EMPLOYEE BENEFIT PLANS

9 Months Ended

Mar. 31, 2019

Defined Benefit Plan [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

The following table summarizes the components of net periodic benefit cost for the Company’s retirement income plans:

	Three Months Ended						Nine Months Ended
	3/31/2019			3/31/2018			3/31/2019			3/31/2018
Service cost	$	—		$	1		$	—		$	1
Interest cost	5			6			17			17
Expected return on plan assets (1)	(4		)	(5		)	(13		)	(14		)
Amortization of unrecognized items	2			2			7			7
Total	$	3		$	4		$	11		$	11

(1) The weighted average long-term expected rate of return on plan assets used in computing the fiscal year 2019 net periodic benefit cost is 4.33%.

During the three and nine months ended March 31, 2019, the Company made $57 and $61 in contributions to its domestic retirement income plans. During the three and nine months ended March 31, 2018, the Company made $15 and $19 in contributions to its domestic retirement income plans.

As a result of adopting ASU No. 2017-07, “Compensation-Retirement Benefits (Topic 715),” effective July 1, 2018, net periodic benefit cost is reflected in Other (income) expense, net for fiscal year 2019, and in Cost of products sold, Selling and administrative expenses and Research and development costs prior to fiscal year 2019. Refer to Note 1 for more details.