Snap-on SNA Contract Liabilities
Contract Liabilities at other companies
Other financials
Where this comes from
Reported directly by Snap-on in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
The source filing: Snap-on’s 10-Q, filed July 23, 2026.
- Filed
- Jul 23, 2026, 11:05 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0000091440-26-000144
Contract liabilities: Contract liabilities are recorded when cash payments are received in advance of Snap-on’s performance. The timing of payment is typically on a monthly, quarterly or annual basis. The balance of total contract liabilities was $90.8 million and $73.5 million at July 4, 2026, and January 3, 2026, respectively. The current portion of contract liabilities is included in “Other accrued liabilities” and the non-current portion of such liabilities is included in “Other long-term liabilities” on the accompanying Condensed Consolidated Balance Sheets. During the three and six months ended July 4, 2026, Snap-on recognized $11.5 million and $49.4 million of revenue that was included in the contract liability balance at January 3, 2026, which was primarily from the amortization of software subscriptions, extended warranties and other subscription agreements.
Item 1: Financial Statements
FAQ
- What is Snap-on's contract liabilities?
- Snap-on (SNA) reported contract liabilities of $90.8M in Q2 2026.
- How has Snap-on's contract liabilities changed year-over-year?
- Snap-on's contract liabilities increased by 18.4% year-over-year, from $76.7M to $90.8M.
- What is the long-term trend for Snap-on's contract liabilities?
- Over 5 years (2020 to 2025), Snap-on's contract liabilities has grown at a 3.8% compound annual growth rate (CAGR), from $61M to $73.5M.
- What does contract liabilities mean?
- Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.
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