XML 35 R20.htm IDEA: XBRL DOCUMENT v3.25.1
Retirement Benefits
 6 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Retirement Benefits RETIREMENT BENEFITS
The components of net periodic cost for our defined benefit pension plans for the three and six months ended 31 March 2025 and 2024 were as follows:
Pension Benefits
20252024
Three Months Ended 31 MarchU.S.InternationalTotalU.S.InternationalTotal
Service cost$2.3 $2.7 $5.0 $2.4 $2.8 $5.2 
Non-service cost:
  Interest cost29.9 13.8 43.7 33.7 15.0 48.7 
  Expected return on plan assets(33.2)(14.5)(47.7)(30.0)(11.9)(41.9)
  Prior service cost amortization0.3 0.2 0.5 0.3 0.3 0.6 
  Actuarial loss amortization11.7 2.4 14.1 14.3 3.2 17.5 
  Settlements— 0.1 0.1 — 0.2 0.2 
Other— — — — 0.1 0.1 
Net Periodic Cost$11.0 $4.7 $15.7 $20.7 $9.7 $30.4 
Pension Benefits
20252024
Six Months Ended 31 MarchU.S.InternationalTotalU.S.InternationalTotal
Service cost$4.6 $5.6 $10.2 $4.8 $5.6 $10.4 
Non-service cost:
Interest cost59.8 27.7 87.5 67.4 29.8 97.2 
Expected return on plan assets(66.4)(29.2)(95.6)(60.0)(23.5)(83.5)
Prior service cost amortization0.6 0.4 1.0 0.6 0.5 1.1 
Actuarial loss amortization23.4 4.8 28.2 28.6 6.4 35.0 
Settlements— 0.1 0.1 — 0.2 0.2 
Other— 0.1 0.1 — 0.2 0.2 
Net Periodic Cost$22.0 $9.5 $31.5 $41.4 $19.2 $60.6 
Our service costs are primarily included within "Cost of sales" and "Selling and administrative expense" on our consolidated income statements. The amount of service costs capitalized in the first six months of fiscal years 2025 and 2024 were not material. The non-service related impacts are presented outside operating results within "Other non-operating income (expense), net."
For the six months ended 31 March 2025 and 2024, our cash contributions to funded pension plans and benefit payments under unfunded pension plans were $14.3 and $19.2, respectively. Total contributions for fiscal year 2025 are expected to be approximately $30 to $40. During fiscal year 2024, total contributions were $34.7.
During the three and six months ended 31 March 2025, we recognized actuarial gain amortization of $0.1 and $0.4, respectively, for our other postretirement benefits plans. During the three and six months ended 31 March 2024, we recognized actuarial gain amortization of $0.2 and $0.3, respectively, for our other postretirement benefits plan.