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Defined Benefit Plans
 3 Months Ended
Mar. 29, 2019
Retirement Benefits [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):
 
Three-Month Period Ended
 
March 29, 2019
 
March 30, 2018
U.S. pension benefits:
 
 
 
Service cost
$
(1.6
)
 
$
(2.1
)
Interest cost
(22.3
)
 
(20.2
)
Expected return on plan assets
31.6

 
33.1

Amortization of actuarial loss
(6.3
)
 
(7.8
)
Amortization of prior service cost
(0.2
)
 
(0.3
)
Net periodic pension benefit
$
1.2


$
2.7

 
 
 
 
Non-U.S. pension benefits:
 
 
 
Service cost
$
(8.1
)
 
$
(8.7
)
Interest cost
(6.7
)
 
(6.7
)
Expected return on plan assets
10.9

 
12.1

Amortization of actuarial gain (loss)
0.1

 
(1.5
)
Amortization of prior service (cost) credit
(1.2
)
 
0.1

Settlement loss recognized
—

 
(0.4
)
Net periodic pension cost
$
(5.0
)
 
$
(5.1
)
The following sets forth the components of the Company’s net periodic benefit cost of the other postretirement employee benefit plans ($ in millions): 
 
Three-Month Period Ended
 
March 29, 2019
 
March 30, 2018
Service cost
$
(0.1
)
 
$
(0.1
)
Interest cost
(1.2
)
 
(1.2
)
Amortization of prior service credit
0.5

 
0.6

Net periodic cost
$
(0.8
)
 
$
(0.7
)

The net periodic benefit cost of the noncontributory defined benefit pension plans and other postretirement employee benefit plans incurred during the three-month periods ended March 29, 2019 and March 30, 2018 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):
 
Three-Month Period Ended
 
March 29, 2019
 
March 30, 2018
Service cost:
 
 
 
Cost of sales
$
(2.0
)
 
$
(2.1
)
Selling, general and administrative expenses
(7.8
)
 
(8.8
)
Total service cost
(9.8
)
 
(10.9
)
Other net periodic benefit costs:
 
 
 
Other income, net
5.2

 
7.8

Total
$
(4.6
)
 
$
(3.1
)

Employer Contributions
During 2019, the Company’s cash contribution requirements for its U.S. and non-U.S. defined benefit pension plans are forecasted to be approximately $10 million and $50 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.