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Employee Benefit Plans (Tables)
12 Months Ended
Sep. 30, 2018
Employee Benefit Plans [Abstract]  
Additional Information On Pension Plans



 

 

 

 

 

 

(in millions)

 

2018

 

2017

Changes in benefit obligation:

 

 

 

 

 

 

Benefit obligation, beginning of year

 

$

81.2 

 

$

85.7 

Service cost

 

 

2.0 

 

 

2.5 

Interest cost

 

 

1.9 

 

 

1.6 

Actuarial (gain) loss

 

 

4.3 

 

 

(11.0)

Curtailments

 

 

 

 

(0.2)

Benefits paid

 

 

(2.5)

 

 

(1.5)

Foreign currency exchange rate changes

 

 

(1.0)

 

 

4.1 

Benefit obligation, end of year

 

$

85.9 

 

$

81.2 

Changes in plan assets:

 

 

 

 

 

 

Fair value of plan assets, beginning of year

 

$

49.0 

 

$

43.3 

Actual return on plan assets

 

 

0.8 

 

 

0.6 

Employer contributions

 

 

2.9 

 

 

4.4 

Benefits paid

 

 

(2.5)

 

 

(1.5)

Foreign currency exchange rate changes

 

 

(0.6)

 

 

2.2 

Fair value of plan assets, end of year

 

$

49.6 

 

$

49.0 

Funded Status

 

$

(36.3)

 

$

(32.2)

Amounts recognized in statement of financial position

 

 

 

 

 

 

Other accrued expenses

 

$

0.4 

 

$

0.3 

Other long-term liabilities

 

 

35.9 

 

 

31.9 

Accumulated other comprehensive loss

 

 

22.7 

 

 

19.0 

Weighted average assumptions

 

 

 

 

 

 

Discount rate

 

 

1.00 - 8.30%

 

 

1.13 - 7.50%

Expected return on plan assets

 

 

1.00 - 3.50%

 

 

1.13 - 3.50%

Rate of compensation increase

 

 

2.25 - 7.00%

 

 

1.37 - 7.00%



Components Of Net Periodic Benefit Cost



 

 

 

 

 

 

 

 

 

 



 

 

 

(in millions)

 

 

2018

 

2017

 

2016

Service cost

 

 

$

2.0 

 

$

2.5 

 

$

2.0 

Interest cost

 

 

 

1.9 

 

 

1.6 

 

 

2.0 

Expected return on assets

 

 

 

(1.5)

 

 

(1.5)

 

 

(1.4)

Curtailment

 

 

 

0.1 

 

 

(0.2)

 

 

0.1 

Recognized net actuarial loss

 

 

 

1.0 

 

 

2.3 

 

 

0.5 

Net periodic benefit cost

 

 

$

3.5 

 

$

4.7 

 

$

3.2 

Weighted average assumptions

 

 

 

 

 

 

 

 

 

 

Discount rate

 

 

1.13 - 7.50%

 

1.00 - 8.68%

 

1.00 - 7.00%

Expected return on plan assets

 

 

1.13 - 3.50%

 

1.00 - 3.50%

 

1.00 - 3.50%

Rate of compensation increase

 

 

1.37 - 7.00%

 

2.25 - 7.00%

 

2.25 - 5.50%



Amounts Reclassified From Accumulated Other Comprehensive Loss Associated With Employee Benefit Plan Costs



 

 

 

 

 

 

 

 

 



 

 

 

 

 

(in millions)

 

2018

 

2017

 

2016

Cost of goods sold

 

$

0.5 

 

$

1.2 

 

$

0.1 

Selling expenses

 

 

0.4 

 

 

0.8 

 

 

0.3 

General and administrative expenses

 

 

0.2 

 

 

0.3 

 

 

0.1 

Amounts reclassified from AOCI to continuing operations

 

$

1.1 

 

$

2.3 

 

$

0.5 

Amounts reclassified from AOCI to discontinued operations

 

$

2.1 

 

$

3.2 

 

$

1.9 



Summary Of Allocation Of Pension Plan Assets



 

 

 

 

 

 

 

Asset Type

 

 

2018

 

2017

Equity Securities

 

 

%

 

%

Fixed Income Securities

 

 

%

 

%

Other

 

 

95 

%

 

95 

%

Total

 

 

100 

%

 

100 

%



Fair Value Of Pension Plan Assets By Asset Category





 

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2018 (in millions)

 

Level 1

 

Level 2

 

Level 3

 

Total

Foreign cash & cash equivalents

 

$

8.2 

 

$

 

$

 

$

8.2 

Foreign fixed income securities

 

 

 

 

2.3 

 

 

 

 

2.3 

Life insurance contracts

 

 

 

 

38.7 

 

 

 

 

38.7 

Other

 

 

 

 

0.4 

 

 

 

 

0.4 

Total plan assets

 

$

8.2 

 

$

41.4 

 

$

 

$

49.6 



 

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2017 (in millions)

 

Level 1

 

Level 2

 

Level 3

 

Total

Foreign cash & cash equivalents

 

$

8.5 

 

$

 

$

 

$

8.5 

Foreign fixed income securities

 

 

 

 

2.4 

 

 

 

 

2.4 

Life insurance contracts

 

 

 

 

37.6 

 

 

 

 

37.6 

Other

 

 

 

 

0.5 

 

 

 

 

0.5 

Total plan assets

 

$

8.5 

 

$

40.5 

 

$

 

$

49.0 



Schedule Of Benefit Payments Expected To Be Paid



 

 

 

(in millions)

 

Amount

2019

 

$

2.1 

2020

 

 

2.4 

2021

 

 

2.5 

2022

 

 

2.6 

2023

 

 

2.8 

2024-2027

 

 

18.5