EMPLOYEE BENEFIT PLANS

9 Months Ended

Mar. 31, 2022

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 the Company's non-U.S. pension plans. As a result, the Company recognized curtailment gains of nil and $2.7 for the three months ended March 31, 2022 and 2021, respectively, and $0.2 and $8.0 for the nine months ended March 31, 2022 and 2021, respectively. Additionally, the Company recognized a settlement loss of $0.1 and $2.1 for the three months and nine months ended March 31, 2022, respectively, of which $0.7 was related to restructuring actions. The impact of the curtailment and settlement activity on the current and prior comparative periods is included in Other income, 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
	2022		2021		2022		2021		2022		2021		2022		2021
Service cost	$	—	$	—	$	2.4	$	2.6	$	0.2	$	0.3	$	2.6	$	2.9
Interest cost	0.1		0.1		1.6		1.7		0.3		0.3		2.0		2.1
Expected return on plan assets	—		—		(1.2)		(1.1)		—		—		(1.2)		(1.1)
Amortization of prior service credit	—		—		—		—		(0.1)		(0.9)		(0.1)		(0.9)
Amortization of net loss	0.1		0.4		(0.1)		(0.1)		—		—		—		0.3
Settlement loss recognized	—		—		0.1		—		—		—		0.1		—
Curtailment gain recognized	—		—		—		(2.7)		—		—		—		(2.7)
Net periodic benefit cost (credit)	$	0.2	$	0.5	$	2.8	$	0.4	$	0.4	$	(0.3)	$	3.4	$	0.6
	Nine Months Ended March 31,
	Pension Plans								Other Post- Employment Benefits
	U.S.				International								Total
	2022		2021		2022		2021		2022		2021		2022		2021
Service cost	$	—	$	—	$	7.1	$	14.5	$	0.6	$	0.9	$	7.7	$	15.4
Interest cost	0.3		0.3		4.8		6.4		0.9		0.9		6.0		7.6
Expected return on plan assets	—		—		(3.4)		(4.8)		—		—		(3.4)		(4.8)
Amortization of prior service cost (credit)	—		—		—		(0.2)		(0.3)		(2.6)		(0.3)		(2.8)
Amortization of net (gain) loss	0.3		1.1		(0.3)		(0.2)		—		—		—		0.9
Settlement loss recognized	—		—		2.1		—		—		—		2.1		—
Curtailment gain recognized	—		—		(0.2)		(8.0)		—		—		(0.2)		(8.0)
Net periodic benefit cost (credit)	$	0.6	$	1.4	$	10.1	$	7.7	$	1.2	$	(0.8)	$	11.9	$	8.3

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