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.