NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS

3 Months Ended

Apr. 02, 2022

Retirement Benefits [Abstract]

NET PERIODIC BENEFIT COSTS - 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 April 2, 2022 and April 3, 2021:

	Year-to-Date
	Pension Benefits								Other Benefits
	U.S. Plans				Non-U.S. Plans				All Plans
(Millions of Dollars)	2022		2021		2022		2021		2022		2021
Service cost	$	1.6	$	1.3	$	3.9	$	4.2	$	0.1	$	0.1
Interest cost	8.0		5.7		6.0		4.2		0.2		0.2
Expected return on plan assets	(15.1)		(13.7)		(10.2)		(9.9)		—		—
Amortization of prior service cost (credit)	0.2		0.3		(0.2)		(0.2)		—		(0.2)
Amortization of net loss (gain)	1.5		2.3		2.1		3.5		(0.1)		—
Settlement / curtailment loss	—		—		—		0.1		—		—
Net periodic pension (benefit) expense	$	(3.8)	$	(4.1)	$	1.6	$	1.9	$	0.2	$	0.1

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.