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Pension Plans
 6 Months Ended
Jun. 28, 2025
Retirement Benefits [Abstract]  
Pension Plans Pension Plans
Snap-on’s net periodic pension benefit included the following components:
Three Months EndedSix Months Ended
(Amounts in millions)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Service cost$4.7 $5.0 $9.8 $10.0 
Interest cost16.5 16.4 33.1 32.8 
Expected return on plan assets(22.8)(25.3)(45.8)(50.8)
Amortization of unrecognized loss5.7 2.5 11.2 4.6 
Net periodic pension cost (benefit)$4.1 $(1.4)$8.3 $(3.4)
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.