$SNA
Snap-on Inc

2024 Q2 Form 10-Q Financial Statement

#000009144024000029 Filed on April 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $1.280B $1.282B
YoY Change 0.34% 3.03%
Cost Of Revenue $612.4M $616.9M
YoY Change 3.2% 3.65%
Gross Profit $667.5M $665.0M
YoY Change -2.15% 2.47%
Gross Profit Margin 52.15% 51.88%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.60M $18.20M
YoY Change 36.67% -81.84%
% of Gross Profit 3.69% 2.74%
Operating Expenses $305.8M $325.8M
YoY Change -14.13% -3.35%
Operating Profit $350.5M $339.2M
YoY Change 7.48% 8.75%
Interest Expense $400.0K $12.50M
YoY Change -96.77% -204.17%
% of Operating Profit 0.11% 3.69%
Other Income/Expense, Net $18.70M $18.10M
YoY Change 23.03% 53.39%
Pretax Income $356.9M $344.8M
YoY Change 8.51% 10.62%
Income Tax $79.30M $75.20M
% Of Pretax Income 22.22% 21.81%
Net Earnings $271.2M $263.5M
YoY Change 9.05% 10.3%
Net Earnings / Revenue 21.19% 20.56%
Basic Earnings Per Share $5.15 $4.99
Diluted Earnings Per Share $5.07 $4.91
COMMON SHARES
Basic Shares Outstanding 52.72M shares 52.71M shares
Diluted Shares Outstanding 53.50M shares 53.67M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.233B $1.121B
YoY Change 47.84% 48.05%
Cash & Equivalents $1.233B $1.121B
Short-Term Investments
Other Short-Term Assets $147.0M $135.6M
YoY Change 6.52% -6.35%
Inventory $965.0M $970.5M
Prepaid Expenses
Receivables $783.5M $827.5M
Other Receivables $729.9M $721.5M
Total Short-Term Assets $3.858B $3.776B
YoY Change 10.83% 12.09%
LONG-TERM ASSETS
Property, Plant & Equipment $613.6M $609.1M
YoY Change 6.2% 6.1%
Goodwill $1.068B $1.071B
YoY Change 1.65%
Intangibles $414.9M $417.9M
YoY Change 1.69%
Long-Term Investments
YoY Change
Other Assets $16.90M $19.60M
YoY Change 31.01% -87.3%
Total Long-Term Assets $3.902B $3.891B
YoY Change 7.06% 7.96%
TOTAL ASSETS
Total Short-Term Assets $3.858B $3.776B
Total Long-Term Assets $3.902B $3.891B
Total Assets $7.760B $7.667B
YoY Change 8.9% 9.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $271.1M $257.4M
YoY Change -4.24% -10.31%
Accrued Expenses $585.5M $642.1M
YoY Change -6.06% 8.17%
Deferred Revenue
YoY Change
Short-Term Debt $15.70M $15.20M
YoY Change -13.74%
Long-Term Debt Due $1.000M $1.300M
YoY Change -47.37% -92.44%
Total Short-Term Liabilities $950.1M $989.7M
YoY Change -4.89% 1.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.185B $1.185B
YoY Change 0.09% 0.09%
Other Long-Term Liabilities $86.80M $89.60M
YoY Change 2.84% -61.35%
Total Long-Term Liabilities $1.272B $1.275B
YoY Change 0.28% -9.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $950.1M $989.7M
Total Long-Term Liabilities $1.272B $1.275B
Total Liabilities $2.451B $2.504B
YoY Change -1.69% 0.48%
SHAREHOLDERS EQUITY
Retained Earnings $7.286B $7.113B
YoY Change 12.82%
Common Stock $67.50M $67.50M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.286B $5.141B
YoY Change
Total Liabilities & Shareholders Equity $7.760B $7.667B
YoY Change 8.9% 9.95%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $271.2M $263.5M
YoY Change 9.05% 10.3%
Depreciation, Depletion And Amortization $24.60M $18.20M
YoY Change 36.67% -81.84%
Cash From Operating Activities $301.1M $348.7M
YoY Change -0.17% -48.36%
INVESTING ACTIVITIES
Capital Expenditures $23.20M $21.80M
YoY Change 0.87% -74.11%
Acquisitions
YoY Change
Other Investing Activities -$37.00M $2.300M
YoY Change -4725.0% -101.89%
Cash From Investing Activities -$60.20M -$63.20M
YoY Change -17.42% -69.35%
FINANCING ACTIVITIES
Cash Dividend Paid $98.20M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -127.9M -$164.2M
YoY Change -15.91% -66.14%
NET CHANGE
Cash From Operating Activities 301.1M $348.7M
Cash From Investing Activities -60.20M -$63.20M
Cash From Financing Activities -127.9M -$164.2M
Net Change In Cash 113.0M $119.5M
YoY Change 47.52% -846.88%
FREE CASH FLOW
Cash From Operating Activities $301.1M $348.7M
Capital Expenditures $23.20M $21.80M
Free Cash Flow $277.9M $326.9M
YoY Change -0.25% -44.69%

Facts In Submission

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CY2023Q2 us-gaap Profit Loss
ProfitLoss
254300000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
17700000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.62
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
86100000 usd
CY2023Q2 sna Stock Compensation Plans
StockCompensationPlans
36400000 usd
CY2023Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
356000 shares
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
87200000 usd
CY2023Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
6200000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4632400000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
269600000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
254300000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
18200000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
18000000.0 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6300000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6900000 usd
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
