| Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | Period [Axis] |
|---|
2015-07-01 - 2016-06-30 |
|---|
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | |
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan | Summarized information for the Company’s retirement
income and retirement health care plans as of and for the fiscal years ended June 30 is as follows:
| |
|
Retirement
Income |
|
Retirement
Health Care |
| |
|
2016 |
|
2015 |
|
2016 |
|
2015 |
| Change in benefit obligations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Projected benefit obligation as of beginning of year |
|
$ |
639 |
|
|
$ |
641 |
|
|
$ |
45 |
|
|
$ |
49 |
|
| Service cost |
|
|
1 |
|
|
|
2 |
|
|
|
- |
|
|
|
- |
|
| Interest cost |
|
|
26 |
|
|
|
25 |
|
|
|
2 |
|
|
|
2 |
|
| Actuarial loss (gain) |
|
|
51 |
|
|
|
14 |
|
|
|
2 |
|
|
|
- |
|
| Plan amendments |
|
|
(1 |
) |
|
|
- |
|
|
|
- |
|
|
|
(1 |
) |
| Translation and other adjustments |
|
|
(1 |
) |
|
|
(5 |
) |
|
|
- |
|
|
|
(2 |
) |
| Benefits paid |
|
|
(42 |
) |
|
|
(38 |
) |
|
|
(2 |
) |
|
|
(3 |
) |
| Projected benefit obligation as of end of year |
|
|
673 |
|
|
|
639 |
|
|
|
47 |
|
|
|
45 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in plan assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fair value of assets as of beginning of year |
|
$ |
409 |
|
|
$ |
432 |
|
|
$ |
- |
|
|
$ |
- |
|
| Actual return on plan assets |
|
|
26 |
|
|
|
6 |
|
|
|
- |
|
|
|
- |
|
| Employer contributions |
|
|
31 |
|
|
|
13 |
|
|
|
2 |
|
|
|
3 |
|
| Benefits paid |
|
|
(42 |
) |
|
|
(38 |
) |
|
|
(2 |
) |
|
|
(3 |
) |
| Translation and other adjustments |
|
|
(1 |
) |
|
|
(4 |
) |
|
|
- |
|
|
|
- |
|
| Fair value of plan assets as of end of year |
|
|
423 |
|
|
|
409 |
|
|
|
- |
|
|
|
- |
|
| Accrued benefit cost, net funded status |
|
$ |
(250 |
) |
|
$ |
(230 |
) |
|
$ |
(47 |
) |
|
$ |
(45 |
) |
| |
|
Schedule of Amounts Recognized in the Balance Sheets |
| Amount recognized in the balance sheets consists of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pension benefit assets |
|
$ |
1 |
|
|
$ |
2 |
|
|
$ |
- |
|
|
$ |
- |
|
| Current accrued benefit liability |
|
|
(14 |
) |
|
|
(16 |
) |
|
|
(3 |
) |
|
|
(3 |
) |
| Non-current accrued benefit liability |
|
|
(237 |
) |
|
|
(216 |
) |
|
|
(44 |
) |
|
|
(42 |
) |
| Accrued benefit cost, net |
|
$ |
(250 |
) |
|
$ |
(230 |
) |
|
$ |
(47 |
) |
|
$ |
(45 |
) |
|
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets | Retirement income plans with ABO in excess of plan assets
as of June 30 were as follows:
| |
|
Pension Plans |
|
Other
Retirement Plans |
| |
|
2016 |
|
2015 |
|
2016 |
|
2015 |
| Projected benefit obligation |
|
$ |
575 |
|
$ |
538 |
|
$ |
76 |
|
$ |
80 |
| Accumulated benefit obligation |
|
|
574 |
|
|
538 |
|
|
76 |
|
|
80 |
| Fair value of plan assets |
|
|
399 |
|
|
385 |
|
|
- |
|
|
- |
|
Schedule of Components of Net Periodic Benefit Cost | The net costs of the retirement income and health care plans
for the fiscal years ended June 30 included the following components:
| |
Retirement Income |
|
Retirement Health Care |
| |
2016 |
|
2015 |
|
2014 |
|
2016 |
|
2015 |
|
2014 |
| Service cost |
$ |
1 |
|
|
$ |
2 |
|
|
$ |
3 |
|
|
$ |
- |
|
|
$ |
- |
|
$ |
1 |
|
| Interest cost |
|
26 |
|
|
|
25 |
|
|
|
27 |
|
|
|
2 |
|
|
|
2 |
|
|
2 |
|
| Expected return on plan assets |
|
(17 |
) |
|
|
(20 |
) |
|
|
(25 |
) |
|
|
- |
|
|
|
- |
|
|
- |
|
| Amortization of unrecognized items |
|
10 |
|
|
|
12 |
|
|
|
11 |
|
|
|
(3 |
) |
|
|
2 |
|
|
(4 |
) |
| Total |
$ |
20 |
|
|
$ |
19 |
|
|
$ |
16 |
|
|
$ |
(1 |
) |
|
$ |
4 |
|
$ |
(1 |
|
Schedule of Items Not Yet Recognized as a Component of Postretirement Expense | Items not yet recognized as a component of postretirement
expense as of June 30, 2016, consisted of:
| |
Retirement
Income |
|
Retirement
Health Care |
| Net actuarial loss (gain) |
$ |
