EMPLOYEE BENEFIT PLANS

9 Months Ended

Mar. 31, 2021

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

As part of the Transformation Plan, the Company concluded that restructuring actions resulted in a significant reduction of future services of active employees in certain of our non-U.S. pension plans. As a result, the Company recognized curtailment gains of $8.0 and $0.0 for the nine months ended March 31, 2021 and 2020, respectively. The impact of the curtailment activity on the current and prior comparative periods is included in Other (income) expense, net in the Condensed Consolidated Statements of Operations.

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:

	Three Months Ended March 31,
	Pension Plans								Other Post- Employment Benefits
	U.S.				International								Total
	2021		2020		2021		2020		2021		2020		2021		2020
Service cost	$	—	$	—	$	2.6	$	8.4	$	0.3	$	0.4	$	2.9	$	8.8
Interest cost	0.1		0.2		1.7		2.3		0.3		0.5		2.1		3.0
Expected return on plan assets	—		—		(1.1)		(2.2)		—		—		(1.1)		(2.2)
Amortization of prior service credit	—		—		—		(0.2)		(0.9)		(1.5)		(0.9)		(1.7)
Amortization of net loss	0.4		0.2		(0.1)		—		—		—		0.3		0.2
Curtailment gain recognized	—		—		(2.7)		—		—		—		(2.7)		—
Net periodic benefit cost (credit)	$	0.5	$	0.4	$	0.4	$	8.3	$	(0.3)	$	(0.6)	$	0.6	$	8.1

	Nine Months Ended March 31,
	Pension Plans								Other Post- Employment Benefits
	U.S.				International								Total
	2021		2020		2021		2020		2021		2020		2021		2020
Service cost	$	—	$	—	$	14.5	$	27.1	$	0.9	$	1.3	$	15.4	$	28.4
Interest cost	0.3		0.6		6.4		6.9		0.9		1.5		7.6		9.0
Expected return on plan assets	—		—		(4.8)		(6.4)		—		—		(4.8)		(6.4)
Amortization of prior service credit	—		—		(0.2)		(0.6)		(2.6)		(4.6)		(2.8)		(5.2)
Amortization of net loss	1.1		0.6		(0.2)		—		—		—		0.9		0.6
Curtailment gain recognized	—		—		(8.0)		—		—		—		(8.0)		—
Net periodic benefit cost (credit)	$	1.4	$	1.2	$	7.7	$	27.0	$	(0.8)	$	(1.8)	$	8.3	$	26.4

Net periodic benefit costs include amounts related to discontinued operations of $0.0 and $3.6 for the three months ended March 31, 2021 and 2020, respectively, and $6.2 and $10.8 for the nine months ended March 31, 2021 and 2020, respectively.