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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 959.3 $ 757.2
Trade and other accounts receivable – net 776.8 761.7
Finance receivables and contract receivables - net 717.1 672.1
Inventories – net 1,032.9 1,033.1
Prepaid expenses and other assets 118.9 144.8
Total current assets 3,605.0 3,368.9
Property and equipment:    
Property and equipment – gross 1,569.2 1,536.6
Accumulated depreciation and amortization (1,044.4) (1,024.0)
Property and equipment – net 524.8 512.6
Operating lease right-of-use assets 68.7 61.5
Deferred income tax assets 75.6 70.0
Long-term finance receivables and contract receivables - net 1,645.8 1,554.6
Goodwill 1,035.9 1,045.3
Other intangible assets – net 263.0 275.6
Pension assets 72.7 70.6
Other assets 12.8 13.7
Total assets 7,304.3 6,972.8
Current liabilities:    
Notes payable 17.3 17.2
Accounts payable 284.3 287.0
Accrued benefits 57.5 58.6
Accrued compensation 96.1 98.6
Franchisee deposits 76.0 73.8
Other accrued liabilities 450.7 436.4
Total current liabilities 981.9 971.6
Long-term debt 1,184.4 1,183.8
Deferred income tax liabilities 72.8 82.1
Retiree health care benefits 21.8 23.4
Pension liabilities 57.7 78.6
Operating lease liabilities 50.6 44.7
Other long-term liabilities 82.7 85.1
Total liabilities 2,451.9 2,469.3
Commitments and contingencies (Note 13)
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 67,450,946 and 67,444,966 shares, respectively) 67.5 67.4
Additional paid-in capital 531.7 499.9
Retained earnings 6,792.3 6,296.2
Accumulated other comprehensive loss (563.3) (528.3)
Treasury stock at cost (14,670,996 and 14,442,386 shares, respectively) (1,998.0) (1,853.9)
Total shareholders’ equity attributable to Snap-on Incorporated 4,830.2 4,481.3
Noncontrolling interests 22.2 22.2
Total equity 4,852.4 4,503.5
Total liabilities and equity 7,304.3 6,972.8
Land    
Property and equipment:    
Property and equipment – gross 32.6 32.6
Buildings and improvements    
Property and equipment:    
Property and equipment – gross 436.0 434.7
Machinery, equipment and computer software    
Property and equipment:    
Property and equipment – gross 1,100.6 1,069.3
Finance Receivables    
Current assets:    
Finance receivables and contract receivables - net 597.5 562.2
Property and equipment:    
Long-term finance receivables and contract receivables - net 1,245.9 1,170.8
Contract Receivables    
Current assets:    
Finance receivables and contract receivables - net 119.6 109.9
Property and equipment:    
Long-term finance receivables and contract receivables - net $ 399.9 $ 383.8