Rendering

Component: (Network and Table)
Network
31903 - Disclosure - Retirement Plans (Tables)
(http://www.infor.com/role/DisclosureRetirementPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Retirement Plans [Abstract]Period [Axis]
2015-05-01 - 2016-04-30
Retirement Plans [Abstract]
 
Change In Benefit Obligation



 

 

 

 

 

 

Change in Projected Benefit Obligation

 

 

 

 

 

 



 

 

 

 

 

 



 

 

April 30,

(in millions)

 

 

2016

 

 

2015

Projected Benefit obligation, beginning of fiscal year

 

$

114.3 

 

$

106.6 

Service cost

 

 

1.5 

 

 

1.2 

Interest cost

 

 

3.1 

 

 

3.4 

Plan participants' contributions

 

 

0.3 

 

 

0.3 

Actuarial (gain) loss

 

 

(2.2)

 

 

14.7 

Benefits payments

 

 

(3.1)

 

 

(2.2)

Assumption changes

 

 

(0.6)

 

 

0.6 

Curtailment/settlement

 

 

(2.5)

 

 

(0.3)

Currency translation adjustment

 

 

(4.0)

 

 

(10.0)

Projected benefit obligation, end of fiscal year

 

$

106.8 

 

$

114.3 



 

 

 

 

 

 

Accumulated benefit obligation, end of fiscal year

 

$

101.5 

 

$

109.2 



 
 
Change In Plan Assets



 

 

 

 

 

 

Change in Plan Assets

 

 

 

 

 

 



 

 

 

 

 

 



 

 

April 30,

(in millions)

 

 

2016

 

 

2015

Fair value of plan assets, beginning of fiscal year

 

$

74.9 

 

$

74.2 

Actual return on plan assets

 

 

(0.3)

 

 

6.1 

Employer contribution

 

 

2.5 

 

 

2.3 

Plan participants' contributions

 

 

0.3 

 

 

0.3 

Benefits payments

 

 

(2.8)

 

 

(1.8)

Settlements

 

 

(2.0)

 

 

 -

Other

 

 

(0.7)

 

 

 -

Currency translation adjustment

 

 

(3.4)

 

 

(6.2)

Fair value of plan assets, end of fiscal year

 

$

68.5 

 

$

74.9 



 

 

 

 

 

 

Funded status, end of fiscal year

 

$

(38.3)

 

$

(39.4)



 
 
Amounts Recognized In The Consolidated Balance Sheets



 

 

 

 

 

 

Amounts Recognized on Our Consolidated Balance Sheets

 

 

 

 

 

 



 

 

 

 

 

 



 

 

April 30,

(in millions)

 

 

2016

 

 

2015

Non-current asset

 

$

0.2 

 

$

1.0 

Current liability

 

 

(0.1)

 

 

(0.1)

Non-current liability

 

 

(38.4)

 

 

(40.3)

Total

 

$

(38.3)

 

$

(39.4)



 
 
Amounts Recognized In Accumulated Other Comprehensive Income (Loss)



 

 

 

 

 

 

 

 

 

Amounts Recognized in Accumulated Other Comprehensive Income (Loss)



 

 

 

 

 

 

 

 

 



 

 

April 30,

 

 

 

(in millions)

 

 

2016

 

 

2015

 

 

May 31, 2014

Net actuarial gain (loss)

 

$

(19.7)

 

$

(19.9)

 

$

(8.5)

Prior service cost

 

 

(0.4)

 

 

(1.0)

 

 

(1.4)

Tax

 

 

4.0 

 

 

4.6 

 

 

2.5 

Total amounts recognized in accumulated

 

 

 

 

 

 

 

 

 

 other comprehensive income (loss)

 

$

(16.1)

 

$

(16.3)

 

$

(7.4)



 
 
Components Of Net Periodic Pension Cost



 

 

 

 

 

 

 

 

 

Components of Net Periodic Pension Cost



 

 

 

 

 

 

 

 

 



 

 

Year Ended

 

 

11 Months Ended

 

 

Year Ended

(in millions)

 

 

April 30, 2016

 

 

April 30, 2015

 

 

May 31, 2014

Service cost

 

$

1.5 

 

$

1.2 

 

$

1.4 

Interest cost

 

 

3.1 

 

 

3.4 

 

 

4.2 

Amortization of prior service cost

 

 

0.2 

 

 

0.2 

 

 

1.9 

Amortization of net actuarial (gain) loss

 

 

0.7 

 

 

0.3 

 

 

0.6 

Expected return on plan assets

 

 

(3.8)

 

 

(3.7)

 

 

(3.9)

Curtailment/settlement

 

