PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS (Tables)

9 Months Ended

Oct. 03, 2021

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Benefit Cost

The components of net periodic benefit cost for the three months ended October 3, 2021 and September 27, 2020 were as follows:

	Pension Benefits				Other Benefits
	Three Months Ended				Three Months Ended
	October 3, 2021		September 27, 2020		October 3, 2021		September 27, 2020
Service cost	$	5,256	$	5,431	$	45	$	39
Interest cost	4,785		6,125		964		1,508
Expected return on plan assets	(12,249)		(13,243)		—		—
Amortization of prior service (credit) cost	(1,536)		(1,823)		—		75
Amortization of net loss (gain)	4,585		7,026		—		(10)
Settlement loss	5,408		1,282		—		—
Total net periodic benefit cost	$	6,249	$	4,798	$	1,009	$	1,612

The components of net periodic benefit cost for the nine months ended October 3, 2021 and September 27, 2020 were as follows:

 

	Pension Benefits				Other Benefits
	Nine Months Ended				Nine Months Ended
	October 3, 2021		September 27, 2020		October 3, 2021		September 27, 2020
Service cost	$	16,178	$	16,274	$	135	$	119
Interest cost	13,511		20,081		2,893		4,520
Expected return on plan assets	(36,861)		(39,553)		—		—
Amortization of prior service (credit) cost	(4,607)		(5,474)		—		225
Amortization of net loss (gain)	16,005		20,190		—		(29)
Settlement loss	12,848		4,935		—		—
Total net periodic benefit cost	$	17,074	$	16,453	$	3,028	$	4,835