Note 10: Pension Plans

Snap-on’s net periodic pension cost included the following components:


	Three Months Ended
	April 2,			April 4,
(Amounts in millions)	2016			2015
Service cost	$	4.9		$	5.2
Interest cost		14.0			13.2
Expected return on plan assets		(19.7	)		(19.4	)
Amortization of unrecognized loss		7.2			8.9
Amortization of prior service credit		(0.3	)		(0.2	)

Net periodic pension cost	$	6.1		$	7.7

Snap-on intends to make contributions of $7.4 million to its foreign pension plans and $2.0 million to its domestic pension plans in 2016, as required by law. In the first three months of 2016, Snap-on made $20.4 million of cash contributions to its domestic pension plans consisting of (i) $20.0 million of discretionary contributions; and (ii) $0.4 million of required contributions. Depending on market and other conditions, Snap-on may make additional discretionary cash contributions to its pension plans in 2016.