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Pension Plans (Tables)
9 Months Ended
Sep. 29, 2012
Net Pension Expense

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

 

     Three Months Ended     Nine Months Ended  
(Amounts in millions)    September 29,
2012
    October 1,
2011
    September 29,
2012
    October 1,
2011
 

Service cost

   $ 5.3      $ 4.7      $ 15.8      $ 14.2   

Interest cost

     12.9        13.4        38.7        40.1   

Expected return on plan assets

     (16.6     (14.5     (49.6     (43.5

Amortization of unrecognized loss

     10.4        7.7        31.2        23.2   

Amortization of prior service cost

     0.3        0.3        0.9        0.9   

Settlement loss recognized

     —          —          6.8        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net pension expense

   $ 12.3      $ 11.6      $ 43.8      $ 34.9