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Pension Plans
 9 Months Ended
Sep. 28, 2024
Retirement Benefits [Abstract]  
Pension Plans Pension Plans
Snap-on’s net periodic pension benefit included the following components:
Three Months EndedNine Months Ended
(Amounts in millions)September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Service cost$5.0 $4.7 $15.0 $14.1 
Interest cost16.4 16.3 49.2 49.0 
Expected return on plan assets(25.5)(26.1)(76.3)(78.4)
Amortization of unrecognized loss2.3 0.4 6.9 1.1 
Net periodic pension benefit$(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.