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Pension Plans
 3 Months Ended
Mar. 29, 2025
Retirement Benefits [Abstract]  
Pension Plans Pension Plans
Snap-on’s net periodic pension benefit included the following components:
Three Months Ended
(Amounts in millions)March 29, 2025March 30, 2024
Service cost$5.1 $5.0 
Interest cost16.6 16.4 
Expected return on plan assets(23.0)(25.5)
Amortization of unrecognized loss5.5 2.1 
Net periodic pension cost (benefit)$4.2 $(2.0)
The components of net periodic pension cost (benefit), other than the service cost component, are included in “Other income (expense) – net” on the accompanying Condensed Consolidated Statements of Earnings. See Note 15 for additional information on other income (expense) – net.
Snap-on intends to make contributions of $4.3 million to its foreign pension plans and $6.5 million to its domestic pension plans in 2025, as required by law. Depending on market and other conditions, Snap-on may make discretionary cash contributions to its pension plans in 2025.