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Postretirement Health Care Plans

3 Months Ended

Apr. 04, 2015

Postemployment Benefits [Abstract]

Postretirement Health Care Plans

Note 11: Postretirement Health Care Plans

Snap-on’s net periodic postretirement health care cost included the following components:

		Three Months Ended
(Amounts in millions)		April 4, 2015				March 29, 2014
Interest cost		$	0.5			$	0.6
Expected return on plan assets			(0.2)				(0.3)
Amortization of unrecognized loss			0.1				–
Net periodic postretirement health care cost		$	0.4			$	0.3

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- Definition

The entire disclosure for postemployment benefits, which may include supplemental unemployment benefits, obligations recognized for all types of benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement. Disclosure may also include discussion that an obligation for postemployment benefits is not accrued in accordance with regulation only because the amount cannot be reasonably estimated.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 712

-SubTopic 10

-Section 25

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6410138&loc=d3e79691-111665



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 712

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6410195&loc=d3e80090-111668

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