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Net Periodic Benefit Cost - Defined Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2017
Notes To Financial Statements [Abstract]  
Components of Net Periodic Benefit Cost
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.