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Exit and Disposal Activities (Tables)

3 Months Ended

Mar. 29, 2014

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 month periods ended March 29, 2014, and March 30, 2013, as follows:

		Three Months Ended
(Amounts in millions)		March 29, 2014				March 30, 2013
Exit and disposal costs:
Cost of goods sold:
Commercial & Industrial Group		$	—			$	2.1
Repair Systems & Information Group			2.0				0.2
Total cost of goods sold			2.0				2.3
Operating expenses:
Snap-on Tools Group			—				0.1
Repair Systems & Information Group			—				0.4
Total operating expenses			—				0.5
Financial Services			—				0.1
Total exit and disposal costs:
Commercial & Industrial Group			—				2.1
Snap-on Tools Group			—				0.1
Repair Systems & Information Group			2.0				0.6
Financial Services			—				0.1
Total exit and disposal costs		$	2.0			$	2.9

Components of Exit and Disposal Accrual Activity

Snap-on’s exit and disposal accrual activity for the first quarter of 2014 is as follows:

(Amounts in millions)		Balance at December 28, 2013				Provision				Usage				Balance at March 29, 2014
Severance costs:
Commercial & Industrial Group		$	1.5			$	—			$	(0.3	)		$	1.2
Snap-on Tools Group			0.2				—				(0.1	)			0.1
Repair Systems & Information Group			2.3				2.0				(0.3	)			4.0
Total		$	4.0			$	2.0			$	(0.7	)		$	5.3

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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)

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-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



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 420

-SubTopic 10

-Section 50

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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

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