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Employee Benefit Plans
6 Months Ended
Mar. 31, 2019
Employee Benefit Plans [Abstract]  
Employee Benefit Plans

NOTE 14 - EMPLOYEE BENEFIT PLANS



The net periodic benefit cost for defined benefit plans for the three and six month periods ended March 31, 2019 and 2018 are as follows:



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

U.S. Plans

 

Non U.S. Plans

(in millions)

 

March 31, 2019

 

March 31, 2018

 

March 31, 2019

 

March 31, 2018

Three Month Period Ended

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

0.1 

 

$

0.1 

 

$

0.5 

 

$

0.5 

Interest cost

 

 

0.7 

 

 

0.7 

 

 

0.9 

 

 

0.9 

Expected return on assets

 

 

(1.1)

 

 

(1.1)

 

 

(1.1)

 

 

(1.1)

Settlement and curtailment

 

 

 

 

 

 

 

 

Recognized net actuarial loss

 

 

0.1 

 

 

0.3 

 

 

0.5 

 

 

0.4 

Net periodic benefit cost

 

$

(0.2)

 

$

 

$

0.8 

 

$

0.7 

Six Month Period Ended

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

0.2 

 

$

0.2 

 

$

1.0 

 

$

1.0 

Interest cost

 

 

1.4 

 

 

1.4 

 

 

1.8 

 

 

1.8 

Expected return on assets

 

 

(2.2)

 

 

(2.3)

 

 

(2.2)

 

 

(2.2)

Recognized net actuarial loss

 

 

0.1 

 

 

0.5 

 

 

1.0 

 

 

0.8 

Net periodic benefit cost

 

$

(0.5)

 

$

(0.2)

 

$

1.6 

 

$

1.4 

Weighted average assumptions

 

 

 

 

 

 

 

 

 

 

 

 

Discount rate

 

4.10%

 

4.25%

 

1.00 - 8.15%

 

1.75 - 7.00%

Expected return on plan assets

 

6.50%

 

7.25%

 

1.00 - 4.01%

 

1.75 - 4.53%

Rate of compensation increase

 

N/A

 

N/A

 

2.05 - 4.85%

 

2.25 - 5.50%



Contributions to our pension and defined benefit plans, including discretionary amounts, for the three month periods ended March 31, 2019 and 2018, were $0.5 and $2.0 million, respectively.  Contributions to our pension and defined benefit plans, including discretionary amounts, for the six month periods ended March 31, 2019 and 2018 were $0.9 and $3.1 million, respectively.