Note 10: Pension Plans

Snap-on’s net periodic pension cost included the following components:


	Three Months Ended						Nine Months Ended
(Amounts in millions)	September 28, 2013			September 29, 2012			September 28, 2013			September 29, 2012
Service cost	$	5.2		$	5.3		$	15.4		$	15.8
Interest cost		12.9			12.9			38.7			38.7
Expected return on plan assets		(17.7	)		(16.6	)		(53.0	)		(49.6	)
Amortization of unrecognized loss		10.4			10.4			31.1			31.2
Amortization of prior service cost (credit)		(0.2	)		0.3			(0.6	)		0.9
Settlement loss recognized		—			—			—			6.8

Net periodic pension cost	$	10.6		$	12.3		$	31.6		$	43.8

Snap-on intends to make contributions of $10.2 million to its foreign pension plans and $1.3 million to its domestic pension plans in 2013, as required by law. In the first nine months of 2013, Snap-on made $16.0 million of cash contributions to its domestic pension plans that included (i) $15.0 million of discretionary contributions; and (ii) $1.0 million of required contributions. Depending on market and other conditions, Snap-on may elect to make additional discretionary cash contributions to its pension plans in 2013.