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Pension and Other Postretirement Benefit Plans
6 Months Ended
Jul. 04, 2020
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefit Plans Pension and Other Postretirement Benefit Plans
The Company sponsors defined benefit pension plans and other postretirement benefit plans (primarily for the continuation of medical benefits) for eligible employees in the United States and certain other countries.
Net Periodic Pension and Other Postretirement Benefit (Credit) Cost
The components of the Company’s net periodic pension benefit (credit) cost are shown below (in millions):
 
Three Months Ended
 
Six Months Ended
 
July 4, 2020
 
June 29, 2019
 
July 4, 2020
 
June 29, 2019
 
U.S.
 
Foreign
 
U.S.
 
Foreign
 
U.S.
 
Foreign
 
U.S.
 
Foreign
Service cost
$

 
$
1.2

 
$

 
$
1.6

 
$

 
$
2.4

 
$

 
$
3.2

Interest cost
4.1

 
3.0

 
4.7

 
3.6

 
8.2

 
6.1

 
9.3

 
7.3

Expected return on plan assets
(5.3
)
 
(4.9
)
 
(5.1
)
 
(5.2
)
 
(10.6
)
 
(9.9
)
 
(10.1
)
 
(10.4
)
Amortization of actuarial loss
0.5

 
1.2

 
0.4

 
1.9

 
1.1

 
2.3

 
0.9

 
3.9

Settlement loss

 

 

 

 
0.3

 

 
0.1

 

Net periodic benefit (credit) cost
$
(0.7
)
 
$
0.5

 
$

 
$
1.9

 
$
(1.0
)
 
$
0.9

 
$
0.2

 
$
4.0


The components of the Company’s net periodic other postretirement benefit (credit) cost are shown below (in millions):
 
Three Months Ended
 
Six Months Ended
 
July 4, 2020
 
June 29, 2019
 
July 4, 2020
 
June 29, 2019
 
U.S.
 
Foreign
 
U.S.
 
Foreign
 
U.S.
 
Foreign
 
U.S.
 
Foreign
Service cost
$

 
$

 
$

 
$

 
$

 
$

 
$

 
$
0.1

Interest cost
0.4

 
0.2

 
0.6

 
0.4

 
0.8

 
0.4

 
1.1

 
0.7

Amortization of actuarial gain
(0.4
)
 

 
(0.5
)
 

 
(0.8
)
 

 
(1.1
)
 

Amortization of prior service credit
(0.1
)
 

 
(0.1
)
 
(0.1
)
 
(0.1
)
 

 
(0.1
)
 
(0.1
)
Net periodic benefit (credit) cost
$
(0.1
)
 
$
0.2

 
$

 
$
0.3

 
$
(0.1
)
 
$
0.4

 
$
(0.1
)
 
$
0.7


Contributions
In the six months ended July 4, 2020, employer contributions to the Company’s domestic and foreign defined benefit pension plans were $5.1 million.
The Company has elected to defer its contributions to its U.S. defined benefit pension plans to the extent possible under the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). The Company expects contributions to its domestic and foreign defined benefit pension plans to be $10 million to $20 million in 2020.