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Revenue Recognition - (Tables)
 6 Months Ended
Jul. 02, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The following table shows the consolidated revenues by revenue source:
Three Months EndedSix Months Ended
(Amounts in millions)July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Revenue from contracts with customers$1,130.5 $1,075.3 $2,222.4 $2,094.1 
Other revenues6.1 6.1 12.0 11.9 
Total net sales1,136.6 1,081.4 2,234.4 2,106.0 
Financial services revenue86.4 86.9 174.1 175.5 
Total revenues$1,223.0 $1,168.3 $2,408.5 $2,281.5 

Snap-on evaluates the performance of its operating segments based on segment revenues, including both external and intersegment net sales, and segment operating earnings. Snap-on accounts for both intersegment sales and transfers based primarily on standard costs with reasonable mark-ups established between the segments. Intersegment amounts are eliminated to arrive at Snap-on’s consolidated financial results.
The following tables represent external net sales disaggregated by geography, based on the customers’ billing addresses:
For the Three Months Ended July 2, 2022
CommercialSnap-onRepair Systems
& IndustrialTools& InformationFinancialSnap-on
(Amounts in millions)
GroupGroupGroupServicesEliminationsIncorporated
Net sales:
North America*$128.7 $460.3 $254.7 $— $— $843.7 
Europe73.1 36.4 60.4 — — 169.9 
All other74.3 23.9 24.8 — — 123.0 
External net sales276.1 520.6 339.9 — — 1,136.6 
Intersegment net sales83.0 — 76.9 — (159.9)— 
Total net sales359.1 520.6 416.8 — (159.9)1,136.6 
Financial services revenue— — — 86.4 — 86.4 
Total revenue$359.1 $520.6 $416.8 $86.4 $(159.9)$1,223.0 

For the Six Months Ended July 2, 2022
Commercial Snap-onRepair Systems
& IndustrialTools& InformationFinancialSnap-on
(Amounts in millions)GroupGroupGroupServicesEliminationsIncorporated
Net sales:
North America*$242.4 $908.1 $497.5 $— $— $1,648.0 
Europe154.9 76.5 122.3 — — 353.7 
All other140.0 48.1 44.6 — — 232.7 
External net sales537.3 1,032.7 664.4 — — 2,234.4 
Intersegment net sales161.9 — 150.6 — (312.5)— 
Total net sales699.2 1,032.7 815.0 — (312.5)2,234.4 
Financial services revenue— — — 174.1 — 174.1 
Total revenue$699.2 $1,032.7 $815.0 $174.1 $(312.5)$2,408.5 
* North America is comprised of the United States, Canada and Mexico.
For the Three Months Ended July 3, 2021
Commercial Snap-onRepair Systems
& IndustrialTools& InformationFinancialSnap-on
(Amounts in millions)GroupGroupGroupServicesEliminationsIncorporated
Net sales:
North America*$126.6 $416.3 $236.8 $— $— $779.7 
Europe79.2 43.8 66.5 — — 189.5 
All other68.9 24.0 19.3 — — 112.2 
External net sales274.7 484.1 322.6 — — 1,081.4 
Intersegment net sales75.8 — 76.0 — (151.8)— 
Total net sales350.5 484.1 398.6 — (151.8)1,081.4 
Financial services revenue— — — 86.9 — 86.9 
Total revenue$350.5 $484.1 $398.6 $86.9 $(151.8)$1,168.3 

For the Six Months Ended July 3, 2021
CommercialSnap-onRepair Systems
& IndustrialTools& InformationFinancialSnap-on
(Amounts in millions)GroupGroupGroupServicesEliminationsIncorporated
Net sales:
North America*$244.6 $824.4 $437.7 $— $— $1,506.7 
Europe163.5 88.0 127.1 — — 378.6 
All other137.7 50.0 33.0 — — 220.7 
External net sales545.8 962.4 597.8 — — 2,106.0 
Intersegment net sales150.4 — 148.4 — (298.8)— 
Total net sales696.2 962.4 746.2 — (298.8)2,106.0 
Financial services revenue— — — 175.5 — 175.5 
Total revenue$696.2 $962.4 $746.2 $175.5 $(298.8)$2,281.5 
* North America is comprised of the United States, Canada and Mexico.
The following tables represent external net sales disaggregated by customer type:

For the Three Months Ended July 2, 2022
Commercial Snap-onRepair Systems
& IndustrialTools& InformationFinancialSnap-on
(Amounts in millions)GroupGroupGroupServicesEliminationsIncorporated
Net sales:
Vehicle service professionals$25.2 $520.6 $339.9 $— $— $885.7 
All other professionals250.9 — — — — 250.9 
External net sales276.1 520.6 339.9 — — 1,136.6 
Intersegment net sales83.0 — 76.9 — (159.9)— 
Total net sales359.1 520.6 416.8 — (159.9)1,136.6 
Financial services revenue— — — 86.4 — 86.4 
Total revenue$359.1 $520.6 $416.8 $86.4 $(159.9)$1,223.0 

For the Six Months Ended July 2, 2022
CommercialSnap-onRepair Systems
& IndustrialTools& InformationFinancialSnap-on
(Amounts in millions)GroupGroupGroupServicesEliminationsIncorporated
Net sales:
Vehicle service professionals$49.1 $1,032.7 $664.4 $— $— $1,746.2 
All other professionals488.2 — — — — 488.2 
External net sales537.3 1,032.7 664.4 — — 2,234.4 
Intersegment net sales161.9 — 150.6 — (312.5)— 
Total net sales699.2 1,032.7 815.0 — (312.5)2,234.4 
Financial services revenue— — — 174.1 — 174.1 
Total revenue$699.2 $1,032.7 $815.0 $174.1 $(312.5)$2,408.5 


For the Three Months Ended July 3, 2021
Commercial Snap-onRepair Systems
& IndustrialTools& InformationFinancialSnap-on
(Amounts in millions)GroupGroupGroupServicesEliminationsIncorporated
Net sales:
Vehicle service professionals$25.7 $484.1 $322.6 $— $— $832.4 
All other professionals249.0 — — — — 249.0 
External net sales274.7 484.1 322.6 — — 1,081.4 
Intersegment net sales75.8 — 76.0 — (151.8)— 
Total net sales350.5 484.1 398.6 — (151.8)1,081.4 
Financial services revenue— — — 86.9 — 86.9 
Total revenue$350.5 $484.1 $398.6 $86.9 $(151.8)$1,168.3 
For the Six Months Ended July 3, 2021
CommercialSnap-onRepair Systems
& IndustrialTools& InformationFinancialSnap-on
(Amounts in millions)GroupGroupGroupServicesEliminationsIncorporated
Net sales:
Vehicle service professionals$49.8 $962.4 $597.8 $— $— $1,610.0 
All other professionals496.0 — — — — 496.0 
External net sales545.8 962.4 597.8 — — 2,106.0 
Intersegment net sales150.4 — 148.4 — (298.8)— 
Total net sales696.2 962.4 746.2 — (298.8)2,106.0 
Financial services revenue— — — 175.5 — 175.5 
Total revenue$696.2 $962.4 $746.2 $175.5 $(298.8)$2,281.5