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Exit and Disposal Activities
6 Months Ended
Jul. 01, 2017
Restructuring and Related Activities [Abstract]  
Exit and Disposal Activities

Note 6: Exit and Disposal Activities

Snap-on did not record any costs for exit and disposal activities in the three and six month periods ended July 1, 2017. Snap-on recorded $0.9 million of costs for exit and disposal activities in the three and six month periods ended July 2, 2016. The exit and disposal accrual of $1.1 million as of July 1, 2017, is expected to be fully utilized in 2017. Snap-on anticipates funding the remaining cash requirements of its exit and disposal activities with available cash on hand, cash flows from operations and borrowings under the company’s existing credit facilities. The estimated costs for the exit and disposal activities were based on management’s best business judgment under prevailing circumstances.