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Postretirement Health Care Plans

6 Months Ended

Jul. 02, 2011

Note 11: Postretirement Health Care Plans

Snap-on's net postretirement health care expense included the following components:


	Three Months Ended				Six Months Ended
(Amounts in millions)	July 2, 2011		July 3, 2010		July 2, 2011		July 3, 2010
Service cost	$	–	$	–	$	0.1	$	0.1
Interest cost		0.9		1.0		1.7		1.9
Expected return on plan assets		(0.2)		(0.2)		(0.5)		(0.4)
Prior service credit		–		(0.1)		–		(0.2)

Net postretirement expense	$	0.7	$	0.7	$	1.3	$	1.4

- Definition

The entire disclosure for postemployment benefits, which may include supplemental unemployment benefits, obligations recognized for all types of benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement. Disclosure may also include discussion that an obligation for postemployment benefits is not accrued in accordance with regulation only because the amount cannot be reasonably estimated.

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