Quarterly report pursuant to Section 13 or 15(d)

Postretirement Benefits

v3.19.1
Postretirement Benefits
 3 Months Ended
Mar. 30, 2019
Defined Benefit Plan [Abstract]  
Pension and Other Postretirement Benefits
Postretirement Benefits

The Company has defined contribution plans, qualified and nonqualified defined benefit pension plans and other postretirement benefit plans covering substantially all of its employees. The Company's contributions to its defined contribution plans include matching and annual discretionary contributions which are based on various percentages of compensation, and in some instances are based on the amount of the employees' contributions to the plans. See Note 18 in the Notes to Consolidated Financial Statements in the 2018 Form 10-K for further details regarding these plans.

Pension and other postretirement benefit costs included the following components for the three months ended March 30, 2019 and March 31, 2018:
 
Pension Benefits
 
Other Postretirement Benefits
(in millions)
March 30,
2019
 
March 31,
2018
 
March 30,
2019
 
March 31,
2018
Interest cost
$
2.6

 
$
5.7

 
$
0.3

 
$
0.3

Expected return on plan assets
(3.3
)
 
(6.3
)
 
—

 
—

Amortization of prior service credits
—

 
—

 
(0.2
)
 
(0.2
)
Amortization of net actuarial losses
2.5

 
2.5

 
—

 
—

Net pension and other benefit costs
$
1.8

 
$
1.9

 
$
0.1

 
$
0.1



Employer Contributions and Benefit Payments. The Company did not make contributions to its qualified pension plans during the three months ended March 30, 2019 or March 31, 2018. During the three months ended March 30, 2019 and March 31, 2018, the Company contributed $1.5 million and $1.0 million, respectively, to fund benefit payments to its nonqualified pension plan.