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Pension Plans | 6 Months Ended
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Jun. 29, 2013
Compensation And Retirement Disclosure [Abstract] |
Pension Plans | Note 10: Pension Plans Snap-on’s net periodic pension cost included the following components:
|  | Three Months Ended |  |  | Six Months Ended |
(Amounts in millions) |  | June 29, 2013 |  |  | June 30, 2012 |  |  | June 29, 2013 |  |  | June 30, 2012 |
Service cost |  | $ | 4.6 |  |  | $ | 5.2 |  |  | $ | 10.2 |  |  | $ | 10.5 |
Interest cost |  |  | 13.0 |  |  |  | 13.0 |  |  |  | 25.8 |  |  |  | 25.8 |
Expected return on plan assets |  |  | (17.8) |  |  |  | (16.9) |  |  |  | (35.3) |  |  |  | (33.0) |
Amortization of unrecognized loss |  |  | 11.0 |  |  |  | 11.0 |  |  |  | 20.7 |  |  |  | 20.8 |
Amortization of prior service cost (credit) |  |  | (0.2) |  |  |  | 0.3 |  |  |  | (0.4) |  |  |  | 0.6 |
Settlement loss recognized |  |  | – |  |  |  | 6.8 |  |  |  | – |  |  |  | 6.8 |
Net periodic pension cost |  | $ | 10.6 |  |  | $ | 19.4 |  |  | $ | 21.0 |  |  | $ | 31.5 |
Snap-on intends to make contributions of $10.2 million to its foreign pension plans and $1.6 million to its domestic pension plans in 2013, as required by law. In the first six months of 2013, Snap-on made $15.7 million of cash contributions to its domestic pension plans that included (i) $15.0 million of discretionary contributions; and (ii) $0.7 million of required contributions. Depending on market and other conditions, Snap-on may elect to make additional discretionary cash contributions to its domestic pension plans in 2013.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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