XML 78 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Jan. 03, 2015
Dec. 28, 2013
Dec. 29, 2012
Income Statement [Abstract]      
Net sales $ 3,277.7us-gaap_SalesRevenueNet $ 3,056.5us-gaap_SalesRevenueNet $ 2,937.9us-gaap_SalesRevenueNet
Cost of goods sold (1,693.4)us-gaap_CostOfGoodsAndServicesSold (1,583.6)us-gaap_CostOfGoodsAndServicesSold (1,547.9)us-gaap_CostOfGoodsAndServicesSold
Gross profit 1,584.3us-gaap_GrossProfit 1,472.9us-gaap_GrossProfit 1,390.0us-gaap_GrossProfit
Operating expenses (1,048.7)us-gaap_OperatingExpenses (1,012.4)us-gaap_OperatingExpenses (980.3)us-gaap_OperatingExpenses
Operating earnings before financial services 535.6sna_OperatingEarningsBeforeFinancialServices 460.5sna_OperatingEarningsBeforeFinancialServices 409.7sna_OperatingEarningsBeforeFinancialServices
Financial services revenue 214.9us-gaap_FinancialServicesRevenue 181.0us-gaap_FinancialServicesRevenue 161.3us-gaap_FinancialServicesRevenue
Financial services expenses (65.8)us-gaap_FinancialServicesCosts (55.3)us-gaap_FinancialServicesCosts (54.6)us-gaap_FinancialServicesCosts
Operating earnings from financial services 149.1sna_OperatingEarningsFromSegment 125.7sna_OperatingEarningsFromSegment 106.7sna_OperatingEarningsFromSegment
Operating earnings 684.7us-gaap_OperatingIncomeLoss 586.2us-gaap_OperatingIncomeLoss 516.4us-gaap_OperatingIncomeLoss
Interest expense (52.9)us-gaap_InterestExpense (56.1)us-gaap_InterestExpense (55.8)us-gaap_InterestExpense
Other income (expense) - net (0.9)us-gaap_OtherNonoperatingIncomeExpense (3.9)us-gaap_OtherNonoperatingIncomeExpense (0.4)us-gaap_OtherNonoperatingIncomeExpense
Earnings before income taxes and equity earnings 630.9us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 526.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 460.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (199.5)us-gaap_IncomeTaxExpenseBenefit (166.7)us-gaap_IncomeTaxExpenseBenefit (148.2)us-gaap_IncomeTaxExpenseBenefit
Earnings before equity earnings 431.4sna_EarningsBeforeEquityEarnings 359.5sna_EarningsBeforeEquityEarnings 312.0sna_EarningsBeforeEquityEarnings
Equity earnings, net of tax 0.7us-gaap_IncomeLossFromEquityMethodInvestments 0.2us-gaap_IncomeLossFromEquityMethodInvestments 2.6us-gaap_IncomeLossFromEquityMethodInvestments
Net earnings 432.1us-gaap_ProfitLoss 359.7us-gaap_ProfitLoss 314.6us-gaap_ProfitLoss
Net earnings attributable to noncontrolling interests (10.2)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (9.4)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (8.5)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings attributable to Snap-on Incorporated $ 421.9us-gaap_NetIncomeLoss $ 350.3us-gaap_NetIncomeLoss $ 306.1us-gaap_NetIncomeLoss
Net earnings per share attributable to Snap-on Incorporated:      
Basic $ 7.26us-gaap_EarningsPerShareBasic $ 6.02us-gaap_EarningsPerShareBasic $ 5.26us-gaap_EarningsPerShareBasic
Diluted $ 7.14us-gaap_EarningsPerShareDiluted $ 5.93us-gaap_EarningsPerShareDiluted $ 5.20us-gaap_EarningsPerShareDiluted
Weighted-average shares outstanding:      
Basic 58.1us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 58.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 58.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive securities 1.0us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 0.9us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 0.7us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Diluted 59.1us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 59.1us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 58.9us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding