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Benefit Plans
 3 Months Ended
Apr. 04, 2021
Benefit Plans [Abstract]  
Benefit Plans

Note 10.  Benefit Plans


The Company and its subsidiaries have pension plans covering eligible employees on a contributory or non-contributory basis.  The Company also provides postretirement health care and life insurance benefits for its U.S. retired employees.  Disclosures for the U.S. plans have been combined with those outside of the U.S. as the international plans do not have significantly different assumptions, and together represent less than 22% of our total benefit obligation.

Components of Net Periodic Benefit Cost

  
Pension Benefits
  
   
Three Months Ended
  
(millions of dollars)
  
Apr. 4,
2021
    
Mar. 29,
2020
  
             
Service cost
  
$
2.0
    
$
2.0
  
Interest cost
    
2.0
      
2.9
  
Expected return on plan assets
    
(5.4
)
    
(5.2
)
Amortization:
                
Prior service cost
    
0.1
      
0.1
  
Recognized net actuarial loss
    
3.4
      
2.8
  
Net periodic benefit cost
  
$
2.1
    
$
2.6
  

 
Other Benefits
  
   
Three Months Ended
  
(millions of dollars)
  
Apr. 4,
2021
    
Mar. 29,
2020
  
             
Service cost
  
$
—
    
$
0.1
  
Interest cost
    
—
      
—
  
Amortization:
                
Recognized net actuarial (gain)
    
(0.2
)
    
(0.2
)
Net periodic benefit cost
  
$
(0.2
)
  
$
(0.1
)


Amortization amounts of prior service costs and recognized net actuarial losses are recorded, net of tax, as increases to accumulated other comprehensive income.


The Company expects to contribute approximately $11.3 million to its pension plans and $0.3 million to its other postretirement benefit plans in 2021.  As of April 4, 2021, approximately $1.0 million has been contributed to the pension plans and no contributions to the other postretirement benefit plans.