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Pension and Other Postretirement Plans (Tables) | 9 Months Ended
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Sep. 29, 2024
Retirement Benefits [Abstract] |
Schedule of Net Benefit Costs | The components of net periodic cost (benefit) for pension and other postretirement plans for the thirteen and thirty-nine weeks ended September 29, 2024 and September 24, 2023, respectively, are as set forth in the tables below. Service cost is classified as either a component of cost of products sold or within selling, general and administrative expenses in the condensed consolidated statements of income, based on the nature of the job responsibilities of the associates participating in the plans. All other components of net periodic cost (benefit) are classified as other income, net in the condensed consolidated statements of income.
|  | Pension Benefits |  | Postretirement Benefits
|  | 13 Weeks Ended |  | 13 Weeks Ended
(U.S. Dollars presented in millions) |  | September 29, 2024 |  | September 24, 2023 |  | September 29, 2024 |  | September 24, 2023
Service cost |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.1 |
Interest cost |  | 1.3 |  |  | 1.7 |  |  | 0.1 |  |  | 0.1 |
Expected return on plan assets |  | (1.0) |  |  | (1.8) |  |  | — |  |  | — |
Net periodic cost (benefit) |  | $ | 0.3 |  |  | $ | (0.1) |  |  | $ | 0.2 |  |  | $ | 0.2 |
|  | Pension Benefits |  | Postretirement Benefits
|  | 39 Weeks Ended |  | 39 Weeks Ended
(U.S. Dollars presented in millions) |  | September 29, 2024 |  | September 24, 2023 |  | September 29, 2024 |  | September 24, 2023
Service cost |  | $ | — |  |  | $ | — |  |  | $ | 0.4 |  |  | $ | 0.3 |
Interest cost |  | 3.9 |  |  | 4.9 |  |  | 0.3 |  |  | 0.2 |
Expected return on plan assets |  | (3.1) |  |  | (5.3) |  |  | — |  |  | — |
Net periodic cost (benefit) |  | $ | 0.8 |  |  | $ | (0.4) |  |  | $ | 0.7 |  |  | $ | 0.5 |

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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 + Details
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