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Pension and Other Postretirement Benefits | 9 Months Ended
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Mar. 31, 2019
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. participants. The table below summarizes the components of net periodic pension income:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
(in thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Service cost | $ | 406 |  |  | $ | 414 |  |  | $ | 1,224 |  |  | $ | 1,224 |
Interest cost | 7,979 |  |  | 7,716 |  |  | 23,939 |  |  | 23,051 |
Expected return on plan assets | (13,456 | ) |  | (14,188 | ) |  | (40,352 | ) |  | (42,410 | )
Amortization of transition obligation | 23 |  |  | 24 |  |  | 68 |  |  | 70 |
Amortization of prior service (credit) cost | (5 | ) |  | (42 | ) |  | (15 | ) |  | 90 |
Recognition of actuarial losses | 1,682 |  |  | 1,746 |  |  | 5,056 |  |  | 5,174 |
Net periodic pension income | $ | (3,371 | ) |  | $ | (4,330 | ) |  | $ | (10,080 | ) |  | $ | (12,801 | )
The table below summarizes the components of net periodic other postretirement benefit cost:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
(in thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Interest cost | $ | 153 |  |  | $ | 157 |  |  | $ | 460 |  |  | $ | 471 |
Amortization of prior service credit | (22 | ) |  | (6 | ) |  | (68 | ) |  | (16 | )
Recognition of actuarial loss | 62 |  |  | 70 |  |  | 186 |  |  | 210 |
Net periodic other postretirement benefit cost | $ | 193 |  |  | $ | 221 |  |  | $ | 578 |  |  | $ | 665 |
In accordance with ASU 2017-07, as described in Note 2, the service cost of $0.4 million and $1.2 million for the three and nine months ended March 31, 2019 and 2018 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 $10.7 million for the three and nine months ended March 31, 2019, respectively, were presented as a component of other income, net. For the three and nine months ended March 31, 2018, we reclassified a net benefit of $3.0 million and $9.1 million, respectively, from cost of goods sold to other income, net and a net benefit of $1.5 million and $4.2 million, respectively, from operating expense to other income, net.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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