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Retirement and Post Retirement Health Care Plans (Tables)
 12 Months Ended
Jan. 02, 2021
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:

TargetActual Allocation
AllocationReturn20202019
Equity Investments70.4%
6.2 - 7.8%
72.4%70.0%
Fixed Income24.8%
1.5 - 4.8%
26.8%25.0%
Other4.8%5.6%0.8%5.0%
Total100.0%6.2%100.0%100.0%
Schedule Of Reconciliation Of Funded Status Of The Defined Benefit Plans
The following table presents a reconciliation of the funded status of the defined benefit pension plans (in millions):
20202019
Change in Projected Benefit Obligation:
Obligation at Beginning of Period$282.8 $265.1 
Service Cost2.0 6.2 
Interest Cost8.0 10.6 
Actuarial Loss21.2 34.9 
Curtailment Gain (1)
— (19.4)
Less: Benefits Paid15.9 14.8 
Foreign Currency Translation0.3 0.2 
Obligation at End of Period$298.4 $282.8 
Change in Fair Value of Plan Assets:
Fair Value of Plan Assets at Beginning of Period$203.4 $174.0 
Actual Return on Plan Assets33.7 33.1 
Employer Contributions8.5 10.8 
Less: Benefits Paid15.9 14.8 
Foreign Currency Translation0.5 0.3 
Fair Value of Plan Assets at End of Period$230.2 $203.4 
Funded Status$(68.2)$(79.4)
 (1) The curtailment gain is the result of a plan freeze announced to associates during the fourth quarter of fiscal 2019.
The following table presents a reconciliation of the accumulated benefit obligation of the post-retirement health care plan (in millions):
Change in Accumulated Post Retirement Benefit Obligation20202019
Obligation at Beginning of Period$5.9 $9.2 
Interest Cost0.2 0.3 
Actuarial (Gain) Loss0.1 (0.7)
Amendments— (1.9)
Curtailment Gain— (0.5)
Participant Contributions0.2 0.2 
Less: Benefits Paid0.5 0.7 
Obligation at End of Period$5.9 $5.9 
Schedule Of Fair Value Of Plan Assets
Pension assets by type and level are as follows (in millions):
January 2, 2021
TotalLevel 1Level 2Level 3
Cash and Cash Equivalents$1.3 $1.3 $— $— 
Mutual Funds:
US Equity Funds1.6 1.6 — — 
International Equity Funds3.5 3.5 — — 
Fixed Income Funds3.0 3.0 — — 
Other1.8 1.8 — — 
Real Estate Fund10.0 — — 10.0 
$21.2 $11.2 $— $10.0 
Investments Measured at Net Asset Value209.0 
Total$230.2 
December 28, 2019
TotalLevel 1Level 2Level 3
Cash and Cash Equivalents$5.1 $5.1 $— $— 
Common Stocks:
Domestic Equities26.4 26.4 — — 
International Equities19.2 19.2 — — 
Mutual Funds:
US Equity Funds30.1 30.1 — — 
International Equity Funds3.1 3.1 — — 
Balanced Funds9.5 9.5 — — 
Fixed Income Funds18.0 18.0 — — 
 Other1.7 1.7 — — 
Limited Liability Company8.3 — 8.3 — 
Real Estate Fund9.9 — — 9.9 
$131.3 $113.1 $8.3 $9.9 
Investments Measured at Net Asset Value72.1 
Total$203.4 

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 January 2, 2021 and December 28, 2019 (in millions):
20202019
Common Collective Trust Funds$209.0 $72.1 
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 January 2, 2021 and December 28, 2019 (in millions):
20202019
Beginning Balance$9.9 $10.3 
Net Purchases (Sales)— (1.6)
Net Gains 0.1 1.2 
Ending Balance$10.0 $9.9 
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 January 2, 2021 (in millions):
Fair ValueSignificant Unobservable Inputs
InputsRangeWeighted Average
$10.0Exit Capitalization Rate
4.5% to 7.0%
5.1%
Discount Rate
5.8% to 8.5%
6.3%
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 28, 2019 (in millions):
Fair ValueSignificant Unobservable Inputs
$9.9Exit Capitalization Rate
5.0% to 7.0%
Discount Rate
6.5% 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):
20202019
Accrued Compensation and Benefits$4.1 $4.0 
Pension and Other Post Retirement Benefits64.1 75.4 
Total$68.2 $79.4 
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Gain$43.7 $45.2 
Prior Service Cost0.9 1.1 
Total$44.6 $46.3 
The Company recognized the funded status of its post-retirement health care plan on the balance sheet as follows (in millions):
20202019
Accrued Compensation and Benefits$0.5 $0.5 
Pension and Other Post Retirement Benefits5.4 5.4 
Total$5.9 $5.9 
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Gain$(3.2)$(4.1)
Prior Service Cost(0.9)(1.7)
Total$(4.1)$(5.8)
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 January 2, 2021 and December 28, 2019, respectively:
20202019
Discount Rate2.6%3.3%
Schedule Of Net Periodic Pension Benefit Costs For The Defined Benefit Plans
Net periodic pension benefit costs and the net actuarial loss and prior service cost recognized in OCI for the defined benefit pension plans were as follows (in millions):
202020192018
Service Cost$2.0 $6.2 $7.3 
Interest Cost8.0 10.6 9.3 
Expected Return on Plan Assets(13.3)(12.5)(11.9)
Amortization of Net Actuarial Loss1.9 2.2 3.5 
Amortization of Prior Service Cost0.3 0.3 0.2 
Net Periodic Benefit Cost$(1.1)$6.8 $8.4 
Change in Obligations Recognized in OCI, Net of Tax
    Prior Service Cost$0.2 $0.2 $0.2 
    Net Actuarial Loss1.5 1.7 2.7 
Total Recognized in OCI$1.7 $1.9 $2.9 
Net periodic post retirement health care benefit costs for the post-retirement health care plan were as follows (in millions):
202020192018
Service Cost$— $— $0.1 
Interest Cost0.2 0.3 0.4 
Amortization of Net Actuarial Gain(0.6)(0.4)— 
Amortization of Prior Service Cost(0.9)(0.1)— 
Curtailment Gain— (0.5)— 
Net Periodic Post Retirement Health Care Benefit Cost$(1.3)$(0.7)$0.5 
Change in Obligations Recognized in OCI, Net of Tax
    Prior Service Gain$(0.7)$(0.1)$— 
    Net Actuarial Gain(0.5)(0.3)— 
Total Recognized in OCI$(1.2)$(0.4)$— 
Schedule Of Assumptions Used To Determine Net Periodic Pension Cost
The following weighted average assumptions were used to determine net periodic pension cost for fiscal years 2020, 2019 and 2018, respectively.
202020192018
Discount Rate3.3%4.4%3.8%
Expected Long-Term Rate of Return on Assets7.0%7.0%6.9%
The following assumptions were used to determine the accumulated post-retirement benefit obligation as of January 2, 2021 and December 28, 2019, respectively.
20202019
Discount Rate2.5%3.2%
The following assumptions were used to determine net periodic post-retirement health care benefit cost for fiscal years 2020, 2019 and 2018, respectively.
202020192018
Discount Rate3.2%4.2%3.5%
Schedule Of Pension Benefit Payments Expected Future Service
The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in millions):
YearExpected Payments
2021$17.3 
202216.0 
202316.4 
202416.6 
202517.0 
2026-202981.5 
The following post-retirement benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in millions):
YearExpected Payments
2021$0.5 
20220.4 
20230.4 
20240.4 
20250.4 
2026-20291.6