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v3.26.1

Pension Plans | 3 Months Ended
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Apr. 04, 2026
Retirement Benefits [Abstract] |
Pension Plans | Pension Plans Snap-on’s pension net periodic benefit cost included the following components:
| Three Months Ended |  |
(Amounts in millions) | April 4, 2026 |  | March 29, 2025 |  |  |  |
Service cost | $ | 5.2 |  |  | $ | 5.1 |  |  |  |  |
Interest cost | 16.7 |  |  | 16.6 |  |  |  |  |
Expected return on plan assets | (23.8) |  |  | (23.0) |  |  |  |  |
Amortization of unrecognized loss | 4.5 |  |  | 5.5 |  |  |  |  |
Net periodic benefit cost | $ | 2.6 |  |  | $ | 4.2 |  |  |  |  |
The components of pension net periodic benefit cost, 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 $4.5 million to its foreign pension plans and $3.7 million to its domestic pension plans in 2026, as required by law. Depending on market and other conditions, Snap-on may make discretionary cash contributions to its pension plans in 2026.

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