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Pension Plans | 6 Months Ended
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Jul. 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 |  |  | Six Months Ended |
(Amounts in millions) |  | July 4, 2015 |  |  | June 28, 2014 |  |  | July 4, 2015 |  |  | June 28, 2014 |
Service cost |  | $ | 4.9 |  |  | $ | 4.2 |  |  | $ | 10.1 |  |  | $ | 9.0 |
Interest cost |  |  | 13.6 |  |  |  | 14.4 |  |  |  | 26.8 |  |  |  | 28.7 |
Expected return on plan assets |  |  | (20.3) |  |  |  | (18.1) |  |  |  | (39.7) |  |  |  | (36.3) |
Amortization of unrecognized loss |  |  | 10.5 |  |  |  | 6.0 |  |  |  | 19.4 |  |  |  | 11.4 |
Amortization of prior service credit |  |  | (0.2) |  |  |  | (0.2) |  |  |  | (0.4) |  |  |  | (0.4) |
Net periodic pension cost |  | $ | 8.5 |  |  | $ | 6.3 |  |  | $ | 16.2 |  |  | $ | 12.4 |
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 six months of 2015, Snap-on made $25.7 million of cash contributions to its domestic pension plans consisting of (i) $25.0 million of discretionary contributions; and (ii) $0.7 million of required contributions. Depending on market and other conditions, Snap-on may make additional discretionary cash contributions to its pension plans in 2015.

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