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Exit and Disposal Activities | 6 Months Ended
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Jun. 28, 2014
Restructuring And Related Activities [Abstract] |
Exit and Disposal Activities | Note 6: Exit and Disposal Activities Snap-on recorded costs associated with exit and disposal activities for the three and six month periods ended June 28, 2014, and June 29, 2013, as follows:
|  | Three Months Ended |  |  | Six Months Ended |
(Amounts in millions) |  | June 28, 2014 |  |  | June 29, 2013 |  |  | June 28, 2014 |  |  | June 29, 2013 |
Exit and disposal costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 2.2 |
Snap-on Tools Group |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.1 |
Repair Systems & Information Group |  |  | 1.2 |  |  |  | 0.6 |  |  |  | 3.2 |  |  |  | 0.8 |
Total cost of goods sold |  |  | 1.2 |  |  |  | 0.8 |  |  |  | 3.2 |  |  |  | 3.1 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.1 |
Snap-on Tools Group |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.2 |
Repair Systems & Information Group |  |  | 0.2 |  |  |  | 0.8 |  |  |  | 0.2 |  |  |  | 1.2 |
Total operating expenses |  |  | 0.2 |  |  |  | 1.0 |  |  |  | 0.2 |  |  |  | 1.5 |
Financial Services |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |
Total exit and disposal costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  |  | 2.3 |
Snap-on Tools Group |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  |  | 0.3 |
Repair Systems & Information Group |  |  | 1.4 |  |  |  | 1.4 |  |  |  | 3.4 |  |  |  | 2.0 |
Financial Services |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |
Total exit and disposal costs |  | $ | 1.4 |  |  | $ | 1.8 |  |  | $ | 3.4 |  |  | $ | 4.7 |
Costs associated with exit and disposal activities in 2014 primarily relate to headcount reduction initiatives. The $1.4 million and $3.4 million of costs incurred during the respective three and six month periods ended June 28, 2014, respectively, qualified for accrual treatment. Snap-on’s exit and disposal accrual activity for the first and second quarters of 2014 is as follows:
|  | Balance at December 28, 2013 |  |  | First Quarter |  |  | Balance at March 29, 2014 |  |  | Second Quarter |  |  | Balance at June 28, 2014 |
(Amounts in millions) |  |  | Provision |  |  | Usage |  |  |  | Provision |  |  | Usage |  |
Severance costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 1.5 |  |  | $ | — |  |  | $ | (0.3 | ) |  | $ | 1.2 |  |  | $ | — |  |  | $ | (0.2 | ) |  | $ | 1.0 |
Snap-on Tools Group |  |  | 0.2 |  |  |  | — |  |  |  | (0.1 | ) |  |  | 0.1 |  |  |  | — |  |  |  | — |  |  |  | 0.1 |
Repair Systems & Information Group |  |  | 2.3 |  |  |  | 2.0 |  |  |  | (0.3 | ) |  |  | 4.0 |  |  |  | 1.4 |  |  |  | (0.3 | ) |  |  | 5.1 |
Total |  | $ | 4.0 |  |  | $ | 2.0 |  |  | $ | (0.7 | ) |  | $ | 5.3 |  |  | $ | 1.4 |  |  | $ | (0.5 | ) |  | $ | 6.2 |
The majority of the exit and disposal accrual as of June 28, 2014, is expected to be utilized in 2014. Snap-on expects to fund the remaining cash requirements of its exit and disposal activities with available cash on hand, cash flows from operations and borrowings under the company’s existing credit facilities. The estimated costs for the exit and disposal activities were based on management’s best business judgment under prevailing circumstances.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + 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 SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: 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 4: 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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