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v3.25.3

Pension Plans | 9 Months Ended
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Sep. 27, 2025
Retirement Benefits [Abstract] |
Pension Plans | Pension Plans Snap-on’s net periodic pension cost (benefit) included the following components:
| Three Months Ended |  | Nine Months Ended
(Amounts in millions) | September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
Service cost | $ | 4.9 |  |  | $ | 5.0 |  |  | $ | 14.7 |  |  | $ | 15.0 |
Interest cost | 16.6 |  |  | 16.4 |  |  | 49.7 |  |  | 49.2 |
Expected return on plan assets | (22.9) |  |  | (25.5) |  |  | (68.7) |  |  | (76.3) |
Amortization of unrecognized loss | 5.5 |  |  | 2.3 |  |  | 16.7 |  |  | 6.9 |
Amortization of prior service cost | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Net periodic pension cost (benefit) | $ | 4.2 |  |  | $ | (1.8) |  |  | $ | 12.5 |  |  | $ | (5.2) |
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.

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