XML 125 R100.htm IDEA: XBRL DOCUMENT v3.22.4
EMPLOYEE BENEFIT PLANS - Pension and Other Post-Retirement Benefit Obligations (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Amounts recognized in the Consolidated Balance Sheets      
Non-current benefit liability $ (353.9) $ (474.1)  
Other Benefit Plans      
Change in benefit obligation      
Benefit obligation at end of prior year 50.3 61.2  
Service cost 0.3 0.4 $ 0.6
Interest cost 1.5 0.9 1.5
Special termination benefit 6.9 0.0 16.1
Settlements/curtailments (0.4) 0.0  
Actuarial gain (9.5) (6.6)  
Plan amendments 0.4 0.0  
Foreign currency exchange rate changes (0.2) (0.2)  
Participant contributions 0.0 0.0  
Acquisitions, divestitures, and other 0.0 0.0  
Benefits paid (6.5) (5.4)  
Benefit obligation at end of year 42.8 50.3 61.2
Change in plan assets      
Fair value of plan assets at end of prior year 0.0 0.0  
Actual return on plan assets 0.0 0.0  
Participant contributions 0.0 0.0  
Employer contributions 6.5 5.4  
Settlements 0.0 0.0  
Foreign currency exchange rate changes 0.0 0.0  
Acquisitions, divestitures, and other 0.0 0.0  
Benefits paid (6.5) (5.4)  
Fair value of plan assets at end of plan year 0.0 0.0 0.0
Funded status — assets less than benefit obligation (42.8) (50.3)  
Unrecognized prior service cost (credit) 0.4 0.1  
Unrecognized net actuarial loss (gain) (18.3) (9.7)  
Net amount recognized (60.7) (59.9)  
Amounts recognized in the Consolidated Balance Sheets      
Prepaid benefit cost (non-current) 0.0 0.0  
Current benefit liability (8.9) (7.5)  
Non-current benefit liability (33.9) (42.8)  
Net liability recognized (42.8) (50.3)  
Accumulated other comprehensive loss (pre-tax):      
Prior service cost (credit) 0.4 0.1  
Actuarial loss (gain) (18.3) (9.7)  
Defined benefit plan, accumulated other comprehensive loss (pre-tax) (17.9) (9.6)  
U.S. Plans      
Change in benefit obligation      
Benefit obligation at end of prior year 1,458.2 1,404.3  
Service cost 6.2 6.5 6.8
Interest cost 33.6 23.0 35.3
Special termination benefit 0.0 0.0 0.0
Settlements/curtailments (10.7) (0.8)  
Actuarial gain (314.7) (47.2)  
Plan amendments 0.7 0.8  
Foreign currency exchange rate changes 0.0 0.0  
Participant contributions 0.0 0.0  
Acquisitions, divestitures, and other (4.5) 152.4  
Benefits paid (85.3) (80.8)  
Benefit obligation at end of year 1,083.5 1,458.2 1,404.3
Change in plan assets      
Fair value of plan assets at end of prior year 1,340.1 1,191.5  
Actual return on plan assets (279.0) 63.4  
Participant contributions 0.0 0.0  
Employer contributions 7.0 13.8  
Settlements (11.0) (0.8)  
Foreign currency exchange rate changes 0.0 0.0  
Acquisitions, divestitures, and other (4.5) 153.0  
Benefits paid (85.3) (80.8)  
Fair value of plan assets at end of plan year 967.3 1,340.1 1,191.5
Funded status — assets less than benefit obligation (116.2) (118.1)  
Unrecognized prior service cost (credit) 2.9 3.5  
Unrecognized net actuarial loss (gain) 233.2 213.4  
Net amount recognized 119.9 98.8  
Amounts recognized in the Consolidated Balance Sheets      
Prepaid benefit cost (non-current) 4.1 0.6  
Current benefit liability (6.1) (6.0)  
Non-current benefit liability (114.2) (112.7)  
Net liability recognized (116.2) (118.1)  
Accumulated other comprehensive loss (pre-tax):      
Prior service cost (credit) 2.9 3.5  
Actuarial loss (gain) 233.2 213.4  
Defined benefit plan, accumulated other comprehensive loss (pre-tax) 236.1 216.9  
Non-U.S. Plans      
Change in benefit obligation      
Benefit obligation at end of prior year 1,490.4 1,622.3  
Service cost 15.1 17.6 16.1
Interest cost 22.9 16.7 22.5
Special termination benefit 0.0 0.0 0.2
Settlements/curtailments (4.4) (15.3)  
Actuarial gain (409.5) (92.4)  
Plan amendments 0.1 0.1  
Foreign currency exchange rate changes (133.1) (37.7)  
Participant contributions 0.2 0.2  
Acquisitions, divestitures, and other 2.2 28.9  
Benefits paid (52.9) (50.0)  
Benefit obligation at end of year 931.0 1,490.4 1,622.3
Change in plan assets      
Fair value of plan assets at end of prior year 1,226.6 1,229.6  
Actual return on plan assets (281.3) 17.9  
Participant contributions 0.2 0.2  
Employer contributions 18.4 20.8  
Settlements (4.4) (13.7)  
Foreign currency exchange rate changes (121.0) (15.6)  
Acquisitions, divestitures, and other (2.2) 37.4  
Benefits paid (52.9) (50.0)  
Fair value of plan assets at end of plan year 783.4 1,226.6 $ 1,229.6
Funded status — assets less than benefit obligation (147.6) (263.8)  
Unrecognized prior service cost (credit) (13.8) (16.4)  
Unrecognized net actuarial loss (gain) 143.1 268.3  
Net amount recognized (18.3) (11.9)  
Amounts recognized in the Consolidated Balance Sheets      
Prepaid benefit cost (non-current) 67.7 62.4  
Current benefit liability (9.5) (10.3)  
Non-current benefit liability (205.8) (315.9)  
Net liability recognized (147.6) (263.8)  
Accumulated other comprehensive loss (pre-tax):      
Prior service cost (credit) (13.8) (16.4)  
Actuarial loss (gain) 143.1 268.3  
Defined benefit plan, accumulated other comprehensive loss (pre-tax) $ 129.3 $ 251.9