NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS

6 Months Ended

Jul. 03, 2021

Retirement Benefits [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 six months ended July 3, 2021 and June 27, 2020:

	Second Quarter
	Pension Benefits								Other Benefits
	U.S. Plans				Non-U.S. Plans				All Plans
(Millions of Dollars)	2021		2020		2021		2020		2021		2020
Service cost	$	1.6	$	1.7	$	4.6	$	3.9	$	—	$	0.2
Interest cost	5.8		8.9		4.3		5.4		0.3		0.4
Expected return on plan assets	(13.7)		(14.7)		(10.2)		(9.9)		—		—
Amortization of prior service cost (credit)	0.3		0.2		(0.2)		(0.2)		(0.1)		(0.4)
Amortization of net loss	2.2		2.2		3.5		2.8		—		0.1
Special termination benefit	—		—		—		—		—		16.0
Settlement / curtailment loss	—		—		—		0.2		—		—
Net periodic pension (benefit) expense	$	(3.8)	$	(1.7)	$	2.0	$	2.2	$	0.2	$	16.3

	Year-to-Date
	Pension Benefits								Other Benefits
	U.S. Plans				Non-U.S. Plans				All Plans
(Millions of Dollars)	2021		2020		2021		2020		2021		2020
Service cost	$	3.2	$	3.4	$	9.0	$	7.9	$	0.1	$	0.3
Interest cost	11.5		17.7		8.6		11.0		0.5		0.8
Expected return on plan assets	(27.4)		(29.4)		(20.2)		(20.2)		—		—
Amortization of prior service cost (credit)	0.6		0.5		(0.4)		(0.4)		(0.3)		(0.7)
Amortization of net loss	4.5		4.3		7.0		5.7		—		0.2
Special termination benefit	—		—		—		—		—		16.0
Settlement / curtailment loss	—		—		0.1		0.3		—		—
Net periodic pension (benefit) expense	$	(7.6)	$	(3.5)	$	4.1	$	4.3	$	0.3	$	16.6

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.