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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 27, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 686.2 $ 184.5
Trade and other accounts receivable – net 563.5 694.6
Finance receivables and contract receivables - net 606.2 630.8
Inventories – net 784.0 760.4
Prepaid expenses and other assets 132.5 110.2
Total current assets 2,772.4 2,380.5
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 1,439.0 1,425.0
Accumulated depreciation and amortization (929.6) (903.5)
Property and equipment – net 509.4 521.5
Operating lease right-of-use assets 50.2 55.6
Deferred income tax assets 47.1 52.3
Long-term finance receivables and contract receivables - net 1,507.2 1,463.6
Goodwill 924.5 913.8
Other intangibles – net 241.0 243.9
Other assets 61.7 62.3
Total assets 6,113.5 5,693.5
Current liabilities:    
Notes payable 12.1 202.9
Accounts payable 186.2 198.5
Accrued benefits 48.5 53.3
Accrued compensation 63.9 53.9
Franchisee deposits 83.3 68.2
Other accrued liabilities 435.4 370.8
Total current liabilities 829.4 947.6
Long-term debt 1,436.7 946.9
Deferred income tax liabilities 67.5 69.3
Retiree health care benefits 32.2 33.6
Pension liabilities 109.0 122.1
Operating lease liabilities 33.4 37.5
Other long-term liabilities 96.7 105.7
Total liabilities 2,604.9 2,262.7
Commitments and contingencies
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 67,430,794 and 67,423,106 shares, respectively) 67.4 67.4
Additional paid-in capital 383.1 379.1
Retained earnings 4,894.2 4,779.7
Accumulated other comprehensive loss (514.4) (507.9)
Treasury stock at cost (12,966,104 and 12,772,882 shares, respectively) (1,343.6) (1,309.2)
Total shareholders’ equity attributable to Snap-on Incorporated 3,486.7 3,409.1
Noncontrolling interests 21.9 21.7
Total equity 3,508.6 3,430.8
Total liabilities and equity 6,113.5 5,693.5
Land    
Property and equipment:    
Property and equipment, gross 31.8 31.9
Buildings and improvements    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 408.7 405.1
Machinery, equipment and computer software    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 998.5 988.0
Finance Receivables    
Current assets:    
Finance receivables and contract receivables - net 508.5 530.1
Property and equipment:    
Long-term finance receivables and contract receivables - net 1,140.3 1,103.5
Contract Receivables    
Current assets:    
Finance receivables and contract receivables - net 97.7 100.7
Property and equipment:    
Long-term finance receivables and contract receivables - net $ 366.9 $ 360.1