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v3.23.2

Retirement Plans (Notes) | 6 Months Ended
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Jul. 01, 2023
Retirement Benefits [Abstract] |
Retirement Plans | RETIREMENT PLANS The following is a summary of net pension and Supplemental Executive Retirement Plan (“SERP”) expense recognized by the Company.
| Quarter Ended |  | Year-To-Date Ended
(In millions) | July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Service cost pertaining to benefits earned during the period | $ | 0.8 |  |  | $ | 1.4 |  |  | $ | 1.6 |  |  | $ | 2.7 |
Interest cost on projected benefit obligations | 4.5 |  |  | 3.3 |  |  | 8.9 |  |  | 6.6 |
Expected return on pension assets | (4.7) |  |  | (5.2) |  |  | (9.3) |  |  | (10.3) |
Net amortization loss | (0.2) |  |  | 2.8 |  |  | (0.4) |  |  | 5.6 |
Net pension expense | $ | 0.4 |  |  | $ | 2.3 |  |  | $ | 0.8 |  |  | $ | 4.6 |
The non-service cost components of net pension expense is recorded in the Other expense (income), net line item on the consolidated condensed statements of operations and comprehensive income.

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