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v3.25.3

NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS | 9 Months Ended
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Sep. 27, 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 nine months ended September 27, 2025 and September 28, 2024:
| Third 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 |  |  | $ | 3.1 |  |  | $ | — |  |  | $ | 0.1 |
Interest cost | 12.6 |  |  | 12.9 |  |  | 10.9 |  |  | 10.6 |  |  | 0.5 |  |  | 0.4 |
Expected return on plan assets | (14.8) |  |  | (15.2) |  |  | (12.6) |  |  | (11.2) |  |  | — |  |  | — |
Amortization of prior service cost (credit) | 0.2 |  |  | 0.2 |  |  | (0.2) |  |  | (0.2) |  |  | — |  |  | — |
Amortization of net loss (gain) | 2.0 |  |  | 2.0 |  |  | 0.6 |  |  | 1.1 |  |  | (0.4) |  |  | (0.4) |
Settlement / curtailment loss | — |  |  | — |  |  | 19.2 |  |  | 3.4 |  |  | — |  |  | — |
Net periodic pension expense | $ | 1.8 |  |  | $ | 1.5 |  |  | $ | 20.9 |  |  | $ | 6.8 |  |  | $ | 0.1 |  |  | $ | 0.1 |
| 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 | $ | 5.5 |  |  | $ | 4.8 |  |  | $ | 8.8 |  |  | $ | 9.2 |  |  | $ | 0.1 |  |  | $ | 0.2 |
Interest cost | 37.9 |  |  | 38.7 |  |  | 31.8 |  |  | 31.4 |  |  | 1.2 |  |  | 1.2 |
Expected return on plan assets | (44.6) |  |  | (45.6) |  |  | (36.8) |  |  | (32.9) |  |  | — |  |  | — |
Amortization of prior service cost (credit) | 0.4 |  |  | 0.5 |  |  | (0.6) |  |  | (0.6) |  |  | — |  |  | — |
Amortization of net loss (gain) | 6.2 |  |  | 6.0 |  |  | 1.7 |  |  | 3.3 |  |  | (1.3) |  |  | (0.9) |
Settlement / curtailment loss | — |  |  | — |  |  | 19.2 |  |  | 3.5 |  |  | — |  |  | — |
Special termination benefit | — |  |  | — |  |  | — |  |  | — |  |  | 6.1 |  |  | — |
Net periodic pension expense | $ | 5.4 |  |  | $ | 4.4 |  |  | $ | 24.1 |  |  | $ | 13.9 |  |  | $ | 6.1 |  |  | $ | 0.5 |
The components of net periodic benefit expense other than the service cost component are typically included in Other, net in the Consolidated Statements of Operations and Comprehensive Income. The settlement and curtailment loss recorded in the third quarter of 2025 as reflected in the tables above was included in Restructuring charges in the Consolidated Statements of Operations and Comprehensive Income. Refer to Note L, Restructuring Charges and Other, net for further information.

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