Retirement Benefits

6 Months Ended

Mar. 31, 2015

Retirement Benefits [Abstract]

Retirement Benefits

10. RETIREMENT BENEFITS

The components of net periodic benefit cost for the defined benefit pension and other postretirement benefit plans for the three and sixmonths ended 31 March 2015 and 2014 were as follows:

	Pension Benefits								Other Benefits
	2015				2014				2015		2014
Three Months Ended 31 March	U.S.		International		U.S.		International
Service cost	$	10.6	$	7.9	$	10.6	$	9.0	$	.7	$	.8
Interest cost		31.3		14.2		32.7		16.9		.5		.6
Expected return on plan assets		(50.5)		(19.1)		(46.9)		(19.6)		-		-
Prior service cost amortization		.7		.1		.7		-		-		-
Actuarial loss amortization		19.6		10.1		19.6		8.9		.2		.5
Settlements and curtailments		15.7		-		-		.5		-		-
Special termination benefits		2.1		.9		-		-		-		-
Other		-		.5		-		.5		-		-
Net periodic benefit cost	$	29.5	$	14.6	$	16.7	$	16.2	$	1.4	$	1.9
	Pension Benefits								Other Benefits
	2015				2014				2015		2014
Six Months Ended 31 March	U.S.		International		U.S.		International
Service cost	$	21.2	$	16.1	$	21.3	$	17.8	$	1.4	$	1.6
Interest cost		62.5		29.2		65.4		33.5		1.1		1.2
Expected return on plan assets		(101.0)		(40.2)		(93.9)		(38.8)		-		-
Prior service cost amortization		1.4		.1		1.4		.1		-		-
Actuarial loss amortization		39.4		20.6		39.2		17.7		.4		.9
Settlements and curtailments		15.6		(.1)		-		.5		-		-
Special termination benefits		4.8		.9		.2		-		-		-
Other		1.1		1.0		-		1.0		-		-
Net periodic benefit cost	$	45.0	$	27.6	$	33.6	$	31.8	$	2.9	$	3.7

Net periodic benefit cost is primarily included in cost of sales, selling and administrative expense, and pension settlement loss on our consolidated income statements. The amount of net periodic benefit cost capitalized in 2015 and 2014 was not material.

Our U.S. supplemental pension plan provides for a lump sum benefit payment option at the time of retirement, or for corporate officers, six months after their retirement date. Pension settlements are immediately recognized when cash payments exceed the sum of the service and interest cost components of net periodic pension cost of the plan for the fiscal year. The participant’s vested benefit is considered settled upon cash payment of the lump sum. For the three months ended 31 March 2015, we recognized a pension settlement charge of $12.6 to accelerate recognition of a portion of actuarial losses deferred in accumulated other comprehensive loss associated with the U.S. supplemental pension plan.

Special termination benefits for the three and six months ended 31 March 2015 are $3.0 and $5.7 respectively, related to the business restructuring and cost reduction actions. In addition, curtailment losses related to the U.S. Supplementary pension plan of $3.1 are also reflected in the business restructuring and cost reduction actions charge.

For the six months ended 31 March 2015 and 2014, our cash contributions to funded pension plans and benefit payments under unfunded pension plans were $ 95.4 and $ 43.9 , respectively. Total contributions for fiscal 2015 are expected to be approximately $ 130.0 to $ 150.0 . During fiscal 2014, total contributions were $ 78.2 .