XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Pension Plans | 9 Months Ended
--- | ---
Oct. 01, 2016
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 1, 2016 |  |  | October 3, 2015 |  |  | October 1, 2016 |  |  | October 3, 2015 |
Service cost |  | $ | 4.8 |  |  | $ | 5.1 |  |  | $ | 14.5 |  |  | $ | 15.2 |
Interest cost |  |  | 14.2 |  |  |  | 13.4 |  |  |  | 42.6 |  |  |  | 40.2 |
Expected return on plan assets |  |  | (20.4) |  |  |  | (19.8) |  |  |  | (60.8) |  |  |  | (59.5) |
Amortization of unrecognized loss |  |  | 7.8 |  |  |  | 9.7 |  |  |  | 23.5 |  |  |  | 29.1 |
Amortization of prior service credit |  |  | (0.2) |  |  |  | (0.3) |  |  |  | (0.8) |  |  |  | (0.7) |
Net periodic pension cost |  | $ | 6.2 |  |  | $ | 8.1 |  |  | $ | 19.0 |  |  | $ | 24.3 |
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 nine months of 2016, Snap-on made $41.2 million of cash contributions to its domestic pension plans consisting of (i) $40.0 million of discretionary contributions; and (ii) $1.2 million of required contributions. Depending on market and other conditions, Snap-on may make additional discretionary contributions in the balance of 2016.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450702-114947 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66047640&loc=d3e39622-114963 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration