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PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)
3 Months Ended
Dec. 31, 2015
PENSION AND POST-RETIREMENT BENEFIT PLANS  
Schedule of components of net periodic benefit cost for pension and other post-retirement benefit plans

The components of net periodic benefit cost for the three months ended December 31, 2015 and 2014 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other than

 

 

 

Pension Plans

 

Pension Plans

 

 

 

U.S.

 

International

 

Post-retirement

 

(In millions)

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

8.1

 

$

7.9

 

$

6.2

 

$

6.1

 

$

0.7

 

$

0.8

 

Interest cost

 

8.2

 

7.6

 

3.8

 

4.4

 

1.8

 

1.9

 

Expected return on plan assets

 

(12.2

)

(12.5

)

(4.9

)

(5.3

)

(0.5

)

(0.6

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

0.2

 

0.2

 

0.5

 

0.5

 

0.2

 

0.2

 

Actuarial loss

 

2.8

 

2.4

 

2.5

 

2.6

 

0.1

 

0.4

 

Settlement

 

 

 

0.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

7.1

 

$

5.6

 

$

8.2

 

$

8.3

 

$

2.3

 

$

2.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The components of net periodic benefit cost for the six months ended December 31, 2015 and 2014 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other than

 

 

 

Pension Plans

 

Pension Plans

 

 

 

U.S.

 

International

 

Post-retirement

 

(In millions)

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

16.2

 

$

15.8

 

$

12.5

 

$

12.5

 

$

1.4

 

$

1.7

 

Interest cost

 

16.4

 

15.2

 

7.6

 

9.0

 

3.7

 

3.8

 

Expected return on plan assets

 

(24.4

)

(25.0

)

(9.9

)

(11.0

)

(1.1

)

(1.2

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

0.3

 

0.3

 

1.0

 

1.1

 

0.4

 

0.4

 

Actuarial loss

 

5.6

 

4.9

 

5.2

 

5.4

 

0.2

 

0.8

 

Settlement

 

 

 

0.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

14.1

 

$

11.2

 

$

16.5

 

$

17.0

 

$

4.6

 

$

5.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of amounts recognized in the consolidated balance sheets related to the entity's pension and post-retirement benefit plans

 

 

 

 

 

 

 

 

 

 

 

 

December 31

 

June 30

 

(In millions)

 

2015

 

2015

 

Other assets

 

$

107.9

 

$

113.1

 

Other accrued liabilities

 

(23.8

)

(23.8

)

Other noncurrent liabilities

 

(373.2

)

(373.0

)

 

 

 

 

 

 

Funded status

 

(289.1

)

(283.7

)

Accumulated other comprehensive loss

 

326.9

 

346.2

 

 

 

 

 

 

 

Net amount recognized

 

$

37.8

 

$

62.5