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Pension and Other Postretirement Benefits
6 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS
We sponsor several defined benefit pension plans. Additionally, we provide varying levels of postretirement health care and life insurance benefits to certain U.S. employees.
The table below summarizes the components of net periodic pension income:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
(in thousands)
2018
 
2017
 
2018
 
2017
Service cost
$
407

 
$
406

 
$
818

 
$
810

Interest cost
7,970

 
7,678

 
15,960

 
15,335

Expected return on plan assets
(13,434
)
 
(14,132
)
 
(26,896
)
 
(28,221
)
Amortization of transition obligation
23

 
23

 
45

 
46

Amortization of prior service (credit) cost
(5
)
 
(41
)
 
(10
)
 
132

Recognition of actuarial losses
1,679

 
1,718

 
3,374

 
3,428

Net periodic pension income
$
(3,360
)
 
$
(4,348
)
 
$
(6,709
)
 
$
(8,470
)

The table below summarizes the components of net periodic other postretirement benefit cost:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
(in thousands)
2018
 
2017
 
2018
 
2017
Interest cost
$
153

 
$
157

 
$
307

 
$
314

Amortization of prior service credit
(22
)
 
(6
)
 
(45
)
 
(11
)
Recognition of actuarial loss
62

 
70

 
124

 
140

Net periodic other postretirement benefit cost
$
193

 
$
221

 
$
386

 
$
443


In accordance with ASU 2017-07, as described in Note 2, the service cost of $0.4 million and $0.8 million for the three and six months ended December 31, 2018 and 2017 was reported as a component of cost of goods sold and operating expense. The other components of net periodic pension income and net periodic other postretirement benefit cost totaling a net benefit of $3.6 million and $7.1 million for the three and six months ended December 31, 2018 were presented as a component of other income, net. For the three and six months ended December 31, 2017, we reclassified a net benefit of $3.0 million and $6.1 million, respectively, from cost of goods sold to other income, net and a net benefit of $1.5 million and $2.8 million, respectively, from operating expense to other income, net.