NET PERIODIC BENEFIT COST - DEFINED BENEFIT PLANS (Tables)

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

Following are the components of net periodic pension expense (benefit) for the three and nine months ended September 30, 2023 and October 1, 2022:

	Third Quarter
	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	$	1.4	$	2.8	$	3.6	$	0.1	$	0.1
Interest cost	13.6		8.5		11.0		5.3		0.5		0.2
Expected return on plan assets	(15.5)		(14.9)		(10.5)		(9.0)		—		—
Amortization of prior service cost (credit)	0.2		0.3		(0.2)		(0.1)		—		—
Amortization of net loss (gain)	2.3		1.2		0.8		1.9		(0.4)		(0.3)
Settlement / curtailment loss	$	—	—		0.5		—		—		—
Net periodic pension expense (benefit)	$	2.6	$	(3.5)	$	4.4	$	1.7	$	0.2	$	—

	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	$	6.1	$	4.2	$	8.4	$	11.1	$	0.2	$	0.2
Interest cost	41.0		25.2		32.6		17.0		1.5		1.0
Expected return on plan assets	(46.6)		(45.1)		(31.1)		(28.7)		—		—
Amortization of prior service cost (credit)	0.6		0.7		(0.5)		(0.5)		—		—
Amortization of net loss (gain)	6.7		4.5		2.5		6.0		(1.0)		(0.5)
Settlement / curtailment loss	—		—		0.6		0.2		—		—
Special termination benefit	—		—		—		—		—		6.9
Net periodic pension expense (benefit)	$	7.8	$	(10.5)	$	12.5	$	5.1	$	0.7	$	7.6