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v3.25.2

NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS | 6 Months Ended
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Jun. 28, 2025
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 six months ended June 28, 2025 and June 29, 2024:
| Second Quarter
| Pension Benefits |  | Other Benefits
| U.S. Plans |  | Non-U.S. Plans |  | All Plans
(Millions of Dollars) | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Service cost | $ | 1.8 |  |  | $ | 1.6 |  |  | $ | 3.0 |  |  | $ | 3.0 |  |  | $ | — |  |  | $ | — |
Interest cost | 12.8 |  |  | 12.9 |  |  | 10.8 |  |  | 10.4 |  |  | 0.4 |  |  | 0.4 |
Expected return on plan assets | (15.0) |  |  | (15.2) |  |  | (12.5) |  |  | (10.8) |  |  | — |  |  | — |
Amortization of prior service cost (credit) | 0.1 |  |  | 0.1 |  |  | (0.2) |  |  | (0.2) |  |  | — |  |  | — |
Amortization of net loss (gain) | 2.2 |  |  | 2.0 |  |  | 0.5 |  |  | 1.1 |  |  | (0.5) |  |  | (0.2) |
Settlement / curtailment loss | — |  |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | — |
Special termination benefit | — |  |  | — |  |  | — |  |  | — |  |  | 6.1 |  |  | — |
Net periodic pension expense | $ | 1.9 |  |  | $ | 1.4 |  |  | $ | 1.6 |  |  | $ | 3.6 |  |  | $ | 6.0 |  |  | $ | 0.2 |
| Year-to-Date
| Pension Benefits |  | Other Benefits
| U.S. Plans |  | Non-U.S. Plans |  | All Plans
(Millions of Dollars) | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Service cost | $ | 3.7 |  |  | $ | 3.2 |  |  | $ | 5.8 |  |  | $ | 6.1 |  |  | $ | 0.1 |  |  | $ | 0.1 |
Interest cost | 25.3 |  |  | 25.8 |  |  | 20.9 |  |  | 20.8 |  |  | 0.7 |  |  | 0.8 |
Expected return on plan assets | (29.8) |  |  | (30.4) |  |  | (24.2) |  |  | (21.7) |  |  | — |  |  | — |
Amortization of prior service cost (credit) | 0.2 |  |  | 0.3 |  |  | (0.4) |  |  | (0.4) |  |  | — |  |  | — |
Amortization of net loss (gain) | 4.2 |  |  | 4.0 |  |  | 1.1 |  |  | 2.2 |  |  | (0.9) |  |  | (0.5) |
Settlement / curtailment loss | — |  |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | — |
Special termination benefit | — |  |  | — |  |  | — |  |  | — |  |  | 6.1 |  |  | — |
Net periodic pension expense | $ | 3.6 |  |  | $ | 2.9 |  |  | $ | 3.2 |  |  | $ | 7.1 |  |  | $ | 6.0 |  |  | $ | 0.4 |
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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