XML 31 R18.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Pension Plans | 9 Months Ended
--- | ---
Sep. 30, 2017
Retirement Benefits [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) |  | September 30, 2017 |  |  | October 1, 2016 |  |  | September 30, 2017 |  |  | October 1, 2016 |
Service cost |  | $ | 5.6 |  |  | $ | 4.8 |  |  | $ | 16.8 |  |  | $ | 14.5 |
Interest cost |  |  | 13.9 |  |  |  | 14.2 |  |  |  | 41.8 |  |  |  | 42.6 |
Expected return on plan assets |  |  | (21.2) |  |  |  | (20.4) |  |  |  | (62.2) |  |  |  | (60.8) |
Amortization of unrecognized loss |  |  | 6.9 |  |  |  | 7.8 |  |  |  | 20.8 |  |  |  | 23.5 |
Amortization of prior service credit |  |  | (0.2) |  |  |  | (0.2) |  |  |  | (0.8) |  |  |  | (0.8) |
Net periodic pension cost |  | $ | 5.0 |  |  | $ | 6.2 |  |  | $ | 16.4 |  |  | $ | 19.0 |
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 nine months of 2017, Snap-on made $61.2 million of cash contributions to its domestic pension plans consisting of (i) $60.0 million of discretionary contributions and (ii) $1.2 million of required contributions. Depending on market and other conditions, Snap-on may make additional discretionary 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