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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

6 Months Ended

Jun. 25, 2023

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plan Obligations and Assets

The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Condensed Consolidated Balance Sheets for the defined benefit plans were as follows:

			Six Months Ended
			June 25, 2023												June 26, 2022
			Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
			(In thousands)
Change in projected benefit obligation:
Projected benefit obligation, beginning of period			$	236,147					$	1,169					$	373,062					$	1,346
Interest cost			5,097						22						3,224						10
Actuarial gain			(11,029)						(8)						(62,285)						(116)
Benefits paid			(7,437)						(73)						(6,344)						(66)
Curtailments and settlements			—						—						(3,762)						—
Currency translation loss (gain)			3,018						—						(11,305)						—
Projected benefit obligation, end of period			$	225,796					$	1,110					$	292,590					$	1,174

			Six Months Ended
			June 25, 2023												June 26, 2022
			Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
			(In thousands)
Change in plan assets:
Fair value of plan assets, beginning of period			$	210,133					$	—					$	326,409					$	—
Actual return on plan assets			3,972						—						(42,499)						—
Contributions by employer			3,249						73						5,494						66
Benefits paid			(7,437)						(73)						(6,344)						(66)
Curtailments and settlements			—						—						(3,762)						—
Expenses paid from assets			(146)						—						(188)						—
Currency translation gain (loss)			2,700						—						(10,747)						—
Fair value of plan assets, end of period			$	212,471					$	—					$	268,363					$	—

			June 25, 2023												December 25, 2022
			Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
			(In thousands)
Funded status:
Unfunded benefit obligation, end of period			$	(13,325)					$	(1,110)					$	(26,014)					$	(1,169)

			June 25, 2023												December 25, 2022
			Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
			(In thousands)
Amounts recognized in the Condensed Consolidated Balance Sheets at end of period:
Current liability			$	(794)					$	(148)					$	(841)					$	(177)
Long-term liability			(12,531)						(962)						(25,173)						(992)
Recognized liability			$	(13,325)					$	(1,110)					$	(26,014)					$	(1,169)

			June 25, 2023												December 25, 2022
			Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
			(In thousands)
Amounts recognized in accumulated other comprehensive loss at end of period:
Net actuarial loss (gain)			$	37,731					$	(74)					$	48,121					$	(66)

Schedule of Net Defined Benefit Pension and Other Postretirement Costs

Net defined benefit pension and other postretirement costs included the following components:

						Three Months Ended																								Six Months Ended
						June 25, 2023												June 26, 2022												June 25, 2023												June 26, 2022
						Pension Benefits						Other Benefits						Pension Benefits						Other Benefits						Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
						(In thousands)																								(In thousands)
Interest cost						$	2,783					$	13					$	1,716					$	6					$	5,097					$	22					$	3,224					$	10
Estimated return on plan assets						(2,531)						—						(2,611)						—						(4,753)						—						(5,014)						—
Settlement loss						—						—						1,167						—						—						—						1,167						—
Expenses paid from assets						52						—						73						—						146						—						188						—
Amortization of net loss						261						—						341						—						440						—						568						—
Amortization of past service cost						4						—						4						—						8						—						9						—
Net costs(a)						$	569					$	13					$	690					$	6					$	938					$	22					$	142					$	10

(a)    Net costs are included in the line item Miscellaneous, net on the Condensed Consolidated Statements of Income.

Schedule of Economic Assumptions, and Impact of Change in Discount Rate on Benefit Obligation

The weighted average assumptions used in determining pension and other postretirement plan information were as follows:

			June 25, 2023												December 25, 2022
			Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
Assumptions used to measure benefit obligation at end of period:
Discount rate			5.46		%				5.33		%				5.04		%				5.16		%

			Six Months Ended
			June 25, 2023												June 26, 2022
			Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
Assumptions used to measure net pension and other postretirement cost:
Discount rate			5.05		%				5.16		%				2.29		%				2.38		%
Expected return on plan assets			4.98		%				NA						3.32		%				NA

Schedule of Unrecognized Benefit Amounts

The amounts in accumulated other comprehensive loss that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows:

			Six Months Ended
			June 25, 2023												June 26, 2022
			Pension Benefits						Other Benefits						Pension Benefits						Other Benefits
			(In thousands)
Net actuarial loss (gain), beginning of period			$	48,121					$	(66)					$	58,143					$	118
Amortization			(448)						—						(577)						—
Settlement adjustments			—						—						(1,167)						—
Actuarial gain			(11,029)						(8)						(62,285)						(115)
Asset loss			781						—						47,513						—
Currency translation loss (gain)			306						—						(207)						—
Net actuarial loss (gain), end of period			$	37,731					$	(74)					$	41,420					$	3

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

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Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

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