XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Pension Plans
 3 Months Ended
Apr. 03, 2021
Retirement Benefits [Abstract]  
Pension Plans Pension Plans
Snap-on’s net periodic pension cost included the following components: 
Three Months Ended
(Amounts in millions)April 3, 2021March 28, 2020
Service cost$7.5 $6.9 
Interest cost10.6 12.1 
Expected return on plan assets(23.6)(23.7)
Amortization of unrecognized loss9.1 8.4 
Net periodic pension cost$3.6 $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 $9.2 million to its foreign pension plans and $2.2 million to its domestic pension plans in 2021, as required by law. Depending on market and other conditions, Snap-on may make discretionary cash contributions to its pension plans in 2021.