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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
3 Months Ended
Mar. 31, 2024
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:
Three Months Ended
 March 31, 2024March 26, 2023
Pension BenefitsOther BenefitsPension BenefitsOther Benefits
(In thousands)
Change in projected benefit obligation:
Projected benefit obligation, beginning of period$237,508 $1,160 $236,147 $1,169 
Interest cost2,266 2,314 
Actuarial gain(7,050)(6)(3,134)(15)
Benefits paid(3,759)(47)(3,838)(29)
Currency translation gain(817)— (1,082)— 
Projected benefit obligation, end of period$228,148 $1,116 $230,407 $1,134 
Three Months Ended
 March 31, 2024March 26, 2023
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
(In thousands)
Change in plan assets:
Fair value of plan assets, beginning of period$225,451 $— $210,133 $— 
Actual return on plan assets1,935 — 3,357 — 
Contributions by employer2,161 47 2,109 29 
Benefits paid(3,759)(47)(3,838)(29)
Expenses paid from assets(60)— (94)— 
Currency translation loss(783)— (1,012)— 
Fair value of plan assets, end of period$224,945 $— $210,655 $— 
 March 31, 2024December 31, 2023
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
(In thousands)
Funded status:
Unfunded benefit obligation, end of period$(3,203)$(1,116)$(12,057)$(1,160)
 March 31, 2024December 31, 2023
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
(In thousands)
Amounts recognized in the Condensed Consolidated Balance Sheets at end of period:
Noncurrent asset$1,393 $— $— $— 
Current liability(237)(186)(7,717)(187)
Long-term liability(4,359)(930)(4,340)(973)
Net financial position$(3,203)$(1,116)$(12,057)$(1,160)
March 31, 2024December 31, 2023
Pension BenefitsOther BenefitsPension BenefitsOther Benefits
(In thousands)
Amounts recognized in accumulated other comprehensive loss at end of period:
Net actuarial loss (gain)$33,382 $(93)$40,487 $(87)
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
March 31, 2024March 26, 2023
Pension BenefitsOther BenefitsPension BenefitsOther Benefits
(In thousands)
Interest cost$2,266 $$2,314 $
Estimated return on plan assets(2,447)— (2,222)— 
Expenses paid from assets60 — 94 — 
Amortization of net loss136 — 179 — 
Amortization of past service cost— — 
Net costs(a)
$19 $$369 $
(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:
 March 31, 2024December 31, 2023
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Assumptions used to measure benefit obligation at end of period:
Discount rate5.15 %5.27 %4.81 %5.06 %
Three Months Ended
March 31, 2024March 26, 2023
Pension BenefitsOther BenefitsPension BenefitsOther Benefits
Assumptions used to measure net pension and other postretirement cost:
Discount rate4.81 %5.06 %5.04 %5.16 %
Expected return on plan assets5.05 %NA4.97 %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:
Three Months Ended
 March 31, 2024March 26, 2023
 Pension BenefitsOther BenefitsPension BenefitsOther Benefits
 (In thousands)
Net actuarial loss (gain), beginning of period$40,487 $(87)$48,121 $(66)
Amortization(140)— (183)— 
Actuarial gain(7,050)(6)(3,134)(15)
Asset loss (gain)511 — (1,136)— 
Currency translation gain(426)— (83)— 
Net actuarial loss (gain), end of period$33,382 $(93)$43,585 $(81)