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Postretirement Health Care Plans

6 Months Ended

Jun. 29, 2013

Postemployment Benefits [Abstract]

Postretirement Health Care Plans

Note 11: Postretirement Health Care Plans

Snap-on’s net periodic postretirement health care 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		$	–			$	0.1			$	0.1			$	0.1
Interest cost			0.6				0.6				1.1				1.3
Expected return on plan assets			(0.3)				(0.2)				(0.6)				(0.5)
Net periodic postretirement cost		$	0.3			$	0.5			$	0.6			$	0.9

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- Definition

The entire disclosure for postemployment benefits, which may include supplemental unemployment benefits, obligations recognized for all types of benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement. Disclosure may also include discussion that an obligation for postemployment benefits is not accrued in accordance with regulation only because the amount cannot be reasonably estimated.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 712

-SubTopic 10

-Section 25

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6410138&loc=d3e79691-111665



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 712

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6410195&loc=d3e80090-111668

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