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Exit and Disposal Activities (Tables) | 6 Months Ended
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Jun. 29, 2013
Restructuring And Related Activities [Abstract] |
Recorded Costs Associated with Exit and Disposal Activities | Snap-on recorded costs associated with exit and disposal activities for the three and six month periods ended June 29, 2013, and June 30, 2012, as follows:
|  | Three Months Ended |  |  | Six Months Ended |
(Amounts in millions) |  | June 29, 2013 |  |  | June 30, 2012 |  |  | June 29, 2013 |  |  | June 30, 2012 |
Exit and disposal costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 0.1 |  |  | $ | 2.6 |  |  | $ | 2.2 |  |  | $ | 2.7 |
Snap-on Tools Group |  |  | 0.1 |  |  |  | 6.9 |  |  |  | 0.1 |  |  |  | 7.0 |
Repair Systems & Information Group |  |  | 0.6 |  |  |  | – |  |  |  | 0.8 |  |  |  | 0.2 |
Total cost of goods sold |  |  | 0.8 |  |  |  | 9.5 |  |  |  | 3.1 |  |  |  | 9.9 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  |  | 0.1 |  |  |  | 0.6 |  |  |  | 0.1 |  |  |  | 4.0 |
Snap-on Tools Group |  |  | 0.1 |  |  |  | – |  |  |  | 0.2 |  |  |  | 0.1 |
Repair Systems & Information Group |  |  | 0.8 |  |  |  | 0.1 |  |  |  | 1.2 |  |  |  | 0.2 |
Total operating expenses |  |  | 1.0 |  |  |  | 0.7 |  |  |  | 1.5 |  |  |  | 4.3 |
Financial Services |  |  | – |  |  |  | – |  |  |  | 0.1 |  |  |  | – |
Total exit and disposal costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  |  | 0.2 |  |  |  | 3.2 |  |  |  | 2.3 |  |  |  | 6.7 |
Snap-on Tools Group |  |  | 0.2 |  |  |  | 6.9 |  |  |  | 0.3 |  |  |  | 7.1 |
Repair Systems & Information Group |  |  | 1.4 |  |  |  | 0.1 |  |  |  | 2.0 |  |  |  | 0.4 |
Financial Services |  |  | – |  |  |  | – |  |  |  | 0.1 |  |  |  | – |
Total exit and disposal costs |  | $ | 1.8 |  |  | $ | 10.2 |  |  | $ | 4.7 |  |  | $ | 14.2 |
Components of Exit and Disposal Accrual Activity | Snap-on’s exit and disposal accrual activity for the first and second quarters of 2013 is as follows:
|  | Balance at |  |  | First Quarter |  |  | Balance at |  |  | Second Quarter |  |  | Balance at |
(Amounts in millions) |  | December 29, 2012 |  |  | Provision |  |  | Usage |  |  | March 30, 2013 |  |  | Provision |  |  | Usage |  |  | June 29, 2013 |
Severance costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 6.2 |  |  | $ | 2.0 |  |  | $ | (1.9) |  |  | $ | 6.3 |  |  | $ | 0.2 |  |  | $ | (3.0) |  |  | $ | 3.5 |
Snap-on Tools Group |  |  | 0.1 |  |  |  | 0.1 |  |  |  | – |  |  |  | 0.2 |  |  |  | – |  |  |  | (0.1) |  |  |  | 0.1 |
Repair Systems & Information Group |  |  | 0.7 |  |  |  | 0.5 |  |  |  | (0.3) |  |  |  | 0.9 |  |  |  | 1.4 |  |  |  | (0.5) |  |  |  | 1.8 |
Financial Services |  |  | – |  |  |  | 0.1 |  |  |  | – |  |  |  | 0.1 |  |  |  | – |  |  |  | (0.1) |  |  |  | – |
Facility-related costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  |  | 0.2 |  |  |  | – |  |  |  | (0.1) |  |  |  | 0.1 |  |  |  | – |  |  |  | – |  |  |  | 0.1 |
Total |  | $ | 7.2 |  |  | $ | 2.7 |  |  | $ | (2.3) |  |  | $ | 7.6 |  |  | $ | 1.6 |  |  | $ | (3.7) |  |  | $ | 5.5 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
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