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Employee Benefit Plans
9 Months Ended
Jun. 30, 2021
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plans

NOTE K - EMPLOYEE BENEFIT PLANS

Schülke personal care acquisition

In April 2021, in conjunction with the purchase of the Schülke personal care business, Ashland assumed $6 million of net liabilities associated with defined benefit pension plans.

Plan contributions

For the nine months ended June 30, 2021, Ashland contributed $5 million to its non-U.S. pension plans and $1 million to its U.S. pension plans. Ashland does not expect to make additional contributions to its non-U.S. and U.S. pension plans during the remainder of fiscal 2021.

Components of net periodic benefit costs (income)

The following table details the components of pension and other postretirement benefit costs for continuing operations.

 

 

 

Pension benefits

 

 

Other postretirement
benefits

 

(In millions)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Three months ended June 30

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1

 

 

$

1

 

 

$

 

 

$

 

Interest cost

 

 

2

 

 

 

2

 

 

 

 

 

 

1

 

Expected return on plan assets

 

 

(2

)

 

 

(3

)

 

 

 

 

 

 

Curtailment

 

 

 

 

 

 

 

 

 

 

 

 

Total net periodic benefit costs

 

$

1

 

 

$

 

 

$

 

 

$

1

 

Nine months ended June 30

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

4

 

 

$

3

 

 

$

 

 

$

1

 

Interest cost

 

 

4

 

 

 

5

 

 

 

1

 

 

 

1

 

Expected return on plan assets

 

 

(6

)

 

 

(7

)

 

 

 

 

 

 

Curtailment

 

 

 

 

 

 

 

 

 

 

 

 

Total net periodic benefit costs

 

$

2

 

 

$

1

 

 

$

1

 

 

$

2

 

 

For segment reporting purposes, service cost is proportionately allocated to each segment, excluding the Unallocated and other segment, and is recorded within the selling, general and administrative expense and cost of sales captions on the Statements of Consolidated Comprehensive Loss (Income). All other components are recorded within the other net periodic benefit income caption on the Statements of Consolidated Comprehensive Loss (Income).