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Pension and Other Postretirement Benefit Plans (Tables)

6 Months Ended

Jul. 02, 2022

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																								Six Months Ended
			July 2, 2022												July 3, 2021												July 2, 2022												July 3, 2021
			U.S.						Foreign						U.S.						Foreign						U.S.						Foreign						U.S.						Foreign
Service cost			$	—					$	1.1					$	—					$	1.4					$	—					$	2.1					$	—					$	2.7
Interest cost			3.8						2.9						3.6						2.7						7.7						5.8						7.2						5.3
Expected return on plan assets			(5.9)						(4.4)						(5.9)						(5.0)						(11.9)						(8.8)						(11.8)						(9.8)
Amortization of actuarial loss			0.5						1.0						0.9						1.6						1.0						2.1						1.9						3.1
Settlement loss			—						—						—						—						0.4						—						0.4						—
Net periodic benefit (credit) cost			$	(1.6)					$	0.6					$	(1.4)					$	0.7					$	(2.8)					$	1.2					$	(2.3)					$	1.3

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, 2022												July 3, 2021												July 2, 2022												July 3, 2021
			U.S.						Foreign						U.S.						Foreign						U.S.						Foreign						U.S.						Foreign
Interest cost			$	0.4					$	0.2					$	0.4					$	0.2					$	0.8					$	0.4					$	0.7					$	0.4
Amortization of actuarial gain			(0.3)						—						(0.3)						—						(0.6)						—						(0.6)						—
Amortization of prior service credit			(0.1)						—						(0.1)						—						(0.1)						—						(0.1)						—
Net periodic benefit cost			$	—					$	0.2					$	—					$	0.2					$	0.1					$	0.4					$	—					$	0.4

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- References

No definition available.

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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 https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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