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Employee Benefit Plans
 9 Months Ended
Sep. 25, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Employee Benefit Plans Employee 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., Canada and France. 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, along with certain assumptions about future events.
During 2019, the Company settled certain Canadian pension liabilities through the purchase of annuity contracts with an insurance company. The settlement received final government approval, resulting in the recognition of a $1 million loss during the nine months ended September 25, 2021. The settlement was recognized in “Other components of net periodic benefit costs” in our Consolidated Statement of Income and Comprehensive Income for the nine months ended September 25, 2021.
The components of net periodic benefit costs from these plans that have been recorded are shown in the following table:
PensionPostretirement
Three Months EndedThree Months Ended
Components of Net Periodic Benefit CostSeptember 25, 2021September 26, 2020September 25, 2021September 26, 2020
Service cost$2,619 $2,293 $358 $340 
Interest cost4,287 5,875 179 (2,012)
Expected return on plan assets(9,586)(9,284)— — 
Amortization of prior service cost176 179 (38)(38)
Amortization of losses4,084 3,428 5 (47)
Pension settlement loss (gain)90 — — — 
Total net periodic benefit cost$1,670 $2,491 $504 $(1,757)
PensionPostretirement
Nine Months EndedNine Months Ended
Components of Net Periodic Benefit CostSeptember 25, 2021September 26, 2020September 25, 2021September 26, 2020
Service cost$7,800 $6,774 $1,083 $1,013 
Interest cost13,138 17,621 530 (1,583)
Expected return on plan assets(28,865)(27,896)— — 
Amortization of prior service cost527 537 (115)(115)
Amortization of losses12,247 10,282 11 (138)
Pension settlement loss (gain)980 — — — 
Total net periodic benefit cost$5,828 $7,318 $1,510 $(823)
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 and amortization of losses are included in other components of pension and OPEB, excluding service cost on the consolidated statement of income.