ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

May 31, 2011

Accumulated Other Comprehensive Income Loss Net Of Tax Abstract

Accumulated Other Comprehensive Income (Loss)

NOTE I - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income (loss) consists of the following components:
					Pension And
					Other
					Postretirement		Unrealized		Unrealized
			Foreign		Benefit		Gain		Gain (Loss)
			Currency		Liability		(Loss) On		On
			Translation		Adjustments,		Derivatives,		Securities,
(In thousands)			Adjustments		Net of Tax		Net of Tax		Net of Tax		Total
Balance at June 1, 2008		$	126,856	$	(46,643)	$	8,102	$	12,847	$	101,162
	Reclassification adjustments for losses included
	in net income, net of tax of $3,989								9,682		9,682
	Other comprehensive (loss)		(99,458)		(26,401)		(6,871)		(32,475)		(165,205)
	Deferred taxes				9,842		2,283		10,679		22,804
Balance at May 31, 2009			27,398		(63,202)		3,514		733		(31,557)
	Reclassification adjustments for gains included
	in net income, net of tax of $783								(1,399)		(1,399)
	Other comprehensive income (loss)		(44,082)		(69,791)		(3,239)		17,574		(99,538)
	Deferred taxes				22,442		1,072		(6,031)		17,483
	Adjustment due to deconsolidation of SPHC		222		7,286		(288)				7,220
Balance at May 31, 2010			(16,462)		(103,265)		1,059		10,877		(107,791)
	Reclassification adjustments for gains included
	in net income, net of tax of $2,791								(5,676)		(5,676)
	Other comprehensive income		97,808		10,163		6,131		13,554		127,656
	Deferred taxes				(3,603)		(1,923)		(2,590)		(8,116)
Balance at May 31, 2011		$	81,346	$	(96,705)	$	5,267	$	16,165	$	6,073