Net Periodic Benefit Cost - Defined Benefit Plans

9 Months Ended

Sep. 30, 2017

Notes To Financial Statements [Abstract]

Net Periodic Benefit Cost - Defined Benefit Plans

Net Periodic Benefit Cost — Defined Benefit Plans

Following are the components of net periodic pension (benefit) expense for the three and nine months ended September 30, 2017 and October 1, 2016:

	Third Quarter
	Pension Benefits												Other Benefits
	U.S. Plans						Non-U.S. Plans						All Plans
(Millions of Dollars)	2017			2016			2017			2016			2017			2016
Service cost	$	2.1		$	2.3		$	3.6		$	3.1		$	0.1		$	0.2
Interest cost	10.8			11.3			7.5			9.0			0.5			0.4
Expected return on plan assets	(16.1		)	(17.0		)	(11.6		)	(10.8		)	—			—
Amortization of prior service cost (credit)	0.4			1.3			(0.3		)	0.1			(0.3		)	(0.3		)
Amortization of net loss	2.0			1.8			2.3			1.4			—			—
Settlement / curtailment loss	—			—			—			0.3			—			—
Net periodic pension (benefit) expense	$	(0.8	)	$	(0.3	)	$	1.5		$	3.1		$	0.3		$	0.3

	Year-to-Date
	Pension Benefits												Other Benefits
	U.S. Plans						Non-U.S. Plans						All Plans
(Millions of Dollars)	2017			2016			2017			2016			2017			2016
Service cost	$	6.5		$	7.0		$	10.2		$	9.5		$	0.4		$	0.5
Interest cost	32.4			34.0			21.6			28.4			1.2			1.2
Expected return on plan assets	(48.3		)	(50.9		)	(33.8		)	(34.3		)	—			—
Amortization of prior service cost (credit)	0.9			3.9			(0.9		)	0.2			(1.0		)	(0.9		)
Amortization of net loss	6.2			5.3			6.9			4.5			—			—
Settlement / curtailment loss	—			—			12.8			0.4			—			—
Net periodic pension (benefit) expense	$	(2.3	)	$	(0.7	)	$	16.8		$	8.7		$	0.6		$	0.8

For the nine months ended September 30, 2017, the Company recorded pre-tax charges of approximately $12.8 million, reflecting losses previously reported in accumulated other comprehensive loss related to a non-U.S. pension plan for which the Company settled its obligation by purchasing an annuity and making lump sum payments to participants.