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v3.24.2

Pension Plans (Tables) | 6 Months Ended
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Jun. 29, 2024
Retirement Benefits [Abstract] |
Schedule of Net Periodic Pension Benefit | Snap-on’s net periodic pension benefit included the following components:
| Three Months Ended |  | Six Months Ended
(Amounts in millions) | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Service cost | $ | 5.0 |  |  | $ | 4.5 |  |  | $ | 10.0 |  |  | $ | 9.4 |
Interest cost | 16.4 |  |  | 16.4 |  |  | 32.8 |  |  | 32.7 |
Expected return on plan assets | (25.3) |  |  | (26.1) |  |  | (50.8) |  |  | (52.3) |
Amortization of unrecognized loss | 2.5 |  |  | 0.4 |  |  | 4.6 |  |  | 0.7 |
Net periodic pension benefit | $ | (1.4) |  |  | $ | (4.8) |  |  | $ | (3.4) |  |  | $ | (9.5) |

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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 -SubTopic 20 -Section 55 -Paragraph 17 -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 -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -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 -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-2 + Details
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