XML 73 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Pension Plans | 9 Months Ended
--- | ---
Sep. 27, 2014
Compensation and Retirement Disclosure [Abstract] |
Pension Plans | 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 27, 2014 |  |  | September 28, 2013 |  |  | September 27, 2014 |  |  | September 28, 2013 |
Service cost |  | $ | 4.5 |  |  | $ | 5.2 |  |  | $ | 13.5 |  |  | $ | 15.4 |
Interest cost |  |  | 14.4 |  |  |  | 12.9 |  |  |  | 43.1 |  |  |  | 38.7 |
Expected return on plan assets |  |  | (18.2 | ) |  |  | (17.7 | ) |  |  | (54.5 | ) |  |  | (53.0 | )
Amortization of unrecognized loss |  |  | 5.8 |  |  |  | 10.4 |  |  |  | 17.2 |  |  |  | 31.1 |
Amortization of prior service credit |  |  | (0.2 | ) |  |  | (0.2 | ) |  |  | (0.6 | ) |  |  | (0.6 | )
Net periodic pension cost |  | $ | 6.3 |  |  | $ | 10.6 |  |  | $ | 18.7 |  |  | $ | 31.6 |
Snap-on intends to make contributions of $8.8 million to its foreign pension plans and $1.8 million to its domestic pension plans in 2014, as required by law. In the first nine months of 2014, Snap-on made $20.9 million of cash contributions to its domestic pension plans that included (i) $20.0 million of discretionary contributions; and (ii) $0.9 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 the remainder of 2014.

X
- Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414718&loc=d3e28014-114942 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35742057&loc=SL14450702-114947 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration