v3.19.1
Net Periodic Benefit Cost-Defined Benefit Plans (Text Block)
 3 Months Ended
Mar. 29, 2019
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]
Net Periodic Benefit Cost - Defined Benefit Plans

The following table sets forth the components of total net periodic benefit cost of the Company’s defined benefit pension plans and other post-retirement employee benefit plans:
 
Three Months Ended
 
March 29, 2019
 
March 30, 2018
 
(In thousands)
Pension Benefits - U.S. Plans:
 
 
 
     Service cost
$
34

 
$
41

     Interest cost
1,798

 
1,811

     Expected return on plan assets
(2,660
)
 
(2,639
)
     Amortization
776

 
915

Net periodic benefit cost
$
(52
)
 
$
128

 
 
 
 
 Pension Benefits - Non-U.S. Plans:
 
 
 
     Service cost
$
529

 
$
629

     Interest cost
3,929

 
3,882

     Expected return on plan assets
(3,499
)
 
(4,675
)
     Settlement loss
43,774

 
—

     Amortization
126

 
268

Net periodic benefit cost
$
44,859

 
$
104

 
 
 
 
Other Post-Retirement Benefits:
 
 
 
     Service cost
$
1

 
$
7

     Interest cost
122

 
123

     Amortization
(37
)
 
(22
)
Net periodic benefit cost
$
86

 
$
108


During the three months ended March 29, 2019, the Company settled a non-U.S. pension plan, Howden Group Pension Plan (HGPP), in connection with a third-party buyout arrangement. As a result of the settlement, the Company is no longer responsible for any liabilities under HGPP and a loss of $43.8 million was recognized.