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NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS | 9 Months Ended
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Sep. 28, 2024
Retirement Benefits [Abstract] |
NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS | NET PERIODIC BENEFIT COST — DEFINED BENEFIT PLANS Following are the components of net periodic pension expense for the three and nine months ended September 28, 2024 and September 30, 2023:
| Third Quarter
| Pension Benefits |  | Other Benefits
| U.S. Plans |  | Non-U.S. Plans |  | All Plans
(Millions of Dollars) | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Service cost | $ | 1.6 |  |  | $ | 2.0 |  |  | $ | 3.1 |  |  | $ | 2.8 |  |  | $ | 0.1 |  |  | $ | 0.1 |
Interest cost | 12.9 |  |  | 13.6 |  |  | 10.6 |  |  | 11.0 |  |  | 0.4 |  |  | 0.5 |
Expected return on plan assets | (15.2) |  |  | (15.5) |  |  | (11.2) |  |  | (10.5) |  |  | — |  |  | — |
Amortization of prior service cost (credit) | 0.2 |  |  | 0.2 |  |  | (0.2) |  |  | (0.2) |  |  | — |  |  | — |
Amortization of net loss (gain) | 2.0 |  |  | 2.3 |  |  | 1.1 |  |  | 0.8 |  |  | (0.4) |  |  | (0.4) |
Settlement / curtailment loss | — |  |  | — |  |  | 3.4 |  |  | 0.5 |  |  | — |  |  | — |
Net periodic pension expense | $ | 1.5 |  |  | $ | 2.6 |  |  | $ | 6.8 |  |  | $ | 4.4 |  |  | $ | 0.1 |  |  | $ | 0.2 |
| Year-to-Date
| Pension Benefits |  | Other Benefits
| U.S. Plans |  | Non-U.S. Plans |  | All Plans
(Millions of Dollars) | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Service cost | $ | 4.8 |  |  | $ | 6.1 |  |  | $ | 9.2 |  |  | $ | 8.4 |  |  | $ | 0.2 |  |  | $ | 0.2 |
Interest cost | 38.7 |  |  | 41.0 |  |  | 31.4 |  |  | 32.6 |  |  | 1.2 |  |  | 1.5 |
Expected return on plan assets | (45.6) |  |  | (46.6) |  |  | (32.9) |  |  | (31.1) |  |  | — |  |  | — |
Amortization of prior service cost (credit) | 0.5 |  |  | 0.6 |  |  | (0.6) |  |  | (0.5) |  |  | — |  |  | — |
Amortization of net loss (gain) | 6.0 |  |  | 6.7 |  |  | 3.3 |  |  | 2.5 |  |  | (0.9) |  |  | (1.0) |
Settlement / curtailment loss | — |  |  | — |  |  | 3.5 |  |  | 0.6 |  |  | — |  |  | — |
Net periodic pension expense | $ | 4.4 |  |  | $ | 7.8 |  |  | $ | 13.9 |  |  | $ | 12.5 |  |  | $ | 0.5 |  |  | $ | 0.7 |
The components of net periodic benefit expense other than the service cost component are included in Other, net in the Consolidated Statements of Operations and Comprehensive Income (Loss).

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