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Pension Plans | 9 Months Ended
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Sep. 28, 2024
Retirement Benefits [Abstract] |
Pension Plans | Pension Plans Snap-on’s net periodic pension benefit included the following components:
| Three Months Ended |  | Nine Months Ended
(Amounts in millions) | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Service cost | $ | 5.0 |  |  | $ | 4.7 |  |  | $ | 15.0 |  |  | $ | 14.1 |
Interest cost | 16.4 |  |  | 16.3 |  |  | 49.2 |  |  | 49.0 |
Expected return on plan assets | (25.5) |  |  | (26.1) |  |  | (76.3) |  |  | (78.4) |
Amortization of unrecognized loss | 2.3 |  |  | 0.4 |  |  | 6.9 |  |  | 1.1 |
Net periodic pension benefit | $ | (1.8) |  |  | $ | (4.7) |  |  | $ | (5.2) |  |  | $ | (14.2) |
The components of net periodic pension benefit, other than the service cost component, are included in “Other income (expense) – net” on the accompanying Condensed Consolidated Statements of Earnings. See Note 16 for additional information on other income (expense) – net. Snap-on intends to make contributions of $6.0 million to its foreign pension plans and $3.7 million to its domestic pension plans in 2024, as required by law. Depending on market and other conditions, Snap-on may make discretionary cash contributions to its pension plans in 2024.

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