Commitments and Contingencies

9 Months Ended

Oct. 03, 2015

Commitments and Contingencies Disclosure [Abstract]

Note 14: Commitments and Contingencies

Snap-on provides product warranties for specific product lines and accrues for estimated future warranty cost in the period in which the sale is recorded. Snap-on calculates its accrual requirements based on historic warranty loss experience that is periodically adjusted for recent actual experience, including the timing of claims during the warranty period and actual costs incurred. Snap-on’s product warranty accrual activity for the three and nine month periods ended October 3, 2015, and September 27, 2014, is as follows:


	Three Months Ended						Nine Months Ended
(Amounts in millions)	October 3, 2015			September 27, 2014			October 3, 2015			September 27, 2014
Warranty reserve:
Beginning of period	$	18.0		$	17.7		$	17.3		$	17.0
Additions		3.7			3.5			11.3			10.4
Usage		(3.6	)		(3.6	)		(10.5	)		(9.8	)

End of period	$	18.1		$	17.6		$	18.1		$	17.6

Snap-on is involved in various legal matters that are being litigated and/or settled in the ordinary course of business. Although it is not possible to predict the outcome of these legal matters, management believes that the results of these legal matters will not have a material impact on Snap-on’s consolidated financial position, results of operations or cash flows.