NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS

9 Months Ended

Oct. 02, 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 nine months ended October 2, 2021 and September 26, 2020:

	Third 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	$	1.7	$	1.7	$	4.3	$	4.0	$	0.2	$	0.2
Interest cost	5.7		8.8		4.2		5.7		0.2		0.3
Expected return on plan assets	(13.8)		(14.7)		(10.0)		(10.4)		—		—
Amortization of prior service cost (credit)	0.3		0.3		(0.2)		(0.1)		(0.2)		(0.3)
Amortization of net loss	2.3		2.1		3.4		2.9		—		—
Special termination benefit	—		—		—		—		—		0.1
Settlement / curtailment (gain) loss	—		—		(0.3)		0.3		—		—
Net periodic pension (benefit) expense	$	(3.8)	$	(1.8)	$	1.4	$	2.4	$	0.2	$	0.3

	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	$	4.9	$	5.1	$	13.3	$	11.9	$	0.3	$	0.5
Interest cost	17.2		26.5		12.8		16.7		0.7		1.1
Expected return on plan assets	(41.2)		(44.1)		(30.2)		(30.6)		—		—
Amortization of prior service cost (credit)	0.9		0.8		(0.6)		(0.5)		(0.5)		(1.0)
Amortization of net loss	6.8		6.4		10.4		8.6		—		0.2
Special termination benefit	—		—		—		—		—		16.1
Settlement / curtailment (gain) loss	—		—		(0.2)		0.6		—		—
Net periodic pension (benefit) expense	$	(11.4)	$	(5.3)	$	5.5	$	6.7	$	0.5	$	16.9

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.