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Exit and Disposal Activities | 9 Months Ended
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Oct. 01, 2016
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 month period ended October 1, 2016; Snap-on recorded $0.9 million of costs for exit and disposal activities in the nine month period ended October 1, 2016, as follows:
|  | Nine Months Ended |
(Amounts in millions) |  | October 1, 2016 |
Exit and disposal costs: |  |  |  |
Repair Systems & Information Group: |  |  |  |
Cost of goods sold |  | $ | 0.8 |
Operating expenses |  |  | 0.1 |
Total exit and disposal costs |  | $ | 0.9 |
The $0.9 million of costs incurred during the nine month period ended October 1, 2016, qualified for accrual treatment. Snap-on did not record any costs for exit and disposal activities in the three and nine month periods ended October 3, 2015. Snap-on’s exit and disposal accrual activity for the first nine months of 2016 is as follows:
|  | Balance at |  |  | First Six Months |  |  | Balance at |  |  | Third Quarter |  |  | Balance at |
(Amounts in millions) |  | January 2, 2016 |  |  | Provision |  |  | Usage |  |  | July 2, 2016 |  |  | Provision |  |  | Usage |  |  | October 1, 2016 |
Severance costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 0.3 |  |  | $ | – |  |  | $ | (0.1) |  |  | $ | 0.2 |  |  | $ | – |  |  | $ | – |  |  | $ | 0.2 |
Repair Systems & Information Group |  |  | 3.8 |  |  |  | 0.9 |  |  |  | (1.2) |  |  |  | 3.5 |  |  |  | – |  |  |  | (0.6) |  |  |  | 2.9 |
Total |  | $ | 4.1 |  |  | $ | 0.9 |  |  | $ | (1.3) |  |  | $ | 3.7 |  |  | $ | – |  |  | $ | (0.6) |  |  | $ | 3.1 |
The company expects that approximately $1.0 million of the $3.1 million exit and disposal accrual as of October 1, 2016, will be utilized in the balance of 2016; due to the timing of longer-term severance payments, it is anticipated that the remainder of the exit and disposal accrual will be utilized in 2017. 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 + Details
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