Quarterly report pursuant to Section 13 or 15(d)

Retirement Benefits

v3.8.0.1
Retirement Benefits
3 Months Ended
Dec. 31, 2017
Defined Benefit Plan [Abstract]  
Retirement Benefits
Retirement Benefits
 
Defined Benefit Plans
 
 
U.S. Pension Benefits
 
Non-U.S. Pension Benefits
 
Three Months Ended December 31,
 
Three Months Ended December 31,
 
2017
 
2016
 
2017
 
2016
Service costs
$
0.7

 
$
1.0

 
$
0.6

 
$
0.4

Interest costs
2.2

 
2.2

 
0.3

 
0.2

Expected return on plan assets
(3.5
)
 
(3.3
)
 
(0.2
)
 
(0.1
)
Amortization of unrecognized prior service costs, net

 
0.1

 

 

Amortization of net loss
0.8

 
1.1

 
0.2

 

Net pension costs
$
0.2

 
$
1.1

 
$
0.9

 
$
0.5

 
During the first quarter of 2017, we made an $80.0 contribution to our U.S. defined benefit pension plan (the “Plan”) using cash on hand and funds borrowed from our former $700.0 revolving credit facility and former $180.0 term loan. During 2017, we began implementing a plan to transition our U.S. employees not covered by a collective bargaining agreement and our employees covered by a collective bargaining agreement at two of our U.S. facilities from a defined benefit-based model to a defined contribution structure over a three-year sunset period. These changes caused immaterial remeasurements for the Plan for the affected populations.

Postretirement Healthcare Plans — Net postretirement healthcare costs were $0.0 and $0.1 for the three months ended December 31, 2017 and 2016.

Defined Contribution Plans — Expenses related to our defined contribution plans were $2.7 and $2.6 for the three months ended December 31, 2017 and 2016.