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.