Pension Plans (Tables)

9 Months Ended

Feb. 28, 2023

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-month periods ended February 28, 2023 and 2022:

	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	2023			2022			2023			2022
Service cost	$	10,890		$	11,914		$	951		$	1,348
Interest cost		7,173			3,842			1,728			1,282
Expected return on plan assets		(9,536	)		(10,386	)		(1,727	)		(2,073	)
Amortization of:
Prior service cost (credit)		-			1			(27	)		(38	)
Net actuarial losses recognized		4,487			4,225			125			114
Net Periodic Benefit Cost	$	13,014		$	9,596		$	1,050		$	633

	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	2023			2022			2023			2022
Service cost	$	-		$	-		$	287		$	432
Interest cost		21			10			368			299
Amortization of:
Prior service (credit)		(30	)		(40	)		-			-
Net actuarial losses (gains) recognized		11			15			(14	)		32
Net Periodic Benefit Cost (Credit)	$	2		$	(15	)	$	641		$	763

	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	2023			2022			2023			2022
Service cost	$	32,670		$	35,742		$	2,853		$	4,044
Interest cost		21,519			11,526			5,184			3,846
Expected return on plan assets		(28,608	)		(31,158	)		(5,181	)		(6,219	)
Amortization of:
Prior service cost (credit)		-			3			(81	)		(114	)
Net actuarial losses recognized		13,461			12,675			375			342
Net Periodic Benefit Cost	$	39,042		$	28,788		$	3,150		$	1,899

	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	2023			2022			2023			2022
Service cost	$	-		$	-		$	861		$	1,296
Interest cost		63			30			1,104			897
Amortization of:
Prior service (credit)		(90	)		(120	)		-			-
Net actuarial losses (gains) recognized		33			45			(42	)		96
Net Periodic Benefit Cost (Credit)	$	6		$	(45	)	$	1,923		$	2,289