Employee Benefit Plans

9 Months Ended

Sep. 28, 2019

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The Company has defined benefit pension and other postretirement plans covering certain union and non-union employees, primarily in the U.S., Canada and France. The defined benefit pension plans are closed to new participants. Employee defined benefit plan liabilities are calculated using actuarial estimates and management assumptions. These estimates are based on historical information, along with certain assumptions about future events.

The components of net periodic benefit costs from defined benefit plans that have been recorded are shown in the following table:

	Pension						Postretirement
	Three Months Ended						Three Months Ended
Components of Net Periodic Benefit Cost	September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Service cost	$	2,411		$	2,845		$	456		$	521
Interest cost	9,199			7,907			352			217
Expected return on plan assets	(13,110		)	(13,302		)	—			—
Amortization of prior service cost	142			143			(38		)	—
Amortization of losses	2,590			2,912			20			57
Amortization of negative plan amendment	—			—			—			—
Total net periodic benefit cost	$	1,232		$	505		$	790		$	795
	Pension						Postretirement
	Nine Months Ended						Nine Months Ended
Components of Net Periodic Benefit Cost	September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Service cost	$	7,339		$	8,605		$	1,387		$	1,978
Interest cost	27,949			23,885			1,072			675
Expected return on plan assets	(40,475		)	(40,166		)	—			—
Amortization of prior service cost	426			429			(115		)	—
Amortization of losses	7,768			8,735			61			172
Amortization of negative plan amendment	—			—			—			—
Total net periodic benefit cost	$	3,007		$	1,488		$	2,405		$	2,825

Service cost is included in cost of sales and selling, general and administrative expenses in the statements of income, as appropriate. Interest cost, expected return on plan assets, amortization of prior service cost, amortization of losses and amortization of negative plan amendment are included in Other components of pension and OPEB on the consolidated statement of income.