Net Periodic Benefit Cost - Defined Benefit Plans

3 Months Ended

Mar. 31, 2018

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 months ended March 31, 2018 and April 1, 2017:

	Year-to-Date
	Pension Benefits												Other Benefits
	U.S. Plans						Non-U.S. Plans						All Plans
(Millions of Dollars)	2018			2017			2018			2017			2018			2017
Service cost	$	1.8		$	2.3		$	3.9		$	3.3		$	0.1		$	0.1
Interest cost	10.4			10.7			7.5			7.0			0.4			0.4
Expected return on plan assets	(16.8		)	(16.1		)	(12.2		)	(11.0		)	—			—
Amortization of prior service cost (credit)	0.2			0.3			(0.4		)	(0.3		)	(0.3		)	(0.3		)
Amortization of net loss	1.9			1.9			2.4			2.3			—			—
Settlement / curtailment loss	—			—			0.1			12.5			—			—
Net periodic pension (benefit) expense	$	(2.5	)	$	(0.9	)	$	1.3		$	13.8		$	0.2		$	0.2

In accordance with the adoption of ASU 2017-07, the components of net periodic benefit cost other than the service cost component are included in Other, net in the Consolidated Statements of Operations and Comprehensive Income. 

In March 2017, a pre-tax charge of $12.5 million was recorded, 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.