Pension Plans

Snap-on’s net periodic pension cost included the following components:



	Three Months Ended						Six Months Ended
(Amounts in millions)	June 30, 2018			July 1, 2017			June 30, 2018			July 1, 2017
Service cost	$	6.1		$	5.3		$	12.6		$	11.2
Interest cost	13.2			13.9			26.4			27.9
Expected return on plan assets	(22.2		)	(20.9		)	(43.9		)	(41.0		)
Amortization of unrecognized loss	8.4			7.0			16.4			13.9
Amortization of prior service credit	(0.3		)	(0.3		)	(0.6		)	(0.6		)
Net periodic pension cost	$	5.2		$	5.0		$	10.9		$	11.4

The components of net periodic pension cost, other than the service cost component, are included in “Other income (expense) - net” on the accompanying Condensed Consolidated Statements of Earnings. See Note 15 for additional information on Other income (expense) - net.

Snap-on intends to make contributions of $9.7 million to its foreign pension plans and $2.4 million to its domestic pension plans in 2018, as required by law. In the first six months of 2018, 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 2018.