Retirement and Post Retirement Health Care Plans (Tables)

12 Months Ended

Dec. 29, 2018

Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]

Schedule Of Defined Benefit Pension Assets Investment

The Company's target allocation, target return and actual weighted-average asset allocation by asset category are as follows:

	Target		Actual Allocation
	Allocation	Return	2018	2017
Equity Investments	73%	6.5 - 8.3%	68%	71%
Fixed Income	22%	3.7 - 6.1%	27%	24%
Other	5%	5.4%	5%	5%
Total	100%	7.0%	100%	100%

Schedule Of Reconciliation Of Funded Status Of The Defined Benefit Plans

The following table presents a reconciliation of the benefit obligation of the post retirement health care plan (in millions):

Change in Accumulated Post Retirement Benefit Obligation	2018			2017
Obligation at Beginning of Period	$	12.1		$	13.8
Service Cost	0.1			0.1
Interest Cost	0.4			0.4
Actuarial Gain	(2.8		)	(1.3		)
Participant Contributions	0.4			0.5
Less: Benefits Paid	1.0			1.4
Obligation at End of Period	$	9.2		$	12.1

The following table presents a reconciliation of the funded status of the defined benefit pension plans (in millions):

	2018			2017
Change in Projected Benefit Obligation:
Obligation at Beginning of Period	$	278.0		$	256.9
Service Cost	7.3			7.2
Interest Cost	9.3			9.3
Actuarial (Gain) Loss	(14.9		)	16.2
Less: Benefits Paid	13.3			13.2
Foreign Currency Translation	(1.3		)	1.6
Obligation at End of Period	$	265.1		$	278.0
Change in Fair Value of Plan Assets:
Fair Value of Plan Assets at Beginning of Period	185.3			160.3
Actual Return on Plan Assets	(8.2		)	28.7
Employer Contributions	10.9			8.6
Less: Benefits Paid	13.3			13.2
Foreign Currency Translation	(0.7		)	0.9
Fair Value of Plan Assets at End of Period	$	174.0		$	185.3
Funded Status	$	(91.1	)	$	(92.7	)

Schedule Of Fair Value Of Plan Assets

Pension assets by type and level are as follows (in millions):

	December 29, 2018
	Total		Level 1		Level 2		Level 3
Cash and Cash Equivalents	$	3.9	$	3.9	$	—	$	—
Common Stocks:
Domestic Equities	22.4		22.4		—		—
International Equities	13.7		13.7		—		—
Mutual Funds:
US Equity Funds	24.8		24.8		—		—
International Equity Funds	2.5		2.5		—		—
Balanced Funds	8.5		8.5		—		—
Fixed Income Funds	17.3		17.3		—		—
Other	1.5		1.5		—		—
Real Estate Fund	10.3		—		—		10.3
	$	104.9	$	94.6	$	—	$	10.3
Investments Measured at Net Asset Value	69.1
Total	$	174.0

	December 30, 2017
	Total		Level 1		Level 2		Level 3
Cash and Cash Equivalents	$	4.4	$	4.4	$	—	$	—
Common Stocks:
Domestic Equities	27.1		27.1		—		—
International Equities	14.6		14.6		—		—
Mutual Funds:
US Equity Funds	25.4		25.4		—		—
International Equity Funds	19.0		19.0		—		—
Balanced Funds	8.3		8.3		—		—
Fixed Income Funds	15.1		15.1		—		—
Other	1.5		1.5		—		—
Real Estate Fund	9.6		—		—		9.6
	$	125.0	$	115.4	$	—	$	9.6
Investments Measured at Net Asset Value	60.3
Total	$	185.3

The following table sets forth additional disclosures for the fair value measurement of the fair value of pension plan assets that calculate fair value based on NAV per share practical expedient as of December 29, 2018 and December 30, 2017 (in millions):

	2018		2017
Common Collective Trust Funds	$	61.7	$	51.7
Global Emerging Markets Fund Limited Partnership	7.4		8.6
Total	$	69.1	$	60.3

Schedule of Level Three Defined Benefit Plan Assets

The table below sets forth a summary of changes in the Company's Level 3 assets in its pension plan investments as of December 29, 2018 and December 30, 2017 (in millions):

