NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS

3 Months Ended

Apr. 01, 2023

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 expense (benefit) for the three months ended April 1, 2023 and April 2, 2022:

	Year-to-Date
	Pension Benefits								Other Benefits
	U.S. Plans				Non-U.S. Plans				All Plans
(Millions of Dollars)	2023		2022		2023		2022		2023		2022
Service cost	$	2.0	$	1.6	$	2.8	$	3.9	$	0.1	$	0.1
Interest cost	13.5		8.0		10.6		6.0		0.5		0.2
Expected return on plan assets	(15.5)		(15.1)		(10.1)		(10.2)		—		—
Amortization of prior service cost (credit)	0.2		0.2		(0.2)		(0.2)		—		—
Amortization of net loss (gain)	2.2		1.5		0.8		2.1		(0.3)		(0.1)
Net periodic pension expense (benefit)	$	2.4	$	(3.8)	$	3.9	$	1.6	$	0.3	$	0.2

The components of net periodic benefit expense other than the service cost component are included in Other, net in the Consolidated Statements of Operations and Comprehensive (Loss) Income.