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EMPLOYEE BENEFIT PLANS (Tables)

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit (Income) Expense

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

Domestic Pension Plans

			Three months ended												Nine months ended
			September 30, 2023						October 1, 2022						September 30, 2023						October 1, 2022
Interest cost			$	3.3					$	2.9					$	9.9					$	7.5
Expected return on plan assets			(2.2)						(2.0)						(6.6)						(6.2)
Settlement and actuarial losses (1)			—						2.4						—						6.2
Net periodic pension benefit expense			$	1.1					$	3.3					$	3.3					$	7.5

___________________________

(1)     For the three months ended October 1, 2022, consists of a settlement loss of $2.0 and an actuarial loss of $0.4. For the nine months ended October 1, 2022, consists of settlement losses of $4.3 and actuarial losses of $1.9.

Foreign Pension Plans

			Three months ended												Nine months ended
			September 30, 2023						October 1, 2022						September 30, 2023						October 1, 2022
Interest cost			$	1.4					$	1.0					$	4.2					$	3.0
Expected return on plan assets			(1.6)						(1.5)						(4.8)						(4.5)
Net periodic pension benefit income			$	(0.2)					$	(0.5)					$	(0.6)					$	(1.5)

Postretirement Plans

			Three months ended												Nine months ended
			September 30, 2023						October 1, 2022						September 30, 2023						October 1, 2022
Interest cost			$	0.3					$	0.3					$	0.9					$	0.9
Amortization of unrecognized prior service credits			(1.0)						(1.1)						(3.0)						(3.3)
Settlement loss, net (1)			—						—						—						0.3
Net periodic postretirement benefit income			$	(0.7)					$	(0.8)					$	(2.1)					$	(2.1)

___________________________

(1)     For the nine months ended October 1, 2022, includes the impact of the transfer of the retiree life insurance benefits obligation.

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- References

No definition available.

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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