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Pension and Other Postretirement Benefit Plans (Tables)

9 Months Ended

Sep. 28, 2024

Retirement Benefits [Abstract]

Schedule of 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
			September 28, 2024												September 30, 2023												September 28, 2024												September 30, 2023
			U.S.						Foreign						U.S.						Foreign						U.S.						Foreign						U.S.						Foreign
Service cost			$	—					$	1.0					$	—					$	0.8					$	—					$	3.0					$	—					$	2.4
Interest cost			5.1						3.9						5.2						4.3						15.3						11.7						15.6						12.6
Expected return on plan assets			(5.4)						(3.7)						(5.0)						(4.1)						(16.1)						(11.1)						(15.2)						(12.2)
Amortization of actuarial loss			0.3						0.5						0.2						0.4						0.7						1.5						0.7						1.4
Settlement gain			—						—						—						—						(0.1)						—						(0.1)						—
Net periodic benefit (credit) cost			$	—					$	1.7					$	0.4					$	1.4					$	(0.2)					$	5.1					$	1.0					$	4.2

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

			Three Months Ended																								Nine Months Ended
			September 28, 2024												September 30, 2023												September 28, 2024												September 30, 2023
			U.S.						Foreign						U.S.						Foreign						U.S.						Foreign						U.S.						Foreign
Interest cost			$	0.4					$	0.1					$	0.3					$	0.2					$	1.1					$	0.5					$	1.1					$	0.7
Amortization of actuarial gain			(0.8)						—						(0.8)						—						(2.3)						(0.2)						(2.5)						(0.1)
Amortization of prior service credit			—						—						—						—						(0.1)						—						(0.1)						—
Net periodic benefit (credit) cost			$	(0.4)					$	0.1					$	(0.5)					$	0.2					$	(1.3)					$	0.3					$	(1.5)					$	0.6

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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
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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