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Retirement Plans (Tables)
9 Months Ended
Jun. 30, 2022
Retirement Plans [Abstract]  
Summary of Components of Net Pension Income and Summary of Components of Postretirement Benefit Cost

Pension and Postretirement Income / Expense

The following table presents a summary of the components of net pension income (in millions):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

10.7

 

 

$

11.2

 

 

$

35.9

 

 

$

38.3

 

Interest cost

 

 

46.9

 

 

 

47.3

 

 

 

141.6

 

 

 

140.4

 

Expected return on plan assets

 

 

(92.0

)

 

 

(92.0

)

 

 

(277.0

)

 

 

(276.0

)

Amortization of net actuarial loss

 

 

2.3

 

 

 

9.8

 

 

 

6.7

 

 

 

25.7

 

Amortization of prior service cost

 

 

2.1

 

 

 

2.3

 

 

 

6.3

 

 

 

6.3

 

Settlement loss

 

 

 

 

 

 

 

 

0.2

 

 

 

 

Company defined benefit plan income

 

 

(30.0

)

 

 

(21.4

)

 

 

(86.3

)

 

 

(65.3

)

Multiemployer and other plans

 

 

0.4

 

 

 

0.4

 

 

 

1.1

 

 

 

1.2

 

Net pension income

 

$

(29.6

)

 

$

(21.0

)

 

$

(85.2

)

 

$

(64.1

)

The following table presents a summary of the components of the net postretirement cost (in millions):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

0.3

 

 

$

0.2

 

 

$

0.8

 

 

$

0.8

 

Interest cost

 

 

1.7

 

 

 

1.5

 

 

 

4.8

 

 

 

4.4

 

Amortization of net actuarial loss (gain)

 

 

0.4

 

 

 

0.2

 

 

 

(0.4

)

 

 

(0.4

)

Amortization of prior service credit

 

 

(0.1

)

 

 

(0.6

)

 

 

(0.5

)

 

 

(1.8

)

Net postretirement cost

 

$

2.3

 

 

$

1.3

 

 

$

4.7

 

 

$

3.0