Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment for the three months ended March 30, 2024, are as follows:

(Amounts in millions)	Commercial & Industrial Group		Snap-on Tools Group		Repair Systems & Information Group		Total
Balance as of December 30, 2023	$	346.6	$	12.4	$	738.4	$	1,097.4
Currency translation	(8.0)		—		(4.9)		(12.9)
Acquisition adjustments	(13.2)		—		—		(13.2)
Balance as of March 30, 2024	$	325.4	$	12.4	$	733.5	$	1,071.3

Schedule of Other Intangible Assets by Major Class

Additional disclosures related to other intangible assets are as follows:

	March 30, 2024						December 30, 2023
(Amounts in millions)	Gross  Carrying Value		Accumulated Amortization		Net Carrying Value		Gross  Carrying Value		Accumulated Amortization		Net Carrying Value
Amortized other intangible assets:
Customer relationships	$	220.8	$	(164.4)	$	56.4	$	214.5	$	(163.6)	$	50.9
Developed technology	36.2		(30.5)		5.7		36.2		(29.8)		6.4
Internally developed software	194.5		(150.6)		43.9		191.3		(148.2)		43.1
Patents	47.3		(20.5)		26.8		53.0		(26.8)		26.2
Trademarks	3.9		(2.5)		1.4		4.0		(2.5)		1.5
Other	6.1		(2.8)		3.3		6.2		(2.8)		3.4
Total	508.8		(371.3)		137.5		505.2		(373.7)		131.5
Non-amortized trademarks	140.2		—		140.2		137.4		—		137.4
Total other intangible assets	$	649.0	$	(371.3)	$	277.7	$	642.6	$	(373.7)	$	268.9

Schedule of Weighted-Average Amortization Period by Major Class

The weighted-average amortization periods related to other intangible assets are as follows:

	In Years
Customer relationships	14
Developed technology	5
Internally developed software	6
Patents	15
Trademarks	9
Other	39