296 |
|
|
$ |
(13 |
) |
| Prior service benefit |
|
- |
|
|
|
(6 |
) |
| Net deferred income tax (assets) liabilities |
|
(111 |
) |
|
|
7 |
|
| Accumulated other comprehensive loss (income) |
$ |
185 |
|
|
$ |
(12 |
) |
|
Summary of Amounts Recognized in Accumulated Other Comprehensive Net Losses | Net actuarial loss (gain) recorded in Accumulated other comprehensive
net (losses) income for the fiscal year ended June 30, 2016, included the following:
| |
|
Retirement
Income |
|
Retirement
Health Care |
| Net actuarial loss (gain) as of beginning of year |
|
$ |
264 |
|
|
$ |
(17 |
) |
| Amortization during the year |
|
|
(10 |
) |
|
|
2 |
|
| Loss (gain) during the year |
|
|
42 |
|
|
|
2 |
|
| Net actuarial loss (gain) as of end of year |
|
$ |
296 |
|
|
$ |
(13 |
) |
|
Schedule of Weighted Average Assumptions Used | Weighted-average assumptions used to estimate the actuarial
present value of benefit obligations as of June 30 were as follows:
| |
|
Retirement Income |
|
Retirement Health Care |
| |
|
2016 |
|
2015 |
|
2016 |
|
2015 |
| Discount rate |
|
3.42 |
% |
|
4.20 |
% |
|
3.42 |
% |
|
4.16 |
% |
| Rate of compensation increase |
|
2.92 |
% |
|
3.37 |
% |
|
n/a |
|
|
n/a |
|
Weighted-average assumptions used to estimate the net periodic
pension and other postretirement benefit costs as of June 30 were as follows:
| |
|
Retirement Income |
| |
|
2016 |
|
2015 |
|
2014 |
| Discount rate |
|
4.20 |
% |
|
4.05 |
% |
|
4.39 |
% |
| Rate of compensation increase |
|
3.37 |
% |
|
4.46 |
% |
|
3.44 |
% |
| Expected return on plan assets |
|
4.34 |
% |
|
5.28 |
% |
|
6.61 |
% |
| |
| |
|
Retirement Health Care |
| |
|
2016 |
|
2015 |
|
2014 |
| Discount rate |
|
4.16 |
% |
|
4.00 |
% |
|
4.33 |
% |
|
Schedule of Expected Benefit Payments | Expected benefit payments for the Company’s pension
and other postretirement plans as of June 30, 2016, were as follows:
| |
Retirement
Income |
|
Retirement
Health Care |
| 2017 |
$ |
39 |
|
$ |
3 |
| 2018 |
|
52 |
|
|
3 |
| 2019 |
|
39 |
|
|
3 |
| 2020 |
|
39 |
|
|
2 |
| 2021 |
|
39 |
|
|
2 |
| Fiscal years 2022 through 2026 |
|
193 |
|
|
12 |
|
Schedule of Target Allocation and Weighted Average Allocation of Plan Assets | The target allocations and weighted average asset allocations
by asset category of the investment portfolio for the Company’s domestic retirement income plans as of June 30 were:
| |
% Target Allocation |
|
% of Plan Assets |
| |
2016 |
|
2015 |
|
2016 |
|
2015 |
| U.S. equity |
11 |
% |
|
11 |
% |
|
11 |
% |
|
11 |
% |
| International equity |
12 |
|
|
12 |
|
|
11 |
|
|
12 |
|
| Fixed income |
74 |
|
|
74 |
|
|
74 |
|
|
74 |
|
| Other |
3 |
|
|
3 |
|
|
4 |
|
|
3 |
|
| Total |
100 |
% |
|
100 |
% |
|
100 |
% |
|
100 |
% |
|
Schedule of Plan Assets Carried at Fair Value | The following table sets forth by level within the fair value
hierarchy, the retirement income plans’ assets carried at fair value as of June 30:
| |
|
2016 |
| |
|
Level 1 |
|
Level 2 |
|
Total |
| Cash equivalents |
|
$ |
2 |
|
$ |
- |
|
$ |
2 |
| Common collective trusts |
|
|
|
|
|
|
|
|
|
| Bond funds |
|
|
- |
|
|
307 |
|
|
307 |
| International equity funds |
|
|
- |
|
|
56 |
|
|
56 |
| Domestic equity funds |
|
|
- |
|
|
44 |
|
|
44 |
| Real estate fund |
|
|
- |
|
|
14 |
|
|
14 |
| Total common collective trusts |
|
|
- |
|
|
421 |
|
|
421 |
| Total assets at fair value |
|
$ |
2 |
|
$ |
421 |
|
$ |
423 |
| |
| |
|
2015 |
| |
|
Level 1 |
|
Level 2 |
|
Total |
| Cash equivalents |
|
$ |
3 |
|
$ |
- |
|
$ |
3 |
| Common collective trusts |
|
|
|
|
|
|
|
|
|
| Bond funds |
|
|
- |
|
|
295 |
|
|
295 |
| International equity funds |
|
|
- |
|
|
59 |
|
|
59 |
| Domestic equity funds |
|
|
- |
|
|
41 |
|
|
41 |
| Real estate fund |
|
|
- |
|
|
11 |
|
|
11 |
| Total common collective trusts |
|
|
- |
|
|
406 |
|
|
406 |
| Total assets at fair value |
|
$ |
3 |
|
$ |
406 |
|
$ |
409 |
|