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Employee Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures
A summary of the plans’ net periodic pension cost, benefit obligations, funded status, and net balance sheet position is as follows (dollars in thousands)
Fiscal 2022Fiscal 2021
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
Net Periodic Pension Cost (Benefit):    
Service cost$— $— $— $773 
Interest cost923 25,032 841 17,340 
Expected return on assets(1,073)(74,581)(1,029)(78,956)
Amortization of net loss758 3,671 1,118 12,741 
Amortization of prior service cost— 2,589 — 2,879 
 $608 $(43,289)$930 $(45,223)
Change in Benefit Obligation:    
Benefit obligation – beginning of year$36,423 $1,544,147 $38,897 $1,744,574 
Service cost— — — 773 
Interest on benefit obligations923 25,032 841 17,340 
Member contributions— — — 81 
Actuarial gain(8,060)(409,462)(1,617)(135,475)
Net benefit payments(1,736)(59,682)(1,698)(65,138)
Exchange effect— (153,882)— (18,008)
Benefit obligation – end of year$27,550 $946,153 $36,423 $1,544,147 
Change in Plan Assets:    
Plan assets at fair value – beginning of year$18,289 $1,342,601 $17,455 $1,296,516 
Company contributions1,173 5,442 1,233 4,890 
Investment (loss) gain(2,728)(207,270)1,299 123,708 
Member contributions— — — 81 
Benefit payments and plan expenses(1,736)(59,682)(1,698)(65,138)
Exchange effect— (137,334)— (17,456)
Plan assets at fair value – end of year$14,998 $943,757 $18,289 $1,342,601 
Funded Status:    
Unfunded benefit obligation$(12,552)$(2,396)$(18,134)$(201,546)
Amounts recognized in balance sheet at year end:    
Accrued pension benefits$(12,552)$(2,396)$(18,134)$(201,546)
Fiscal 2022Fiscal 2021
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
Pre-tax components in accumulated other comprehensive income at period end:    
Net actuarial loss$2,402 $121,292 $7,419 $281,745 
Pre-tax components recognized in other comprehensive income for the period:
Current year actuarial gain$(4,259)$(148,515)$(1,887)$(181,518)
Actuarial loss recognized(758)(4,272)(1,118)(12,832)
Prior service cost recognized— (7,666)— (3,457)
Total amount recognized$(5,017)$(160,453)$(3,005)$(197,807)
Accumulated Benefit Obligation$27,550 $946,136 $36,423 $1,544,117 
Salary growth raten/a0.8 %n/a0.8 %
Assumed discount rate4.9 %4.8 %2.6 %1.9 %
Expected return on assets6.0 %6.2 %6.0 %6.2 %
Schedule of Allocation of Plan Assets
The assets of the plans were invested in the following classes of securities (none of which were securities of the company):
 
U.S. Plans:
 Target AllocationPercentage of Plan Assets
  20222021
Equity48 %45 %53 %
Fixed income40 40 36 
Money market
Other (real estate investment trusts & commodities contracts)10 10 
 100 %100 %100 %

Non-U.S. Plans:
 Target AllocationPercentage of Plan Assets
  20222021
Equity17 %10 %11 %
Fixed income38 55 56 
Alternatives/Other32 19 15 
Real Estate13 10 15 
Cash and cash equivalents— 
 100 %100 %100 %
Pension Plans Fair Value Of Investments The following tables summarize the basis used to measure the pension plans’ assets at fair value as of December 31, 2022 and January 1, 2022 (in thousands):
     
U.S. Plans:
Fiscal 2022Fiscal 2021
Asset CategoryTotalQuoted Prices in Active Markets for Identical Assets (Level 1)Net Asset ValueTotalQuoted Prices in Active Markets for Identical Assets (Level 1)Net Asset Value
Short Term Investment Fund (a)$771 $— $771 $274 $— $274 
Equity Securities:  
Large Cap2,818 2,818 — 3,928 3,928 — 
Mid Cap555 555 — 413 413 — 
Small Cap329 329 — 424 424 — 
International3,002 3,002 — 4,918 4,918 — 
Fixed Income:  
Government/Corporate4,973 4,973 — 5,137 5,137 — 
High Yield1,041 1,041 — 1,383 1,383 — 
Alternative:  
Global Real Estate Investment Trust602 602 — 758 758 — 
Commodities Contracts907 907 — 1,054 1,054 — 
Total$14,998 $14,227 $771 $18,289 $18,015 $274 

(a)Represents collective short term investment fund, composed of high-grade money market instruments with short maturities.
Non-U.S. Plans:
Fiscal 2022
Asset CategoryTotalQuoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Net Asset Value
Cash and cash equivalents$52,041 $5,372 $7,372 $— $39,297 
Equity Securities:    
UK3,677 68 — — 3,609 
International:
Developed70,611 2,634 — — 67,977 
Emerging18,642 298 — — 18,344 
Unquoted/Private Equity2,083 — — — 2,083 
Fixed Income:
Government/Corporate:
UK 191,868 8,933 — — 182,935 
International127,485 — — — 127,485 
Index Linked199,220 1,433 — — 197,787 
Other1,806 — — — 1,806 
Real Estate:
Direct83,280 — 83,280 — — 
Indirect5,073 58 — — 5,015 
Hedge Fund Strategy:
Equity Long/Short30,266 — — — 30,266 
Arbitrage & Event22,398 — — — 22,398 
Directional Trading & Fixed Income6,099 — — — 6,099 
Cash & Other169,504 — — — 169,504 
Direct Sourcing4,014 — — — 4,014 
Leveraged Loans8,539 — — — 8,539 
Alternative/Other(52,849)1,583 — — (54,432)
Total$943,757 $20,379 $90,652 $— $832,726 
 
Fiscal 2021
Asset CategoryTotalQuoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Net Asset Value
Cash and cash equivalents$51,780 $6,566 $5,092 $— $40,122 
Equity Securities:    
UK6,470 1,878 — — 4,592 
International:
Developed117,751 3,034 — — 114,717 
Emerging31,392 435 — — 30,957 
Unquoted/Private Equity2,195 — — 2,194 
Fixed Income:
Government/Corporate:
UK 259,833 15,471 — — 244,362 
International114,973 — — — 114,973 
Index Linked364,666 2,138 — — 362,528 
Other7,811 — — — 7,811 
Convertible Bonds185 — — — 185 
Real Estate:
Direct183,045 — 183,045 — — 
Indirect8,030 80 3,038 — 4,912 
Hedge Fund Strategy:
Equity Long/Short29,345 — — — 29,345 
Arbitrage & Event25,788 — — — 25,788 
Directional Trading & Fixed Income3,266 — — — 3,266 
Cash & Other196,930 — — — 196,930 
Direct Sourcing1,156 — — — 1,156 
Leveraged Loans30,224 — — — 30,224 
Alternative/Other(92,239)453 — — (92,692)
Total$1,342,601 $30,056 $191,175 $— $1,121,370 
Schedule of Expected Benefit Payments
Estimated future benefit payments under the plans are as follows (dollars in thousands):
 
 U.S.
Plans
Non-U.S.
Plans
2023$1,814 $55,341 
20241,822 55,551 
20251,841 56,522 
20261,784 56,243 
2027 through 203211,573 338,542