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Pension Plans - (Tables)

6 Months Ended

Jul. 03, 2021

Retirement Benefits [Abstract]

Schedule of Net Periodic Pension Cost

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

			Three Months Ended												Six Months Ended
(Amounts in millions)			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Service cost			$	6.9					$	6.6					$	14.4					$	13.5
Interest cost			10.5						12.3						21.1						24.4
Expected return on plan assets			(23.5)						(23.7)						(47.1)						(47.4)
Amortization of unrecognized loss			9.1						8.8						18.2						17.2
Net periodic pension cost			$	3.0					$	4.0					$	6.6					$	7.7

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- References

No definition available.

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- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
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-Section 55
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