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Pension And Other Postretirement Benefits
9 Months Ended
Mar. 31, 2012
Pension And Other Postretirement Benefits [Abstract]  
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, including a defined benefit pension plan and two defined benefit postretirement healthcare plans acquired in connection with the Latrobe Acquisition, for the three months and nine months ended March 31, 2012 and 2011 were as follows:

Three months ended March 31,

($ in millions)

   Pension Plans     Other Postretirement
Plans
 
     2012     2011     2012     2011  

Service cost

   $ 5.8      $ 5.7      $ 1.0      $ 0.7   

Interest cost

     12.8        11.6        2.9        2.7   

Expected return on plan assets

     (13.5     (11.3     (1.6     (1.3

Amortization of net loss

     4.4        7.2        0.6        1.5   

Amortization of prior service cost (benefit)

     0.2        0.3        (2.0     (1.9
  

 

 

   

 

 

   

 

 

   

 

 

 

Net pension expense

   $ 9.7      $ 13.5      $ 0.9      $ 1.7   
  

 

 

   

 

 

   

 

 

   

 

 

 

Nine months ended March 31,

($ in millions)

   Pension Plans     Other Postretirement
Plans
 
     2012     2011     2012     2011  

Service cost

   $ 16.9      $ 17.1      $ 2.3      $ 2.0   

Interest cost

     37.5        34.8        8.4        8.2   

Expected return on plan assets

     (39.7     (33.9     (4.8     (3.9

Amortization of net loss

     13.2        21.6        1.9        4.4   

Amortization of prior service cost (benefit)

     0.5        0.9        (5.9     (5.7
  

 

 

   

 

 

   

 

 

   

 

 

 

Net pension expense

   $ 28.4      $ 40.5      $ 1.9      $ 5.0   
  

 

 

   

 

 

   

 

 

   

 

 

 

During the nine months ended March 31, 2012, the Company made $19.3 million of required contributions to its U.S. defined benefit pension plan. The Company currently expects to make $10.7 million in required contributions to its defined benefit pension plans during the remainder of fiscal year 2012.