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v3.20.1

Pension Plans | 3 Months Ended
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Mar. 28, 2020
Retirement Benefits [Abstract] |
Pension Plans | Pension Plans Snap-on’s net periodic pension cost included the following components:
|  |  |  |  | Three Months Ended |  |
(Amounts in millions) |  |  |  |  | March 28, 2020 |  | March 30, 2019
Service cost |  |  |  |  | $ | 6.9 |  |  | $ | 6.0 |
Interest cost |  |  |  |  | 12.1 |  |  | 14.1 |
Expected return on plan assets |  |  |  |  | (23.7) |  |  | (22.4) |
Amortization of unrecognized loss |  |  |  |  | 8.4 |  |  | 6.2 |
Amortization of prior service credit |  |  |  |  | — |  |  | (0.2) |
Net periodic pension cost |  |  |  |  | $ | 3.7 |  |  | $ | 3.7 |
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 17 for additional information on other income (expense) - net. Snap-on intends to make contributions of $8.7 million to its foreign pension plans and $2.9 million to its domestic pension plans in 2020, as required by law. Depending on market and other conditions, Snap-on may make discretionary cash contributions to its pension plans in 2020.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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