18200000 usd
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
14200000 usd
CY2024Q1 sna Accounts Receivable And Contract Receivable Credit Loss Expense Reversal
AccountsReceivableAndContractReceivableCreditLossExpenseReversal
4900000 usd
CY2023Q2 sna Accounts Receivable And Contract Receivable Credit Loss Expense Reversal
AccountsReceivableAndContractReceivableCreditLossExpenseReversal
5000000.0 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9800000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
10200000 usd
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1600000 usd
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-200000 usd
CY2024Q1 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
200000 usd
CY2023Q2 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
200000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
47900000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
22900000 usd
CY2024Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
4000000.0 usd
CY2023Q2 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-200000 usd
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-22100000 usd
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13200000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3500000 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1700000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
23300000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-500000 usd
CY2024Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
30300000 usd
CY2023Q2 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
28100000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
348700000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
301600000 usd
CY2024Q1 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
248000000.0 usd
CY2023Q2 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
257100000 usd
CY2024Q1 us-gaap Proceeds From Sale And Collection Of Finance Receivables
ProceedsFromSaleAndCollectionOfFinanceReceivables
207800000 usd
CY2023Q2 us-gaap Proceeds From Sale And Collection Of Finance Receivables
ProceedsFromSaleAndCollectionOfFinanceReceivables
207500000 usd
CY2024Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
21800000 usd
CY2023Q2 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
23000000.0 usd
CY2023Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
800000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-63200000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-72900000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
1100000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
500000 usd
CY2024Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2300000 usd
CY2024Q1 sna Net Increase Decrease In Other Short Term Borrowing
NetIncreaseDecreaseInOtherShortTermBorrowing
-400000 usd
CY2023Q2 sna Net Increase Decrease In Other Short Term Borrowing
NetIncreaseDecreaseInOtherShortTermBorrowing
800000 usd
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
98200000 usd
CY2023Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
86100000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70200000 usd
CY2023Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
87200000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
28300000 usd
CY2023Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
32800000 usd
CY2024Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-23700000 usd
CY2023Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-12400000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-164200000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-152100000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1800000 usd
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
119500000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
76600000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1001500000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
757200000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1121000000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
833800000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
13700000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
13600000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14700000 usd
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13300000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1175200000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1176500000 usd
CY2024Q1 us-gaap Revenues
Revenues
1281900000 usd
CY2023Q2 us-gaap Revenues
Revenues
1275600000 usd
CY2024Q1 us-gaap Revenues
Revenues
1281900000 usd
CY2023Q2 us-gaap Revenues
Revenues
1275600000 usd
CY2024Q1 us-gaap Revenues
Revenues
1281900000 usd
CY2023Q2 us-gaap Revenues
Revenues
1275600000 usd
CY2024Q1 sna Number Of Revenue Product And Service Categories
NumberOfRevenueProductAndServiceCategories
3 revenuecategory
CY2024Q1 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
The remaining duration of these unsatisfied performance obligations range from one month up to 60 months.
