Pension and Other Postretirement Plans |
3 Months Ended |
|---|---|
Mar. 29, 2026 | |
| Retirement Benefits [Abstract] | |
| Pension and Other Postretirement Plans | Pension and Other Postretirement Plans We had a defined benefit pension plan in the United States covering many of the Company’s associates that was frozen to new participants, with benefit accruals frozen for active participants on or before December 31, 2016. In addition, the Company provides postretirement health care and life insurance benefits to certain retirees. On February 18, 2025, the Company completed the purchase of group annuity contracts with an insurance company, in which the liability, plan administration and payout of benefits were irrevocably transferred. In June 2025, the insurance company began paying plan benefits to eligible plan participants through the group annuity contracts. As a result of the termination of the defined benefit pension plan, the Company recognized a surplus in plan assets of $7.2 million. The Company used the surplus to satisfy other Company obligations for qualified replacement plans. As of December 28, 2025, there were no remaining surplus funds held within the defined benefit pension plan and the plan is closed.
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