v3.26.1
Benefit Plans
 6 Months Ended
Jul. 05, 2026
Benefit Plans [Abstract]  
Benefit Plans
Note 10.  Benefit Plans
 
The Company and its subsidiaries have pension plans covering the majority of its eligible employees on a contributory or non-contributory basis. The Company also provides postretirement health care and life insurance benefits for the majority of its U.S. retired employees. Disclosures for the U.S. plans have been combined with those outside of the U.S., as the international plans do not have significantly different assumptions, and together represent less than 20% of our total benefit obligation.
 
Components of Net Periodic Benefit Cost
 
 Pension Benefits
 Three Months Ended Six Months Ended
Jul. 5, Jun. 29, Jul. 5, Jun. 29,
(in millions of dollars)2026 2025 2026 2025
Service cost $1.0  $1.0  $1.9  $2.0 
Interest cost  4.0   4.2   8.0   8.4 
Expected return on plan assets  (5.9)   (5.5)   (11.8)   (11.0) 
Amortization:       
Recognized net actuarial loss  -   0.2   0.1   0.4 
Net periodic benefit cost $(0.9)  $(0.1)  $(1.8)  $(0.2) 
 Postretirement Benefits
 Three Months EndedSix Months Ended
Jul. 5,Jun. 29, Jul. 5,Jun. 29,
(in millions of dollars)2026 2025 2026 2025
Service cost $-  $-  $-  $- 
Interest cost  0.1   -   0.1   - 
Amortization:           
Recognized net actuarial gain (0.1)   (0.1)   (0.2)   (0.2) 
Net periodic benefit cost $-  $(0.1)  $(0.1)  $(0.2) 
 
Amortization amounts of prior service costs and recognized net actuarial losses are recorded, net of tax, as increases to accumulated other comprehensive income.
 
The Company expects to contribute approximately $10.8 million to its pension plans and $0.1 million to its other postretirement benefit plans in 2026. As of July 5, 2026, $3.6 million has been contributed to the pension plans and no contributions have been made to the other postretirement benefit plans.