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Employee Retirement Plans (Tables) | 12 Months Ended
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Dec. 31, 2022
Retirement Benefits [Abstract] |
Schedule of Defined Benefit Plans Disclosures | A summary of the plans’ net periodic pension cost, benefit obligations, funded status, and net balance sheet position is as follows (dollars in thousands)
| Fiscal 2022 |  | Fiscal 2021
| U.S. Plans |  | Non-U.S. Plans |  | U.S. Plans |  | Non-U.S. Plans
Net Periodic Pension Cost (Benefit): |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 773 |
Interest cost | 923 |  |  | 25,032 |  |  | 841 |  |  | 17,340 |
Expected return on assets | (1,073) |  |  | (74,581) |  |  | (1,029) |  |  | (78,956) |
Amortization of net loss | 758 |  |  | 3,671 |  |  | 1,118 |  |  | 12,741 |
Amortization of prior service cost | — |  |  | 2,589 |  |  | — |  |  | 2,879 |
| $ | 608 |  |  | $ | (43,289) |  |  | $ | 930 |  |  | $ | (45,223) |
Change in Benefit Obligation: |  |  |  |  |  |  |
Benefit obligation – beginning of year | $ | 36,423 |  |  | $ | 1,544,147 |  |  | $ | 38,897 |  |  | $ | 1,744,574 |
Service cost | — |  |  | — |  |  | — |  |  | 773 |
Interest on benefit obligations | 923 |  |  | 25,032 |  |  | 841 |  |  | 17,340 |
Member contributions | — |  |  | — |  |  | — |  |  | 81 |
Actuarial gain | (8,060) |  |  | (409,462) |  |  | (1,617) |  |  | (135,475) |
Net benefit payments | (1,736) |  |  | (59,682) |  |  | (1,698) |  |  | (65,138) |
Exchange effect | — |  |  | (153,882) |  |  | — |  |  | (18,008) |
Benefit obligation – end of year | $ | 27,550 |  |  | $ | 946,153 |  |  | $ | 36,423 |  |  | $ | 1,544,147 |
Change in Plan Assets: |  |  |  |  |  |  |
Plan assets at fair value – beginning of year | $ | 18,289 |  |  | $ | 1,342,601 |  |  | $ | 17,455 |  |  | $ | 1,296,516 |
Company contributions | 1,173 |  |  | 5,442 |  |  | 1,233 |  |  | 4,890 |
Investment (loss) gain | (2,728) |  |  | (207,270) |  |  | 1,299 |  |  | 123,708 |
Member contributions | — |  |  | — |  |  | — |  |  | 81 |
Benefit payments and plan expenses | (1,736) |  |  | (59,682) |  |  | (1,698) |  |  | (65,138) |
Exchange effect | — |  |  | (137,334) |  |  | — |  |  | (17,456) |
Plan assets at fair value – end of year | $ | 14,998 |  |  | $ | 943,757 |  |  | $ | 18,289 |  |  | $ | 1,342,601 |
Funded Status: |  |  |  |  |  |  |
Unfunded benefit obligation | $ | (12,552) |  |  | $ | (2,396) |  |  | $ | (18,134) |  |  | $ | (201,546) |
Amounts recognized in balance sheet at year end: |  |  |  |  |  |  |
Accrued pension benefits | $ | (12,552) |  |  | $ | (2,396) |  |  | $ | (18,134) |  |  | $ | (201,546) |
| Fiscal 2022 |  | Fiscal 2021
| U.S. Plans |  | Non-U.S. Plans |  | U.S. Plans |  | Non-U.S. Plans
Pre-tax components in accumulated other comprehensive income at period end: |  |  |  |  |  |  |
Net actuarial loss | $ | 2,402 |  |  | $ | 121,292 |  |  | $ | 7,419 |  |  | $ | 281,745 |
Pre-tax components recognized in other comprehensive income for the period: |  |  |  |  |  |  |
Current year actuarial gain | $ | (4,259) |  |  | $ | (148,515) |  |  | $ | (1,887) |  |  | $ | (181,518) |
Actuarial loss recognized | (758) |  |  | (4,272) |  |  | (1,118) |  |  | (12,832) |
Prior service cost recognized | — |  |  | (7,666) |  |  | — |  |  | (3,457) |
Total amount recognized | $ | (5,017) |  |  | $ | (160,453) |  |  | $ | (3,005) |  |  | $ | (197,807) |
