XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Pension Plans | 6 Months Ended
--- | ---
Jul. 01, 2017
Retirement Benefits [Abstract] |
Pension Plans | Note 10: Pension Plans Snap-on’s net periodic pension cost included the following components:
|  | Three Months Ended |  |  | Six Months Ended |
(Amounts in millions) |  | July 1, 2017 |  |  | July 2, 2016 |  |  | July 1, 2017 |  |  | July 2, 2016 |
Service cost |  | $ | 5.3 |  |  | $ | 4.8 |  |  | $ | 11.2 |  |  | $ | 9.7 |
Interest cost |  |  | 13.9 |  |  |  | 14.4 |  |  |  | 27.9 |  |  |  | 28.4 |
Expected return on plan assets |  |  | (20.9) |  |  |  | (20.7) |  |  |  | (41.0) |  |  |  | (40.4) |
Amortization of unrecognized loss |  |  | 7.0 |  |  |  | 8.5 |  |  |  | 13.9 |  |  |  | 15.7 |
Amortization of prior service credit |  |  | (0.3) |  |  |  | (0.3) |  |  |  | (0.6) |  |  |  | (0.6) |
Net periodic pension cost |  | $ | 5.0 |  |  | $ | 6.7 |  |  | $ | 11.4 |  |  | $ | 12.8 |
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 six months of 2017, Snap-on made $30.8 million of cash contributions to its domestic pension plans consisting of (i) $30.0 million of discretionary contributions and (ii) $0.8 million of required contributions. Depending on market and other conditions, Snap-on may make additional discretionary cash contributions to its pension plans in 2017.

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 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration