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Commitments and Contingencies | 6 Months Ended
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Jun. 29, 2024
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 and six months ended June 29, 2024, and July 1, 2023, is as follows:
| Three Months Ended |  | Six Months Ended
(Amounts in millions) | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Warranty reserve: |  |  |  |  |  |  |
Beginning of period | $ | 14.9 |  |  | $ | 14.8 |  |  | $ | 14.7 |  |  | $ | 14.3 |
Additions | 3.6 |  |  | 4.1 |  |  | 7.6 |  |  | 7.9 |
Usage | (3.3) |  |  | (4.0) |  |  | (7.1) |  |  | (7.3) |
End of period | $ | 15.2 |  |  | $ | 14.9 |  |  | $ | 15.2 |  |  | $ | 14.9 |
In the ordinary course of our business, Snap-on is subject to legal disputes that are being litigated and/or settled. The accompanying Condensed Consolidated Statements of Earnings for the three and six months ended June 29, 2024, include benefits in “Operating expenses” of $11.2 million and $22.5 million, respectively, for payments received associated with a legal matter; the final payments related to this matter were received in the three months ended June 29, 2024. 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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