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Segments (Tables)
3 Months Ended
Mar. 29, 2014
Segment Reporting [Abstract]  
Net Sales by Segment

Financial data by segment was as follows:

 

     Three Months Ended  
(Amounts in millions)    March 29,
2014
    March 30,
2013
 

Net sales:

    

Commercial & Industrial Group

   $ 290.6      $ 266.4   

Snap-on Tools Group

     343.6        327.3   

Repair Systems & Information Group

     262.7        246.1   
  

 

 

   

 

 

 

Segment net sales

     896.9        839.8   

Intersegment eliminations

     (109.4     (98.1
  

 

 

   

 

 

 

Total net sales

   $ 787.5      $ 741.7   

Financial Services revenue

     50.2        44.0   
  

 

 

   

 

 

 

Total revenues

   $ 837.7      $ 785.7   
  

 

 

   

 

 

 

Operating earnings:

    

Commercial & Industrial Group

   $ 39.1      $ 30.6   

Snap-on Tools Group

     49.2        47.2   

Repair Systems & Information Group

     58.1        56.5   

Financial Services

     34.4        30.5   
  

 

 

   

 

 

 

Segment operating earnings

     180.8        164.8   

Corporate

     (24.7     (26.5
  

 

 

   

 

 

 

Operating earnings

   $ 156.1      $ 138.3   

Interest expense

     (13.7     (13.6

Other income (expense) – net

     (0.1     (0.6
  

 

 

   

 

 

 

Earnings before income taxes and equity earnings (loss)

   $ 142.3      $ 124.1   
  

 

 

   

 

 

 
Assets by Segment

(Amounts in millions)    March 29,
2014
     December 28,
2013
 

Assets:

     

Commercial & Industrial Group

       $ 1,002.9                $ 971.0        

Snap-on Tools Group

     577.3              557.3        

Repair Systems & Information Group

     987.3              979.6        

Financial Services

     1,250.4              1,224.0        
  

 

 

    

 

 

 

Total assets from reportable segments

       $ 3,817.9                $ 3,731.9        

Corporate

     338.7              431.8        

Elimination of intersegment receivables

     (52.5)             (53.7)       
  

 

 

    

 

 

 

Total assets

       $     4,104.1                $     4,110.0