Defined Benefit Plan, Benefit Obligation, Loss on Settlement

No definition available.

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- Definition

Amount of actuarial present value of benefits attributed to employee service rendered, excluding assumptions about future compensation level.

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+ Details

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- Definition

Weighted average rate for present value of future retirement benefits cash flows, used to determine net periodic benefit cost of defined benefit plan.

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- Definition

Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan.

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- Definition

Amount of (increase) decrease to benefit obligation of defined benefit plan from remeasurement due to settlement. Excludes decrease to benefit obligation for settlement payment.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(10)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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- Definition

Amount of payment, which decreases benefit obligation of defined benefit plan, for irrevocable action relieving primary responsibility for benefit obligation and eliminating risk for obligation and assets used to effect settlement. Transaction constituting settlement includes, but is not limited to, making lump-sum cash payment to participant in exchange for their rights to receive specified benefits and purchasing nonparticipating annuity contract. Excludes decreases to benefit obligation for remeasurement due to settlement.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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No definition available.

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- Definition

Amount of gain (loss) recognized in net periodic benefit (cost) credit from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk related to obligation and assets used to effect settlement.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(7)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 3A
-URI https://asc.fasb.org/extlink&oid=123453770&loc=SL108413299-114919

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 6
-Subparagraph (a)(7)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e2709-114920

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- Definition

Amount of (increase) decrease to benefit obligation of defined benefit plan from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk for obligation and assets used to effect settlement. Includes, but is not limited to, lump-sum cash payment to participant in exchange for right to receive specified benefits, purchase of nonparticipating annuity contract and change from remeasurement.

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+ Details

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EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended	9 Months Ended
	Oct. 01, 2022	Oct. 01, 2022	Jul. 02, 2022	Apr. 02, 2022	Jul. 02, 2022	Oct. 01, 2022	Feb. 17, 2022
Pension Plan \| UNITED STATES
Employee Benefit Plans
Benefit (charge) due to settlement	$ (0.4)	$ (0.4)	$ (1.5)			$ (1.9)
Projected benefit obligation					$ 10.0
Defined benefit plan, net periodic benefit expense	$ 2.0	$ 2.0			$ 2.3	$ 4.3
Defined benefit plan, assumptions used calculating benefit obligation, discount rate		5.70%	4.86%	2.83%
Defined benefit plan, assumptions used calculating benefit obligation, return on plan assets		5.00%	4.50%	3.25%
SPX Postretirement Plans
Employee Benefit Plans
Consideration payable							$ 10.0
Benefit obligation, payment for settlement				$ 9.0
Loss on settlement				0.7
Benefit (charge) due to settlement				$ 0.4