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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule Plan Assets at Fair Value
The following table sets forth, by level within the fair value hierarchy (as applicable), non-U.S. plan assets at fair value:
Fair Value Measurements Using
(In millions)TotalQuoted
Prices
in Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Other
Unobservable
Inputs
(Level 3)
2025
Cash$1.6 $1.6 $— $— 
Insurance contracts52.6 — — 52.6 
Pooled funds – real estate investment trusts4.2 — — 4.2 
Pooled funds – fixed income securities(1)
412.4 
Pooled funds – equity securities(1)
198.6 
Pooled funds – other investments(1)
63.1 
Total non-U.S. plan assets at fair value
$732.5 
2024 
Cash$2.1 $2.1 $— $— 
Insurance contracts39.0 — — 39.0 
Pooled funds – real estate investment trusts5.3 — — 5.3 
Pooled funds – fixed income securities(1)
381.0 
Pooled funds – equity securities(1)
174.2 
Pooled funds – other investments(1)
57.9 
Total non-U.S. plan assets at fair value
$659.5 
(1) Pooled funds that are measured at fair value using the NAV per unit (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table reconcile to total non-U.S. plan assets.
Schedule of Reconciliation of Level 3 Assets
The following table presents a reconciliation of Level 3 non-U.S. plan asset activity during 2025 and 2024:
Level 3 Assets
(In millions)Insurance ContractsPooled Funds –
Real Estate
Investment Trusts
Total
Balance at December 30, 2023
$42.6 $6.4 $49.0 
Net realized and unrealized gain (loss)1.1 (1.0).1 
Purchases3.7 — 3.7 
Settlements(5.8)— (5.8)
Impact of changes in foreign currency exchange rates(2.6)(.1)(2.7)
Balance at December 28, 2024
39.0 5.3 44.3 
Net realized and unrealized gain (loss)1.2 (1.5)(.3)
Purchases5.5 — 5.5 
Settlements(2.6)— (2.6)
Transfer
4.4 — 4.4 
Impact of changes in foreign currency exchange rates5.1 .4 5.5 
Balance at December 31, 2025
$52.6 $4.2 $56.8 
Schedule of Reconciliation of Projected Benefit Obligations
The following table provides a reconciliation of benefit obligations, plan assets, funded status of the plans and accumulated other comprehensive loss for our non-U.S. defined benefit plans:
Plan Benefit Obligations
Pension Benefits
(In millions)20252024
Change in projected benefit obligations
Projected benefit obligations at beginning of year$664.4 $679.9 
Service cost14.7 13.8 
Interest cost26.2 24.1 
Participant contributions
5.1 4.7 
Amendments1.4 5.1 
Actuarial (gain) loss(82.2)2.8 
Transfer
4.1 — 
Benefits paid(27.2)(24.5)
Settlements— (6.0)
Foreign currency translation73.7 (35.5)
Projected benefit obligations at end of year$680.2 $664.4 
Accumulated benefit obligations at end of year$629.4 $608.0 
Schedule of Reconciliation of Plan Assets
Pension Benefits
(In millions)20252024
Change in plan assets
Plan assets at beginning of year$659.5 $663.2 
Actual return on plan assets(4.8)41.6 
Transfer
4.4 — 
Employer contributions19.2 15.5 
Participant contributions5.1 4.7 
Benefits paid(27.2)(24.5)
Settlements— (6.0)
Foreign currency translation76.3 (35.0)
Plan assets at end of year$732.5 $659.5 
Schedule of Funded Status of Plans
Pension Benefits
(In millions)20252024
Funded status of the plans
Other assets$138.7 $84.7 
Other accrued liabilities(4.4)(3.2)
Long-term retirement benefits and other liabilities(82.0)(86.4)
Plan assets more (less) than benefit obligations$52.3 $(4.9)
Schedule of Weighted-Average Assumptions Used to Determine Year-End Benefit Obligations
Pension Benefits
20252024
Weighted average assumptions used to determine year-end benefit obligations
Discount rate4.57 %3.95 %
Compensation rate increase2.68 2.80 
Schedule of Pre-Tax Amounts, Recognized in Accumulated Other Comprehensive Loss
The pre-tax amounts related to our non-U.S. defined benefit plans recognized in “Accumulated other comprehensive loss” in the Consolidated Balance Sheets are detailed below:
Pension Benefits
(In millions)20252024
Net actuarial loss$31.2 $69.4 
Prior service cost3.7 2.3 
Net amount recognized in accumulated other comprehensive loss$34.9 $71.7 
Schedule of Pre-Tax Amounts, Recognized in Other comprehensive loss (income)
The following table shows the pre-tax amounts recognized in “Other comprehensive loss (income)”:
Pension Benefits
(In millions)202520242023
Net actuarial (gain) loss$(36.8)$(3.4)$32.6 
Prior service credit1.4 5.1 (.1)
Amortization of unrecognized:
Net actuarial (gain) loss
(1.5)(.4)2.1 
Prior service cost
.1 .5 .4 
Settlements— .1 .1 
Net amount recognized in other comprehensive loss (income)$(36.8)$1.9 $35.1 
Schedule of Components of Net Periodic Benefit Cost (credit)
The following table shows the components of net periodic benefit cost for our non-U.S. defined benefit plans:
Pension Benefits
(In millions)202520242023
Service cost$14.7 $13.8 $10.5 
Interest cost26.2 24.1 24.7 
Expected return on plan assets(36.6)(37.4)(33.2)
Amortization of actuarial (gain) loss
1.5 .4 (2.1)
Amortization of prior service cost
(.1)(.5)(.4)
Recognized gain on settlements
— (.1)(.1)
Net periodic benefit cost (credit)$5.7 $.3 $(.6)
Schedule of Weighted-Average Assumptions Used to Determine Net Periodic Cost
The following table shows the weighted average assumptions used to determine net periodic cost:
Pension Benefits
202520242023
Discount rate3.95 %3.78 %4.36 %
Expected return on assets4.72 5.04 4.71 
Compensation rate increase2.80 2.73 2.75 
Schedule of Anticipated Future Benefit Payments
The future benefit payments of our non-U.S. defined benefit plans shown below reflect the expected service periods for eligible participants.
(In millions)Pension
Benefits
2026$34.1 
202729.0 
202831.6 
202929.6 
203031.8 
2031-2035176.2