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Pension and Other Postretirement Benefits (Tables)
 9 Months Ended
Oct. 03, 2015
Pension and Other Postretirement Benefits.  
Schedule of components of net periodic benefit cost (credit)

 

 

Pension Benefits

 

 

Three Months Ended

 

Nine Months Ended

 

 

October 3, 2015

 

September 27, 2014

 

October 3, 2015

 

September 27, 2014

 

(In millions)

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

Service cost

 

$

.1

 

$
3.3

 

$

.1

 

$
3.3

 

$

.3

 

$
10.3

 

$

.3

 

$
10.0

 

Interest cost

 
10.8

 
4.3

 
11.1

 
5.8

 
32.5

 
13.1

 
33.5

 
18.0

 

Expected return on plan assets

 
(12.8

)
(5.4

)
(12.9

)
(6.6

)
(38.6

)
(16.2

)
(38.9

)
(19.6

)

Recognized net actuarial loss

 
5.2

 
2.4

 
4.1

 
1.3

 
15.4

 
7.2

 
12.2

 
3.9

 

Amortization of prior service cost (credit)

 

.2

 

–

 

.2

 

.1

 

.8

 

(.1

)

.8

 

.3

 

Amortization of transition obligation

 

–

 

–

 

–

 

.1

 

–

 

–

 

–

 

.1

 

Recognized loss on curtailment(1)

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

.6

 

Recognized loss on settlement(2)

 

–

 

–

 

–

 

–

 

–

 
3.8

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$
3.5

 

$
4.6

 

$
2.6

 

$
4.0

 

$
10.4

 

$
18.1

 

$
7.9

 

$
13.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Recognized loss on curtailment related to a pension plan in the Netherlands and was recorded in “Other expense, net” in the unaudited Condensed Consolidated Statements of Income.

(2)

Recognized loss on settlement related to pension plans in Germany and France as a result of the sale of a product line in our RBIS reportable segment.  The loss on settlement was recorded in “Other expense, net” in the unaudited Condensed Consolidated Statements of Income.

 

 

 

U.S. Postretirement Health Benefits

 

 

Three Months Ended

 

Nine Months Ended

 

(In millions)

 

October 3, 2015

 

September 27, 2014

 

October 3, 2015

 

September 27, 2014

 

Interest cost

 

$

.1

 

$

.1

 

$

.2

 

$

.2

 

Recognized net actuarial loss

 

.5

 

.7

 
1.6

 
2.1

 

Amortization of prior service credit

 

(.8

)

(.8

)
(2.4

)
(2.4

)

 

 

 

 

 

 

 

 

 

 

Net periodic benefit credit

 

$

(.2

)

$

–

 

$

(.6

)

$

(.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of defined benefit plan contributions

 

 

Nine Months Ended

 

(In millions)

 

October 3, 2015

 

September 27, 2014

 

U.S.

 

$
2.9 

 

$
3.9 

 

Int’l

 
11.2 

 
12.8 

 

U.S. postretirement health benefits

 

.7

 
1.2