Pension Plans (Tables)

6 Months Ended

Nov. 30, 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 six-month periods ended November 30, 2023 and 2022:

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
(In thousands)	November 30,			November 30,			November 30,			November 30,
Pension Benefits	2023			2022			2023			2022
Service cost	$	10,913		$	10,890		$	887		$	951
Interest cost		8,992			7,173			1,935			1,728
Expected return on plan assets		(10,518	)		(9,536	)		(2,400	)		(1,727	)
Amortization of:
Prior service cost (credit)		1			-			(31	)		(27	)
Net actuarial losses recognized		4,205			4,487			209			125
Net Periodic Benefit Cost	$	13,593		$	13,014		$	600		$	1,050

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
(In thousands)	November 30,			November 30,			November 30,			November 30,
Postretirement Benefits	2023			2022			2023			2022
Service cost	$	-		$	-		$	569		$	287
Interest cost		22			21			390			368
Amortization of:
Prior service (credit)		-			(30	)		-			-
Net actuarial (gains) losses recognized		(4	)		11			(12	)		(14	)
Net Periodic Benefit Cost	$	18		$	2		$	947		$	641

	U.S. Plans						Non-U.S. Plans
	Six Months Ended						Six Months Ended
(In thousands)	November 30,			November 30,			November 30,			November 30,
Pension Benefits	2023			2022			2023			2022
Service cost	$	21,826		$	21,780		$	1,774		$	1,902
Interest cost		17,984			14,346			3,870			3,456
Expected return on plan assets		(21,036	)		(19,072	)		(4,800	)		(3,454	)
Amortization of:
Prior service cost (credit)		2			-			(62	)		(54	)
Net actuarial losses recognized		8,410			8,974			418			250
Net Periodic Benefit Cost	$	27,186		$	26,028		$	1,200		$	2,100

	U.S. Plans						Non-U.S. Plans
	Six Months Ended						Six Months Ended
(In thousands)	November 30,			November 30,			November 30,			November 30,
Postretirement Benefits	2023			2022			2023			2022
Service cost	$	-		$	-		$	1,138		$	574
Interest cost		44			42			780			736
Amortization of:
Prior service (credit)		-			(60	)		-			-
Net actuarial (gains) losses recognized		(8	)		22			(24	)		(28	)
Net Periodic Benefit Cost	$	36		$	4		$	1,894		$	1,282