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Commitments and Contingencies | 3 Months Ended
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Apr. 01, 2023
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies Snap-on provides product warranties for specific product lines and accrues for estimated future warranty cost in the period in which the sale is recorded. Snap-on calculates its accrual requirements based on historic warranty loss experience that is periodically adjusted for recent actual experience, including the timing of claims during the warranty period and actual costs incurred. Snap-on’s product warranty accrual activity for the three months ended April 1, 2023, and April 2, 2022, is as follows:
| Three Months Ended |  |
(Amounts in millions) | April 1, 2023 |  | April 2, 2022 |  |  |  |
Warranty reserve: |  |  |  |  |  |  |
Beginning of period | $ | 14.3 |  |  | $ | 17.3 |  |  |  |  |
Additions | 3.8 |  |  | 2.2 |  |  |  |  |
Usage | (3.3) |  |  | (3.0) |  |  |  |  |
End of period | $ | 14.8 |  |  | $ | 16.5 |  |  |  |  |
In the ordinary course of our business, Snap-on is subject to legal disputes that are being litigated and/or settled. Although it is not possible to predict the outcome of legal matters, management believes that the results of all legal matters will not have a material impact on Snap-on’s consolidated financial position, results of operations or cash flows.

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