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Pension Plans (Tables)

3 Months Ended

Mar. 30, 2024

Retirement Benefits [Abstract]

Schedule of Net Periodic Pension Benefit

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

			Three Months Ended
(Amounts in millions)			March 30, 2024						April 1, 2023
Service cost			$	5.0					$	4.9
Interest cost			16.4						16.3
Expected return on plan assets			(25.5)						(26.2)
Amortization of unrecognized loss			2.1						0.3
Net periodic pension benefit			$	(2.0)					$	(4.7)

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
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-Section 55
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147480506/715-20-50-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-SubTopic 20
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-2

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