EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Jul. 02, 2022

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit (Income) Expense

Net periodic benefit (income) expense for our pension and postretirement plans include the following components:

Domestic Pension Plans

	Three months ended				Six months ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Service cost	$	—	$	—	$	—	$	—
Interest cost	2.3		2.1		4.6		4.2
Expected return on plan assets	(2.1)		(2.2)		(4.2)		(4.4)
Settlement and actuarial losses (1)	3.8		—		3.8		—
Net periodic pension benefit (income) expense	$	4.0	$	(0.1)	$	4.2	$	(0.2)

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(1)     Consists of an actuarial loss of $1.5 and a settlement loss of $2.3.

Foreign Pension Plans

	Three months ended				Six months ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Service cost	$	—	$	—	$	—	$	—
Interest cost	1.0		0.8		2.0		1.6
Expected return on plan assets	(1.5)		(1.4)		(3.0)		(2.8)
Net periodic pension benefit income	$	(0.5)	$	(0.6)	$	(1.0)	$	(1.2)

Postretirement Plans

	Three months ended				Six months ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Service cost	$	—	$	—	$	—	$	—
Interest cost	0.3		0.3		0.6		0.6
Amortization of unrecognized prior service credits	(1.1)		(1.2)		(2.2)		(2.4)
Settlement loss, net (1)	—		—		0.3		—
Net periodic postretirement benefit income	$	(0.8)	$	(0.9)	$	(1.3)	$	(1.8)

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(1)     The six months ended July 2, 2022 includes the impact of the transfer of the retiree life insurance benefits obligation.