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EMPLOYEE BENEFIT PLANS
9 Months Ended
Sep. 27, 2025
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
During the fourth quarter of 2023, we initiated the wind-up of our Canadian defined benefit pension plans (collectively, the “Canadian Pension Plans”). We received regulatory approval for the wind-up which was completed during the first quarter of 2025. This transaction resulted in a settlement loss of $0.3 recorded in net periodic pension benefit expense during the nine months ended September 27, 2025. In addition, and in connection with this wind-up, we remeasured the assets and liabilities of the Canadian Pension Plans, which resulted in a loss of $0.5 recorded in net periodic pension benefit expense for the nine months ended September 27, 2025. Lastly, as a result of the wind-up, we have eliminated the third-party cost and internal resource requirements associated with administering these benefit plans.

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

Domestic Pension Plans
Three months endedNine months ended
September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
Service cost$— $— $— $— 
Interest cost3.0 2.9 9.0 8.9 
Expected return on plan assets(2.0)(2.2)(6.0)(6.6)
Net periodic pension benefit expense$1.0 $0.7 $3.0 $2.3 


Foreign Pension Plans
Three months endedNine months ended
September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
Service cost$— $— $— $— 
Interest cost1.0 1.3 3.0 4.1 
Expected return on plan assets(0.9)(1.3)(2.7)(3.9)
Settlement loss (1)
— — 0.3 — 
Recognized net actuarial loss (1)
— — 0.5 — 
Net periodic pension benefit expense$0.1 $— $1.1 $0.2 
__________________________
(1)Relates to the wind-up of the Canadian Pension Plans referred to previously.

Postretirement Plans
Three months endedNine months ended
September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
Service cost$— $— $— $— 
Interest cost0.3 0.3 0.9 0.9 
Amortization of unrecognized prior service credits(0.8)(0.8)(2.4)(2.4)
Net periodic postretirement benefit income$(0.5)$(0.5)$(1.5)$(1.5)