Pension and Other Postretirement Benefit Plans

6 Months Ended

Jun. 27, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefit Plans

Net Periodic Pension and Other Postretirement Benefit Cost (Credit)

The components of the Company’s net periodic pension benefit cost (credit) are shown below (in millions):



	Three Months Ended												Six Months Ended
	June 27, 2015						June 28, 2014						June 27, 2015						June 28, 2014
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Service cost	$	1.2		$	2.5		$	0.9		$	2.1		$	2.4		$	4.6		$	1.8		$	4.3
Interest cost	7.2			5.0			7.1			5.2			14.3			8.9			14.2			10.3
Expected return on plan assets	(9.9		)	(8.1		)	(9.5		)	(6.8		)	(19.7		)	(14.0		)	(19.0		)	(13.5		)
Amortization of actuarial (gain) loss	0.7			1.2			—			0.3			1.3			2.3			(0.1		)	0.6
Curtailment loss	—			7.7			—			—			—			7.7			—			—
Settlement loss	—			—			—			—			0.1			—			0.1			—
Net periodic benefit cost (credit)	$	(0.8	)	$	8.3		$	(1.5	)	$	0.8		$	(1.6	)	$	9.5		$	(3.0	)	$	1.7

For the three and six months ended June 27, 2015, the Company recognized pension benefit curtailment losses of $7.7 million related to its restructuring actions.

The components of the Company’s net periodic other postretirement benefit cost are shown below (in millions):



	Three Months Ended												Six Months Ended
	June 27, 2015						June 28, 2014						June 27, 2015						June 28, 2014
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Service cost	$	—		$	0.3		$	—		$	0.2		$	0.1		$	0.5		$	0.1		$	0.4
Interest cost	0.8			0.4			1.0			0.5			1.5			0.8			2.0			1.0
Amortization of actuarial (gain) loss	(0.3		)	0.1			(0.2		)	0.1			(0.6		)	0.3			(0.4		)	0.1
Amortization of prior service credit	—			(0.1		)	—			(0.1		)	—			(0.2		)	—			(0.2		)
Special termination benefits	—			—			—			—			—			—			—			0.2
Net periodic benefit cost	$	0.5		$	0.7		$	0.8		$	0.7		$	1.0		$	1.4		$	1.7		$	1.5

Contributions

Employer contributions to the Company’s domestic and foreign pension plans for the six months ended June 27, 2015, were $14.9 million. The Company expects contributions to its domestic and foreign pension plans of approximately $20 million in 2015. The Company may elect to make contributions in excess of minimum funding requirements in response to investment performance or changes in interest rates or when the Company believes that it is financially advantageous to do so and based on its other cash requirements.

Employer contributions to the Company’s defined contribution retirement program for its salaried employees, determined as a percentage of each covered employee’s eligible compensation, for the six months ended June 27, 2015, were $10.9 million. The Company expects total contributions of approximately $19 million to this program in 2015.