Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Millions |
3 Months Ended |
Mar. 28, 2020 |
Mar. 30, 2019 |
| Net sales |
$ 938.1
|
$ 1,007.3
|
| Operating earnings |
195.8
|
249.5
|
| Interest expense |
(11.4)
|
(12.5)
|
| Other income (expense) – net |
1.5
|
1.5
|
| Earnings before income taxes and equity earnings |
185.9
|
238.5
|
| Income tax expense |
(43.9)
|
(56.9)
|
| Earnings before equity earnings |
142.0
|
181.6
|
| Equity earnings, net of tax |
0.0
|
0.5
|
| Net earnings |
142.0
|
182.1
|
| Net earnings attributable to noncontrolling interests |
(4.8)
|
(4.2)
|
| Net earnings attributable to Snap-on Incorporated |
$ 137.2
|
$ 177.9
|
| Net earnings per share attributable to Snap-on Incorporated: |
|
|
| Basic (in dollars per share) |
$ 2.52
|
$ 3.21
|
| Diluted (in dollars per share) |
$ 2.49
|
$ 3.16
|
| Weighted-average shares outstanding: |
|
|
| Basic (in shares) |
54,523,857
|
55,514,520
|
| Effect of dilutive securities (in shares) |
524,511
|
790,637
|
| Diluted (in shares) |
55,048,368
|
56,305,157
|
| Dividends declared per common share (in dollars per share) |
$ 1.08
|
$ 0.95
|
| Excluding Financial Services |
|
|
| Net sales |
$ 852.2
|
$ 921.7
|
| Cost of goods sold |
(430.6)
|
(450.1)
|
| Gross profit |
421.6
|
471.6
|
| Operating expenses |
(282.7)
|
(284.2)
|
| Operating earnings |
138.9
|
187.4
|
| Financial Service |
|
|
| Net sales |
85.9
|
85.6
|
| Cost of goods sold |
(29.0)
|
(23.5)
|
| Operating earnings |
$ 56.9
|
$ 62.1
|