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POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN (Tables)
12 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block] The following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans:
 
Pension Benefits (1)
 
Other Retiree Benefits (2)
Years ended June 30
2018
 
2017
 
2018
 
2017
CHANGE IN BENEFIT OBLIGATION
 
 
 
 
 
 
 
Benefit obligation at beginning of year (3)
$
16,160


$
17,285


$
5,187


$
5,632

Service cost
280

 
310

 
112

 
133

Interest cost
348

 
300

 
177

 
175

Participants' contributions
13

 
14

 
73

 
74

Amendments
12

 
2

 
(231
)
 

Net actuarial loss/(gain)
(722
)
 
(643
)
 
(308
)
 
(554
)
Acquisitions/(divestitures) (4)

 
(413
)
 

 
(31
)
Curtailments

 
(132
)
 

 
(37
)
Special termination benefits
8

 
4

 
7

 
21

Currency translation and other
148

 
35

 
5

 
16

Benefit payments
(589
)
 
(602
)
 
(244
)
 
(242
)
BENEFIT OBLIGATION AT END OF YEAR (3)
$
15,658

 
$
16,160

 
$
4,778

 
$
5,187

CHANGE IN PLAN ASSETS
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
$
10,829

 
$
10,269

 
$
3,831

 
$
3,787

Actual return on plan assets
553

 
884

 
(481
)
 
136

Acquisitions/(divestitures) (4)

 
(34
)
 

 

Employer contributions
406

 
316

 
33

 
36

Participants' contributions
13

 
14

 
73

 
74

Currency translation and other
55

 
(18
)
 
(3
)
 
(4
)
ESOP debt impacts (5)

 

 
50

 
44

Benefit payments
(589
)
 
(602
)
 
(244
)
 
(242
)
FAIR VALUE OF PLAN ASSETS AT END OF YEAR
$
11,267

 
$
10,829

 
$
3,259

 
$
3,831

FUNDED STATUS
$
(4,391
)
 
$
(5,331
)
 
$
(1,519
)
 
$
(1,356
)
(1) 
Primarily non-U.S.-based defined benefit retirement plans.
(2) 
Primarily U.S.-based other postretirement benefit plans.
(3) 
For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation.
(4) 
For the year ended June 30, 2017, this represents the obligations and plans which were classified as held for sale at June 30, 2016.
(5) 
Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits.
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] The underfunding of pension benefits is primarily a function of the different funding incentives that exist outside of the U.S. In certain countries, there are no legal requirements or financial incentives provided to companies to pre-fund pension obligations prior to their due date. In these instances, benefit payments are typically paid directly from the Company's cash as they become due.
 
Pension Benefits
 
Other Retiree Benefits
As of June 30
2018
 
2017
 
2018
 
2017
CLASSIFICATION OF NET AMOUNT RECOGNIZED
 
 
 
 
 
 
 
Noncurrent assets
$
420

 
$
196

 
$

 
$

Current liabilities
(43
)
 
(40
)
 
(24
)
 
(23
)
Noncurrent liabilities
(4,768
)
 
(5,487
)
 
(1,495
)
 
(1,333
)
NET AMOUNT RECOGNIZED
$
(4,391
)
 
$
(5,331
)
 
$
(1,519
)
 
$
(1,356
)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)
 
 
Net actuarial loss
$
3,787

 
$
4,548

 
$
2,366

 
$
1,819

Prior service cost/(credit)
244

 
245

 
(478
)
 
(293
)
NET AMOUNTS RECOGNIZED IN AOCI
$
4,031

 
$
4,793

 
$
1,888

 
$
1,526

Schedule of Accumulated and Projected Benefit Obligations [Table Text Block] Pension plans with accumulated benefit obligations in excess of plan assets and plans with projected benefit obligations in excess of plan assets consisted of the following:
 
Accumulated Benefit Obligation  Exceeds the Fair Value of Plan Assets
 
Projected Benefit Obligation  Exceeds the Fair Value of Plan Assets
As of June 30
2018
 
