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Pension Plans | 9 Months Ended
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Oct. 03, 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 |  |  | Nine Months Ended |
(Amounts in millions) |  | October 3, 2015 |  |  | September 27, 2014 |  |  | October 3, 2015 |  |  | September 27, 2014 |
Service cost |  | $ | 5.1 |  |  | $ | 4.5 |  |  | $ | 15.2 |  |  | $ | 13.5 |
Interest cost |  |  | 13.4 |  |  |  | 14.4 |  |  |  | 40.2 |  |  |  | 43.1 |
Expected return on plan assets |  |  | (19.8 | ) |  |  | (18.2 | ) |  |  | (59.5 | ) |  |  | (54.5 | )
Amortization of unrecognized loss |  |  | 9.7 |  |  |  | 5.8 |  |  |  | 29.1 |  |  |  | 17.2 |
Amortization of prior service credit |  |  | (0.3 | ) |  |  | (0.2 | ) |  |  | (0.7 | ) |  |  | (0.6 | )
Net periodic pension cost |  | $ | 8.1 |  |  | $ | 6.3 |  |  | $ | 24.3 |  |  | $ | 18.7 |
Snap-on intends to make contributions of $7.1 million to its foreign pension plans and $2.4 million to its domestic pension plans in 2015, as required by law. In the first nine months of 2015, Snap-on made $32.0 million of cash contributions to its domestic pension plans consisting of (i) $30.0 million of discretionary contributions; and (ii) $2.0 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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