 

0.1 

 

 

 -

 

 

 -

Net periodic pension cost

 

$

1.8 

 

$

1.4 

 

$

4.2 



 
 
Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss)



 

 

 

 

 

 

 

 

 



 

 

Year Ended

 

 

11 Months Ended

 

 

Year Ended

(in millions)

 

 

April 30, 2016

 

 

April 30, 2015

 

 

May 31, 2014

Net actuarial gain (loss)

 

$

0.2 

 

$

(11.4)

 

$

1.7 

Prior service cost

 

 

0.8 

 

 

0.6 

 

 

2.0 

Amortization of prior service cost

 

 

(0.2)

 

 

(0.2)

 

 

(1.9)

Tax

 

 

(0.6)

 

 

2.1 

 

 

(0.3)

Total recognized in other comprehensive income (loss)

 

$

0.2 

 

$

(8.9)

 

$

1.5 



 

 

 

 

 

 

 

 

 

Total recognized in net periodic benefit costs and

 

 

 

 

 

 

 

 

 

other comprehensive income (loss)

 

$

(1.6)

 

$

(10.3)

 

$

(2.7)



 
 
Estimated Amortization To Be Recognized As Part Of Net Periodic Pension Cost



 

 

 

(in millions)

 

 

 

Net actuarial (gain) loss

 

$

0.6 

Prior service cost

 

$

0.2 



 
 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets



 

 

 

 

 

 



 

 

April 30,

(in millions)

 

 

2016

 

 

2015

Projected benefit obligation

 

$

106.5 

 

$

113.0 

Accumulated benefit obligation

 

$

101.1 

 

$

107.8 

Fair value of plan assets

 

$

68.0 

 

$

72.5 



 
 
Schedule of Fair Value of Plan Assets



 

 

 

 

 

 

 

 

 

 

 

 



 

 

April 30, 2016



 

 

Fair Value Measurements Using Inputs Considered as               

 

 

 

(in millions)

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$

 -

 

$

40.2 

 

$

 -

 

$

40.2 

Debt securities

 

 

 -

 

 

19.2 

 

 

 -

 

 

19.2 

Other

 

 

0.4 

 

 

8.7 

 

 

 -

 

 

9.1 

Total

 

$

0.4 

 

$

68.1 

 

$

 -

 

$

68.5 







 

 

 

 

 

 

 

 

 

 

 

 



 

 

April 30, 2015



 

 

Fair Value Measurements Using Inputs Considered as               

 

 

 

(in millions)

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$

 -

 

$

42.9 

 

$

 -

 

$

42.9 

Debt securities

 

 

 -

 

 

21.4 

 

 

 -

 

 

21.4 

Other

 

 

0.3 

 

 

10.3 

 

 

 -

 

 

10.6 

Total

 

$

0.3 

 

$

74.6 

 

$

 -

 

$

74.9 



 
 
Weighted-Average Assumptions Used To Determine Benefit Obligations



 

 

 

 

 

 

 

 

Weighted-Average Assumptions Used to Determine Benefit Obligations



 

 

 

 

 

 

 

 



April 30,

 

 

May 31,

 



2016

 

 

2015

 

 

2014

 

Projected benefit obligation

 

 

 

 

 

 

 

 

Discount rate

2.9 

%

 

2.9 

%

 

3.9 

%

Rate of compensation increase

2.5 

%

 

2.5 

%

 

2.9 

%

Net periodic benefit cost

 

 

 

 

 

 

 

 

Discount rate

2.9 

%

 

3.7 

%

 

4.0 

%

Expected rate of return on plan assets

5.2 

%

 

5.5 

%

 

5.5 

%

Rate of compensation increase

2.5 

%

 

2.5 

%

 

3.1 

%



 
 
The Asset Allocation For Pension Plans By Asset Category



 

 

 

 

 

 



 

Target 

 

 

Percentage of 

 



 

Allocation

 

 

Plan Assets at

 



 

Fiscal 2017

 

 

April 30, 2016

 



 

 

 

 

 

 

Equity securities

 

58.7 

%

 

58.7 

%

Debt instruments

 

28.0 

%

 

28.0 

%

Other

 

13.3 

%

 

13.3 

%



 
 
Future Benefit Payments Related To Our Defined Benefit Plans



 

 

 

(in millions)

 

 

 

Fiscal 2017

 

$

2.2 

Fiscal 2018

 

 

2.5 

Fiscal 2019

 

 

2.2 

Fiscal 2020

 

 

2.4 

Fiscal 2021

 

 

2.3 

Fiscal 2022 through 2026

 

 

14.7 

Total

 

$

26.3