Pension Plans

3 Months Ended

Mar. 31, 2012

Pension Plans [Abstract]

Pension Plans

Note 9: Pension Plans

Snap-on's net pension expense included the following components:

	Three Months Ended
(Amounts in millions)	March 31, 2012		April 2, 2011
Service cost	$	5.3	$	4.7
Interest cost		12.8		13.3
Expected return on plan assets		(16.1)		(14.6)
Actuarial loss		9.8		7.6
Prior service cost		0.3		0.3
Net pension expense	$	12.1	$	11.3

Snap-on intends to make contributions of $12.6 million to its foreign pension plans in 2012, as required by law. On March 1, 2012, Snap-on made a $25.0 million cash contribution to its domestic pension plans that included (i) an $18.3 million 2012 contribution required by law and (ii) a $6.7 million discretionary cash contribution; depending on market and other conditions, Snap-on may elect to make additional discretionary cash contributions to its domestic pension plans in 2012.