XML 30 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Retirement Plans
 9 Months Ended
Sep. 29, 2017
Compensation and Retirement Disclosure [Abstract]  
Retirement Plans
12.
Retirement Plans
The net periodic benefit cost for the Company's defined benefit pension plans was as follows:
 
Three Months Ended
 
Nine Months Ended
 
September 29,
2017
 
September 30,
2016
 
September 29,
2017
 
September 30,
2016
Service cost
$
—


$
0.6

 
$
1.5

 
$
1.4

Interest cost
0.1


2.7

 
2.2

 
9.7

Expected return on plan assets
—


(4.1
)
 
(1.3
)
 
(12.5
)
Amortization of net actuarial loss
0.1


3.5

 
2.7

 
8.7

Amortization of prior service cost
—

 
—

 
0.2

 
—

Plan settlements
—

 
1.1

 
69.7

 
8.1

Net periodic benefit cost
$
0.2


$
3.8

 
$
75.0

 
$
15.4



The net periodic benefit credit for the Company's postretirement benefit plans was approximately zero and $0.1 million for the three months ended September 29, 2017 and September 30, 2016, respectively, and for both the nine months ended September 29, 2017 and September 30, 2016 the net periodic benefit credit was approximately zero.

Net periodic benefit cost for the Company's defined benefit pension plans and postretirement benefit plans was included within cost of sales; research and development; and selling, general and administrative ("SG&A") expenses on the unaudited condensed consolidated statements of income.

Pension Plan Termination
During the nine months ended September 29, 2017, the Company completed the third-party settlement of remaining obligations of six defined benefit pension plans that were terminated during fiscal 2016. In conjunction with this final settlement, the Company made a $61.3 million cash contribution to the terminated plans and recognized a $69.7 million charge, included within SG&A expenses.