NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS (Tables)

6 Months Ended

Jul. 02, 2022

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

Following are the components of net periodic pension (benefit) expense for the three and six months ended July 2, 2022 and July 3, 2021:

	Second Quarter
	Pension Benefits								Other Benefits
	U.S. Plans				Non-U.S. Plans				All Plans
(Millions of Dollars)	2022		2021		2022		2021		2022		2021
Service cost	$	1.2	$	1.5	$	3.6	$	4.4	$	—	$	—
Interest cost	8.7		5.8		5.7		4.3		0.6		0.3
Expected return on plan assets	(15.1)		(13.7)		(9.5)		(10.3)		—		—
Amortization of prior service cost (credit)	0.2		0.3		(0.2)		(0.2)		—		(0.1)
Amortization of net loss (gain)	1.8		2.2		2.0		3.5		(0.1)		—
Settlement / curtailment loss	—		—		0.2		—		—		—
Special termination benefit	—		—		—		—		6.9		—
Net periodic pension (benefit) expense	$	(3.2)	$	(3.9)	$	1.8	$	1.7	$	7.4	$	0.2

	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	$	2.8	$	2.8	$	7.5	$	8.6	$	0.1	$	0.1
Interest cost	16.7		11.5		11.7		8.5		0.8		0.5
Expected return on plan assets	(30.2)		(27.4)		(19.7)		(20.2)		—		—
Amortization of prior service cost (credit)	0.4		0.6		(0.4)		(0.4)		—		(0.3)
Amortization of net loss (gain)	3.3		4.5		4.1		7.0		(0.2)		—
Settlement / curtailment loss	—		—		0.2		0.1		—		—
Special termination benefit	—		—		—		—		6.9		—
Net periodic pension (benefit) expense	$	(7.0)	$	(8.0)	$	3.4	$	3.6	$	7.6	$	0.3