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EMPLOYEE BENEFIT PLANS
 3 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
The components of net periodic benefit cost for pension plans and other post-employment benefit plans recognized in the Condensed Consolidated Statements of Operations are presented below for the three months ended September 30, 2016 and 2015:
 
Three Months Ended September 30,
 
Pension Plans
 
Other Post-
Employment
 
 
 
U.S.
 
International
 
Benefits
 
Total
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Service cost
$
—

 
$
—

 
$
2.0

 
$
1.7

 
$
0.3

 
$
0.3

 
$
2.3

 
$
2.0

Interest cost
0.7

 
0.8

 
0.6

 
0.9

 
0.4

 
0.5

 
1.7

 
2.2

Expected return on plan assets
(0.5
)
 
(0.6
)
 
(0.3
)
 
(0.3
)
 
—

 
—

 
(0.8
)
 
(0.9
)
Amortization of prior service (credit) cost
—

 
—

 
0.1

 
0.1

 
(1.5
)
 
(1.4
)
 
(1.4
)
 
(1.3
)
Amortization of net loss
0.5

 
0.3

 
1.1

 
0.8

 
—

 
—

 
1.6

 
1.1

Settlement loss recognized
3.1

 
—

 
—

 
—

 
—

 
—

 
3.1

 
—

Net periodic benefit cost (credit)
$
3.8

 
$
0.5

 
$
3.5

 
$
3.2

 
$
(0.8
)
 
$
(0.6
)
 
$
6.5

 
$
3.1

During the three months ended September 30, 2016, the Company made lump sum payments to certain U.S. Del Laboratories, Inc. pension plan participants totaling $13.5 to partially settle the plan’s obligation to these participants. Payments were made from the plan’s assets.
The U.S. Del Laboratories, Inc. pension plan assets and liabilities were remeasured at the September 30, 2016 settlement date, using a discount rate of 3.7% compared to 3.8% as of June 30, 2016. As a result of the re-measurement, the net pension liability decreased by $2.9 as compared to the June 30, 2016. The net pension liability decrease was primarily a result of differences in interest rate and mortality assumptions used by Company to measure the plan liability as of June 30, 2016 compared to those assumptions used to determine lump sum benefits to be paid to participants, as mandated by the IRS. The decrease in the plan’s net pension liability resulted in a corresponding increase in other comprehensive (loss) income.
During the three months ended September 30, 2016, in connection with the partial settlement of the U.S. Del Laboratories, Inc. pension plan, the Company recognized a settlement loss of $3.1 as a result of accelerated recognition of losses previously deferred within accumulated other comprehensive loss.
The Company expects the termination of the plan will be completed during fiscal 2017. Refer to Note 18 — Subsequent Events.
Also, during the three months ended September 30, 2016, the Company recognized a curtailment gain of $1.8, in connection with involuntary employee terminations as part of the Acquisition Integration Program, which significantly reduced the expected years of future service of employees within one of the Company’s international pension plans. The curtailment gain is included in Restructuring costs in the Company’s Condensed Consolidated Statements of Operations for the three months ended September 30, 2016. Refer to Note 6 - Restructuring Costs for further information about the Acquisition Integration Program.