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Employee Benefit Plans
 3 Months Ended
Mar. 30, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Employee Benefit Plans
12. Employee Benefit Plans
Defined Benefit Plans
The Company has defined benefit pension and other long-term and postretirement benefit plans covering certain union and non-union employees, primarily in the U.S. and Canada. The defined benefit pension plans are closed to new participants. The liabilities for these plans are calculated using actuarial estimates and management assumptions. These estimates are based on historical information and certain assumptions about future events.
During the three months ended April 1, 2023, the Company recorded a $2 million loss related to the final asset surplus distribution to the plan participants of certain wound-up Canadian pension plans. The settlement was recognized in “components of pension and OPEB, excluding service costs” in the Company’s consolidated statements of operations.
The following table presents the components of net periodic benefit costs of these plans:
PensionPostretirement
Three Months EndedThree Months Ended
March 30, 2024April 1, 2023March 30, 2024April 1, 2023
Service cost$1,537 $1,217 $138 $287 
Interest cost6,923 7,145 248 357 
Expected return on plan assets(8,076)(7,922)— — 
Amortization of prior service cost (credit)205 37 (24)(24)
Amortization of gain(11)(122)(185)(54)
Pension settlement loss— 2,317 — — 
Net periodic benefit cost$578 $2,672 $177 $566 
Service cost is included in “cost of sales” or “selling, general and administrative expense” in the consolidated statements of operations, as appropriate. Interest cost, expected return on plan assets, amortization of prior service cost (credit) and amortization of gain are included in “components of pension and OPEB, excluding service costs” in the consolidated statements of operations.