XML 91 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Pension and Postretirement Benefit Plans (Tables)
 6 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs
The following table presents the components of net periodic benefit costs for Meredith's pension and postretirement benefit plans:

 
Three Months
 
 
Six Months
Periods ended December 31,
2019
 
2018
 
 
2019
 
2018
(In millions)
 
 
 
 
 
 
 
 
Domestic Pension Benefits
 
 
 
 
 
 
 
 
Service cost
$
2.5

 
$
2.9

 
 
$
5.0

 
$
5.8

Interest cost
1.3

 
1.7

 
 
2.7

 
3.3

Expected return on plan assets
(2.4
)
 
(2.5
)
 
 
(4.8
)
 
(4.9
)
Prior service cost amortization
0.2

 
0.2

 
 
0.3

 
0.3

Actuarial loss amortization
0.6

 
0.5

 
 
1.2

 
1.0

Settlement charge
8.8

 
—

 
 
8.8

 
—

Net periodic benefit costs
$
11.0

 
$
2.8

 
 
$
13.2

 
$
5.5

 
 
 
 
 
 
 
 
 
International Pension Benefits
 
 
 
 
 
 
 
 
Service cost
$
—

 
$
0.1

 
 
$
—

 
$
0.1

Interest cost
3.7

 
4.3

 
 
7.3

 
8.6

Expected return on plan assets
(4.7
)
 
(8.0
)
 
 
(9.3
)
 
(16.0
)
Prior service credit amortization
0.1

 
—

 
 
0.1

 
—

Net periodic benefit credit
$
(0.9
)
 
$
(3.6
)
 
 
$
(1.9
)
 
$
(7.3
)
 
 
 
 
 
 
 
 
 
Postretirement Benefits
 
 
 
 
 
 
 
 
Interest cost
$
0.1

 
$
0.1

 
 
$
0.1

 
$
0.2

Actuarial gain amortization
(0.2
)
 
(0.2
)
 
 
(0.3
)
 
(0.3
)
Net periodic benefit credit
$
(0.1
)
 
$
(0.1
)
 
 
$
(0.2
)
 
$
(0.1
)