XML 133 R99.htm IDEA: XBRL DOCUMENT v3.24.0.1
EMPLOYEE BENEFIT PLANS - Pension and Other Post-Retirement Benefit Obligations (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Amounts recognized in the Consolidated Balance Sheets      
Non-current benefit liability $ (378.4) $ (353.9)  
Other Benefit Plans      
Change in benefit obligation      
Benefit obligation at end of prior year 42.8 50.3  
Service cost 0.3 0.3 $ 0.4
Interest cost 2.0 1.5 0.9
Special termination benefit 0.0 6.9 0.0
Settlements/curtailments 0.0 (0.4)  
Actuarial loss (gain) (2.3) (9.5)  
Plan amendments 0.0 0.4  
Foreign currency exchange rate changes 0.3 (0.2)  
Participant contributions 0.0 0.0  
Acquisitions, divestitures, and other 0.0 0.0  
Benefits paid (7.9) (6.5)  
Benefit obligation at end of year 35.2 42.8 50.3
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 7.9 6.5  
Settlements 0.0 0.0  
Foreign currency exchange rate changes 0.0 0.0  
Acquisitions, divestitures, and other 0.0 0.0  
Benefits paid (7.9) (6.5)  
Fair value of plan assets at end of plan year 0.0 0.0 0.0
Funded status — assets less than benefit obligation (35.2) (42.8)  
Unrecognized prior service cost (credit) 0.4 0.4  
Unrecognized net actuarial loss (gain) (19.6) (18.3)  
Net amount recognized (54.4) (60.7)  
Amounts recognized in the Consolidated Balance Sheets      
Prepaid benefit cost (non-current) 0.0 0.0  
Current benefit liability (7.6) (8.9)  
Non-current benefit liability (27.6) (33.9)  
Net liability recognized (35.2) (42.8)  
Accumulated other comprehensive loss (pre-tax):      
Prior service cost (credit) 0.4 0.4  
Actuarial loss (gain) (19.6) (18.3)  
Defined benefit plan, accumulated other comprehensive loss (pre-tax) (19.2) (17.9)  
U.S. Plans      
Change in benefit obligation      
Benefit obligation at end of prior year 1,083.5 1,458.2  
Service cost 8.1 6.2 6.5
Interest cost 54.7 33.6 23.0
Special termination benefit 0.0 0.0 0.0
Settlements/curtailments (5.6) (10.7)  
Actuarial loss (gain) 40.2 (314.7)  
Plan amendments 0.0 0.7  
Foreign currency exchange rate changes 0.0 0.0  
Participant contributions 0.0 0.0  
Acquisitions, divestitures, and other (7.7) (4.5)  
Benefits paid (82.9) (85.3)  
Benefit obligation at end of year 1,090.3 1,083.5 1,458.2
Change in plan assets      
Fair value of plan assets at end of prior year 967.3 1,340.1  
Actual return on plan assets 93.4 (279.0)  
Participant contributions 0.0 0.0  
Employer contributions 14.7 7.0  
Settlements (5.6) (11.0)  
Foreign currency exchange rate changes 0.0 0.0  
Acquisitions, divestitures, and other (7.7) (4.5)  
Benefits paid (82.9) (85.3)  
Fair value of plan assets at end of plan year 979.2 967.3 1,340.1
Funded status — assets less than benefit obligation (111.1) (116.2)  
Unrecognized prior service cost (credit) 2.1 2.9  
Unrecognized net actuarial loss (gain) 233.0 233.2  
Net amount recognized 124.0 119.9  
Amounts recognized in the Consolidated Balance Sheets      
Prepaid benefit cost (non-current) 0.0 4.1  
Current benefit liability (5.6) (6.1)  
Non-current benefit liability (105.5) (114.2)  
Net liability recognized (111.1) (116.2)  
Accumulated other comprehensive loss (pre-tax):      
Prior service cost (credit) 2.1 2.9  
Actuarial loss (gain) 233.0 233.2  
Defined benefit plan, accumulated other comprehensive loss (pre-tax) 235.1 236.1  
Non-U.S. Plans      
Change in benefit obligation      
Benefit obligation at end of prior year 931.0 1,490.4  
Service cost 11.2 15.1 17.6
Interest cost 43.4 22.9 16.7
Special termination benefit 0.3 0.0 0.0
Settlements/curtailments (7.6) (4.4)  
Actuarial loss (gain) 26.6 (409.5)  
Plan amendments 0.0 0.1  
Foreign currency exchange rate changes 46.5 (133.1)  
Participant contributions 0.2 0.2  
Acquisitions, divestitures, and other (2.7) 2.2  
Benefits paid (49.8) (52.9)  
Benefit obligation at end of year 999.1 931.0 1,490.4
Change in plan assets      
Fair value of plan assets at end of prior year 783.4 1,226.6  
Actual return on plan assets 50.1 (281.3)  
Participant contributions 0.2 0.2  
Employer contributions 19.6 18.4  
Settlements (11.3) (4.4)  
Foreign currency exchange rate changes 41.5 (121.0)  
Acquisitions, divestitures, and other (2.7) (2.2)  
Benefits paid (49.8) (52.9)  
Fair value of plan assets at end of plan year 831.0 783.4 $ 1,226.6
Funded status — assets less than benefit obligation (168.1) (147.6)  
Unrecognized prior service cost (credit) (13.9) (13.8)  
Unrecognized net actuarial loss (gain) 170.2 143.1  
Net amount recognized (11.8) (18.3)  
Amounts recognized in the Consolidated Balance Sheets      
Prepaid benefit cost (non-current) 88.7 67.7  
Current benefit liability (10.9) (9.5)  
Non-current benefit liability (245.9) (205.8)  
Net liability recognized (168.1) (147.6)  
Accumulated other comprehensive loss (pre-tax):      
Prior service cost (credit) (13.9) (13.8)  
Actuarial loss (gain) 170.2 143.1  
Defined benefit plan, accumulated other comprehensive loss (pre-tax) $ 156.3 $ 129.3