Pension Plans (Tables)

9 Months Ended

Feb. 29, 2024

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 29, 2024 and February 28, 2023:

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
(In thousands)	February 29,			February 28,			February 29,			February 28,
Pension Benefits	2024			2023			2024			2023
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)	February 29,			February 28,			February 29,			February 28,
Postretirement Benefits	2024			2023			2024			2023
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
	Nine Months Ended						Nine Months Ended
(In thousands)	February 29,			February 28,			February 29,			February 28,
Pension Benefits	2024			2023			2024			2023
Service cost	$	32,739		$	32,670		$	2,661		$	2,853
Interest cost		26,976			21,519			5,805			5,184
Expected return on plan assets		(31,554	)		(28,608	)		(7,200	)		(5,181	)
Amortization of:
Prior service cost (credit)		3			-			(93	)		(81	)
Net actuarial losses recognized		12,615			13,461			627			375
Net Periodic Benefit Cost	$	40,779		$	39,042		$	1,800		$	3,150

	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
(In thousands)	February 29,			February 28,			February 29,			February 28,
Postretirement Benefits	2024			2023			2024			2023
Service cost	$	-		$	-		$	1,707		$	861
Interest cost		66			63			1,170			1,104
Amortization of:
Prior service (credit)		-			(90	)		-			-
Net actuarial (gains) losses recognized		(12	)		33			(36	)		(42	)
Net Periodic Benefit Cost	$	54		$	6		$	2,841		$	1,923