Quarterly report pursuant to Section 13 or 15(d)

Retirement Benefits

v2.4.0.8
Retirement Benefits
9 Months Ended
Jun. 30, 2013
Retirement Benefits  
Retirement Benefits

6.              Retirement Benefits

 

In connection with the Coperion acquisition, we acquired the Coperion defined benefit pension plans based in Germany and the U.S., which were recorded at fair value on the acquisition date.  The aggregate fair value of the total projected benefit obligations acquired was $141.6 and the plan assets at fair value totaled $16.0, resulting in an assumed liability of $125.6 at December 1, 2012.  We estimate we will be required to make minimum contributions of $2.3 during the remainder of fiscal year 2013 related to these Coperion defined benefit pension plans, although we may make additional discretionary contributions.

 

Defined Benefit Plans

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Service costs

 

$

1.6

 

$

1.5

 

$

4.8

 

$

4.5

 

Interest costs

 

4.3

 

3.2

 

12.2

 

9.5

 

Expected return on plan assets

 

(3.5

)

(3.4

)

(10.4

)

(10.1

)

Amortization of unrecognized prior service costs, net

 

0.3

 

0.2

 

0.7

 

0.6

 

Amortization of net loss

 

1.8

 

1.4

 

5.4

 

4.3

 

Net pension costs

 

$

4.5

 

$

2.9

 

$

12.7

 

$

8.8

 

 

Postretirement Healthcare Plans — Net postretirement healthcare costs were $0.1 and $0.3 for the three months ended June 30, 2013 and 2012, and $0.4 and $0.7 for the nine months ended June 30, 2013 and 2012.

 

Defined Contribution Plans — Expenses related to our defined contribution plans were $2.1 and $2.2 for the three months ended June 30, 2013 and 2012, and $6.2 and $6.1 for the nine months ended June 30, 2013 and 2012.