EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 29, 2012

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

Defined Benefit Plans - As of September 29, 2012, the Company maintained two domestic pension plans and three German pension plans. The Company uses a December 31 measurement date for these plans.

Other Benefits - The Company's other postretirement benefit plan provides health and life insurance benefits to domestic employees hired prior to 1992.

Effective for 2012, the Company redesigned certain U.S. retirement plan offerings. The redesign was completed in order to increase standardization of retirement plans among U.S. salaried employees and to reduce the expected cash funding volatility of retirement plans, while at the same time keeping in place a competitive retirement plan offering to attract and retain talent. The Company achieved this by freezing benefit accruals under both the Basic Pension Plan and the Cash Balance Plan as of December 31, 2011, with the exception of a limited number of Basic Pension Plan participants who will continue to accrue benefits over a five year sunset period. Also effective December 31, 2011, the Cash Balance Plan was closed to new participants (the Basic Retirement Plan was previously closed to new participants in 2006). The Basic Retirement Plan and Cash Balance Plan were merged effective December 31, 2011. As of January 1, 2012, the Company instituted a new service-based contribution, supplemental to the existing Company match for employees, into the defined contribution retirement plan offerings.

The following table sets forth the aggregated net periodic benefit cost for all pension plans for the third quarter and nine months ended September 29, 2012 and October 1, 2011, respectively:

(In millions)	Pension Benefits
	Third Quarter Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Service cost	$	0.4		$	0.7		$	1.2		$	2.6
Interest cost	2.2			2.0			6.4			7.2
Expected return on assets	(2.7		)	(2.3		)	(7.9		)	(8.8		)
Amortization of transition obligation	—			—			—			—
Prior service cost	—			—			—			0.1
Loss	0.5			0.8			1.5			2.7
Total net periodic benefit cost	$	0.4		$	1.2		$	1.2		$	3.8

(In millions)	Other Benefits
	Third Quarter Ended				Nine Months Ended
	September 29, 2012		October 1, 2011		September 29, 2012		October 1, 2011
Service cost	$	0.1	$	—	$	0.1	$	—
Interest cost	0.1		0.2		0.4		0.5
Expected return on assets	—		—		—		—
Amortization of transition obligation	—		—		0.1		0.1
Prior service cost	—		0.1		0.2		0.1
Loss	0.1		0.1		0.1		0.1
Total net periodic benefit cost	$	0.3	$	0.4	$	0.9	$	0.8

In the nine months ended September 29, 2012, the Company made contributions to the funded plans of $4.8 million. The amount of contributions to be made to the plans during calendar year 2012 was finalized September 15, 2012, based upon the plans' year-end valuation at December 31, 2011, and the funding level required for the plan year ended December 31, 2011.