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Retirement Plans (Tables)
3 Months Ended
Aug. 31, 2024
Retirement Plan Tables [Abstract]  
Schedule of Retirement Plan Costs

Our retirement plans costs for the three-month periods ended August 31 were as follows (in millions):

 

 

2024

 

 

2023

 

Defined benefit pension plans

 

$

70

 

 

$

91

 

Defined contribution plans

 

 

287

 

 

 

240

 

Postretirement healthcare plans

 

 

22

 

 

 

23

 

 

 

$

379

 

 

$

354

 

 

Schedule of Net Periodic Benefit Cost

Net periodic benefit cost of the pension and postretirement healthcare plans for the three-month periods ended August 31 included the following components (in millions):

 

 

U.S. Pension Plans

 

 

International Pension Plans

 

 

Postretirement Healthcare Plans

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

125

 

 

$

136

 

 

$

9

 

 

$

10

 

 

$

7

 

 

$

7

 

Interest cost

 

 

361

 

 

 

341

 

 

 

12

 

 

 

10

 

 

 

16

 

 

 

16

 

Expected return on plan assets

 

 

(430

)

 

 

(400

)

 

 

(5

)

 

 

(4

)

 

 

 

 

 

 

Amortization of prior service credit and other

 

 

(2

)

 

 

(2

)

 

 

 

 

 

 

 

 

(1

)

 

 

 

Net periodic benefit cost

 

$

54

 

 

$

75

 

 

$

16

 

 

$

16

 

 

$

22

 

 

$

23