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Pension and Other Post-Retirement Benefits (Tables)
3 Months Ended
Apr. 02, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Change in projected benefit obligations . Pension and Other Post-Retirement Benefits
 
 
 
Defined Benefit Plans
 
 
For the Three
 Months Ended
Components of Net Periodic Pension Expense/(Income)
 
April 2,
2020

March 28,
2019
Service cost
 
$
0.2

 
$
0.3

Interest cost
 
8.0

 
10.1

Expected return on plan assets
 
(17.3
)
 
(16.7
)
Amortization of net loss
 

 
0.4

Curtailment loss (gain) (2)
 
33.0

 

Special termination benefits (1)
 
24.7

 

Net periodic pension expense (income)
 
$
48.6

 
$
(5.9
)

 
 
Other Benefits
 
 
For the Three
Months Ended
Components of Other Benefit Expense
 
April 2,
2020
 
March 28,
2019
Service cost
 
$
0.3

 
$
0.2

Interest cost
 
0.2

 
0.3

Amortization of prior service cost
 
(0.2
)
 
(0.2
)
Amortization of net gain
 
(0.5
)
 
(0.6
)
Curtailment (gain) loss  
 
(0.3
)
 

Special termination benefits (1)
 
$
11.8

 
$

Net periodic other benefit expense (income)
 
$
11.3

 
$
(0.3
)


(1) Special termination benefits for the three months ending April 2, 2020 is a combination of pension value plan and postretirement medical plan changes offset by a reduction in the Company's net benefit obligation. Special termination benefits, curtailment accounting, and the remeasurement of the pension assets and obligations and retiree medical resulted in a $116.8 and $4.3 impact to OCI, respectively. This impact is included in the Company’s condensed consolidated statements of comprehensive (loss) income. The Company expects to record additional charges in subsequent 2020 quarters related to settlement accounting tied to cash payments made.

(2) The Company's Voluntary Retirement Program ("VRP") resulted in an estimated 14% reduction in future working lifetime for the pension value plan and postretirement medical plan resulting in a curtailment accounting charge of $33.0 for the three months ended April 2, 2020 and is included in other (expense) income in the Company's condensed consolidated statements of operations.