PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 29, 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:

	Nine Months Ended
	September 29, 2024				September 24, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Change in projected benefit obligation
Projected benefit obligation, beginning of period	$	237,508	$	1,160	$	236,147	$	1,169
Interest cost	8,089		35		7,918		36
Actuarial loss (gain)	(8,762)		9		(11,882)		(24)
Benefits paid	(10,037)		(124)		(11,987)		(118)
Curtailments and settlements	(46,250)		—		—		—
Currency translation loss	3,601		—		5,201		—
Projected benefit obligation, end of period	$	184,149	$	1,080	$	225,397	$	1,063

	Nine Months Ended
	September 29, 2024				September 24, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Change in plan assets
Fair value of plan assets, beginning of period	$	225,451	$	—	$	210,133	$	—
Actual return on plan assets	8,724		—		5,048		—
Contributions by employer	4,965		124		6,423		118
Benefits paid	(10,037)		(124)		(11,987)		(118)
Curtailments and settlements	(46,250)		—		—		—
Expenses paid from assets	(304)		—		(200)		—
Currency translation gain	3,739		—		4,834		—
Fair value of plan assets, end of period	$	186,288	$	—	$	214,251	$	—

	September 29, 2024				December 31, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Funded status
Overfunded (underfunded) benefit obligation, end of period	$	2,139	$	(1,080)	$	(12,057)	$	(1,160)

	September 29, 2024				December 31, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Amounts recognized in the Condensed Consolidated Balance Sheets at end of period
Noncurrent asset	$	2,362	$	—	$	—	$	—
Current liability	(237)		(187)		(7,717)		(187)
Long-term liability	14		(893)		(4,340)		(973)
Net financial position	$	2,139	$	(1,080)	$	(12,057)	$	(1,160)

	September 29, 2024				December 31, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Amounts recognized in accumulated other comprehensive loss at end of period
Net actuarial loss (gain)	$	19,565	$	(78)	$	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								Nine Months Ended
	September 29, 2024				September 24, 2023				September 29, 2024				September 24, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits		Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Interest cost	$	3,140	$	13	$	2,821	$	14	$	8,089	$	35	$	7,918	$	36
Estimated return on plan assets	(3,127)		—		(2,596)		—		(8,330)		—		(7,349)		—
Settlement loss	10,774		—		—		—		10,774		—		—		—
Expenses paid from assets	112		—		54		—		304		—		200		—
Amortization of net loss	259		—		261		—		594		—		701		—
Amortization of past service cost	4		—		5		—		13		—		13		—
Net costs(a)	$	11,162	$	13	$	545	$	14	$	11,444	$	35	$	1,483	$	36

(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:

	September 29, 2024				December 31, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
Assumptions used to measure benefit obligation at end of period
Discount rate	4.96	%	4.88	%	4.81	%	5.06	%

	Nine Months Ended
	September 29, 2024				September 24, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
Assumptions used to measure net pension and other postretirement cost
Discount rate	4.79	%	5.06	%	5.09	%	5.16	%
Expected return on plan assets	5.42	%	N/A		4.98	%	N/A

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 29, 2024				September 24, 2023
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
	(In thousands)
Net actuarial loss (gain), beginning of period	$	40,487	$	(87)	$	48,121	$	(66)
Amortization	(607)		—		(714)		—
Realized loss on settlement	(10,774)		—		—		—
Actuarial loss (gain)	(8,762)		9		(11,882)		(24)
Asset loss (gain)	(394)		—		2,301		—
Currency translation loss (gain)	(385)		—		364		—
Net actuarial loss (gain), end of period	$	19,565	$	(78)	$	38,190	$	(90)