2017
 
2018
 
2017
Projected benefit obligation
$
8,467

 
$
13,699

 
$
8,962

 
$
14,181

Accumulated benefit obligation
7,573

 
12,276

 
7,974

 
12,630

Fair value of plan assets
3,740

 
8,279

 
4,150

 
8,654

Schedule of Net Benefit Costs [Table Text Block] Components of the net periodic benefit cost were as follows:
 
Pension Benefits
 
Other Retiree Benefits
 
Years ended June 30
2018
 
2017
 
2016
 
2018
 
2017
 
2016
 
AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST
 
Service cost
$
280

 
$
310

(1) 
$
314

(1) 
$
112

 
$
133

(1) 
$
124

(1) 
Interest cost
348

 
300

 
466

 
177

 
175

 
219

 
Expected return on plan assets
(751
)
 
(675
)
 
(731
)
 
(451
)
 
(431
)
 
(416
)
 
Amortization of net actuarial loss
295

 
375

 
265

 
69

 
122

 
78

 
Amortization of prior service cost/(credit)
28

 
28

 
29

 
(41
)
 
(45
)
 
(52
)
 
Amortization of net actuarial loss/ prior service cost due to settlements and curtailments

 
186

(2) 

 

 
16

(2) 

 
Special termination benefits
8

 
4

 
6

 
7

 
21

(2) 
12

 
GROSS BENEFIT COST/(CREDIT)
208

 
528

 
349

 
(127
)
 
(9
)
 
(35
)
 
Dividends on ESOP preferred stock

 

 

 
(37
)
 
(45
)
 
(52
)
 
NET PERIODIC BENEFIT COST/(CREDIT)
$
208

 
$
528

 
$
349

 
$
(164
)
 
$
(54
)
 
$
(87
)
 
CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI
 
Net actuarial loss/(gain) - current year
$
(524
)
 
$
(852
)
 
 
 
$
624

 
$
(259
)
 
 
 
Prior service cost/(credit) - current year
12

 
2

 
 
 
(231
)
 

 
 
 
Amortization of net actuarial loss
(295
)
 
(375
)
 
 
 
(69
)
 
(122
)
 
 
 
Amortization of prior service (cost)/credit
(28
)
 
(28
)
 
 
 
41

 
45

 
 
 
Amortization of net actuarial loss/prior service costs due to settlements and curtailments

 
(186
)
 
 
 

 
(16
)
 
 
 
Reduction in net actuarial losses resulting from curtailment

 
(132
)
 
 
 

 
(37
)
 
 
 
Currency translation and other
73

 
6

 
 
 
(3
)
 
2

 
 
 
TOTAL CHANGE IN AOCI
(762
)
 
(1,565
)
 
 
 
362

 
(387
)
 
 
 
NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST AND AOCI
$
(554
)
 
$
(1,037
)
 
 
 
$
198

 
$
(441
)
 
 
 

(1) 
Service cost includes amounts related to discontinued operations in fiscal years ended June 30, 2017 and June 30, 2016, which are not material for any period.
(2) 
For fiscal year ended June 30, 2017, amortization of net actuarial loss / prior service cost due to settlement and curtailments and $18 of the special termination benefits are included in Net earnings from discontinued operations.
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] Amounts expected to be amortized from AOCI into net periodic benefit cost during the year ending June 30, 2019, are as follows:
 
Pension Benefits
 
Other Retiree Benefits
Net actuarial loss
$
224

 
$
71

Prior service cost/(credit)
26

 
(49
)
Schedule of Assumptions Used [Table Text Block] The weighted average assumptions used to determine benefit obligations recorded on the Consolidated Balance Sheets as of June 30, were as follows: (1) 
 
Pension Benefits
 
Other Retiree Benefits
As of June 30
2018
 
2017
 
2018
 
2017
Discount rate
2.5
%
 
2.4
%
 
4.2
%
 
3.9
%
Rate of compensation increase
2.6
%
 
3.0
%
 
N/A

 
N/A

Health care cost trend rates assumed for next year
N/A

 
N/A

 
6.6
%
 
6.4
%
Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate)
N/A

 
N/A

 
4.9
%
 
4.9
%
Year that the rate reaches the ultimate trend rate
N/A

 
N/A

 
2025

 
2022

(1) 
Determined as of end of fiscal year.
The weighted average assumptions used to determine net benefit cost recorded on the Consolidated Statement of Earnings for the years ended June 30, were as follows: (1) 
 
