v3.25.4

Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jan. 03, 2026	Dec. 28, 2024	Dec. 30, 2023
Net sales	$ 5,156.1	$ 5,108.4	$ 5,108.3
Operating earnings	1,327.7	1,345.7	1,310.4
Interest expense	(50.5)	(49.6)	(49.9)
Other income (expense) – net	58.7	77.0	67.5
Earnings before income taxes	1,335.9	1,373.1	1,328.0
Income tax expense	(293.6)	(304.2)	(293.4)
Net earnings	1,042.3	1,068.9	1,034.6
Net earnings attributable to noncontrolling interests	(25.4)	(25.0)	(23.5)
Net earnings attributable to Snap-on Incorporated	$ 1,016.9	$ 1,043.9	$ 1,011.1
Net earnings per share attributable to Snap-on Incorporated:
Basic (in dollars per share)	$ 19.52	$ 19.85	$ 19.11
Diluted (in dollars per share)	$ 19.19	$ 19.51	$ 18.76
Weighted-average shares outstanding:
Basic (in shares)	52.1	52.6	52.9
Effect of dilutive securities (in shares)	0.9	0.9	1.0
Diluted (in shares)	53.0	53.5	53.9
Product and Services, excluding Financial Services
Net sales	$ 4,743.2	$ 4,707.4	$ 4,730.2
Cost of goods sold	(2,357.8)	(2,329.5)	(2,381.1)
Gross profit	2,385.4	2,377.9	2,349.1
Operating expenses	(1,339.5)	(1,309.1)	(1,309.2)
Operating earnings	1,045.9	1,068.8	1,039.9
Financial Service
Net sales	412.9	401.0	378.1
Operating expenses	(131.1)	(124.1)	(107.6)
Operating earnings	$ 281.8	$ 276.9	$ 270.5

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

Snap-on Inc 10-K