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Employee Benefit Plans (Tables)
12 Months Ended
Sep. 30, 2018
Employee Benefit Plans [Abstract]  
Information On Pension Plans



 

U.S. Plans

 

Non U.S. Plans

(in millions)

 

2018

 

2017

 

2018

 

2017

Changes in benefit obligation:

 

 

 

 

 

 

 

 

 

 

 

 

Benefit obligation, beginning of year

 

$

75.3 

 

$

79.5 

 

$

149.8 

 

$

162.6 

Service cost

 

 

0.4 

 

 

0.4 

 

 

2.0 

 

 

2.5 

Interest cost

 

 

2.7 

 

 

2.7 

 

 

3.6 

 

 

3.3 

Actuarial (gain) loss

 

 

(4.2)

 

 

(3.4)

 

 

1.5 

 

 

(18.2)

Curtailments

 

 

 

 

 

 

 

 

(0.3)

Benefits paid

 

 

(3.7)

 

 

(3.9)

 

 

(5.3)

 

 

(6.7)

Foreign currency exchange rate changes

 

 

 

 

 

 

(2.7)

 

 

6.6 

Benefit obligation, end of year

 

 

70.5 

 

 

75.3 

 

 

148.9 

 

 

149.8 

Changes in plan assets:

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets, beginning of year

 

 

68.9 

 

 

63.9 

 

 

115.9 

 

 

112.6 

Actual return on plan assets

 

 

3.7 

 

 

7.4 

 

 

1.9 

 

 

(1.4)

Employer contributions

 

 

0.4 

 

 

1.5 

 

 

5.6 

 

 

7.0 

Benefits paid

 

 

(3.7)

 

 

(3.9)

 

 

(5.3)

 

 

(6.8)

Foreign currency exchange rate changes

 

 

 

 

 

 

(2.3)

 

 

4.5 

Fair value of plan assets, end of year

 

 

69.3 

 

 

68.9 

 

 

115.8 

 

 

115.9 

Funded Status

 

$

(1.2)

 

$

(6.4)

 

$

(33.1)

 

$

(33.9)

Amounts recognized in statement of financial position

 

 

 

 

 

 

 

 

 

 

 

 

Deferred charges and other

 

$

0.1 

 

$

 

$

3.2 

 

$

0.2 

Other accrued expenses

 

 

0.4 

 

 

0.4 

 

 

0.4 

 

 

0.3 

Other long-term liabilities

 

 

0.9 

 

 

6.0 

 

 

35.9 

 

 

33.8 

Accumulated other comprehensive loss

 

 

7.5 

 

 

12.0 

 

 

35.8 

 

 

34.1 

Weighted average assumptions

 

 

 

 

 

 

 

 

 

 

 

 

Discount rate

 

 

3.70%

 

 

3.70%

 

 

1.00 - 8.30%

 

 

1.13 - 7.50%

Expected return on plan assets

 

 

7.00%

 

 

7.00%

 

 

1.00 - 3.70%

 

 

1.13 - 4.13%

Rate of compensation increase

 

 

N/A

 

 

N/A

 

 

2.25 - 7.00%

 

 

1.37 - 7.00%



Amounts Reclassified From Accumulated Other Comprehensive Loss Associated With Employee Benefit Plan Costs



 

 

 

 

 

 

 

 

 

(in millions)

 

2018

 

2017

 

2016

Cost of goods sold

 

$

1.9 

 

$

3.2 

 

$

1.5 

Selling expenses

 

 

0.4 

 

 

0.8 

 

 

0.3 

General and administrative expenses

 

 

0.2 

 

 

0.3 

 

 

0.1 

Amounts reclassified from AOCI to continuing operations

 

$

2.5 

 

$

4.3 

 

$

1.9 

Amounts reclassified from AOCI to discontinued operations

 

$

0.7 

 

$

1.2 

 

$

0.5 



Components Of Net Periodic Benefit Cost



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

U.S. Plans

 

Non U.S. Plans

(in millions)

 

2018

 

2017

 

2016

 

2018

 

2017

 

2016

Service cost

 

$

0.4 

 

$

0.4 

 

$

0.2 

 

$

2.0 

 

$

2.5 

 

$

2.0 

Interest cost

 

 

2.7 

 

 

2.7 

 

 

3.1 

 

 

3.6 

 

 

3.3 

 

 

4.2 

Expected return on assets

 

 

(4.5)

 

 

(4.4)

 

 

(4.4)

 

 

(4.2)

 

 

(4.1)

 

 

(4.1)

Settlement and curtailment

 

 

 

 

 

 

 

 

0.1 

 

 

0.3 

 

 

0.1 

Recognized net actuarial loss

 

 

1.1 

 

 

1.6 

 

 

0.6 

 

 

1.4 

 

 

2.7 

 

 

0.6 

Net periodic benefit cost

 

$

(0.3)

 

$

0.3 

 

$

(0.5)

 

$

2.9 

 

$

4.7 

 

$

2.8 

Weighted average assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discount rate

 

3.50%

 

3.50%

 

4.25%

 

1.13 - 7.50%

 

1.00 - 8.68%

 

1.75 - 7.00%

Expected return on plan assets

 

7.00%

 

7.00%

 

7.25%

 

1.13 - 4.13%

 

1.00 - 3.70%

 

1.75 - 4.53%

Rate of compensation increase

 

N/A

 

N/A

 

N/A

 

1.37 - 7.00%

 

2.25 - 7.00%

 

2.25 - 5.50%



Summary Of Allocation Of Pension Plan Assets



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

U.S. Plans

 

Non U.S. Plans

Asset Type

 

 

2018

 

2017

 

2018

 

2017

Equity Securities

 

 

63 

%

 

63 

%

 

%

 

%

Fixed Income Securities

 

 

33 

%

 

34 

%

 

19 

%

 

19 

%

Other

 

 

%

 

%

 

81 

%

 

81 

%

Total

 

 

100.0 

%

 

100 

%

 

100 

%

 

100 

%



Fair Value Of Pension Plan Assets By Asset Category



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

September 30, 2018

 

September 30, 2017

(in millions)

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Total

Cash & cash equivalents

 

$

8.4 

 

$

 

$

 

$

8.4 

 

$

9.0 

 

$

 

$

 

$

9.0 

Equity

 

 

25.6 

 

 

 

 

 

 

25.6 

 

 

31.1 

 

 

 

 

 

 

31.1 

Fixed income securities

 

 

21.0 

 

 

 

 

 

 

21.0 

 

 

21.0 

 

 

 

 

 

 

21.0 

Foreign equity

 

 

17.4 

 

 

 

 

 

 

17.4 

 

 

11.3 

 

 

 

 

 

 

11.3 

Foreign fixed income securities

 

 

2.1 

 

 

21.9 

 

 

 

 

24.0 

 

 

2.1 

 

 

21.6 

 

 

 

 

23.7 

Life insurance contracts

 

 

 

 

38.7 

 

 

 

 

38.7 

 

 

 

 

37.7 

 

 

 

 

37.7 

Other

 

 

2.5 

 

 

47.5 

 

 

 

 

50.0 

 

 

1.8 

 

 

49.2 

 

 

 

 

51.0 

Total plan assets

 

$

77.0 

 

$

108.1 

 

$

 

$

185.1 

 

$

76.3 

 

$

108.5 

 

$

 

$

184.8 



Schedule Of Benefit Payments Expected To Be Paid



 

 

 

(in millions)

 

Amount

2019

 

$

8.0 

2020

 

 

8.2 

2021

 

 

8.7 

2022

 

 

8.6 

2023

 

 

9.0 

2024-2027

 

 

52.1