XML 29 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Post Retirement Benefit Plans
 9 Months Ended
Jul. 31, 2016
Postemployment Benefits [Abstract]  
Post Retirement Benefit Plans
POST RETIREMENT BENEFIT PLANS
The components of net periodic pension cost include the following (Dollars in millions):
 
Three Months Ended
July 31,
 
Nine Months Ended
July 31,
 
2016
 
2015
 
2016
 
2015
Service cost
$
3.2

 
$
4.1

 
$
9.4

 
$
12.4

Interest cost
5.7

 
7.1

 
16.9

 
21.3

Expected return on plan assets
(8.3
)
 
(8.4
)
 
(24.9
)
 
(25.3
)
Amortization of prior service cost, initial net asset and net actuarial gain
2.8

 
3.7

 
8.6

 
11.0

Net periodic pension costs
$
3.4

 
$
6.5

 
$
10.0

 
$
19.4


The Company made $9.4 million and $8.1 million in pension contributions in the nine months ended July 31, 2016 and 2015, respectively. The Company estimates $12.5 million of pension contributions for the twelve months ended October 31, 2016.
The components of net periodic cost for postretirement benefits include the following (Dollars in millions):
 
Three Months Ended
July 31,
 
Nine Months Ended
July 31,
 
2016
 
2015
 
2016
 
2015
Service cost
$
—

 
$
—

 
$
—

 
$
—

Interest cost
0.2

 
0.1

 
0.4

 
0.5

Amortization of prior service cost and recognized actuarial gain
(0.4
)
 
(0.4
)
 
(1.2
)
 
(1.2
)
Net periodic benefit for postretirement benefits
$
(0.2
)
 
$
(0.3
)
 
$
(0.8
)
 
$
(0.7
)