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Defined Benefit Plans | 3 Months Ended
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Apr. 03, 2020
Retirement Benefits [Abstract] |
Defined Benefit Plans | DEFINED BENEFIT PLANS The following sets forth the components of the Company’s net periodic benefit (cost) of the noncontributory defined benefit pension plans ($ in millions):
| Three-Month Period Ended
| April 3, 2020 |  | March 29, 2019
U.S. pension benefits: |  |  |
Service cost | $ | — |  |  | $ | (1.6 | )
Interest cost | (16.6 | ) |  | (22.2 | )
Expected return on plan assets | 29.1 |  |  | 31.6 |
Amortization of actuarial loss | (9.0 | ) |  | (6.2 | )
Amortization of prior service cost | (0.2 | ) |  | (0.2 | )
Net periodic pension benefit | $ | 3.3 |  |  | $ | 1.4 |
Non-U.S. pension benefits: |  |  |
Service cost | $ | (6.0 | ) |  | $ | (5.8 | )
Interest cost | (4.5 | ) |  | (6.2 | )
Expected return on plan assets | 8.9 |  |  | 10.1 |
Amortization of actuarial loss | (2.4 | ) |  | (1.1 | )
Amortization of prior service credit | 0.3 |  |  | — |
Net periodic pension cost | $ | (3.7 | ) |  | $ | (3.0 | )
The following sets forth the components of the Company’s net periodic benefit cost of the other postretirement employee benefit plans ($ in millions):
| Three-Month Period Ended
| April 3, 2020 |  | March 29, 2019
Service cost | $ | (0.1 | ) |  | $ | (0.1 | )
Interest cost | (0.8 | ) |  | (1.2 | )
Amortization of prior service credit | 0.5 |  |  | 0.5 |
Net periodic cost | $ | (0.4 | ) |  | $ | (0.8 | )
The net periodic benefit cost of the noncontributory defined benefit pension plans and other postretirement employee benefit plans incurred during the three-month periods ended April 3, 2020 and March 29, 2019 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):
| Three-Month Period Ended
| April 3, 2020 |  | March 29, 2019
Service cost: |  |  |
Cost of sales | $ | (1.5 | ) |  | $ | (2.0 | )
Selling, general and administrative expenses | (4.6 | ) |  | (5.5 | )
Total service cost | (6.1 | ) |  | (7.5 | )
Other n et periodic benefit costs: |  |  |
Other (expense) income, net | 5.3 |  |  | 5.1 |
Total | $ | (0.8 | ) |  | $ | (2.4 | )
Employer Contributions During 2020, the Company’s cash contribution requirements for its U.S. and non-U.S. defined benefit pension plans are forecasted to be approximately $85 million and $50 million, respectively. The ultimate amounts to be contributed depend upon, among other things, legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contribution, local practices, market conditions, interest rates and other factors. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law and includes a provision that allows employers to defer payment of contributions to U.S. defined benefit pension plans due in 2020 until January 1, 2021. The Company is still evaluating whether it will defer any 2020 contributions to its U.S. defined benefit pension plans pursuant to this provision.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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