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Exit and Disposal Activities | 12 Months Ended
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Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
Exit and Disposal Activities | Exit and Disposal Activities Snap-on did not record any costs for exit and disposal activities during fiscal 2022 or fiscal 2021.
Snap-on’s exit and disposal accrual activity for 2022 and 2021 are as follows:
|  | Balance at |  |  |  | Balance at |  |  |  |  |  | Balance at
(Amounts in millions) |  | 2020 Year End |  | Provision in 2021 |  | Usage in 2021 |  | 2021 Year End |  | Provision in 2022 |  | Usage in 2022 |  | 2022 Year End
Severance costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 5.8 |  |  | $ | — |  |  | $ | (1.5) |  |  | $ | 4.3 |  |  | $ | — |  |  | $ | (2.7) |  |  | $ | 1.6 |
Snap-on Tools Group |  | 0.4 |  |  | — |  |  | (0.1) |  |  | 0.3 |  |  | — |  |  | (0.2) |  |  | 0.1 |
Repair System & Information Group |  | 3.8 |  |  | — |  |  | (1.4) |  |  | 2.4 |  |  | — |  |  | (1.3) |  |  | 1.1 |
Total |  | $ | 10.0 |  |  | $ | — |  |  | $ | (3.0) |  |  | $ | 7.0 |  |  | $ | — |  |  | $ | (4.2) |  |  | $ | 2.8 |
As of December 31, 2022, the company expects that approximately $1.9 million of the $2.8 million exit and disposal accrual will be utilized in 2023, 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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