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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 9 Months Ended
Sep. 27, 2020
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plan Obligations and Assets The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Condensed Consolidated Balance Sheets for the defined benefit plans were as follows:
 Nine Months Ended September 27, 2020Nine Months Ended September 29, 2019
Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Change in projected benefit obligation:(In thousands)
Projected benefit obligation, beginning of period$369,066 $1,527 $157,619 $1,462 
Interest cost6,047 27 4,402 39 
Actuarial losses30,650 75 20,726 130 
Benefits paid(9,763)(120)(4,564)(111)
Curtailments and settlements(7,083)— (8,783)— 
Other22 — — — 
Currency translation gain(4,071)— — — 
Projected benefit obligation, end of period$384,868 $1,509 $169,400 $1,520 

 Nine Months Ended September 27, 2020Nine Months Ended September 29, 2019
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Change in plan assets:(In thousands)
Fair value of plan assets, beginning of period$294,589 $— $102,414 $— 
Actual return on plan assets(5,343)— 12,637 — 
Contributions by employer11,801 120 6,096 111 
Benefits paid(9,763)(120)(4,564)(111)
Curtailments and settlements(7,083)— (8,783)— 
Other(603)— — — 
Currency translation loss(4,337)— — — 
Fair value of plan assets, end of period$279,261 $— $107,800 $— 

 September 27, 2020December 29, 2019
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Funded status:(In thousands)
Unfunded benefit obligation, end of period$(105,607)$(1,509)$(74,477)$(1,527)
 September 27, 2020December 29, 2019
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Amounts recognized in the Condensed Consolidated Balance Sheets at end of period:(In thousands)
Current liability$(3,605)$(156)$(14,967)$(158)
Long-term liability(102,002)(1,353)(59,510)(1,369)
Recognized liability$(105,607)$(1,509)$(74,477)$(1,527)

September 27, 2020December 29, 2019
Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Amounts recognized in accumulated other
comprehensive loss at end of period:		(In thousands)
Net actuarial loss$100,579 $166 $58,239 $91 
Schedule of Net Defined Benefit Pension and Other Postretirement Costs Net defined benefit pension and other postretirement costs included the following components:
Three Months Ended September 27, 2020Three Months Ended September 29, 2019Nine Months Ended September 27, 2020Nine Months Ended September 29, 2019
Pension BenefitsOther BenefitsPension BenefitsOther BenefitsPension BenefitsOther BenefitsPension BenefitsOther Benefits
(In thousands)
Interest cost$1,997 $9 $1,468 $13 $6,047 $27 $4,402 $39 
Estimated return on plan assets(3,256)— (1,349)— (9,754)— (4,047)— 
Settlement loss2,941 — 1,134 — 2,941 — 3,064 — 
Other87 — — — 624 — — — 
Amortization of net loss376 — 328 — 1,127 — 984 — 
Net costs$2,145 $9 $1,581 $13 $985 $27 $4,403 $39 
Schedule of Economic Assumptions, and Impact of Change in Discount Rate on Benefit Obligation The weighted average assumptions used in determining pension and other postretirement plan information were as follows:
 September 27, 2020December 29, 2019
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Assumptions used to measure benefit obligation at end
of period:
Discount rate1.97 %2.05 %2.56 %2.77 %

