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Retirement and Post Retirement Health Care Plans (Tables)
 12 Months Ended
Jan. 01, 2022
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
AllocationReturn20212020
Equity Investments37.7%
6.2 - 7.5%
35.7%72.4%
Fixed Income51.6%
2.5 - 5.8%
55.0%26.8%
Other10.7%
1.5% - 6.2%
9.3%0.8%
Total100.0%4.6%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):
20212020
Change in Projected Benefit Obligation:
Obligation at Beginning of Period$298.4 $282.8 
Service Cost1.2 2.0 
Interest Cost7.5 8.0 
Actuarial (Gain) Loss(1.2)21.2 
Less: Benefits Paid19.7 15.9 
Settlements(1.9)— 
Foreign Currency Translation(3.0)0.3 
Acquisitions305.9 — 
Obligation at End of Period$587.2 $298.4 
Change in Fair Value of Plan Assets:
Fair Value of Plan Assets at Beginning of Period$230.2 $203.4 
Actual Return on Plan Assets33.7 33.7 
Employer Contributions5.7 8.5 
Less: Benefits Paid19.7 15.9 
Settlements(1.9)— 
Foreign Currency Translation(1.3)0.5 
Acquisitions232.2 — 
Fair Value of Plan Assets at End of Period$478.9 $230.2 
Funded Status$(108.3)$(68.2)
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 Obligation20212020
Obligation at Beginning of Period$5.9 $5.9 
Interest Cost0.1 0.2 
Actuarial (Gain) Loss(0.2)0.1 
Curtailment Loss0.2 — 
Participant Contributions0.2 0.2 
Less: Benefits Paid0.5 0.5 
Acquisitions 2.7 — 
Obligation at End of Period$8.4 $5.9 
Schedule Of Fair Value Of Plan Assets
Pension assets by type and level are as follows (in millions):
January 1, 2022
TotalLevel 1Level 2Level 3
Cash and Cash Equivalents$5.3 $5.3 $— $— 
Mutual Funds:
US Equity Funds1.9 1.9 — — 
International Equity Funds3.9 3.9 — — 
Fixed Income Funds2.9 2.9 — — 
Other2.0 2.0 — — 
Insurance Contracts34.0 — — 34.0 
$50.0 $16.0 $— $34.0 
Investments Measured at Net Asset Value428.9 
Total$478.9 
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 

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 1, 2022 and January 2, 2021 (in millions):
20212021
Common Collective Trust Funds$428.9 $209.0 
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 1, 2022 and January 2, 2021 (in millions):
20212020
Real Estate FundInsurance ContractsTotalReal Estate Fund
Beginning Balance$10.0 $— $10.0 $9.9 
Acquisition— 33.6 33.6 — 
Net Sales(11.6)— (11.6)— 
Net Gains 1.6 1.4 3.0 0.1 
Translation— (1.0)(1.0)— 
Ending Balance$— $34.0 $34.0 $10.0 
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):
20212020
Other Noncurrent Assets$0.8 $— 
Accrued Compensation and Benefits(4.9)(4.1)
Pension and Other Post Retirement Benefits(104.2)(64.1)
Total$(108.3)$(68.2)
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Gain$20.5 $43.7 
Prior Service Cost0.7 0.9 
Total$21.2 $44.6 
The Company recognized the funded status of its post-retirement health care plan on the balance sheet as follows (in millions):
20212020
Accrued Compensation and Benefits$0.9 $0.5 
Pension and Other Post Retirement Benefits7.5 5.4 
Total$8.4 $5.9 
Amounts Recognized in Accumulated Other Comprehensive Loss
Net Actuarial Gain$(2.7)$(3.2)
Prior Service Cost— (0.9)
Total$(2.7)$(4.1)
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 1, 2022 and January 2, 2021, respectively:
20212020
Discount Rate2.7%2.6%
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):
202120202019
Service Cost$1.2 $2.0 $6.2 
Interest Cost7.5 8.0 10.6 
Expected Return on Plan Assets(14.5)(13.3)(12.5)
Amortization of Net Actuarial Loss3.0 1.9 2.2 
Amortization of Prior Service Cost0.2 0.3 0.3 
Net Periodic Benefit Cost$(2.6)$(1.1)$6.8 
Change in Obligations Recognized in OCI, Net of Tax
    Prior Service Cost$0.1 $0.2 $0.2 
    Net Actuarial Loss2.4 1.5 1.7 
Total Recognized in OCI$2.5 $1.7 $1.9 
Net periodic post-retirement health care benefit costs for the post-retirement health care plan were as follows (in millions):
202120202019
Interest Cost$0.1 $0.2 $0.3 
Amortization of Net Actuarial Gain(0.6)(0.6)(0.4)
Amortization of Prior Service Cost(0.9)(0.9)(0.1)
Curtailment Gain— — (0.5)
Net Periodic Post-Retirement Health Care Benefit Cost$(1.4)$(1.3)$(0.7)
Change in Obligations Recognized in OCI, Net of Tax
    Prior Service Gain$(0.7)$(0.7)$(0.1)
    Net Actuarial Gain(0.4)(0.5)(0.3)
Total Recognized in OCI$(1.1)$(1.2)$(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 2021, 2020 and 2019, respectively.
202120202019
Discount Rate2.6%3.3%4.4%
Expected Long-Term Rate of Return on Assets6.2%7.0%7.0%
The following assumptions were used to determine the accumulated post-retirement benefit obligation as of January 1, 2022 and January 2, 2021, respectively.
20212020
Discount Rate2.7%2.5%
The following assumptions were used to determine net periodic post-retirement health care benefit cost for fiscal years 2021, 2020 and 2019, respectively.
202120202019
Discount Rate4.7%3.2%4.2%
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
2022$34.8 
202333.7 
202433.8 
202534.1 
202634.1 
2027-2030163.8 
The following post-retirement benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in millions):
YearExpected Payments
2022$0.9 
20230.8 
20240.7 
20250.6 
20260.6 
2027-20302.4