XML 60 R14.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Exit and Disposal Activities | 3 Months Ended
--- | ---
Apr. 04, 2015
Restructuring and Related Activities [Abstract] |
Exit and Disposal Activities | Note 6: Exit and Disposal Activities Snap-on did not record any costs for exit and disposal activities in the three month period ended April 4, 2015; Snap-on recorded costs for exit and disposal activities in the three month period ended March 29, 2014, as follows:
|  | Three Months Ended |
(Amounts in millions) |  | April 4, 2015 |  |  | March 29, 2014 |
Exit and disposal costs: |  |  |  |  |  |  |  |
Cost of goods sold: |  |  |  |  |  |  |  |
Repair Systems & Information Group |  | $ | – |  |  | $ | 2.0 |
Total exit and disposal costs |  | $ | – |  |  | $ | 2.0 |
The $2.0 million of costs incurred during the three month period ended March 29, 2014, qualified for accrual treatment. Snap-on’s exit and disposal accrual activity for the first quarter of 2015 is as follows:
(Amounts in millions) |  | Balance at January 3, 2015 |  |  | Provision |  |  | Usage |  |  | Balance at April 4, 2015 |
Severance costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 0.8 |  |  | $ | – |  |  | $ | (0.3) |  |  | $ | 0.5 |
Repair Systems & Information Group |  |  | 5.7 |  |  |  | – |  |  |  | (0.4) |  |  |  | 5.3 |
Total |  | $ | 6.5 |  |  | $ | – |  |  | $ | (0.7) |  |  | $ | 5.8 |
The majority of the exit and disposal accrual as of April 4, 2015, is expected to be utilized in 2015. 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.

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

X
- 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 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: 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 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration