XML 32 R18.htm IDEA: XBRL DOCUMENT v3.20.4
Retirement Benefits
3 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
Retirement Benefits RETIREMENT BENEFITS
The components of net periodic benefit cost for our defined benefit pension plans for the three months ended 31 December 2020 and 2019 were as follows:
Pension Benefits
20202019
Three Months Ended 31 DecemberU.S.InternationalU.S.International
Service cost$5.4 $5.7 $5.8 $5.9 
Interest cost17.2 6.1 22.8 6.2 
Expected return on plan assets(48.6)(20.2)(47.2)(19.5)
Prior service cost amortization0.3 — 0.3 — 
Actuarial loss amortization19.7 4.6 21.0 4.9 
Other— 0.3 — 0.2 
Net Periodic (Benefit) Cost($6.0)($3.5)$2.7 ($2.3)
Our service costs are primarily included within "Cost of sales" and "Selling and administrative" on our consolidated income statements. The amount of service costs capitalized in the first three months of fiscal years 2021 and 2020 were not material. The non-service related impacts are presented outside operating income within "Other non-operating income (expense), net."
For the three months ended 31 December 2020 and 2019, our cash contributions to funded pension plans and benefit payments under unfunded pension plans were $21.2 and $8.3, respectively. Total contributions for fiscal year 2021 are expected to be approximately $45 to $55. During fiscal year 2020, total contributions were $37.5.
During the three months ended 31 December 2020, we recognized actuarial gain amortization of $0.4 for our other postretirement benefits plan. There was no amortization in fiscal year 2020 as the corridor for the plan was not exceeded.