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EMPLOYEE BENEFIT PLANS
9 Months Ended
Sep. 29, 2018
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
In July 2014, we discontinued our sponsorship of post-65 age healthcare plans, effective January 1, 2015, which resulted in eligible retirees being transitioned to coverage in the individual healthcare insurance market that we subsidize through health reimbursement accounts. In November 2014, a lawsuit was filed challenging certain aspects of this action. In September 2017, we received a favorable ruling related to the lawsuit. During the third quarter of 2017, in connection with the favorable ruling, we reduced our unfunded liability related to postretirement benefits by $26.8. The offset for the reduction of the unfunded liability was recorded to accumulated other comprehensive income and represents unrecognized prior service credits. These unrecognized prior service credits are being recorded to net periodic postretirement benefit (income) expense over a period of approximately eight years. In addition, we remeasured our unfunded liability related to postretirement benefits, which resulted in a gain within net periodic postretirement benefit expense and a reduction of the unfunded liability of $2.6 during the third quarter of 2017.

Net periodic benefit expense (income) for our pension and postretirement plans include the following components:

Domestic Pension Plans
 
Three months ended
 
Nine months ended
 
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Service cost
$

 
$
0.1

 
$

 
$
0.3

Interest cost
3.1

 
3.4

 
9.2

 
10.0

Expected return on plan assets
(2.6
)
 
(2.5
)
 
(7.8
)
 
(7.5
)
Amortization of unrecognized prior service credits

 
(0.1
)
 

 
(0.1
)
Net periodic pension benefit expense
$
0.5

 
$
0.9

 
$
1.4

 
$
2.7



Foreign Pension Plans
 
Three months ended
 
Nine months ended
 
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Service cost
$

 
$

 
$

 
$

Interest cost
1.2

 
1.2

 
3.6

 
3.6

Expected return on plan assets
(2.0
)
 
(1.6
)
 
(5.8
)
 
(4.7
)
Net periodic pension benefit income
$
(0.8
)
 
$
(0.4
)
 
$
(2.2
)
 
$
(1.1
)


Postretirement Plans
 
Three months ended
 
Nine months ended
 
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Service cost
$

 
$

 
$

 
$

Interest cost
0.6

 
0.9

 
1.7

 
2.8

Recognized net actuarial gain

 
(2.6
)
 


 
(2.6
)
Amortization of unrecognized prior service credits
(1.0
)
 
(0.2
)
 
(3.0
)
 
(0.6
)
Net periodic postretirement benefit income
$
(0.4
)
 
$
(1.9
)
 
$
(1.3
)
 
$
(0.4
)