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Defined Benefit Plans
 6 Months Ended
Jun. 29, 2024
Retirement Benefits [Abstract]  
Defined Benefit Plans

11. Defined Benefit Plans

The components of net periodic benefit income for pension benefits for the twenty-six and thirteen weeks ended June 29, 2024 and July 1, 2023 were as follows:

 

 

Pension Benefits

 

(In millions)

Twenty-Six Weeks Ended June 29, 2024

 

 

Twenty-Six Weeks Ended July 1, 2023

 

 

Thirteen Weeks Ended June 29, 2024

 

 

Thirteen Weeks Ended July 1, 2023

 

Service cost

$

-

 

 

$

0.1

 

 

$

-

 

 

$

0.1

 

Interest cost

 

12.3

 

 

 

13.6

 

 

 

6.2

 

 

 

6.7

 

Expected return on plan assets

 

(16.5

)

 

 

(14.3

)

 

 

(8.3

)

 

 

(7.1

)

Net periodic benefit income

$

(4.2

)

 

$

(0.6

)

 

$

(2.1

)

 

$

(0.3

)

 

Service cost relates to benefit accruals in an hourly union defined benefit plan in our Security segment. All other defined benefit pension plans were frozen as of December 31, 2016.