PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

6 Months Ended

Jun. 26, 2022

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:

	Six Months Ended
	June 26, 2022				June 27, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Change in projected benefit obligation:
Projected benefit obligation, beginning of period	$	373,062	$	1,346	$	404,194	$	1,593
Interest cost	3,224		10		2,437		8
Actuarial gain	(62,285)		(116)		(28,552)		(35)
Benefits paid	(6,344)		(66)		(5,978)		(70)
Curtailments and settlements	(3,762)		—		(2,689)		—
Currency translation (gain) loss	(11,305)		—		10,196		—
Projected benefit obligation, end of period	$	292,590	$	1,174	$	379,608	$	1,496

	Six Months Ended
	June 26, 2022				June 27, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Change in plan assets:
Fair value of plan assets, beginning of period	$	326,409	$	—	$	305,983	$	—
Actual return on plan assets	(42,499)		—		14,564		—
Contributions by employer	5,494		66		6,832		70
Benefits paid	(6,344)		(66)		(5,978)		(70)
Curtailments and settlements	(3,762)		—		(2,689)		—
Expenses paid from assets	(188)		—		(169)		—
Currency translation (gain) loss	(10,747)		—		8,764		—
Fair value of plan assets, end of period	$	268,363	$	—	$	327,307	$	—

	June 26, 2022				December 26, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Funded status:
Unfunded benefit obligation, end of period	$	(24,227)	$	(1,174)	$	(46,653)	$	(1,346)

	June 26, 2022				December 26, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Amounts recognized in the Condensed Consolidated Balance Sheets at end of period:
Current liability	$	(2,996)	$	(167)	$	(6,063)	$	(157)
Long-term liability	(21,231)		(1,007)		(40,590)		(1,189)
Recognized liability	$	(24,227)	$	(1,174)	$	(46,653)	$	(1,346)

	June 26, 2022				December 26, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Amounts recognized in accumulated other comprehensive loss at end of period:
Net actuarial loss	$	41,420	$	3	$	58,143	$	118

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								Six Months Ended
	June 26, 2022				June 27, 2021				June 26, 2022				June 27, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits		Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Interest cost	$	1,716	$	6	$	987	$	3	$	3,224	$	10	$	2,437	$	8
Estimated return on plan assets	(2,611)		—		(1,815)		—		(5,014)		—		(4,456)		—
Settlement loss	1,167		—		837		—		1,167		—		837		—
Expenses paid from assets	73		—		91		—		188		—		169		—
Amortization of net loss	341		—		381		—		568		—		946		1
Amortization of past service cost	4		—		3		—		9		—		8		—
Net costs(a)	$	690	$	6	$	484	$	3	$	142	$	10	$	(59)	$	9

(a)    Net costs are included in the line item Miscellaneous, net on the Condensed Consolidated Statements of Income.

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:

	June 26, 2022				December 26, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
Assumptions used to measure benefit obligation at end of period:
Discount rate	3.69	%	4.10	%	2.23	%	2.38	%

	Six Months Ended
	June 26, 2022				June 27, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
Assumptions used to measure net pension and other postretirement cost:
Discount rate	2.29	%	2.38	%	1.86	%	1.80	%
Expected return on plan assets	3.32	%	NA		3.53	%	NA

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:

	Six Months Ended
	June 26, 2022				June 27, 2021
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Net actuarial loss, beginning of period	$	58,143	$	118	$	95,522	$	174
Amortization	(577)		—		(954)		(1)
Settlement adjustments	(1,167)		—		(837)		—
Actuarial gain	(62,285)		(115)		(28,552)		(35)
Asset loss (gain)	47,513		—		(10,109)		—
Currency translation loss (gain)	(207)		—		776		—
Net actuarial loss, end of period	$	41,420	$	3	$	55,846	$	138