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Defined Benefit Plans
 6 Months Ended
Jul. 03, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Defined Benefit Plans
DEFINED BENEFIT PLANS
The following sets forth the components of the Company’s net periodic benefit cost of the noncontributory defined benefit pension plans ($ in millions):
U.S. Pension Benefits
 
 
 
 
Three Months Ended
 
Six Months Ended
 
July 3, 2015
 
June 27, 2014
 
July 3, 2015
 
June 27, 2014
Service cost
$
1.5

 
$
1.5

 
$
3.0

 
$
3.0

Interest cost
24.5

 
26.5

 
48.6

 
53.0

Expected return on plan assets
(33.4
)
 
(32.3
)
 
(66.2
)
 
(64.6
)
Amortization of actuarial loss
6.5

 
4.6

 
13.0

 
9.2

Net periodic pension cost
$
(0.9
)

$
0.3


$
(1.6
)

$
0.6

 
 
 
 
 
 
 
 
Non-U.S. Pension Benefits
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
July 3, 2015
 
June 27, 2014
 
July 3, 2015
 
June 27, 2014
Service cost
$
11.3

 
$
8.0

 
$
22.7

 
$
16.0

Interest cost
8.6

 
11.8

 
17.3

 
23.5

Expected return on plan assets
(9.5
)
 
(10.6
)
 
(19.0
)
 
(21.1
)
Amortization of actuarial loss
4.1

 
1.8

 
8.5

 
3.5

Amortization of prior service credit
—

 
—

 
(0.1
)
 
—

Settlement gain recognized
(0.1
)
 
—

 
(0.5
)
 
—

Net periodic pension cost
$
14.4

 
$
11.0

 
$
28.9

 
$
21.9

The following sets forth the components of the Company’s net periodic benefit cost of the other post-retirement employee benefit plans ($ in millions): 
 
Three Months Ended
 
Six Months Ended
 
July 3, 2015
 
June 27, 2014
 
July 3, 2015
 
June 27, 2014
Service cost
$
0.3

 
$
0.3

 
$
0.6

 
$
0.6

Interest cost
2.0

 
2.1

 
4.0

 
4.2

Amortization of actuarial loss
0.7

 
—

 
1.4

 
—

Amortization of prior service credit
(0.8
)
 
(1.0
)
 
(1.6
)
 
(2.0
)
Net periodic benefit cost
$
2.2

 
$
1.4

 
$
4.4

 
$
2.8


Net periodic pension and benefit costs are included in cost of sales and selling, general and administrative expenses in the accompanying Consolidated Condensed Statements of Earnings.
Employer Contributions
During 2015, the Company’s cash contribution requirements for its U.S. and non-U.S. defined benefit pension plans are expected to be approximately $25 million and $55 million, respectively. The ultimate amounts to be contributed depend upon, among other things, legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contribution, local practices, market conditions, interest rates and other factors.