CY2024Q1 us-gaap Contractual Obligation
ContractualObligation
187000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.70
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.25
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
66300000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
63300000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
35400000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
63300000 usd
CY2024Q1 sna Trade And Other Accounts Receivable Non Extended Term Payment Minimum
TradeAndOtherAccountsReceivableNonExtendedTermPaymentMinimum
P30D
CY2024Q1 sna Trade And Other Accounts Receivable Non Extended Term Payment Maximum
TradeAndOtherAccountsReceivableNonExtendedTermPaymentMaximum
P120D
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
863400000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
826200000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35900000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34900000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
827500000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
791300000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31100000 usd
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4300000 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4700000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3000000.0 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4800000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
100000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2024Q1 sna Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Increase Decrease
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationIncreaseDecrease
-400000 usd
CY2023Q2 sna Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Increase Decrease
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationIncreaseDecrease
200000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35900000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31200000 usd
CY2024Q1 sna Notes And Loans Receivables Extended Term Payment Plan Term
NotesAndLoansReceivablesExtendedTermPaymentPlanTerm
P4Y
CY2024Q1 sna Contract Receivables Extended Term Installment Loans Term
ContractReceivablesExtendedTermInstallmentLoansTerm
P10Y
CY2024Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
745200000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
737900000 usd
CY2024Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
23700000 usd
CY2023Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
23000000.0 usd
CY2024Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
721500000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
714900000 usd
CY2024Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
721500000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
714900000 usd
CY2024Q1 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
1757100000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
1743600000 usd
CY2024Q1 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
52900000 usd
CY2023Q4 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
51500000 usd
CY2024Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1704200000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1692100000 usd
CY2024Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1704200000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1692100000 usd
CY2024Q1 sna Number Of Portfolio Segments
NumberOfPortfolioSegments
2 portfolio_segment
CY2024Q1 sna Minimum Period Past Due To Consider Receivable Balances As Delinquent
MinimumPeriodPastDueToConsiderReceivableBalancesAsDelinquent
P30D
CY2024Q1 sna Minimum Period Past Due To Consider Receivable Balances As Delinquent
MinimumPeriodPastDueToConsiderReceivableBalancesAsDelinquent
P30D
CY2023Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
115900000 usd
CY2024Q1 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
970500000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
1121800000 usd
CY2024Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
120600000 usd
CY2024Q1 sna Minimum Period Past Due To Consider Receivable Balances As Delinquent
MinimumPeriodPastDueToConsiderReceivableBalancesAsDelinquent
P30D
CY2024Q1 sna Minimum Period Past Due To Place Contract Receivables On Nonaccrual Status
MinimumPeriodPastDueToPlaceContractReceivablesOnNonaccrualStatus
P90D
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
846300000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
874600000 usd
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
76500000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
76100000 usd
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
168300000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
171100000 usd
CY2024Q1 us-gaap Inventory Gross
InventoryGross
1091100000 usd
CY2023Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
1005900000 usd
CY2023Q4 us-gaap Percentage Of Fifo Inventory
PercentageOfFIFOInventory
0.59
CY2024Q1 us-gaap Percentage Of Fifo Inventory
PercentageOfFIFOInventory
0.59
CY2024Q1 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 usd
CY2023Q2 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1097400000 usd
CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-12900000 usd
CY2024Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-13200000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
1071300000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
1071300000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
508800000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
371300000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
137500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
505200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
373700000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
131500000 usd
CY2024Q1 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
140200000 usd
CY2024Q1 sna Indefinite Lived Trademarks Net
IndefiniteLivedTrademarksNet
140200000 usd
CY2023Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
137400000 usd
CY2023Q4 sna Indefinite Lived Trademarks Net
IndefiniteLivedTrademarksNet
137400000 usd
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
649000000.0 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
371300000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
277700000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
642600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
373700000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
268900000 usd
CY2024Q1 sna Goodwill And Intangible Assets Accumulated Impairment Loss
GoodwillAndIntangibleAssetsAccumulatedImpairmentLoss
0 usd
CY2024Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P12Y
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6300000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6900000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
24700000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
18200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
13500000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11400000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
10000000 usd
CY2024Q1 sna Finite Lived Intangible Asset Expected Amortization Year Six
FiniteLivedIntangibleAssetExpectedAmortizationYearSix
7400000 usd
CY2024Q1 sna Effective Income Tax Rate On Earnings
EffectiveIncomeTaxRateOnEarnings
0.222
CY2023Q2 sna Effective Income Tax Rate On Earnings
EffectiveIncomeTaxRateOnEarnings
0.231
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1200100000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1200200000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1184900000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1184600000 usd
CY2024Q1 sna Notes Payable And Current Maturities Of Long Term Debt
NotesPayableAndCurrentMaturitiesOfLongTermDebt
15200000 usd
CY2023Q4 sna Notes Payable And Current Maturities Of Long Term Debt
NotesPayableAndCurrentMaturitiesOfLongTermDebt
15600000 usd
CY2024Q1 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
76900 shares
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9800000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
10200000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
28300000 usd
CY2023Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
32800000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9700000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5100000 usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54063751 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52741565 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53019170 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
929466 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1044581 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53671031 shares
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
14700000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2024Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4000000.0 usd
CY2023Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3800000 usd
CY2024Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3800000 usd
CY2023Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3300000 usd
CY2024Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
14900000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
14800000 usd
CY2024Q1 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
11300000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
17700000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
19100000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
15700000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
16800000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2000000.0 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2300000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1300000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1600000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
900000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1100000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
2200000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2700000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
74400000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
74700000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23900000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23800000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
54500000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
54600000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
78400000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
78400000 usd
CY2024Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
12900000 usd
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
8000000.0 usd
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2000000.0 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2500000 usd
CY2024Q1 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-7000000.0 usd
CY2023Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-9600000 usd
CY2024Q1 sna Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
200000 usd
CY2023Q2 sna Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
100000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18100000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15200000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-44800000 usd
CY2024Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1000000.0 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-43800000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
18100000 usd
CY2023Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
400000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
17700000 usd
CY2024Q1 us-gaap Revenues
Revenues
1281900000 usd
CY2023Q2 us-gaap Revenues
Revenues
1275600000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
339200000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
326100000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
12500000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
12400000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18100000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15200000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
344800000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
328900000 usd
CY2024Q1 us-gaap Assets
Assets
7666800000 usd
CY2023Q4 us-gaap Assets
Assets
7544900000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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