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POSTRETIREMENT BENEFIT PLANS | 9 Months Ended
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Oct. 02, 2021
Retirement Benefits [Abstract] |
POSTRETIREMENT BENEFIT PLANS | POSTRETIREMENT BENEFIT PLANS In the fourth quarter of 2020, the Company terminated its U.S. qualified pension plan by purchasing a group annuity contract from MassMutual Life Insurance Company (MassMutual), which fully assumed the responsibility for paying and administering pension benefits to approximately five thousand plan participants and their beneficiaries. In connection with the plan termination, the Company settled all future obligations under the plan by providing lump sum payments to eligible participants who elected to receive them, and by transferring the remaining projected benefit obligation to the insurance company. The termination was initially funded with plan assets of approximately $320 and cash of $8.4. During the second quarter of 2021, the funding was finalized, resulting in a gain of $3.4 presented within the interest and non-operating expenses (income) line in the Consolidated Statements of Operations. The following tables summarize the components of net periodic benefit cost for pension plans and other employee-related benefit plans.
| October 2, 2021 |  | September 26, 2020
For the Three Months Ended | Pension |  | Other Benefits |  | Total |  | Pension |  | Other Benefits |  | Total
Service cost |  | $ | 0.4 |  |  |  |  | $ | 0.2 |  |  |  |  | $ | 0.6 |  |  |  |  | $ | 0.4 |  |  |  |  | $ | 0.2 |  |  |  |  | $ | 0.6 |  |
Interest cost |  | 0.3 |  |  |  |  | 0.4 |  |  |  |  | 0.7 |  |  |  |  | 2.2 |  |  |  |  | 0.8 |  |  |  |  | 3.0 |  |
Expected return on plan assets |  | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | (2.2) |  |  |  |  | — |  |  |  |  | (2.2) |  |
Amortization of prior service benefit |  | — |  |  |  |  | (0.9) |  |  |  |  | (0.9) |  |  |  |  | — |  |  |  |  | (1.3) |  |  |  |  | (1.3) |  |
Amortization of net actuarial loss |  | 0.5 |  |  |  |  | 0.5 |  |  |  |  | 1.0 |  |  |  |  | 1.8 |  |  |  |  | 0.6 |  |  |  |  | 2.4 |  |
Total net periodic benefit cost |  | $ | 1.2 |  |  |  |  | $ | 0.2 |  |  |  |  | $ | 1.4 |  |  |  |  | $ | 2.2 |  |  |  |  | $ | 0.3 |  |  |  |  | $ | 2.5 |  |
| October 2, 2021 |  | September 26, 2020
For the Nine Months Ended | Pension |  | Other Benefits |  | Total |  | Pension |  | Other Benefits |  | Total
Service cost |  | $ | 1.1 |  |  |  |  | $ | 0.6 |  |  |  |  | $ | 1.7 |  |  |  |  | $ | 1.0 |  |  |  |  | $ | 0.6 |  |  |  |  | $ | 1.6 |  |
Interest cost |  | 0.8 |  |  |  |  | 1.3 |  |  |  |  | 2.1 |  |  |  |  | 6.8 |  |  |  |  | 2.2 |  |  |  |  | 9.0 |  |
Expected return on plan assets |  | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | (6.5) |  |  |  |  | — |  |  |  |  | (6.5) |  |
Amortization of prior service benefit |  | — |  |  |  |  | (3.4) |  |  |  |  | (3.4) |  |  |  |  | — |  |  |  |  | (3.8) |  |  |  |  | (3.8) |  |
Amortization of net actuarial loss |  | 1.5 |  |  |  |  | 1.8 |  |  |  |  | 3.3 |  |  |  |  | 5.3 |  |  |  |  | 2.0 |  |  |  |  | 7.3 |  |
Total net periodic benefit cost |  | $ | 3.4 |  |  |  |  | $ | 0.3 |  |  |  |  | $ | 3.7 |  |  |  |  | $ | 6.6 |  |  |  |  | $ | 1.0 |  |  |  |  | $ | 7.6 |  |
We made contributions to our global postretirement plans of $8.1 and $7.2 during the nine months ended October 2, 2021 and September 26, 2020, respectively. We expect to make contributions of approximately $3 to $5 during the remainder of 2021, principally related to our other employee-related benefit plans. Amortization from accumulated other comprehensive income into earnings related to prior service benefit and net actuarial loss, net of tax, was $0.2 and $0.2 during the three and nine months ended October 2, 2021, respectively, and $0.8 and $2.6 during the three and nine months ended September 26, 2020, respectively. No other reclassifications from accumulated other comprehensive income into earnings were recognized during any of the presented periods.

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