Long-Term Employee Benefits (Tables)

12 Months Ended

Jan. 02, 2022

Compensation And Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations

The measurement date used to determine the defined benefit and other postemployment benefits obligations was January 2, 2022. The following tables set forth the changes to the projected benefit obligations (“PBO”) and plan assets:

	Fiscal Year Ended
	January 2, 2022			January 3, 2021
Defined Benefit Plans
Change in benefit obligation:
Projected benefit obligation at beginning of year	$	43.1		$	41.3
Service cost		2.6			2.4
Interest cost		0.4			0.3
Contributions by plan participants		—			—
Benefits paid		(0.5	)		(0.2	)
Actuarial loss (gain)		0.2			(1.5	)
Settlements and amendments		(1.1	)		(2.1	)
Foreign currency exchange rate changes		(3.0	)		2.9
Projected benefit obligation at end of year	$	41.6		$	43.1
Change in plan assets:
Fair value of plan assets at beginning of year	$	24.7		$	23.1
Actual return on plan assets		1.2			0.5
Employer contributions		2.2			2.0
Contributions by plan participants		—			—
Benefits paid		(0.5	)		(0.2	)
Settlements		(1.1	)		(2.1	)
Foreign currency exchange rate changes		(2.3	)		1.4
Fair value of plan assets at end of year	$	24.1		$	24.7
Funded status at end of year	$	(17.5	)	$	(18.4	)
Amounts recognized on the consolidated balance sheets:
Other assets	$	0.8		$	0.7
Accrued compensation and employee related obligations		(0.3	)		(0.2	)
Employee related obligations		(18.0	)		(18.9	)
Net amount recognized	$	(17.5	)	$	(18.4	)

	Fiscal Year Ended
	January 2, 2022			January 3, 2021
Other Postemployment Benefits
Change in benefit obligation:
Projected benefit obligation at beginning of year	$	22.0		$	20.3
Service cost		0.7			0.8
Interest cost		0.2			0.4
Benefits paid		(0.7	)		(0.6	)
Actuarial loss		—			1.1
Projected benefit obligation at end of year	$	22.1		$	22.0
Amounts recognized on the consolidated balance sheets:
Accrued compensation and employee related obligations	$	(2.9	)	$	(2.2	)
Employee related obligations		(19.2	)		(19.8	)
Net amount recognized	$	(22.1	)	$	(22.0	)

Fair Value of Plan Assets for Pension Plans

The following table reflects the ABO for all defined benefit plans as of January 2, 2022 and January 3, 2021. Further, the table reflects the aggregate PBO, ABO and fair value of plan assets for pension plans with PBO in excess of plan assets and for pension plans with ABO in excess of plan assets.

	January 2, 2022		January 3, 2021
ABO	$	34.4	$	36.0
Plans with PBO in excess of plan assets
PBO	$	23.0	$	24.4
Fair value of plan assets		5.3		5.3
Plans with ABO in excess of plan assets
PBO	$	21.1	$	21.7
ABO		18.6		18.8
Fair value of plan assets		3.5		3.2

Schedule of Net Periodic Benefit Cost Not yet Recognized

The pretax amounts that are not yet reflected in the net periodic benefit cost and are included in AOCI as of January 2, 2022, January 3, 2021 and December 29, 2019 include the following:

	January 2, 2022			January 3, 2021			December 29, 2019
Defined Benefit Plans
Accumulated net actuarial losses	$	(2.1	)	$	(2.6	)	$	(4.0	)
Other Postemployment Benefits
Accumulated net actuarial losses	$	(1.1	)	$	(1.2	)	$	—
Accumulated prior service cost		(0.1	)		(0.2	)		(0.2	)
Net amount recognized	$	(1.2	)	$	(1.4	)	$	(0.2	)

Components of Net Periodic Benefit Cost

The following table sets forth the components of net periodic benefit cost:

	Fiscal Year Ended
	January 2, 2022			January 3, 2021			December 29, 2019
Defined Benefit Plans
Net periodic benefit cost:
Service cost	$	2.6		$	2.4		$	2.2
Interest cost		0.4			0.3			0.5
Expected return on plan assets		(0.7	)		(0.7	)		(0.6	)
Amortization of net loss		(0.2	)		(0.1	)		(0.4	)
Settlement loss (gain)		0.2			0.2			(0.7	)
Net periodic benefit cost	$	2.3		$	2.1		$	1.0
Changes in plan assets and benefit obligations recognized in other    comprehensive loss:
Net actuarial (gain) loss	$	(0.3	)	$	(1.4	)	$	1.5
Net translation adjustment		(0.2	)		0.2			—
Amortization of gain (loss)		—			(0.1	)		1.0
Total (income) loss recognized in other comprehensive loss	$	(0.5	)	$	(1.3	)	$	2.5
Total recognized in net periodic benefit cost and other    comprehensive loss	$	1.8		$	0.8		$	3.5

