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Commitments and Contingencies
 6 Months Ended
Jul. 01, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 14: Commitments and Contingencies

Snap-on provides product warranties for specific product lines and accrues for estimated future warranty cost in the period in which the sale is recorded. Snap-on calculates its accrual requirements based on historic warranty loss experience that is periodically adjusted for recent actual experience, including the timing of claims during the warranty period and actual costs incurred. Snap-on’s product warranty accrual activity for the three and six months ended July 1, 2017, and July 2, 2016, is as follows:

 

     Three Months Ended      Six Months Ended  
(Amounts in millions)    July 1,
2017		      July 2,
2016		      July 1,
2017		      July 2,
2016		  

Warranty reserve:

            

Beginning of period

        $     17.1               $     16.5               $     16.0               $     16.4       

Additions

      5.6             3.0             9.3             6.0       

Usage

      (3.8)            (3.4)            (6.4)            (6.3)      
  

 

 

     

 

 

     

 

 

     

 

 

  

End of period

        $ 18.9               $ 16.1               $ 18.9               $ 16.1       
  

 

 

     

 

 

     

 

 

     

 

 

  

Snap-on is involved in various legal matters that are being litigated and/or settled in the ordinary course of business. Although it is not possible to predict the outcome of these legal matters, management believes that the results of these legal matters will not have a material impact on Snap-on’s consolidated financial position, results of operations or cash flows.