Retirement and Post Retirement Health Care Plans (Tables)

12 Months Ended

Dec. 30, 2017

Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]

Schedule Of Defined Benefit Pension Assets Investment

The Company's target allocation, target return and actual weighted-average asset allocation by asset category are as follows:

	Target				Actual Allocation
	Allocation		Return		2017		2016
Equity Investments	76	%	6.3 - 7.5 %		71	%	70	%
Fixed Income	19	%	3.6 - 4.5%		24	%	25	%
Other	5	%	5.4	%	5	%	5	%
Total	100	%	6.9	%	100	%	100	%

Schedule Of Reconciliation Of Funded Status Of The Defined Benefit Plans

The following table presents a reconciliation of the funded status of the defined benefit pension plans (in millions):

	2017			2016
Change in Projected Benefit Obligation:
Obligation at Beginning of Period	$	256.9		$	255.1
Service Cost	7.2			8.1
Interest Cost	9.3			9.8
Actuarial Loss	16.2			3.6
Less: Benefits Paid (1)	13.2			18.9
Foreign Currency Translation	1.6			(0.8		)
Obligation at End of Period:	$	278.0		$	256.9
Change in Fair Value of Plan Assets:
Fair Value of Plan Assets at Beginning of Period	160.3			162.1
Actual Return on Plan Assets	28.7			7.9
Employer Contributions	8.6			9.2
Less: Benefits Paid (1)	13.2			18.9
Foreign Currency Translation	0.9			—
Fair Value of Plan Assets at End of Period	$	185.3		$	160.3
Funded Status	$	(92.7	)	$	(96.6	)

⁽¹⁾ 2016 benefit payments included $6.6 million of non-recurring lump sum benefit payments.

The following table presents a reconciliation of the benefit obligation of the post retirement health care plan (in millions):

Change in Accumulated Post Retirement Benefit Obligation	2017			2016
Obligation at Beginning of Period	$	13.8		$	16.8
Service Cost	0.1			0.1
Interest Cost	0.4			0.5
Actuarial Gain	(1.3		)	(2.4		)
Participant Contributions	0.5			0.2
Less: Benefits Paid	1.4			1.4
Obligation at End of Period	$	12.1		$	13.8

Schedule Of Fair Value Of Plan Assets

Pension assets by type and level are as follows (in millions):

	December 30, 2017
	Total		Level 1		Level 2		Level 3
Cash and Cash Equivalents	$	4.4	$	4.4	$	—	$	—
Common Stocks:
Domestic Equities	27.1		27.1		—		—
International Equities	14.6		14.6		—		—
Mutual Funds:
US Equity Funds	25.4		25.4		—		—
International Equity Funds	19.0		19.0		—		—
Balanced Funds	8.3		8.3		—		—
Fixed Income Funds	15.1		15.1		—		—
Other	1.5		1.5		—		—
Real Estate Fund	9.6		—		—		9.6
	$	125.0	$	115.4	$	—	$	9.6
Investments Measured at Net Asset Value	60.3
Total	$	185.3

	December 31, 2016
	Total		Level 1		Level 2		Level 3
Cash and Cash Equivalents	$	3.5	$	3.5	$	—	$	—
Common Stocks:
Domestic Equities	22.9		22.9		—		—
International Equities	12.6		12.6		—		—
Mutual Funds:
US Equity Funds	18.8		18.8		—		—
Balanced funds	8.4		8.4		—		—
International Equity Funds	16.2		16.2		—		—
Fixed Income Funds	15.1		15.1		—		—
Other	1.3		1.3		—		—
Real Estate Fund	10.0		—		—		10.0
	$	108.8	$	98.8	$	—	$	10.0
Investments Measured at Net Asset Value	51.5
Total	$	160.3

The following table sets forth additional disclosures for the fair value measurement of the fair value of pension plan assets that calculate fair value based on NAV per share practical expedient as of December 30, 2017 and December 31, 2016 (in millions):

	2017		2016
Common Collective Trust Funds	$	51.7	$	45.1
Global Emerging Markets Fund Limited Partnership	8.6		6.4
Total	$	60.3	$	51.5

Schedule of Level Three Defined Benefit Plan Assets

The table below sets forth a summary of changes in the Company's Level 3 assets in its pension plan investments as of December 30, 2017 and December 31, 2016 (in millions):