	Fiscal Year Ended
	January 2, 2022		January 3, 2021		December 29, 2019
Other Postemployment Benefit Plans
Net periodic benefit cost:
Service cost	$	0.7	$	0.7	$	0.8
Interest cost		0.2		0.4		0.6
Amortization of prior service cost		—		—		—
Net periodic benefit cost	$	0.9	$	1.1	$	1.4
Changes in benefit obligations recognized in other comprehensive loss:
Net actuarial loss	$	—	$	1.1	$	0.7
Amortization of prior service cost		—		—		—
Total loss recognized in other comprehensive loss	$	—	$	1.1	$	0.7
Total recognized in net periodic benefit cost and other    comprehensive loss	$	0.9	$	2.2	$	2.1

Schedule of Defined Benefit Plans Disclosures

In determining the defined benefit obligations for the fiscal years ended January 2, 2022 and January 3, 2021, the Company used the following weighted-average assumptions:

	Fiscal Year Ended
	January 2, 2022			January 3, 2021
Defined Benefit Plans
Discount rate		1.3	%		1.2	%
Rate of compensation increases		2.5	%		2.5	%
Other Postemployment Benefit Plans
Discount rate		2.1	%		1.7	%

In determining the net periodic benefit cost for the fiscal years ended January 2, 2022, January 3, 2021 and December 29, 2019, the Company used the following weighted-average assumptions:

	Fiscal Year Ended
	January 2, 2022			January 3, 2021			December 29, 2019
Defined Benefit Plans
Discount rate		1.2	%		1.0	%		1.5	%
Rate of compensation increases		2.5	%		2.5	%		2.7	%
Return on plan assets		2.8	%		2.8	%		2.8	%
Other Postemployment Benefit Plans
Discount rate		1.8	%		2.4	%		3.8	%

Schedule of Expected Benefit Payments

The following table reflects the total benefit payments expected to be made for defined benefit plans and other long-term postemployment benefits:

	Defined Benefit Plans		Other Postemployment Benefit Plans
Fiscal Year 2022	$	2.2	$	2.9
Fiscal Year 2023		2.2		3.4
Fiscal Year 2024		3.3		3.6
Fiscal Year 2025		2.3		2.5
Fiscal Year 2026		1.9		2.0
Fiscal Years 2027-2031		13.1		6.7

Defined Benefit Plan, Plan Assets, Category

The tables below present the fair value of the defined benefit pension plans by level within the fair value hierarchy, as described in Note 3–Summary of Significant Accounting Policies, at January 2, 2022 and January 3, 2021.

	Fair Value Measurements at January 2, 2022
	Total		Level 1		Level 2		Level 3
U.S. equity securities	$	3.3	$	3.3	$	—	$	—
Japan equity securities		4.9		4.9		—		—
Other international equity securities		1.7		1.7		—		—
U.S. government bonds		0.3		0.3		—		—
Japan government bonds		0.2		0.2		—		—
Other international government bonds		1.9		1.9		—		—
Cash and cash equivalents		6.2		6.2		—		—
Insurance contracts		5.6		—		—		5.6
Total	$	24.1	$	18.5	$	—	$	5.6

	Fair Value Measurements at January 3, 2021
	Total		Level 1		Level 2		Level 3
U.S. equity securities	$	3.1	$	3.1	$	—	$	—
Japan equity securities		4.9		4.9		—		—
Other international equity securities		1.7		1.7		—		—
U.S. government bonds		0.3		0.3		—		—
Japan government bonds		0.7		0.7		—		—
Other international government bonds		1.9		1.9		—		—
Cash and cash equivalents		7.3		7.3		—		—
Insurance contracts		4.8		—		—		4.8
Total	$	24.7	$	19.9	$	—	$	4.8

Schedule of Allocation of Plan Assets

The table below presents a rollforward of activity for the Level 3 assets for the fiscal years ended January 2, 2022 and January 3, 2021.

Balance at December 29, 2019	$	3.6
Net purchases and settlements		1.0
Currency translation adjustment		0.2
Balance at January 3, 2021		4.8
Net purchases and settlements		1.0
Currency translation adjustment		(0.3	)
Balance at January 2, 2022	$	5.6