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Pension Plans - (Tables)

9 Months Ended

Oct. 02, 2021

Retirement Benefits [Abstract]

Schedule of Net Periodic Pension Cost

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

			Three Months Ended												Nine Months Ended
(Amounts in millions)			October 2, 2021						September 26, 2020						October 2, 2021						September 26, 2020
Service cost			$	7.3					$	6.7					$	21.7					$	20.2
Interest cost			10.6						12.2						31.7						36.6
Expected return on plan assets			(23.6)						(23.7)						(70.7)						(71.1)
Amortization of unrecognized loss			9.0						8.7						27.2						25.9
Net periodic pension cost			$	3.3					$	3.9					$	9.9					$	11.6

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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

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-Publisher FASB
-Name Accounting Standards Codification
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