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.