Pension Plans and Postretirement Benefits (Tables)

3 Months Ended

Apr. 04, 2021

Retirement Benefits [Abstract]

Defined Benefit Pension Plans and Postretirement Benefit Plans

	First Quarter
	2021		2020
Service cost — benefits earned during the period (in millions)	$	2.7	$	2.6
Pension non-service income (in millions):
Interest cost on benefit obligation	$	5.6	$	6.9
Expected return on plan assets	(14.3)		(14.3)
Amortization of prior service cost	(0.8)		(1.5)
Amortization of net actuarial loss	6.7		5.7
Curtailment/settlements	—		0.7
Pension non-service income	$	(2.8)	$	(2.5)

Teledyne sponsors several postretirement defined benefit plans that provide health care and life insurance benefits for certain eligible retirees. Postretirement benefits non-service expense is not material.