	December 30, 2017			December 31, 2016
Beginning Balance	$	10.0		$	8.1
Net Purchases (Sales)	(0.5		)	1.7
Net Gains	0.1			0.2
Ending Balance	$	9.6		$	10.0

The following table sets forth a summary of quantitative information about the significant unobservable inputs used in the fair value measurement of the Level 3 real estate fund as of December 30, 2017 (in millions):

Fair Value		Significant Unobservable Inputs
$	9.6	Exit Capitalization Rate	4.9% to 7.0%
		Discount Rate	6.6% to 8.0%

The following table sets forth a summary of quantitative information about the significant unobservable inputs used in the fair value measurement of the Level 3 real estate fund as of December 31, 2016 (in millions):

Fair Value		Significant Unobservable Inputs
$	10.0	Exit Capitalization Rate	4.9% to 7.0%
		Discount Rate	6.6% to 8.0%

Schedule Of Amounts Recognized in Balance Sheet of Defined Benefit Plans

The Company recognized the funded status of its defined benefit pension plans on the Consolidated Balance Sheets as follows (in millions):

	2017		2016
Accrued Compensation and Employee Benefits	$	2.9	$	2.8
Pension and Other Post Retirement Benefits	89.8		93.8
Total	$	92.7	$	96.6
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Loss	$	51.3	$	54.5
Prior Service Cost	1.0		1.2
Total	$	52.3	$	55.7

The Company recognized the funded status of its post retirement health care plan on the balance sheet as follows (in millions):

	2017			2016
Accrued Compensation and Employee Benefits	$	0.9		$	1.1
Pension and Other Post Retirement Benefits	11.2			12.7
Total	$	12.1		$	13.8
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial (Gain) Loss	$	(0.9	)	$	0.4

Schedule Of Weighted-Average Assumptions Used To Determine Projected Benefit Obligation

The following weighted average assumptions were used to determine the projected benefit obligation at December 30, 2017 and December 31, 2016, respectively:

	2017	2016
Discount Rate	3.8%	4.3%

Schedule Of Net Periodic Pension Benefit Costs For The Defined Benefit Plans

Net periodic pension benefit costs and the net actuarial loss and prior service cost recognized in other comprehensive income (“OCI”) for the defined benefit pension plans were as follows (in millions):

	2017			2016			2015
Service Cost	$	7.2		$	8.1		$	10.0
Interest Cost	9.3			9.8			10.7
Expected Return on Plan Assets	(11.2		)	(11.9		)	(11.5		)
Amortization of Net Actuarial Loss	2.3			3.1			4.3
Amortization of Prior Service Cost	0.2			0.2			0.2
Net Periodic Benefit Cost	$	7.8		$	9.3		$	13.7
Change in Obligations Recognized in OCI, Net of Tax
Prior Service Cost	$	0.1		$	0.1		$	0.1
Net Actuarial Loss	1.5			2.0			2.8
Total Recognized in OCI	$	1.6		$	2.1		$	2.9

Net periodic benefit costs for the post retirement health care plan were as follows (in millions):

	2017		2016
Service Cost	$	0.1	$	0.1
Interest Cost	0.4		0.5
Amortization of Net Actuarial Loss	—		0.2
Net Periodic Benefit Cost	$	0.5	$	0.8

Schedule Of Assumptions Used To Determine Net Periodic Pension Cost

The following weighted average assumptions were used to determine net periodic pension cost for fiscal years 2017, 2016 and 2015, respectively.

	2017	2016	2015
Discount Rate	4.3%	4.6%	4.2%
Expected Long-Term Rate of Return on Assets	7.0%	7.2%	7.5%

The following assumptions were used to determine the projected benefit obligation at December 30, 2017 and December 31, 2016, respectively.

	2017	2016
Discount Rate	3.5%	3.9%

Schedule Of Pension Benefit Payments Expected Future Service

The following post retirement benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in millions):

Year	Expected Payments
2018	$	0.9
2019	1.0
2020	1.1
2021	1.1
2022	1.1
2023-2027	4.6

The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in millions):

Year	Expected Payments
2018	$	14.1
2019	13.9
2020	14.6
2021	15.6
2022	15.2
2023-2027	84.6