Nine Months Ended September 27, 2020Nine Months Ended September 29, 2019
Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Assumptions used to measure net pension and other
postretirement cost:
Discount rate2.51 %2.77 %4.40 %4.07 %
Expected return on plan assets4.67 %NA5.50 %NA
The sensitivity of the projected benefit obligation for pension benefits to changes in the discount rate is set out below. The impact of a change in the discount rate of 0.25% on the projected benefit obligation for other benefits is less than $1,000. This sensitivity analysis is based on changing one assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to variations in significant actuarial assumptions, the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as for calculating the liability recognized in the Condensed Consolidated Balance Sheets.
Increase in Discount Rate of 0.25%Decrease in Discount Rate of 0.25%
(In thousands)
Impact on projected benefit obligation for pension benefits$(10,302)$10,846 
Schedule of Plan Asset Allocations The following table reflects the pension plans’ actual asset allocations:
September 27, 2020December 29, 2019
Cash and cash equivalents2 %4 %
Pooled separate accounts for the Union Plan(a):
Equity securities2 %2 %
Fixed income securities2 %2 %
Pooled separate accounts and common collective trust funds for the GK Pension Plan(a):
Equity securities19 %20 %
Fixed income securities13 %12 %
Real estate2 %2 %
Pooled separate accounts for the UK Plans(a):
Equity securities33 %40 %
Fixed income securities20 %18 %
Real estate7 %— %
Total assets100 %100 %
(a)    Pooled separate accounts (“PSAs”) and common collective trust funds (“CCTs”) are two of the most common types of alternative vehicles in which benefit plans invest. These investments are pooled funds that look like mutual funds, but they are not registered with the SEC. Often times, they will
be invested in mutual funds or other marketable securities, but the unit price generally will be different from the value of the underlying securities because the fund may also hold cash for liquidity purposes, and the fees imposed by the fund are deducted from the fund value rather than charged separately to investors. Some PSAs and CCTs have no restrictions as to their investment strategy and can invest in riskier investments, such as derivatives, hedge funds, private equity funds, or similar investments.
Schedule of Fair Value Measurements of Plan Assets The fair value measurements of plan assets fell into the following levels of the fair value hierarchy as of September 27, 2020 and December 29, 2019:
September 27, 2020December 29, 2019
Level 1(a)
Level 2(b)
Level 3(c)
Total
Level 1(a)
Level 2(b)
Level 3(c)
Total
 (In thousands)
Cash and cash equivalents$6,819 $— $— $6,819 $11,582 $— $— $11,582 
PSAs for the Union Plan:
Large U.S. equity funds(d)
— 2,962 — 2,962 — 3,071 — 3,071 
Small/Mid U.S. equity funds(e)
— 368 — 368 — 372 — 372 
International equity funds(f)
— 1,772 — 1,772 — 1,878 — 1,878 
Fixed income funds(g)
— 5,037 — 5,037 — 4,452 — 4,452 
PSAs and CCTs for the GK Pension Plan:
Large U.S. equity funds(d)
— 26,324 — 26,324 — 20,378 — 20,378 
Small/Mid U.S. equity funds(e)
— 13,763 — 13,763 — 12,495 — 12,495 
International equity funds(f)
— 14,105 — 14,105 — 25,149 — 25,149 
Fixed income funds(g)
— 37,365 — 37,365 — 35,627 — 35,627 
Real estate(h)
— 5,664 — 5,664 — 5,613 — 5,613 
PSAs for the UK Plans:
Large U.S. equity funds(d)
— 35,091 — 35,091 — 17,756 — 17,756 
International equity funds(f)
— 56,792 — 56,792 — 102,494 — 102,494 
Fixed income funds(g)
— 57,223 — 57,223 — 53,722 — 53,722 
Real estate(h)
— 15,976 — 15,976 — — — — 
Total assets$6,819 $272,442 $— $279,261 $11,582 $283,007 $— $294,589 
(a)    Unadjusted quoted prices in active markets for identical assets are used to determine fair value.
(b)    Quoted prices in active markets for similar assets and inputs that are observable for the asset are used to determine fair value.
(c)    Unobservable inputs, such as discounted cash flow models or valuations, are used to determine fair value.
(d)    This category is comprised of investment options that invest in stocks, or shares of ownership, in large, well-established U.S. companies. These investment options typically carry more risk than fixed income options but have the potential for higher returns over longer time periods.
(e)    This category is generally comprised of investment options that invest in stocks, or shares of ownership, in small to medium-sized U.S. companies. These investment options typically carry more risk than larger U.S. equity investment options but have the potential for higher returns.
(f)    This category is comprised of investment options that invest in stocks, or shares of ownership, in companies with their principal place of business or office outside of the U.S.
(g)    This category is comprised of investment options that invest in bonds, or debt of a company or government entity (including U.S. and non-U.S. entities). These investment options typically carry more risk than short-term fixed income investment options, but less overall risk than equities.
(h)    This category is comprised of investment options that invest in real estate investment trusts or private equity pools that own real estate. These long-term investments are primarily in office buildings, industrial parks, apartments or retail complexes. These investment options typically carry more risk, including liquidity risk, than fixed income investment options.
Schedule of Benefit Payments The following table reflects the benefits as of September 27, 2020 expected to be paid through 2029 from the Company's pension and other postretirement plans. The Company’s pension plans are primarily funded plans. Therefore, anticipated benefits with respect to these plans will come primarily from the trusts established for these plans. The Company's other postretirement plans are unfunded. Therefore, anticipated benefits with respect to these plans will come from the Company’s own assets.
Pension BenefitsOther Benefits
 (In thousands)
2020$11,551 $40 
202116,430 155 
202216,403 150 
202316,472 144 
202416,452 137 
2025-202981,067 565 
Total$158,375 $1,191 
Schedule of Unrecognized Benefit Amounts The amounts in accumulated other comprehensive loss that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows:
 Nine Months Ended September 27, 2020Nine Months Ended September 29, 2019
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
 (In thousands)
Net actuarial loss (gain), beginning of period$58,239 $91 $54,343 $(34)
Amortization(1,127)— (984)— 
Curtailment and settlement adjustments(2,941)— (3,064)— 
Actuarial loss30,650 75 20,726 129 
Asset loss (gain)15,089 — (8,590)— 
Currency translation loss669 — — — 
Net actuarial loss, end of period$100,579 $166 $62,431 $95