v3.26.1
Pensions
3 Months Ended
Jun. 30, 2026
Pensions  
Pensions

Note 5: Pensions

During the third quarter of fiscal 2026, the Company completed the termination of its primary U.S. pension plan. The Company fully funded the plan and settled all future obligations under it through a combination of lump-sum payments to participants and the purchase of irrevocable annuity contracts. Certain non-U.S. subsidiaries of the Company have legacy defined benefit plans which cover a small number of active employees and are substantially unfunded. The primary non-U.S. plans are maintained in Germany and Italy and are closed to new participants.

Pension cost included the following components:

Three months ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Service cost

$

$

Interest cost

 

0.1

2.4

Expected return on plan assets

 

(2.2)

Amortization of unrecognized net loss

 

1.2

Net periodic benefit cost

$

0.1

$

1.4

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