XML 25 R18.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Pension Plans | 3 Months Ended
--- | ---
Apr. 04, 2015
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 |
(Amounts in millions) |  | April 4, 2015 |  |  | March 29, 2014 |
Service cost |  | $ | 5.2 |  |  | $ | 4.8 |
Interest cost |  |  | 13.2 |  |  |  | 14.3 |
Expected return on plan assets |  |  | (19.4) |  |  |  | (18.2) |
Amortization of unrecognized loss |  |  | 8.9 |  |  |  | 5.4 |
Amortization of prior service credit |  |  | (0.2) |  |  |  | (0.2) |
Net periodic pension cost |  | $ | 7.7 |  |  | $ | 6.1 |
Snap-on intends to make contributions of $7.1 million to its foreign pension plans and $2.0 million to its domestic pension plans in 2015, as required by law. In the first three months of 2015, Snap-on made $15.3 million of cash contributions to its domestic pension plans consisting of (i) $15.0 million of discretionary contributions; and (ii) $0.3 million of required contributions. Depending on market and other conditions, Snap-on may make additional discretionary cash contributions to its pension plans in 2015.

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