Pension and Post-Retirement Benefit Obligations

3 Months Ended

Dec. 31, 2014

Pension and Post-Retirement Benefit Obligations

Pension and Post-Retirement Benefit Obligations

6.Pension and Post-Retirement Benefit Obligations

The following table details the components of net periodic cost for the Company’s pension and post-retirement plans for the three months ended December 31, 2014 and 2013:

	Three Months Ended
	December 31, 2014						December 31, 2013
	U.S.			Int’l			U.S.			Int’l
	(in millions)
Components of net periodic (benefit) cost:
Service costs	$	1.5		$	0.3		$	—		$	0.2
Interest cost on projected benefit obligation	6.4			11.3			1.9			6.8
Expected return on plan assets	(6.7		)	(11.9		)	(2.1		)	(6.4		)
Amortization of prior service cost	—			(0.1		)	—			—
Amortization of net loss	1.1			1.5			1.0			1.2
Settlement loss recognized	—			0.4			—			—
Net periodic cost	$	2.3		$	1.5		$	0.8		$	1.8

The total amounts of employer contributions paid for the three months ended December 31, 2014 were $14.4 million for U.S. plans and $5.4 million for non-U.S. plans. The expected remaining scheduled annual employer contributions for the fiscal year ending September 30, 2015 are $10.3 million for U.S. plans and $19.0 million for non-U.S. plans. The aggregate pension and post-retirement deficit was $612.6 million and $221.3 million as of December 31, 2014 and September 30, 2014, respectively. The long-term portion of the aggregate pension and post-retirement deficit was $599.8 million and $220.7 million as of December 31, 2014 and September 30, 2014, respectively.

The table below provides the expected future benefit payments related to acquired URS pension and post-retirement obligations as of the date of acquisition, in millions:

Year Ending September 30	U.S.		Intl.
2015	$	40.6	$	16.7
2016	26.2		17.2
2017	26.8		17.7
2018	27.4		18.3
2019	27.8		18.9
2020 - 2024	144.1		103.5
Total	$	292.9	$	192.3

- Definition

The entire disclosure for pension and other postretirement benefits.

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