Net Periodic Benefit Cost - Defined Benefit Plans

9 Months Ended

Sep. 28, 2019

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 expense (benefit) for the three and nine months ended September 28, 2019 and September 29, 2018:

	Third Quarter
	Pension Benefits												Other Benefits
	U.S. Plans						Non-U.S. Plans						All Plans
(Millions of Dollars)	2019			2018			2019			2018			2019			2018
Service cost	$	3.1		$	1.8		$	3.5		$	3.8		$	0.1		$	0.1
Interest cost	11.8			10.7			7.4			7.0			0.4			0.4
Expected return on plan assets	(15.4		)	(17.2		)	(11.1		)	(11.4		)	—			—
Amortization of prior service cost (credit)	0.2			0.3			(0.1		)	(0.4		)	(0.3		)	(0.3		)
Amortization of net loss (gain)	2.0			2.0			2.1			1.8			(0.1		)	—
Settlement / curtailment loss (gain)	—			—			(0.2		)	0.1			—			—
Net periodic pension expense (benefit)	$	1.7		$	(2.4	)	$	1.6		$	0.9		$	0.1		$	0.2

	Year-to-Date
	Pension Benefits												Other Benefits
	U.S. Plans						Non-U.S. Plans						All Plans
(Millions of Dollars)	2019			2018			2019			2018			2019			2018
Service cost	$	9.3		$	5.6		$	10.9		$	11.5		$	0.2		$	0.4
Interest cost	35.3			32.1			22.7			21.7			1.2			1.2
Expected return on plan assets	(46.3		)	(51.5		)	(34.1		)	(35.4		)	—			—
Amortization of prior service cost (credit)	0.7			0.8			(0.5		)	(1.0		)	(1.0		)	(1.0		)
Amortization of net loss (gain)	6.0			5.9			6.5			6.5			(0.2		)	—
Settlement / curtailment loss	—			—			—			0.3			—			—
Net periodic pension expense (benefit)	$	5.0		$	(7.1	)	$	5.5		$	3.6		$	0.2		$	0.6

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.