Pension And Other Benefit Plans

9 Months Ended

Oct. 02, 2020

Retirement Benefits [Abstract]

Pension and Other Benefit Plans

PENSION AND OTHER BENEFIT PLANS

The following sets forth the components of the Company’s net periodic benefit costs of the defined benefit pension plans ($ in millions):

Components of net periodic pension cost:

	Three Month Period Ended				Nine Month Period Ended
($ in millions)	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019
Service cost	$	(2.6)	$	(2.2)	$	(7.8)	$	(6.8)
Interest cost	(0.5)		(0.5)		(1.3)		(1.6)
Expected return on plan assets	1.0		0.7		2.8		2.3
Amortization of initial net obligation	—		—		(0.2)		(0.1)
Amortization of prior service credit	0.1		0.1		0.3		0.1
Amortization of actuarial loss	(0.5)		(0.1)		(1.3)		(0.3)
Curtailment and settlement gains recognized	0.1		—		0.1		1.2
Net periodic pension cost	$	(2.4)	$	(2.0)	$	(7.4)	$	(5.2)

The net periodic benefit costs are reflected in the following captions in the accompanying Condensed Consolidated and Combined Statements of Operations ($ in millions):

	Three Month Period Ended				Nine Month Period Ended
	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019
Service cost:
Selling, general and administrative expenses	$	(2.6)	$	(2.2)	$	(7.8)	$	(6.8)
Other net periodic pension costs:
Nonoperating income (expense), net	0.2		0.2		0.4		1.6
Total	$	(2.4)	$	(2.0)	$	(7.4)	$	(5.2)