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Exit and Disposal Activities | 9 Months Ended
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Oct. 03, 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 and nine month periods ended October 3, 2015; in the three and nine month periods ended September 27, 2014, Snap-on recorded costs for exit and disposal activities as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
(Amounts in millions) |  | September 27, 2014 |  |  | September 27, 2014 |
Exit and disposal costs: |  |  |  |  |  |  |  |
Cost of goods sold: |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 0.5 |  |  | $ | 0.5 |
Repair Systems & Information Group |  |  | 1.0 |  |  |  | 4.2 |
Total cost of goods sold |  | $ | 1.5 |  |  | $ | 4.7 |
Operating expenses: |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 0.4 |  |  | $ | 0.4 |
Repair Systems & Information Group |  |  | 0.1 |  |  |  | 0.3 |
Total operating expenses |  | $ | 0.5 |  |  | $ | 0.7 |
Total exit and disposal costs: |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 0.9 |  |  | $ | 0.9 |
Repair Systems & Information Group |  |  | 1.1 |  |  |  | 4.5 |
Total exit and disposal costs |  | $ | 2.0 |  |  | $ | 5.4 |
The $2.0 million and $5.4 million of costs incurred during the respective three and nine month periods ended September 27, 2014, qualified for accrual treatment. Snap-on’s exit and disposal accrual activity for the first nine months of 2015 is as follows:
|  | Balance at January 3, 2015 |  |  | First Six Months |  |  | Balance at July 4, 2015 |  |  | Third Quarter |  |  | Balance at October 3, 2015 |
(Amounts in millions) |  |  | Provision |  |  | Usage |  |  |  | Provision |  |  | Usage |  |
Severance costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 0.8 |  |  | $ | – |  |  | $ | (0.4) |  |  | $ | 0.4 |  |  | $ | – |  |  | $ | – |  |  | $ | 0.4 |
Repair Systems & Information Group |  |  | 5.7 |  |  |  | – |  |  |  | (1.0) |  |  |  | 4.7 |  |  |  | – |  |  |  | (0.5) |  |  |  | 4.2 |
Total |  | $ | 6.5 |  |  | $ | – |  |  | $ | (1.4) |  |  | $ | 5.1 |  |  | $ | – |  |  | $ | (0.5) |  |  | $ | 4.6 |
As of October 3, 2015, the company expects that approximately $0.7 million of the $4.6 million exit and disposal accrual will be utilized in the balance of 2015 and the remainder will extend into 2016 primarily for longer-term severance obligations. 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. .

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- 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 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: 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 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 SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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