Accumulated Benefit Obligation | $ | 27,550 |  |  | $ | 946,136 |  |  | $ | 36,423 |  |  | $ | 1,544,117 |
Salary growth rate | n/a |  | 0.8 | % |  | n/a |  | 0.8 | %
Assumed discount rate | 4.9 | % |  | 4.8 | % |  | 2.6 | % |  | 1.9 | %
Expected return on assets | 6.0 | % |  | 6.2 | % |  | 6.0 | % |  | 6.2 | %
Schedule of Allocation of Plan Assets | The assets of the plans were invested in the following classes of securities (none of which were securities of the company): U.S. Plans:
| Target Allocation |  | Percentage of Plan Assets
|  |  | 2022 |  | 2021
Equity | 48 | % |  | 45 | % |  | 53 | %
Fixed income | 40 |  |  | 40 |  |  | 36 |
Money market | 4 |  |  | 5 |  |  | 1 |
Other (real estate investment trusts & commodities contracts) | 8 |  |  | 10 |  |  | 10 |
| 100 | % |  | 100 | % |  | 100 | %
Non-U.S. Plans:
| Target Allocation |  | Percentage of Plan Assets
|  |  | 2022 |  | 2021
Equity | 17 | % |  | 10 | % |  | 11 | %
Fixed income | 38 |  |  | 55 |  |  | 56 |
Alternatives/Other | 32 |  |  | 19 |  |  | 15 |
Real Estate | 13 |  |  | 10 |  |  | 15 |
Cash and cash equivalents | — |  |  | 6 |  |  | 3 |
| 100 | % |  | 100 | % |  | 100 | %
Pension Plans Fair Value Of Investments | The following tables summarize the basis used to measure the pension plans’ assets at fair value as of December 31, 2022 and January 1, 2022 (in thousands): U.S. Plans:
|  | Fiscal 2022 |  | Fiscal 2021
Asset Category |  | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Net Asset Value |  | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Net Asset Value
Short Term Investment Fund (a) |  | $ | 771 |  |  | $ | — |  |  | $ | 771 |  |  | $ | 274 |  |  | $ | — |  |  | $ | 274 |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |
Large Cap |  | 2,818 |  |  | 2,818 |  |  | — |  |  | 3,928 |  |  | 3,928 |  |  | — |
Mid Cap |  | 555 |  |  | 555 |  |  | — |  |  | 413 |  |  | 413 |  |  | — |
Small Cap |  | 329 |  |  | 329 |  |  | — |  |  | 424 |  |  | 424 |  |  | — |
International |  | 3,002 |  |  | 3,002 |  |  | — |  |  | 4,918 |  |  | 4,918 |  |  | — |
Fixed Income: |  |  |  |  |  |  |  |  |  |  |  |
Government/Corporate |  | 4,973 |  |  | 4,973 |  |  | — |  |  | 5,137 |  |  | 5,137 |  |  | — |
High Yield |  | 1,041 |  |  | 1,041 |  |  | — |  |  | 1,383 |  |  | 1,383 |  |  | — |
Alternative: |  |  |  |  |  |  |  |  |  |  |  |
Global Real Estate Investment Trust |  | 602 |  |  | 602 |  |  | — |  |  | 758 |  |  | 758 |  |  | — |
Commodities Contracts |  | 907 |  |  | 907 |  |  | — |  |  | 1,054 |  |  | 1,054 |  |  | — |
Total |  | $ | 14,998 |  |  | $ | 14,227 |  |  | $ | 771 |  |  | $ | 18,289 |  |  | $ | 18,015 |  |  | $ | 274 |
(a)Represents collective short term investment fund, composed of high-grade money market instruments with short maturities. Non-U.S. Plans:
|  | Fiscal 2022
Asset Category |  | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Net Asset Value
Cash and cash equivalents |  | $ | 52,041 |  |  | $ | 5,372 |  |  | $ | 7,372 |  |  | $ | — |  |  | $ | 39,297 |
Equity Securities: |  |  |  |  |  |  |  |  |  |
UK |  | 3,677 |  |  | 68 |  |  | — |  |  | — |  |  | 3,609 |
International: |  |  |  |  |  |  |  |  |  |
Developed |  | 70,611 |  |  | 2,634 |  |  | — |  |  | — |  |  | 67,977 |
Emerging |  | 18,642 |  |  | 298 |  |  | — |  |  | — |  |  | 18,344 |
Unquoted/Private Equity |  | 2,083 |  |  | — |  |  | — |  |  | — |  |  | 2,083 |
Fixed Income: |  |  |  |  |  |  |  |  |  |
Government/Corporate: |  |  |  |  |  |  |  |  |  |
