v3.26.1
Pension Plans
 6 Months Ended
Jul. 04, 2026
Retirement Benefits [Abstract]  
Pension Plans Pension Plans
Snap-on’s pension net periodic benefit cost included the following components:
Three Months EndedSix Months Ended
(Amounts in millions)July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Service cost$4.8 $4.7 $10.0 $9.8 
Interest cost16.5 16.5 33.2 33.1 
Expected return on plan assets(23.7)(22.8)(47.5)(45.8)
Amortization of unrecognized loss4.7 5.7 9.2 11.2 
Net periodic benefit cost$2.3 $4.1 $4.9 $8.3 
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.