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Pension Plans | 3 Months Ended
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Apr. 01, 2017
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 |
(Amounts in millions) |  | April 1, 2017 |  |  | April 2, 2016 |
Service cost |  | $ | 5.9 |  |  | $ | 4.9 |
Interest cost |  |  | 14.0 |  |  |  | 14.0 |
Expected return on plan assets |  |  | (20.1) |  |  |  | (19.7) |
Amortization of unrecognized loss |  |  | 6.9 |  |  |  | 7.2 |
Amortization of prior service credit |  |  | (0.3) |  |  |  | (0.3) |
Net periodic pension cost |  | $ | 6.4 |  |  | $ | 6.1 |
Snap-on intends to make contributions of $7.1 million to its foreign pension plans and $2.3 million to its domestic pension plans in 2017, as required by law. In the first three months of 2017, Snap-on made $15.3 million of cash contributions to its domestic pension plans consisting of (i) $15.0 million of discretionary contributions; and (ii) $0.3 million of required contributions. Depending on market and other conditions, Snap-on may make additional discretionary cash contributions to its pension plans in 2017.

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