v3.26.1
Pension and Other Postretirement Benefit Plans
 6 Months Ended
Jul. 04, 2026
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefit Plans Pension and Other Postretirement Benefit Plans
The Company has noncontributory defined benefit pension plans covering certain domestic employees and certain employees in foreign countries, principally Canada. The Company also has postretirement benefit plans covering certain domestic and Canadian retirees. The Company's postretirement benefit plans generally provide for the continuation of medical benefits for eligible retirees.
Net Periodic Pension Benefit Cost and Other Postretirement Benefit (Credit) Cost
The components of the Company's net periodic pension benefit cost are shown below (in millions):
Three Months EndedSix Months Ended
July 4, 2026June 28, 2025July 4, 2026June 28, 2025
U.S.ForeignU.S.ForeignU.S.ForeignU.S.Foreign
Service cost$— $0.8 $— $1.0 $— $1.7 $— $1.9 
Interest cost4.5 4.0 4.5 3.9 8.8 7.9 9.0 7.6 
Expected return on plan assets(4.2)(3.6)(4.1)(3.9)(8.3)(7.2)(8.2)(7.6)
Amortization of actuarial loss0.3 0.4 0.3 0.4 0.4 0.8 0.3 0.8 
Settlement gain— — — — (0.1)— (0.1)— 
Net periodic benefit cost$0.6 $1.6 $0.7 $1.4 $0.8 $3.2 $1.0 $2.7 
The components of the Company's net periodic other postretirement benefit (credit) cost are shown below (in millions):
Three Months EndedSix Months Ended
July 4, 2026June 28, 2025July 4, 2026June 28, 2025
U.S.ForeignU.S.ForeignU.S.ForeignU.S.Foreign
Interest cost$0.4 $0.2 $0.3 $0.1 $0.7 $0.4 $0.7 $0.3 
Amortization of actuarial gain(0.6)— (0.7)— (1.2)— (1.4)(0.1)
Amortization of prior service credit(0.1)— — — (0.1)— — — 
Net periodic benefit (credit) cost$(0.3)$0.2 $(0.4)$0.1 $(0.6)$0.4 $(0.7)$0.2 
For further information related to the Company's pension and other postretirement benefit plans, see Note 8, "Pension and Other Postretirement Benefit Plans," to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.