PENSION AND POST-RETIREMENT BENEFIT PLANS

3 Months Ended

Sep. 30, 2012

PENSION AND POST-RETIREMENT BENEFIT PLANS

PENSION AND POST-RETIREMENT BENEFIT PLANS

NOTE 7 — PENSION AND POST-RETIREMENT BENEFIT PLANS

The Company maintains pension plans covering substantially all of its full-time employees for its U.S. operations and a majority of its international operations.  The Company also maintains post-retirement benefit plans which provide certain medical and dental benefits to eligible employees.  Descriptions of these plans are discussed in the notes to consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2012.

The components of net periodic benefit cost for the three months ended September 30, 2012 and 2011 consisted of the following:

													Other than
	Pension Plans												Pension Plans
	U.S.						International						Post-retirement
(In millions)	2012			2011			2012			2011			2012			2011
Service cost	$	8.5		$	6.9		$	5.9		$	5.9		$	1.2		$	0.9
Interest cost	6.7			7.4			4.5			4.9			1.9			2.1
Expected return on plan assets	(11.3		)	(9.7		)	(4.8		)	(5.4		)	(0.5		)	(0.3		)
Amortization of (1):
Prior service cost	0.1			0.2			0.7			1.0			0.2			—
Actuarial loss	3.6			2.0			2.3			1.2			1.1			0.5
Settlements and curtailments	—			—			0.8			—			—			—
Net periodic benefit cost	$	7.6		$	6.8		$	9.4		$	7.6		$	3.9		$	3.2

(1)The benefit (provision) for deferred income taxes on the amount of net periodic benefit cost amortized from accumulated OCI related to the Company’s pension and post-retirement plans was $1.4 million and $3.0 million for the three months ended September 30, 2012 and 2011, respectively.

During the three months ended September 30, 2012, the Company made contributions to its international pension plans totaling approximately $3 million.