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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 30, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 156.4 $ 140.9
Trade and other accounts receivable – net 675.3 692.6
Finance receivables – net 525.9 518.5
Contract receivables – net 92.9 98.3
Inventories – net 707.0 673.8
Prepaid expenses and other assets 107.8 92.8
Total current assets 2,265.3 2,216.9
Property and equipment:    
Land 31.8 31.7
Buildings and improvements 385.8 368.6
Machinery, equipment and computer software 948.5 944.4
Total property and equipment 1,366.1 1,344.7
Accumulated depreciation and amortization (869.1) (849.6)
Property and equipment – net 497.0 495.1
Operating lease ROU assets 55.4 0.0
Deferred income tax assets 71.3 64.7
Long-term finance receivables – net 1,077.1 1,074.4
Long-term contract receivables – net 345.1 344.9
Goodwill 900.9 902.2
Other intangibles – net 230.5 232.9
Other assets 48.3 42.0
Total assets 5,490.9 5,373.1
Current liabilities:    
Notes payable 142.5 186.3
Accounts payable 200.4 201.1
Accrued benefits 53.8 52.0
Accrued compensation 61.8 71.5
Franchisee deposits 68.5 67.5
Other accrued liabilities 409.0 373.6
Total current liabilities 936.0 952.0
Long-term debt 946.7 946.0
Deferred income tax liabilities 55.1 41.4
Retiree health care benefits 31.2 31.8
Pension liabilities 156.5 171.3
Operating lease liabilities 36.6 0.0
Other long-term liabilities 111.0 112.0
Total liabilities 2,273.1 2,254.5
Commitments and contingencies (Note 14)
Shareholders’ equity attributable to Snap-on Incorporated:    
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding) 0.0 0.0
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,422,771 and 67,415,091 shares, respectively) 67.4 67.4
Additional paid-in capital 361.3 359.4
Retained earnings 4,428.4 4,257.6
Accumulated other comprehensive loss (496.4) (462.2)
Treasury stock at cost (12,019,713 and 11,804,310 shares, respectively) (1,163.1) (1,123.4)
Total shareholders’ equity attributable to Snap-on Incorporated 3,197.6 3,098.8
Noncontrolling interests 20.2 19.8
Total equity 3,217.8 3,118.6
Total liabilities and equity $ 5,490.9 $ 5,373.1