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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 27, 2014

Commitments and Contingencies Disclosure [Abstract]

Summary of Product Warranty Accrual Activity

Snap-on’s product warranty accrual activity for the three and nine month periods ended September 27, 2014, and September 28, 2013, is as follows:

		Three Months Ended								Nine Months Ended
(Amounts in millions)		September 27, 2014				September 28, 2013				September 27, 2014				September 28, 2013
Warranty reserve:
Beginning of period		$	17.7			$	17.9			$	17.0			$	18.9
Additions			3.5				3.5				10.4				8.3
Usage			(3.6	)			(2.4	)			(9.8	)			(8.2	)
End of period		$	17.6			$	19.0			$	17.6			$	19.0

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

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