Pension and Other Postretirement Benefits

6 Months Ended

Dec. 31, 2012

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

7.         Pension and Other Postretirement Benefits

The components of the net periodic benefit cost related to the Company’s pension and other postretirement benefits for the three months and six months ended December 31, 2012 and 2011 were as follows:

Three months ended December 31,					Other Postretirement
($ in millions)	Pension Plans				Plans
	2012		2011		2012		2011
Service cost	$	8.0	$	5.5	$	1.1	$	0.7
Interest cost	13.3		12.3		3.0		2.7
Expected return on plan assets	(13.7)		(13.0)		(1.6)		(1.6)
Amortization of net loss	7.0		4.3		0.8		0.6
Amortization of prior service cost (benefit)	0.2		0.2		(1.0)		(1.9)
Net pension expense	$	14.8	$	9.3	$	2.3	$	0.5

Six months ended December 31,					Other Postretirement
($ in millions)	Pension Plans				Plans
	2012		2011		2012		2011
Service cost	$	16.1	$	11.1	$	2.2	$	1.4
Interest cost	26.5		24.6		6.1		5.4
Expected return on plan assets	(27.4)		(26.0)		(3.2)		(3.2)
Amortization of net loss	14.0		8.7		1.6		1.2
Amortization of prior service cost (benefit)	0.4		0.4		(2.0)		(3.9)
Net pension expense	$	29.6	$	18.8	$	4.7	$	0.9

During the six months ended December 31, 2012 and 2011, the Company made $57.9 million and $15.4 million, respectively of required contributions to its defined benefit pension plans.  The Company currently expects to make approximately $24.0 million in required contributions to its defined benefit pension plans during the remainder of fiscal year 2013.