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Retirement Plans (Tables)
 12 Months Ended
Dec. 29, 2018
Summary of Change in Benefit Obligations, Change in Plan Assets and Unfunded Status of DB Plans
The following table summarizes the change in the projected benefit obligation, change in plan assets and unfunded status of the DB plans as of December 29, 2018 and December 30, 2017:

December 29, 2018
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Change in Projected Benefit Obligation

 

 

Projected benefit obligation at beginning of year
$
8.4

 
$
12.8

 
$
21.2

Plan amendment
—

 
(0.1
)
 
(0.1
)
Service cost
—

 
0.8

 
0.8

Interest cost
0.3

 
0.1

 
0.4

Plan participant contributions
—

 
0.3

 
0.3

Benefit payments
(0.4
)
 
(1.4
)
 
(1.8
)
Actuarial gains
(0.4
)
 
(0.4
)
 
(0.8
)
Settlement gains
—

 
(0.8
)
 
(0.8
)
Translation gains
—

 
(0.5
)
 
(0.5
)
Projected benefit obligation at end of year
$
7.9

 
$
10.8

 
$
18.7

Change in Plan Assets

 

 

Plan assets beginning of year
$
7.1

 
$
6.6

 
$
13.7

Business combinations
—

 
—

 
—

Employer contributions
0.3

 
0.4

 
0.7

Plan participant contributions
—

 
0.3

 
0.3

Benefit payments
(0.4
)
 
(0.8
)
 
(1.2
)
Settlement losses
—

 
(0.5
)
 
(0.5
)
Actual return on plan assets
(0.1
)
 
—

 
(0.1
)
Translation losses
—

 
(0.2
)
 
(0.2
)
Fair value at end of year
$
6.9

 
$
5.8

 
$
12.7

Funded Status of Plan

 

 

Projected benefit obligation
$
(7.9
)
 
$
(10.8
)
 
$
(18.7
)
Fair value of plan assets
6.9

 
5.8

 
12.7

Unfunded status
$
(1.0
)
 
$
(5.0
)
 
$
(6.0
)

December 30, 2017
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Change in Projected Benefit Obligation

 

 

Projected benefit obligation at beginning of year
$
8.3

 
$
30.5

 
$
38.8

Service cost
—

 
1.5

 
1.5

Interest cost
0.3

 
0.3

 
0.6

Plan participant contributions
—

 
0.4

 
0.4

Benefit payments
(0.4
)
 
(3.0
)
 
(3.4
)
Actuarial losses
0.2

 
(0.1
)
 
0.1

Curtailment gains
—

 
(18.2
)
 
(18.2
)
Translation gains
—

 
1.4

 
1.4

Projected benefit obligation at end of year
$
8.4

 
$
12.8

 
$
21.2

Change in Plan Assets

 

 

Plan assets beginning of year
$
6.3

 
$
20.4

 
$
26.7

Employer contributions
0.3

 
0.9

 
1.2

Plan participant contributions
—

 
0.4

 
0.4

Benefit payments
(0.4
)
 
(2.5
)
 
(2.9
)
Curtailment losses
—

 
(14.2
)
 
(14.2
)
Actual return on plan assets
0.9

 
0.6

 
1.5

Translation losses
—

 
1.0

 
1.0

Fair value at end of year
$
7.1

 
$
6.6

 
$
13.7

Funded Status of Plan

 

 

Projected benefit obligation
$
(8.4
)
 
$
(12.8
)
 
$
(21.2
)
Fair value of plan assets
7.1

 
6.6

 
13.7

Unfunded status
$
(1.3
)
 
$
(6.2
)
 
$
(7.5
)
Schedule of Components of Net Periodic Pension Cost
The components of net periodic pension cost were as follows:

December 29, 2018
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Service cost
$
—

 
$
0.8

 
$
0.8

Interest cost
0.3

 
0.1

 
0.4

Expected return on plan assets
(0.5
)
 
—

 
(0.5
)
Amortization of prior service costs
—

 
—

 
—

Recognized net gain due to settlement
—

 
(0.3
)
 
(0.3
)
Amortization of net actuarial loss
—

 
—

 
—

Net periodic pension (benefit) cost
$
(0.2
)
 
$
0.6

 
$
0.4


December 30, 2017
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Service cost
$
—

 
$
1.5

 
$
1.5

Interest cost
(0.3
)
 
0.3

 
—

Expected return on plan assets
0.4

 
(0.3
)
 
0.1

Amortization of prior service costs
—

 
—

 
—

Recognized net loss due to settlement
—

 
—

 
—

Amortization of net actuarial loss
—

 
—

 
—

Curtailment gain
—

 
(4.5
)
 
(4.5
)
Net periodic pension cost
$
0.1

 
$
(3.0
)
 
$
(2.9
)

December 31, 2016
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Service cost
$
—

 
$
1.9

 
$
1.9

Interest cost
(0.4
)
 
0.2

 
(0.2
)
Expected return on plan assets
0.6

 
(0.2
)
 
