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Exit and Disposal Activities | 9 Months Ended
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Oct. 02, 2021
Restructuring and Related Activities [Abstract] |
Exit and Disposal Activities | Exit and Disposal Activities Snap-on did not record any exit and disposal activities for both the three and nine month periods ended October 2, 2021, or in the three month period ended September 26, 2020. In the nine months ended September 26, 2020, Snap-on recorded costs of $11.5 million for exit and disposal activities. The costs associated with exit and disposal activities by operating segment are as follows:
|  |  | Nine Months Ended
(Amounts in millions) |  |  |  |  | October 2, 2021 |  | September 26, 2020
Exit and disposal costs |  |  |  |  |  |  |
Cost of goods sold: |  |  |  |  |  |  |
Commercial & Industrial Group |  |  |  |  | $ | — |  |  | $ | 6.4 |
Repair System & Information Group |  |  |  |  | — |  |  | 0.7 |
Total cost of goods sold |  |  |  |  | $ | — |  |  | $ | 7.1 |
Operating Expenses: |  |  |  |  |  |  |
Snap-on Tools Group |  |  |  |  | $ | — |  |  | $ | 0.6 |
Repair System & Information Group |  |  |  |  | — |  |  | 3.8 |
Total operating expenses |  |  |  |  | $ | — |  |  | $ | 4.4 |
Total exit and disposal costs: |  |  |  |  |  |  |
Commercial & Industrial Group |  |  |  |  | $ | — |  |  | $ | 6.4 |
Snap-on Tools Group |  |  |  |  | — |  |  | 0.6 |
Repair System & Information Group |  |  |  |  | — |  |  | 4.5 |
Total exit and disposal costs |  |  |  |  | $ | — |  |  | $ | 11.5 |
Costs associated with exit and disposal activities in the first nine months of 2020 primarily related to headcount reductions from the ongoing optimization of the company’s cost structure in Europe and various other management and realignment actions. Snap-on’s exit and disposal accrual activity for the first nine months of 2021 is as follows:
|  | Balance at |  | First Six Months |  | Balance at |  | Third Quarter |  | Balance at
(Amounts in millions) |  | January 2, 2021 |  | Provision |  | Usage |  | July 3, 2021 |  | Provision |  | Usage |  | October 2, 2021
Severance costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 5.8 |  |  | $ | — |  |  | $ | (0.8) |  |  | $ | 5.0 |  |  | $ | — |  |  | $ | (0.3) |  |  | $ | 4.7 |
Snap-on Tools Group |  | 0.4 |  |  | — |  |  | — |  |  | 0.4 |  |  | — |  |  | (0.1) |  |  | 0.3 |
Repair System & Information Group |  | 3.8 |  |  | — |  |  | (0.7) |  |  | 3.1 |  |  | — |  |  | (0.5) |  |  | 2.6 |
Total |  | $ | 10.0 |  |  | $ | — |  |  | $ | (1.5) |  |  | $ | 8.5 |  |  | $ | — |  |  | $ | (0.9) |  |  | $ | 7.6 |
As of October 2, 2021, the company expects that of the $7.6 million exit and disposal accrual, approximately $2.0 million will be utilized in the balance of 2021, and the remainder thereafter, primarily for longer-term severance payments. Snap-on expects to fund the remaining cash requirements of its exit and disposal activities with available cash on hand, cash flows from operating activities and borrowings under the company’s existing credit facilities. The estimated costs for the exit and disposal activities were based on management’s best business judgement under prevailing circumstances.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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