Pension Benefits
 
Other Retiree Benefits
Years ended June 30
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Discount rate
2.4
%
 
2.1
%
 
3.1
%
 
3.9
%
 
3.6
%
 
4.5
%
Expected return on plan assets
6.8
%
 
6.9
%
 
7.2
%
 
8.3
%
 
8.3
%
 
8.3
%
Rate of compensation increase
3.0
%
 
2.9
%
 
3.1
%
 
N/A

 
N/A

 
N/A


(1) 
Determined as of beginning of fiscal year.
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block] A one percentage point change in assumed health care cost trend rates would have the following effects:
 
One-Percentage
Point Increase
 
One-Percentage
Point Decrease
Effect on the total service and interest cost components
$
62

 
$
(47
)
Effect on the accumulated postretirement benefit obligation
737

 
(585
)
Schedule of Allocation of Plan Assets [Table Text Block] Our target asset allocation for the year ended June 30, 2018, and actual asset allocation by asset category as of June 30, 2018 and 2017, were as follows:
 
Target Asset Allocation
 
Actual Asset Allocation at June 30
 
Pension Benefits
 
Other Retiree
Benefits
 
Pension Benefits
 
Other Retiree Benefits
Asset Category
 
 
2018
 
2017
 
2018
 
2017
Cash
%
 
2
%
 
2
%
 
2
%
 
1
%
 
1
%
Debt securities
65
%
 
3
%
 
59
%
 
53
%
 
4
%
 
4
%
Equity securities
35
%
 
95
%
 
39
%
 
45
%
 
95
%
 
95
%
TOTAL
100
%
 
100
%
 
100
%
 
100
%
 
100
%
 
100
%
Pension and Postretirement Plan Assets By Fair Value Hierarchy [Table Text Block] These assets are not valued using the fair value hierarchy, but rather valued using the net asset value reported by the managers of the funds and as supported by the unit prices of actual purchase and sale transactions.
 
Pension Benefits
 
Other Retiree Benefits
As of June 30
Fair Value Hierarchy Level
 
2018
 
2017
 
Fair Value Hierarchy Level
 
2018
 
2017
ASSETS AT FAIR VALUE
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
1
 
$
136

 
$
134

 
1
 
$
5

 
$
6

Company stock (1)
 
 

 

 
2
 
3,092

 
3,643

Other (2)
1, 2 & 3
 
400

 
165

 
1
 
4

  
7

TOTAL ASSETS IN THE FAIR VALUE HEIRARCHY
 
 
536

 
299

 
 
 
3,101

 
3,656

Investments valued at net asset value
 
 
10,731

  
10,530

 
 
 
158

  
175

TOTAL ASSETS AT FAIR VALUE
 
 
$
11,267

 
10,829

 
 
 
$
3,259

  
3,831

(1) 
Company stock is net of ESOP debt discussed below.
(2) 
The Company's other pension plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension plan asset balances classified as Level 1 or Level 2 within the fair value hierarchy.
Schedule of Expected Benefit Payments [Table Text Block] Total benefit payments expected to be paid to participants, which include payments funded from the Company's assets and payments from the plans are as follows:
Years ending June 30
Pension
Benefits
 
Other Retiree
Benefits
EXPECTED BENEFIT PAYMENTS
 
 
2019
$
517

 
$
194

2020
508

 
207

2021
545

 
219

2022
557

 
231

2023
577

 
241

2024 - 2028
3,280

 
1,339

Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block] The number of preferred shares outstanding at June 30 was as follows:
Shares in thousands
2018
 
2017
 
2016
Allocated
34,233

 
36,488

 
39,241

Unallocated
4,117

 
5,060

 
6,095

TOTAL SERIES A
38,350

 
41,548

 
45,336

 
 
 
 
Allocated
25,895

 
25,378

 
23,925

Unallocated
28,512

 
30,412

 
32,319

TOTAL SERIES B
54,407

 
55,790

 
56,244