PENSION AND OTHER RETIREMENTS BENEFITS - Assumptions for Benefit Obligations (Details) - Pension Plan |
6 Months Ended | 12 Months Ended | |
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Dec. 31, 2020 |
Jun. 25, 2020 |
Dec. 31, 2019 |
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Defined Benefit Plan, Funded Plan | |||
Weighted-average assumptions used to determine benefit obligation at year end: | |||
Discount rate | 2.61% | 2.85% | 3.25% |
Weighted-average assumptions used to determine net periodic benefit cost: | |||
Discount rate | 2.85% | 3.25% | 4.25% |
Expected long-term rate of return on plan assets | 5.25% | 5.50% | 5.75% |
Rate of compensation increase | 0.00% | 0.00% | 3.50% |
Defined Benefit Plan, Unfunded Plan | |||
Weighted-average assumptions used to determine benefit obligation at year end: | |||
Discount rate | 2.42% | 2.64% | 3.25% |
Rate of compensation increase | 3.50% | 3.50% | 3.50% |
Weighted-average assumptions used to determine net periodic benefit cost: | |||
Discount rate | 2.64% | 3.25% | 4.25% |
Rate of compensation increase | 3.50% | 3.50% | 3.50% |
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate increase of compensation, used to determine benefit obligation of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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