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Retirement Plans

3 Months Ended

Aug. 31, 2013

(5) Retirement Plans

We sponsor programs that provide retirement benefits to most of our employees. These programs include defined benefit pension plans, defined contribution plans and postretirement healthcare plans. Key terms of our retirement plans are provided in our Annual Report. Our retirement plans costs for the three-month periods ended August 31 were as follows (in millions):

	2013		2012
U.S. domestic and international pension plans	$	121	$	169
U.S. domestic and international defined contribution plans		89		88
U.S. domestic and international postretirement healthcare plans		20		19
	$	230	$	276

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):

	Pension Plans				Postretirement Healthcare Plans
	2013		2012		2013		2012
Service cost	$	164	$	173	$	10	$	10
Interest cost		263		242		10		9
Expected return on plan assets		(373)		(346)		-		-
Recognized actuarial losses and other		67		100		-		-
	$	121	$	169	$	20	$	19

Required contributions to our tax qualified U.S. domestic pension plans (“U.S. Pension Plans”) for the three-month periods ended August 31 were $150 million in 2013 and $140 million in 2012. In September 2013, we made an additional contribution of $165 million to our U.S. Pension Plans. Our U.S. Pension Plans have ample funds to meet expected benefit payments.