(0.2)
Provisions for credit losses	—		—		—		(18.4)
Other segment expenses*	(29.3)		(57.2)		(6.8)		(4.5)
Total segment operating and financial services expenses	(93.0)		(126.9)		(77.4)		(32.2)		(329.5)
Segment operating earnings	$	57.5	$	109.9	$	141.2	$	68.9	$	377.5

Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales									$	1,338.5
Intersegment eliminations									(147.7)
Total net sales									1,190.8
Financial services revenue									101.1
Total revenues									$	1,291.9

Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold									$	(732.6)
Intersegment eliminations									147.7
Cost of goods sold									$	(584.9)

Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings									$	377.5
Corporate operating expenses									(30.1)
Operating earnings									347.4
Interest expense									(12.4)
Other income (expense) – net									14.3
Earnings before income taxes									$	349.3

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 and a $22.0 million benefit for the legal settlement.

Financial Services - customer support and technology expenses.

Financial Data by Segment (continued):


	Nine Months Ended September 27, 2025
	Commercial		Snap-on		Repair Systems
	& Industrial		Tools		& Information		Financial		Total
(Amounts in millions)	Group		Group		Group		Services		Segments
External net sales	$	863.7	$	1,459.9	$	1,187.7	$	—	$	3,511.3
Intersegment net sales	195.7		—		221.6		—		417.3
Segment net sales	1,059.4		1,459.9		1,409.3		—		3,928.6
Segment cost of goods sold	(623.2)		(771.4)		(754.1)		—		(2,148.7)
Segment gross profit	436.2		688.5		655.2		—		1,779.9
Financial services revenue	—		—		—		304.9		304.9
Segment operating and financial services expenses
Personnel	(166.4)		(143.6)		(195.7)		(27.0)
Shipping and handling costs	(22.6)		(57.8)		—		—
Depreciation and amortization	(4.9)		(5.6)		(13.9)		(0.6)
Provisions for credit losses	—		—		—		(56.5)
Other segment expenses*	(84.7)		(162.5)		(62.5)		(13.4)
Total segment operating and financial services expenses	(278.6)		(369.5)		(272.1)		(97.5)		(1,017.7)
Segment operating earnings	$	157.6	$	319.0	$	383.1	$	207.4	$	1,067.1

Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales									$	3,928.6
Intersegment eliminations									(417.3)
Total net sales									3,511.3
Financial services revenue									304.9
Total revenues									$	3,816.2

Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold									$	(2,148.7)
Intersegment eliminations									417.3
Cost of goods sold									$	(1,731.4)

Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings									$	1,067.1
Corporate operating expenses									(79.0)
Operating earnings									988.1
Interest expense									(37.1)
Other income (expense) – net									43.0
Earnings before income taxes									$	994.0

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 and a $22.0 million benefit for the legal settlement.

Financial Services - customer support and technology expenses.

Schedule of Assets by Geographic Areas


(Amounts in millions)	October 3, 2026		January 3, 2026
Assets:
Commercial & Industrial Group	$	1,399.5	$	1,318.1
Snap-on Tools Group	1,062.8		972.1
Repair Systems & Information Group	1,854.2		1,784.3
Financial Services	2,434.5		2,477.2
Total assets from reportable segments	6,751.0		6,551.7
Corporate	1,996.0		1,946.3
Elimination of intersegment receivables	(86.0)		(85.7)
Total assets	$	8,661.0	$	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