	2018		2017
Beginning Balance	$	9.6	$	10.0
Net Purchases (Sales)	0.6		(0.5		)
Net Gains	0.1		0.1
Ending Balance	$	10.3	$	9.6

The following table sets forth a summary of quantitative information about the significant unobservable inputs used in the fair value measurement of the Level 3 real estate fund as of December 29, 2018 (in millions):

Fair Value	Significant Unobservable Inputs
$10.3	Exit Capitalization Rate	4.9% to 7.0%
	Discount Rate	6.6% to 7.8%

The following table sets forth a summary of quantitative information about the significant unobservable inputs used in the fair value measurement of the Level 3 real estate fund as of December 30, 2017 (in millions):

Fair Value	Significant Unobservable Inputs
$9.6	Exit Capitalization Rate	4.9% to 7.0%
	Discount Rate	6.6% to 8.0%

Schedule Of Amounts Recognized in Balance Sheet of Defined Benefit Plans

The Company recognized the funded status of its defined benefit pension plans on the Consolidated Balance Sheets as follows (in millions):

	2018		2017
Accrued Compensation and Employee Benefits	$	3.4	$	2.9
Pension and Other Post Retirement Benefits	87.7		89.8
Total	$	91.1	$	92.7
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Loss	$	52.3	$	51.3
Prior Service Cost	1.4		1.0
Total	$	53.7	$	52.3

The Company recognized the funded status of its post retirement health care plan on the balance sheet as follows (in millions):

	2018			2017
Accrued Compensation and Employee Benefits	$	0.7		$	0.9
Pension and Other Post Retirement Benefits	8.5			11.2
Total	$	9.2		$	12.1
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial (Gain) Loss	$	(3.7	)	$	(0.9	)

Schedule Of Weighted-Average Assumptions Used To Determine Projected Benefit Obligation

The following weighted average assumptions were used to determine the projected benefit obligation as of December 29, 2018 and December 30, 2017, respectively:

	2018	2017
Discount Rate	4.4%	3.8%

Schedule Of Net Periodic Pension Benefit Costs For The Defined Benefit Plans

Net periodic benefit costs for the post retirement health care plan were as follows (in millions):

	2018		2017
Service Cost	$	0.1	$	0.1
Interest Cost	0.4		0.4
Net Periodic Benefit Cost	$	0.5	$	0.5

Net periodic pension benefit costs and the net actuarial loss and prior service cost recognized in other comprehensive income (“OCI”) for the defined benefit pension plans were as follows (in millions):

	2018			2017			2016
Service Cost	$	7.3		$	7.2		$	8.1
Interest Cost	9.3			9.3			9.8
Expected Return on Plan Assets	(11.9		)	(11.2		)	(11.9		)
Amortization of Net Actuarial Loss	3.5			2.3			3.1
Amortization of Prior Service Cost	0.2			0.2			0.2
Net Periodic Benefit Cost	$	8.4		$	7.8		$	9.3
Change in Obligations Recognized in OCI, Net of Tax
Prior Service Cost	$	0.2		$	0.1		$	0.1
Net Actuarial Loss	2.7			1.5			2.0
Total Recognized in OCI	$	2.9		$	1.6		$	2.1

Schedule Of Assumptions Used To Determine Net Periodic Pension Cost

The following assumptions were used to determine the projected benefit obligation as of December 29, 2018 and December 30, 2017, respectively.

	2018	2017
Discount Rate	4.2%	3.5%

The following weighted average assumptions were used to determine net periodic pension cost for fiscal years 2018, 2017 and 2016, respectively.

	2018	2017	2016
Discount Rate	3.8%	4.3%	4.6%
Expected Long-Term Rate of Return on Assets	6.9%	7.0%	7.2%

Schedule Of Pension Benefit Payments Expected Future Service

The following post retirement benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in millions):

Year	Expected Payments
2019	$	0.7
2020	0.8
2021	0.9
2022	0.9
2023	0.9
2024-2027	3.8

The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in millions):

Year	Expected Payments
2019	$	15.4
2020	15.8
2021	16.4
2022	16.5
2023	16.9
2024-2027	88.7