XML 27 R17.htm IDEA: XBRL DOCUMENT v3.21.2
RETIREMENT AND POST RETIREMENT HEALTH CARE PLANS
 6 Months Ended
Jul. 03, 2021
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
RETIREMENT AND POST RETIREMENT HEALTH CARE PLANS RETIREMENT AND POST RETIREMENT HEALTH CARE PLANS
The following table presents the Company’s net periodic benefit cost (income) components (in millions):
 Three Months EndedSix Months Ended
 July 3, 2021June 27, 2020July 3, 2021June 27, 2020
Service Cost$0.3 $0.3 $0.6 $1.1 
Interest Cost1.4 2.0 2.9 4.1 
Expected Return on Plan Assets(3.1)(3.3)(6.2)(6.6)
Amortization of Prior Service Cost and Net Actuarial Loss0.5 0.2 0.9 0.3 
Net Periodic Benefit Income$(0.9)$(0.8)$(1.8)$(1.1)

The service cost component is included in Cost of Sales and Operating Expenses. All other components of net periodic benefit costs are included in Other Income, Net on the Company's Condensed Consolidated Statements of Income.
For the three months ended July 3, 2021 and June 27, 2020, the Company contributed $1.6 million and $1.2 million, respectively, to post retirement plans. For the six months ended July 3, 2021 and June 27, 2020, the Company contributed $2.8 million and $2.3 million, respectively. The Company expects to make total contributions of $5.8 million in 2021. The Company contributed a total of $8.5 million in fiscal 2020.