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PENSION AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 28, 2026
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS PENSION AND OTHER POSTRETIREMENT BENEFITS
The Company sponsors programs that provide retirement benefits to most of its employees. These programs include qualified defined benefit pension plans in the U.K., such as the Tulip Limited Pension Plan and the Geo Adams Group Pension Fund, nonqualified defined benefit retirement plans, a defined benefit postretirement life insurance plan and defined contribution retirement savings plan. Expenses recognized under all retirement plans totaled $7.7 million and $6.4 million in the three months ended June 28, 2026 and June 29, 2025, respectively, and $17.9 million and $16.1 million in the six months ended June 28, 2026 and June 29, 2025, respectively.
The Company used a quarter-end measurement date of June 28, 2026 for its pension and postretirement benefits plans. Certain disclosures are listed below. Other disclosures are not material to the financial statements.
Net Periodic Benefit Costs
Net defined benefit pension and other postretirement costs included the following components:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Pension BenefitsOther BenefitsPension BenefitsOther BenefitsPension BenefitsOther BenefitsPension BenefitsOther Benefits
(In thousands)(In thousands)
Interest cost$1,577 $11 $1,581 $13 $3,165 $19 $3,068 $22 
Estimated return on plan assets(1,920)— (2,019)— (3,840)— (3,905)— 
Settlement gains— — (1,611)— — — (1,611)— 
Expenses paid from assets113 — 105 — 228 — 230 — 
Amortization of net loss (gain)(38)— 159 — (82)— 75 (1)
Amortization of past service cost4 — 5 — 9 — 9 — 
Net costs (income)(a)
$(264)$11 $(1,780)$13 $(520)$19 $(2,134)$21 
(a)    Net costs are included in the line item Miscellaneous, net on the Condensed Consolidated Statements of Income.
During the six months ended June 28, 2026, the Company contributed $2.2 million to our pension programs. We anticipate making additional contributions of approximately $0.2 million during the remainder of 2026. The Company contributed $2.2 million to our pension programs during the six months ended June 29, 2025.
Remeasurement
The Company remeasures both plan assets and obligations on a quarterly basis.
Defined Contribution Plans
The Company sponsors two defined contribution retirement savings plans in the U.S. reportable segment for eligible U.S. and Puerto Rico employees. The Company maintains three postretirement plans for eligible employees in the Mexico reportable segment, as required by Mexico law, which primarily cover termination benefits. The Company maintains seven defined contribution retirement savings plans in the Europe reportable segment for eligible U.K. and Europe employees, as required by U.K. and Europe law. The Company’s expenses related to its defined contribution plans totaled $7.9 million and $7.7 million in the three months ended June 28, 2026 and June 29, 2025, respectively, and $18.1 million and $17.1 million in the six months ended June 28, 2026 and June 29, 2025, respectively.