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Defined Benefit Plans
6 Months Ended
Jul. 01, 2023
Retirement Benefits [Abstract]  
Defined Benefit Plans

11. Defined Benefit Plans

The components of net periodic benefit income for pension benefits for the twenty-six and thirteen weeks ended July 1, 2023 and six and three months ended June 30, 2022 were as follows:

 

 

Pension Benefits

 

(In millions)

Twenty-Six Weeks Ended July 1, 2023

 

 

Six Months Ended June 30, 2022

 

 

Thirteen Weeks Ended July 1, 2023

 

 

Three Months Ended June 30, 2022

 

Service cost

$

0.1

 

 

$

0.2

 

 

$

0.1

 

 

$

0.1

 

Interest cost

 

13.6

 

 

 

10.2

 

 

 

6.7

 

 

 

5.1

 

Expected return on plan assets

 

(14.3

)

 

 

(14.1

)

 

 

(7.1

)

 

 

(7.1

)

Net periodic benefit income

$

(0.6

)

 

$

(3.7

)

 

$

(0.3

)

 

$

(1.9

)

 

Service cost relates to benefit accruals in an hourly Union defined benefit plan in our Security segment. All other defined benefit pension plans were frozen as of December 31, 2016.