Defined Benefit Plans (Tables)

6 Months Ended

Jul. 03, 2020

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures

The net periodic benefit cost of the noncontributory defined benefit pension plans and other postretirement employee benefit plans incurred during the three and six-month periods ended July 3, 2020 and June 28, 2019 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):

	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Service cost:
Cost of sales	$	(2.8	)	$	(2.2	)	$	(4.3	)	$	(4.2	)
Selling, general and administrative expenses	(8.1		)	(5.3		)	(12.7		)	(10.8		)
Total service cost	(10.9		)	(7.5		)	(17.0		)	(15.0		)
Other net periodic benefit costs:
Other (expense) income, net	5.1			5.0			10.4			10.1
Total	$	(5.8	)	$	(2.5	)	$	(6.6	)	$	(4.9	)

Defined benefit pension plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The following sets forth the components of the Company’s net periodic benefit (cost) of the noncontributory defined benefit pension plans ($ in millions):

	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
U.S. pension benefits:
Service cost	$	—		$	(1.6	)	$	—		$	(3.2	)
Interest cost	(17.3		)	(22.2		)	(33.9		)	(44.4		)
Expected return on plan assets	30.5			31.6			59.6			63.2
Amortization of actuarial loss	(9.1		)	(6.2		)	(18.1		)	(12.4		)
Amortization of prior service cost	(0.3		)	(0.3		)	(0.5		)	(0.5		)
Net periodic pension benefit	$	3.8		$	1.3		$	7.1		$	2.7
Non-U.S. pension benefits:
Service cost	$	(10.8	)	$	(5.8	)	$	(16.8	)	$	(11.6	)
Interest cost	(5.7		)	(6.1		)	(10.2		)	(12.3		)
Expected return on plan assets	8.9			10.1			17.8			20.2
Amortization of actuarial loss	(2.3		)	(1.1		)	(4.7		)	(2.2		)
Amortization of prior service credit	0.3			0.1			0.6			0.1
Curtailment gain recognized	0.4			—			0.4			—
Settlement loss recognized	—			(0.1		)	—			(0.1		)
Net periodic pension cost	$	(9.2	)	$	(2.9	)	$	(12.9	)	$	(5.9	)

Other postretirement benefit plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The following sets forth the components of the Company’s net periodic benefit cost of the other postretirement employee benefit plans ($ in millions):

	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Service cost	$	(0.1	)	$	(0.1	)	$	(0.2	)	$	(0.2	)
Interest cost	(0.9		)	(1.3		)	(1.7		)	(2.5		)
Amortization of prior service credit	0.6			0.5			1.1			1.0
Net periodic cost	$	(0.4	)	$	(0.9	)	$	(0.8	)	$	(1.7	)