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Pension and Other Postretirement Benefit Plans (Tables) | 9 Months Ended
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Oct. 02, 2021
Retirement Benefits [Abstract] |
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 |  | Nine Months Ended
| October 2, 2021 |  | October 3, 2020 |  | October 2, 2021 |  | October 3, 2020
| U.S. |  | Foreign |  | U.S. |  | Foreign |  | U.S. |  | Foreign |  | U.S. |  | Foreign
Service cost | $ | — |  |  | $ | 1.2 |  |  | $ | 0.1 |  |  | $ | 1.2 |  |  | $ | — |  |  | $ | 3.9 |  |  | $ | 0.1 |  |  | $ | 3.6 |
Interest cost | 3.7 |  |  | 2.6 |  |  | 4.1 |  |  | 3.1 |  |  | 10.9 |  |  | 7.9 |  |  | 12.3 |  |  | 9.2 |
Expected return on plan assets | (5.9) |  |  | (4.9) |  |  | (5.4) |  |  | (4.9) |  |  | (17.7) |  |  | (14.7) |  |  | (16.0) |  |  | (14.8) |
Amortization of actuarial loss | 1.0 |  |  | 1.5 |  |  | 0.6 |  |  | 1.2 |  |  | 2.9 |  |  | 4.6 |  |  | 1.7 |  |  | 3.5 |
Settlement loss | — |  |  | — |  |  | — |  |  | 10.2 |  |  | 0.4 |  |  | — |  |  | 0.3 |  |  | 10.2 |
Net periodic benefit (credit) cost | $ | (1.2) |  |  | $ | 0.4 |  |  | $ | (0.6) |  |  | $ | 10.8 |  |  | $ | (3.5) |  |  | $ | 1.7 |  |  | $ | (1.6) |  |  | $ | 11.7 |
In the three and nine months ended October 3, 2020, the Company recognized a pension benefit plan settlement loss of $10.2 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 |  | Nine Months Ended
| October 2, 2021 |  | October 3, 2020 |  | October 2, 2021 |  | October 3, 2020
| U.S. |  | Foreign |  | U.S. |  | Foreign |  | U.S. |  | Foreign |  | U.S. |  | Foreign
Interest cost | $ | 0.3 |  |  | $ | 0.1 |  |  | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 1.0 |  |  | $ | 0.5 |  |  | $ | 1.3 |  |  | $ | 0.6 |
Amortization of actuarial gain | (0.2) |  |  | — |  |  | (0.4) |  |  | — |  |  | (0.8) |  |  | — |  |  | (1.2) |  |  | — |
Amortization of prior service credit | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | (0.1) |  |  | — |
Net periodic benefit cost | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.1 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | 0.6 |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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