UK |  | 191,868 |  |  | 8,933 |  |  | — |  |  | — |  |  | 182,935 |
International |  | 127,485 |  |  | — |  |  | — |  |  | — |  |  | 127,485 |
Index Linked |  | 199,220 |  |  | 1,433 |  |  | — |  |  | — |  |  | 197,787 |
Other |  | 1,806 |  |  | — |  |  | — |  |  | — |  |  | 1,806 |
Real Estate: |  |  |  |  |  |  |  |  |  |
Direct |  | 83,280 |  |  | — |  |  | 83,280 |  |  | — |  |  | — |
Indirect |  | 5,073 |  |  | 58 |  |  | — |  |  | — |  |  | 5,015 |
Hedge Fund Strategy: |  |  |  |  |  |  |  |  |  |
Equity Long/Short |  | 30,266 |  |  | — |  |  | — |  |  | — |  |  | 30,266 |
Arbitrage & Event |  | 22,398 |  |  | — |  |  | — |  |  | — |  |  | 22,398 |
Directional Trading & Fixed Income |  | 6,099 |  |  | — |  |  | — |  |  | — |  |  | 6,099 |
Cash & Other |  | 169,504 |  |  | — |  |  | — |  |  | — |  |  | 169,504 |
Direct Sourcing |  | 4,014 |  |  | — |  |  | — |  |  | — |  |  | 4,014 |
Leveraged Loans |  | 8,539 |  |  | — |  |  | — |  |  | — |  |  | 8,539 |
Alternative/Other |  | (52,849) |  |  | 1,583 |  |  | — |  |  | — |  |  | (54,432) |
Total |  | $ | 943,757 |  |  | $ | 20,379 |  |  | $ | 90,652 |  |  | $ | — |  |  | $ | 832,726 |
|  | Fiscal 2021
Asset Category |  | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Net Asset Value
Cash and cash equivalents |  | $ | 51,780 |  |  | $ | 6,566 |  |  | $ | 5,092 |  |  | $ | — |  |  | $ | 40,122 |
Equity Securities: |  |  |  |  |  |  |  |  |  |
UK |  | 6,470 |  |  | 1,878 |  |  | — |  |  | — |  |  | 4,592 |
International: |  |  |  |  |  |  |  |  |  |
Developed |  | 117,751 |  |  | 3,034 |  |  | — |  |  | — |  |  | 114,717 |
Emerging |  | 31,392 |  |  | 435 |  |  | — |  |  | — |  |  | 30,957 |
Unquoted/Private Equity |  | 2,195 |  |  | 1 |  |  | — |  |  | — |  |  | 2,194 |
Fixed Income: |  |  |  |  |  |  |  |  |  |
Government/Corporate: |  |  |  |  |  |  |  |  |  |
UK |  | 259,833 |  |  | 15,471 |  |  | — |  |  | — |  |  | 244,362 |
International |  | 114,973 |  |  | — |  |  | — |  |  | — |  |  | 114,973 |
Index Linked |  | 364,666 |  |  | 2,138 |  |  | — |  |  | — |  |  | 362,528 |
Other |  | 7,811 |  |  | — |  |  | — |  |  | — |  |  | 7,811 |
Convertible Bonds |  | 185 |  |  | — |  |  | — |  |  | — |  |  | 185 |
Real Estate: |  |  |  |  |  |  |  |  |  |
Direct |  | 183,045 |  |  | — |  |  | 183,045 |  |  | — |  |  | — |
Indirect |  | 8,030 |  |  | 80 |  |  | 3,038 |  |  | — |  |  | 4,912 |
Hedge Fund Strategy: |  |  |  |  |  |  |  |  |  |
Equity Long/Short |  | 29,345 |  |  | — |  |  | — |  |  | — |  |  | 29,345 |
Arbitrage & Event |  | 25,788 |  |  | — |  |  | — |  |  | — |  |  | 25,788 |
Directional Trading & Fixed Income |  | 3,266 |  |  | — |  |  | — |  |  | — |  |  | 3,266 |
Cash & Other |  | 196,930 |  |  | — |  |  | — |  |  | — |  |  | 196,930 |
Direct Sourcing |  | 1,156 |  |  | — |  |  | — |  |  | — |  |  | 1,156 |
Leveraged Loans |  | 30,224 |  |  | — |  |  | — |  |  | — |  |  | 30,224 |
Alternative/Other |  | (92,239) |  |  | 453 |  |  | — |  |  | — |  |  | (92,692) |
Total |  | $ | 1,342,601 |  |  | $ | 30,056 |  |  | $ | 191,175 |  |  | $ | — |  |  | $ | 1,121,370 |
Schedule of Expected Benefit Payments | Estimated future benefit payments under the plans are as follows (dollars in thousands):
| U.S. Plans |  | Non-U.S. Plans
2023 | $ | 1,814 |  |  | $ | 55,341 |
2024 | 1,822 |  |  | 55,551 |
2025 | 1,841 |  |  | 56,522 |
2026 | 1,784 |  |  | 56,243 |
2027 through 2032 | 11,573 |  |  | 338,542 |

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