v3.26.1
Employee Benefit Plans
6 Months Ended
Jun. 27, 2026
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Employee Benefit Plans
14. Employee Benefit Plans
Defined Benefit Plans
The Company has defined benefit pension and other long-term and postretirement benefit plans covering certain union and non-union employees, primarily in the U.S. and Canada. The defined benefit pension plans are closed to new participants. The liabilities for these plans are calculated using actuarial estimates and management assumptions. These estimates are based on historical information and certain assumptions about future events.
The following tables present the components of net periodic benefit cost of the Company’s plans:
PensionPostretirement
Three Months EndedThree Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Service cost$903 $1,188 $98 $111 
Interest cost6,144 6,911 222 239 
Expected return on plan assets(7,308)(7,701)— — 
Amortization of prior service cost (credit)107 108 (56)(43)
Amortization of (gain) loss57 (233)(244)
Net periodic benefit cost$(152)$563 $31 $63 
PensionPostretirement
Six Months EndedSix Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Service cost$1,810 $2,358 $198 $221 
Interest cost12,306 13,740 445 476 
Expected return on plan assets(14,544)(15,273)— — 
Amortization of prior service cost (credit)216 211 (113)(86)
Amortization of (gain) loss114 (467)(487)
Net periodic benefit cost$(210)$1,150 $63 $124 
Service cost is included in “cost of sales” or “selling, general and administrative expense” in the condensed consolidated statements of operations, as appropriate. Interest cost, expected return on plan assets, amortization of prior service cost (credit) and amortization of gain (loss) are included in “components of pension and OPEB, excluding service costs” in the condensed consolidated statements of operations.