XML 43 R31.htm IDEA: XBRL DOCUMENT v3.23.2
Pension Benefits (Tables) - Defined Benefit Pension Plans [Member]
 12 Months Ended
Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]  
Discount Rate
The actuarial present value of benefit obligations summarized below was based on the following assumption:
20232022
Weighted-average assumption as of June 30
Discount rate5.18 %4.52 %
Net Periodic Benefit Costs Assumptions
The net periodic benefit costs were determined utilizing the following beginning-of-the-year assumptions:
202320222021
Discount rate4.52 %2.58 %2.49 %
Expected long-term return on plan assets5.00 %5.00 %5.00 %
Target And Actual Asset Allocations
The target and actual asset allocations for our plans at June 30 by asset category were as follows:
 Target Percentage
of Plan Assets at
June 30		Actual Percentage of Plan Assets
 202320232022
Equity securities
20%-80%
27 25 
Fixed income, including cash
20%-80%
73 75 
Total100 %100 %
Summary Of The Fair Values And Levels Within The Fair Value Hierarchy Of Pension Plan Assets The following table summarizes the fair values and levels, within the fair value hierarchy, for our plan assets at June 30:
 June 30, 2023
Asset CategoryLevel 1Level 2Level 3Total
Cash and equivalents$997 $— $— $997 
Money market funds702 — — 702 
Mutual funds fixed income19,353 — — 19,353 
Mutual funds equity7,724 — — 7,724 
Total$28,776 $— $— $28,776 
 June 30, 2022
Asset CategoryLevel 1Level 2Level 3Total
Cash and equivalents$734 $— $— $734 
Money market funds795 — — 795 
Mutual funds fixed income20,628 — — 20,628 
Mutual funds equity7,454 — — 7,454 
Total$29,611 $— $— $29,611 
Schedule Of Change In Benefit Obligation
20232022
Change in benefit obligation
Benefit obligation at beginning of year$31,043 $37,439 
Interest cost1,344 935 
Actuarial gain(2,047)(5,130)
Benefits paid(2,388)(2,201)
Benefit obligation at end of year$27,952 $31,043 
Schedule Of Change In Plan Assets
 20232022
Change in plan assets
Fair value of plan assets at beginning of year$29,611 $39,419 
Actual return on plan assets896 (7,607)
Employer contributions657 — 
Benefits paid(2,388)(2,201)
Fair value of plan assets at end of year$28,776 $29,611 
Schedule Of Funded Status
 20232022
Funded status - net prepaid (accrued) benefit cost$824 $(1,432)
Schedule Of Amounts Recognized In The Consolidated Balance Sheets
 20232022
Amounts recognized in the Consolidated Balance Sheets consist of
Prepaid benefit cost (Other Noncurrent Assets)$1,286 $381 
Accrued benefit liability (Other Noncurrent Liabilities)(462)(1,813)
Net amount recognized$824 $(1,432)
Schedule Of Accumulated Benefit Obligation
 20232022
Accumulated benefit obligation$27,952 $31,043 
Plans With Benefit Obligations In Excess Of The Fair Value Of Plan Assets
The following table discloses, in the aggregate, those plans with benefit obligations in excess of the fair value of plan assets at the June 30 measurement date:
20232022
Benefit obligations$5,108 $23,836 
Fair value of plan assets at end of year$4,646 $22,023 
Amounts Recognized In Accumulated Other Comprehensive Loss
Amounts recognized in accumulated other comprehensive loss at June 30 were as follows:
20232022
Net actuarial loss$13,846 $16,098 
Income taxes(3,236)(3,762)
Total$10,610 $12,336 
Components Of Net Periodic Benefit Cost (Income)
The following table summarizes the components of net periodic benefit cost (income) for our pension plans at June 30:
202320222021
Components of net periodic benefit cost (income)
Interest cost$1,344 $935 $965 
Expected return on plan assets(1,416)(1,911)(1,779)
Amortization of unrecognized net loss725 428 692 
Net periodic benefit cost (income)$653 $(548)$(122)
Benefit Payments Estimated For Future Years
Benefit payments estimated for future years are as follows:
2024$2,550 
2025$2,498 
2026$2,429 
2027$2,364 
2028$2,281 
2029 - 2033$10,393