EMPLOYEE BENEFIT PLANS

9 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

The following table summarizes the components of net periodic benefit cost for the Company’s retirement income plans:

	Three Months Ended				Nine Months Ended
	3/31/2022		3/31/2021		3/31/2022		3/31/2021
Service cost	$	—	$	—	$	—	$	—
Interest cost	3		4		11		11
Expected return on plan assets (1)	(4)		(4)		(11)		(11)
Settlement loss recognized	1		—		1		—
Amortization of unrecognized items	3		3		7		8
Total	$	3	$	3	$	8	$	8

(1) The weighted average long-term expected rate of return on plan assets used in computing the fiscal year 2022 net periodic benefit cost is 3.0%.

The net periodic benefit cost for the Company’s retirement health care plans was $0 for both the three and nine months ended March 31, 2022, and $0 and $(1) for the three and nine months ended March 31, 2021, respectively.

During the three months ended March 31, 2022 and 2021, the Company made $8 and $6 in contributions to its domestic retirement income plans, respectively. During the nine months ended March 31, 2022 and 2021, the Company made $13 and $10 in contributions to its domestic retirement income plans, respectively.

Service cost component of the net periodic benefit cost, if any, is reflected in employee benefit costs, all other components are reflected in Other (income) expense, net.