XML 89 R78.htm IDEA: XBRL DOCUMENT v3.20.2
PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Defined Benefit Plan Obligations and Assets) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Mar. 29, 2020
Dec. 29, 2019
Mar. 31, 2019
Change in plan assets:              
Fair value of plan assets, beginning of period     $ 294,589        
Fair value of plan assets, end of period $ 269,474   269,474        
Pension Benefits              
Change in projected benefit obligation:              
Projected benefit obligation, beginning of period     369,066 $ 157,619      
Interest cost 2,011 $ 1,467 4,050 2,934      
Actuarial losses     28,806 13,734      
Benefits paid     (9,965) (3,020)      
Curtailments and settlements     0 (5,718)      
Other     11 0      
Currency translation gain     (11,001) 0      
Projected benefit obligation, end of period 380,967 165,549 380,967 165,549      
Change in plan assets:              
Fair value of plan assets, beginning of period     294,589 102,414      
Actual return on plan assets     (9,948) 12,504      
Contributions by employer     5,173 3,924      
Benefits paid     (9,965) (3,020)      
Other     (526) 0      
Currency translation loss     (9,849) 0      
Fair value of plan assets, end of period 269,474 110,104 269,474 110,104      
Funded status:              
Unfunded benefit obligation, end of period (111,493)   (111,493)     $ (74,477)  
Amounts recognized in the Condensed Consolidated Balance Sheets at end of period:              
Current liability (9,356)   (9,356)     (14,967)  
Long-term liability (102,137)   (102,137)     (59,510)  
Recognized liability (111,493)   (111,493)     (74,477)  
Amounts recognized in accumulated other comprehensive loss at end of period:              
Net actuarial loss 102,530 55,685 102,530 55,685 $ 58,239 58,239 $ 54,343
Other Benefits              
Change in projected benefit obligation:              
Projected benefit obligation, beginning of period     1,527 1,462      
Interest cost 9 13 18 26      
Actuarial losses     64 96      
Benefits paid     (80) (74)      
Curtailments and settlements     0 0      
Other     0 0      
Currency translation gain     0 0      
Projected benefit obligation, end of period 1,529 1,510 1,529 1,510      
Change in plan assets:              
Fair value of plan assets, beginning of period     0 0      
Actual return on plan assets     0 0      
Contributions by employer     80 74      
Benefits paid     (80) (74)      
Other     0 0      
Currency translation loss     0 0      
Fair value of plan assets, end of period 0 0 0 0      
Funded status:              
Unfunded benefit obligation, end of period (1,529)   (1,529)     (1,527)  
Amounts recognized in the Condensed Consolidated Balance Sheets at end of period:              
Current liability (157)   (157)     (158)  
Long-term liability (1,372)   (1,372)     (1,369)  
Recognized liability (1,529)   (1,529)     (1,527)  
Amounts recognized in accumulated other comprehensive loss at end of period:              
Net actuarial loss $ 155 $ 62 $ 155 $ 62 $ 91 $ 91 $ (34)