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EMPLOYEE BENEFIT PLANS
9 Months Ended
Sep. 30, 2017
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
Defined Benefit Plans - As of September 30, 2017, the Company maintained two domestic pension plans and three German pension plans. The Company used a December 31, 2016 measurement date for these plans. One of the Company's domestic pension plans covers one active management employee, while the other domestic plan covers all eligible employees (plan was frozen as of December 31, 2011). The two domestic and three German plans collectively comprise the 'Pension Benefits' disclosure caption.

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

The following table sets forth the aggregated net periodic benefit cost for all pension plans for the third quarters and nine months ended September 30, 2017 and October 1, 2016:
(In millions)
Pension Benefits
 
Third Quarter Ended
 
Nine Months Ended
 
September 30, 2017
 
October 1, 2016
 
September 30, 2017
 
October 1, 2016
Service cost
$
0.2

 
$
0.3

 
$
0.5

 
$
0.8

Interest cost
1.4

 
1.6

 
4.3

 
4.7

Expected return on assets
(2.2
)
 
(2.3
)
 
(6.7
)
 
(7.0
)
Amortization of:
 
 
 
 
 
 
 
Prior service cost

 

 

 

Actuarial loss
0.7

 
0.6

 
2.0

 
1.9

Settlement cost

 
0.3

 

 
0.9

Net periodic benefit cost
$
0.1

 
$
0.5

 
$
0.1

 
$
1.3

 
 
 
 
 
 
 
 

In the nine months ended September 30, 2017, the Company made contributions of $2.2 million to the funded plans. The amount of contributions to be made to the plans during the calendar year 2017 were finalized by September 15, 2017, based upon the funding level requirements identified and year-end valuation performed at December 31, 2016.

The following table sets forth the aggregated net periodic benefit cost for the post-retirement benefit plan for the third quarters and nine months ended September 30, 2017 and October 1, 2016:

(In millions)
Other Benefits
 
Third Quarter Ended
 
Nine Months Ended
 
September 30, 2017
 
October 1, 2016
 
September 30, 2017
 
October 1, 2016
Service cost
$

 
$

 
$

 
$

Interest cost

 
0.1

 
0.2

 
0.3

Expected return on assets

 

 

 

Amortization of:
 
 
 
 
 
 
 
Prior service cost
0.1

 
0.1

 
0.3

 
0.3

Actuarial loss

 

 

 

Settlement cost

 

 

 

Net periodic benefit cost
$
0.1

 
$
0.2

 
$
0.5

 
$
0.6