0.4

Amortization of prior service costs
—

 
—

 
—

Recognized net loss due to settlement
(0.1
)
 
—

 
(0.1
)
Amortization of net actuarial loss
—

 
—

 
—

Net periodic pension cost
$
0.1

 
$
1.9

 
$
2.0
Schedule of Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax which have Not yet been Recognized in Net Periodic Benefit Cost
Amounts included in accumulated other comprehensive loss, net of tax, at year-end which have not yet been recognized in net periodic benefit cost were as follows:

December 29, 2018
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Unrecognized net actuarial (loss) income
$
(0.1
)
 
$
0.4

 
$
0.3

Total accumulated other comprehensive (loss) income
$
(0.1
)
 
$
0.4

 
$
0.3

 
 
 
 
 
 

December 30, 2017
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Unrecognized net actuarial loss
$
(0.6
)
 
$
(16.2
)
 
$
(16.8
)
Total accumulated other comprehensive loss
$
(0.6
)
 
$
(16.2
)
 
$
(16.8
)
 
 
 
 
 
 

December 31, 2016
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Unrecognized net actuarial loss
$
(1.2
)
 
$
(13.2
)
 
$
(14.4
)
Total accumulated other comprehensive loss
$
(1.2
)
 
$
(13.2
)
 
$
(14.4
)
Schedule of Pension Plan Weighted-Average Asset Allocations by Asset Category
Our DB plans weighted-average asset allocations by asset category were as follows:

December 29, 2018
 
December 30, 2017
U.S. Plans

 

Equity securities
42.8
%
 
61.4
%
Fixed income investments
57.2
%
 
38.6
%
International Plans

 

Cash and cash equivalents
—

 
0.3
%
Equity securities
58.6
%
 
64.2
%
Fixed income investments
31.0
%
 
29.2
%
Real estate
10.4
%
 
6.3
%
Schedule of Benefit Payments Expected to be Paid
The following benefit payments are expected to be paid in the periods indicated below:
(in millions of U.S. dollars)
U.S.
 
International
 
Total
Expected benefit payments

 

 

FY 2019
$
0.4

 
$
0.6

 
$
1.0

FY 2020
0.4

 
0.5

 
0.9

FY 2021
0.4

 
0.5

 
0.9

FY 2022
0.5

 
0.4

 
0.9

FY 2023
0.5

 
0.5

 
1.0

FY 2024 through FY 2028
2.6

 
4.4

 
7.0
Schedule of Fair Values of Company's International Plan Assets
The fair values of the Company’s International plan assets at December 29, 2018 and December 30, 2017 were as follows:

December 29, 2018
(in millions of U.S. dollars)
Level 1
 
Level 2
 
Level 3
Mutual funds:

 

 

Non-U.S. equity securities
1.6

 
—

 
—

Other
—

 
—

 
—

Fixed income:

 

 

Non-U.S. bonds
1.9

 
—

 
—

Insurance contract
—

 
1.8

 
—

Real estate:

 

 

Real estate
—

 
0.6

 
—

Total
$
3.5

 
$
2.4

 
$
—


December 30, 2017
(in millions of U.S. dollars)
Level 1
 
Level 2
 
Level 3
Mutual funds:

 

 

Non-U.S. equity securities
1.6

 
—

 
—

Other
—

 
0.4

 
—

Fixed income:

 

 

Non-U.S. bonds
2.3

 
—

 
—

Insurance contract
—

 
1.9

 
—

Real estate:

 

 

Real estate
—

 
0.4

 
—

Total
$
3.9

 
$
2.7

 
$
—
Benefit Obligations  
Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
The following table summarizes the weighted average actuarial assumptions used to determine the projected benefit obligation:

For the Year Ended

December 29, 2018
 
December 30, 2017
 
December 31, 2016
U.S. Plans

 

 

Discount rate
4.0
%
 
3.5
%
 
3.8
%
Expected long-term rate of return on plan assets
6.3
%
 
7.0
%
 
7.0
%
International Plans

 

 

Discount rate
2.4
%
 
2.0
%
 
1.7
%
Expected long-term rate of return on plan assets
2.7
%
 
3.1
%
 
2.6
%
Rate of compensation increase
1.4
%
 
1.4
%
 
1.0
%
CPI Inflation factor
0.3
%
 
0.3
%
 
0.3
%
Net Periodic Benefit Cost  
Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
The following table summarizes the weighted average actuarial assumptions used to determine net periodic benefit cost:

For the Year Ended

December 29, 2018
 
December 30, 2017
 
December 31, 2016
U.S. Plans

 

 

Discount rate
3.5
%
 
3.8
%
 
4.0
%
Expected long-term rate of return on plan assets
6.3
%
 
7.0
%
 
7.0
%
International Plans

 

 

Discount rate
2.4
%
 
2.0
%
 
1.7
%
Expected long-term rate of return on plan assets
2.7
%
 
3.1
%
 
1.0
%
Inflation factor
0.3
%
 
0.3
%
 
0.3
%