Defined Benefit Plans (Tables)

9 Months Ended

Oct. 02, 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 nine-month periods ended October 2, 2020 and September 27, 2019 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):

	Three-Month Period Ended				Nine-Month Period Ended
	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019
Service cost:
Cost of sales	$	(2.9)	$	(2.0)	$	(7.2)	$	(6.2)
Selling, general and administrative expenses	(8.1)		(5.7)		(20.8)		(16.5)
Total service cost	(11.0)		(7.7)		(28.0)		(22.7)
Other net periodic benefit costs:
Other (expense) income, net	3.4		4.2		13.8		14.3
Total	$	(7.6)	$	(3.5)	$	(14.2)	$	(8.4)

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				Nine-Month Period Ended
	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019
U.S. pension benefits:
Service cost	$	—	$	(1.6)	$	—	$	(4.8)
Interest cost	(17.3)		(22.1)		(51.2)		(66.5)
Expected return on plan assets	30.1		31.0		89.7		94.2
Amortization of actuarial loss	(9.5)		(6.7)		(27.6)		(19.1)
Amortization of prior service cost	(0.2)		(0.2)		(0.7)		(0.7)
Net periodic pension benefit	$	3.1	$	0.4	$	10.2	$	3.1
Non-U.S. pension benefits:
Service cost	$	(10.9)	$	(6.0)	$	(27.7)	$	(17.6)
Interest cost	(6.0)		(6.1)		(16.2)		(18.4)
Expected return on plan assets	9.1		10.0		26.9		30.2
Amortization of actuarial loss	(2.4)		(1.1)		(7.1)		(3.3)
Amortization of prior service credit	0.2		—		0.8		0.1
Curtailment gain recognized	—		—		0.4		—
Settlement gain recognized	—		0.1		—		—
Net periodic pension cost	$	(10.0)	$	(3.1)	$	(22.9)	$	(9.0)

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				Nine-Month Period Ended
	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019
Service cost	$	(0.1)	$	(0.1)	$	(0.3)	$	(0.3)
Interest cost	(0.9)		(1.3)		(2.6)		(3.8)
Amortization of actuarial loss	(0.3)		—		(0.3)		—
Amortization of prior service credit	0.6		0.6		1.7		1.6
Net periodic cost	$	(0.7)	$	(0.8)	$	(1.5)	$	(2.5)