Pension and Other Postretirement Benefit Plans

6 Months Ended

Jul. 02, 2016

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
	July 2, 2016						June 27, 2015						July 2, 2016						June 27, 2015
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Service cost	$	1.4		$	1.7		$	1.2		$	2.5		$	2.8		$	3.2		$	2.4		$	4.6
Interest cost	7.5			4.2			7.2			5.0			14.9			8.1			14.3			8.9
Expected return on plan assets	(9.5		)	(6.0		)	(9.9		)	(8.1		)	(19.0		)	(11.6		)	(19.7		)	(14.0		)
Amortization of actuarial loss	0.7			0.8			0.7			1.2			1.4			1.5			1.3			2.3
Curtailment loss	—			—			—			7.7			—			—			—			7.7
Settlement loss	—			—			—			—			0.2			—			0.1			—
Net periodic benefit cost (credit)	$	0.1		$	0.7		$	(0.8	)	$	8.3		$	0.3		$	1.2		$	(1.6	)	$	9.5

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



	Three Months Ended												Six Months Ended
	July 2, 2016						June 27, 2015						July 2, 2016						June 27, 2015
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Service cost	$	0.1		$	0.1		$	—		$	0.3		$	0.1		$	0.3		$	0.1		$	0.5
Interest cost	0.7			0.4			0.8			0.4			1.5			0.8			1.5			0.8
Amortization of actuarial (gain) loss	(0.3		)	—			(0.3		)	0.1			(0.6		)	0.1			(0.6		)	0.3
Amortization of prior service credit	—			(0.1		)	—			(0.1		)	—			(0.2		)	—			(0.2		)
Special termination benefits	—			0.3			—			—			—			0.3			—			—
Net periodic benefit cost	$	0.5		$	0.7		$	0.5		$	0.7		$	1.0		$	1.3		$	1.0		$	1.4

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.

Contributions

Employer contributions to the Company’s domestic and foreign defined benefit pension plans for the six months ended July 2, 2016, were $6.9 million. The Company expects contributions to its domestic and foreign defined benefit pension plans to be approximately $10 million to $15 million in 2016. 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.