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Pension Plans - (Tables)

9 Months Ended

Oct. 01, 2022

Retirement Benefits [Abstract]

Schedule of Net Periodic Pension (Benefit) Cost

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

			Three Months Ended												Nine Months Ended
(Amounts in millions)			October 1, 2022						October 2, 2021						October 1, 2022						October 2, 2021
Service cost			$	6.7					$	7.3					$	20.1					$	21.7
Interest cost			11.2						10.6						33.5						31.7
Expected return on plan assets			(25.0)						(23.6)						(74.9)						(70.7)
Amortization of unrecognized loss			4.6						9.0						13.8						27.2
Net periodic pension (benefit) cost			$	(2.5)					$	3.3					$	(7.5)					$	9.9

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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
-SubTopic 20
-Section 55
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e2439-114920

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
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-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e2410-114920

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920

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