Pension and Other Postretirement Benefits

9 Months Ended

Mar. 31, 2013

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

7. Pension and Other Postretirement Benefits

The components of the net periodic benefit cost related to the Company’s pension and other postretirement benefits for the three months and nine months ended March 31, 2013 and 2012 were as follows:

Three months ended March 31,							Other Postretirement
($ in millions)	Pension Plans						Plans
	2013			2012			2013			2012
Service cost	$	8.3		$	5.8		$	1.1		$	1.0
Interest cost	13.3			12.8			3.0			2.9
Expected return on plan assets	(13.7		)	(13.5		)	(1.6		)	(1.6		)
Amortization of net loss	7.0			4.4			0.8			0.6
Amortization of prior service cost (benefit)	0.2			0.2			(1.0		)	(2.0		)
Net pension expense	$	15.1		$	9.7		$	2.3		$	0.9

Nine months ended March 31,							Other Postretirement
($ in millions)	Pension Plans						Plans
	2013			2012			2013			2012
Service cost	$	24.4		$	16.9		$	3.3		$	2.3
Interest cost	39.8			37.5			9.1			8.4
Expected return on plan assets	(41.1		)	(39.7		)	(4.8		)	(4.8		)
Amortization of net loss	21.0			13.2			2.4			1.9
Amortization of prior service cost (benefit)	0.6			0.5			(3.0		)	(5.9		)
Net pension expense	$	44.7		$	28.4		$	7.0		$	1.9

During the nine months ended March 31, 2013 and 2012, the Company made $143.3 million and $19.3 million, respectively of contributions to its defined benefit pension plans.  The Company currently expects to make approximately $90.0 million of contributions to its defined benefit pension plans during the remainder of fiscal year 2013.