Pension Plans (Tables)

9 Months Ended

Feb. 28, 2022

Retirement Benefits [Abstract]

Retirement-Related Benefit Plans' Impact on Income Before Income Taxes

The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three and nine months ended February 28, 2022 and 2021:

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
(In thousands)	February 28,			February 28,			February 28,			February 28,
Pension Benefits	2022			2021			2022			2021
Service cost	$	11,914		$	11,130		$	1,348		$	1,406
Interest cost		3,842			3,806			1,282			1,122
Expected return on plan assets		(10,386	)		(8,279	)		(2,073	)		(1,607	)
Amortization of:
Prior service cost (credit)		1			2			(38	)		(35	)
Net actuarial losses recognized		4,225			7,501			114			526
Net Periodic Benefit Cost	$	9,596		$	14,160		$	633		$	1,412

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
(In thousands)	February 28,			February 28,			February 28,		February 28,
Postretirement Benefits	2022			2021			2022		2021
Service cost	$	-		$	-		$	432	$	431
Interest cost		10			19			299		283
Amortization of:
Prior service (credit)		(40	)		(42	)		-		-
Net actuarial losses recognized		15			10			32		130
Net Periodic Benefit (Credit) Cost	$	(15	)	$	(13	)	$	763	$	844

	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
(In thousands)	February 28,			February 28,			February 28,			February 28,
Pension Benefits	2022			2021			2022			2021
Service cost	$	35,742		$	33,390		$	4,044		$	4,218
Interest cost		11,526			11,418			3,846			3,366
Expected return on plan assets		(31,158	)		(24,837	)		(6,219	)		(4,821	)
Amortization of:
Prior service cost (credit)		3			6			(114	)		(105	)
Net actuarial losses recognized		12,675			22,503			342			1,578
Net Periodic Benefit Cost	$	28,788		$	42,480		$	1,899		$	4,236

	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
(In thousands)	February 28,			February 28,			February 28,		February 28,
Postretirement Benefits	2022			2021			2022		2021
Service cost	$	-		$	-		$	1,296	$	1,293
Interest cost		30			57			897		849
Amortization of:
Prior service (credit)		(120	)		(126	)		-		-
Net actuarial losses recognized		45			30			96		390
Net Periodic Benefit (Credit) Cost	$	(45	)	$	(39	)	$	2,289	$	2,532