NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS

9 Months Ended

Oct. 01, 2022

Retirement Benefits [Abstract]

NET PERIODIC BENEFIT COSTS - DEFINED BENEFIT PLANS

NET PERIODIC BENEFIT COST — DEFINED BENEFIT PLANSFollowing are the components of net periodic pension (benefit) expense for the three and nine months ended October 1, 2022 and October 2, 2021:

	Third 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	$	1.4	$	1.5	$	3.6	$	4.1	$	0.1	$	0.2
Interest cost	8.5		5.7		5.3		4.2		0.2		0.2
Expected return on plan assets	(14.9)		(13.1)		(9.0)		(10.0)		—		—
Amortization of prior service cost (credit)	0.3		0.3		(0.1)		(0.2)		—		(0.2)
Amortization of net loss (gain)	1.2		2.3		1.9		3.4		(0.3)		—
Settlement / curtailment gain	—		—		—		(0.3)		—		—
Net periodic pension (benefit) expense	$	(3.5)	$	(3.3)	$	1.7	$	1.2	$	—	$	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	$	4.2	$	4.3	$	11.1	$	12.7	$	0.2	$	0.3
Interest cost	25.2		17.2		17.0		12.7		1.0		0.7
Expected return on plan assets	(45.1)		(40.5)		(28.7)		(30.2)		—		—
Amortization of prior service cost (credit)	0.7		0.9		(0.5)		(0.6)		—		(0.5)
Amortization of net loss (gain)	4.5		6.8		6.0		10.4		(0.5)		—
Settlement / curtailment loss (gain)	—		—		0.2		(0.2)		—		—
Special termination benefit	—		—		—		—		6.9		—
Net periodic pension (benefit) expense	$	(10.5)	$	(11.3)	$	5.1	$	4.8	$	7.6	$	0.5

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.