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Pension and Post-Retirement Benefit Obligations
6 Months Ended
Mar. 31, 2015
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 and six months ended March 31, 2015 and 2014:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

March 31, 2015

 

March 31, 2014

 

March 31, 2015

 

March 31, 2014

 

 

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

U.S.

 

Int’l

 

 

 

(in millions)

 

Components of net periodic cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service costs

 

$

1.7

 

$

0.2

 

$

 

$

0.2

 

$

3.2

 

$

0.5

 

$

 

$

0.4

 

Interest cost on projected benefit obligation

 

7.2

 

11.6

 

1.9

 

7.0

 

13.6

 

22.9

 

3.8

 

13.8

 

Expected return on plan assets

 

(7.6

)

(12.2

)

(2.1

)

(6.5

)

(14.3

)

(24.1

)

(4.2

)

(12.9

)

Amortization of prior service costs

 

 

 

 

(0.1

)

 

(0.1

)

 

(0.1

)

Amortization of net loss

 

1.1

 

1.5

 

1.0

 

1.2

 

2.2

 

3.0

 

2.0

 

2.4

 

Settlement loss recognized

 

 

 

 

 

 

0.4

 

 

 

Net periodic cost

 

$

2.4

 

$

1.1

 

$

0.8

 

$

1.8

 

$

4.7

 

$

2.6

 

$

1.6

 

$

3.6

 

 

The total amounts of employer contributions paid for the six months ended March 31, 2015 were $21.3 million for U.S. plans and $11.3 million for non-U.S. plans. The expected remaining scheduled annual employer contributions for the fiscal year ending September 30, 2015 are $8.3 million for U.S. plans and $11.9 million for non-U.S. plans. The aggregate pension and post-retirement benefit obligations were $591.9 million and $221.3 million as of March 31, 2015 and September 30, 2014, respectively. The long-term portion of the aggregate pension and post-retirement deficit was $578.9 million and $220.7 million as of March 31, 2015 and September 30, 2014, respectively.