PENSION AND POSTRETIREMENT HEALTH CARE BENEFITS

3 Months Ended

Aug. 31, 2011

PENSION AND POSTRETIREMENT HEALTH CARE BENEFITS

NOTE 10 — PENSION AND POSTRETIREMENT HEALTH CARE BENEFITS

We offer defined benefit pension plans, defined contribution pension plans, as well as several unfunded health care benefit plans primarily for certain of our retired employees. The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three month periods ended August 31, 2011 and 2010:

Pension Benefits	U.S. Plans						Non-U.S. Plans
	Quarter Ended August 31,						Quarter Ended August 31,
(In thousands)	2011			2010			2011			2010
Service cost	$	4,977		$	4,239		$	965		$	830
Interest cost		3,827			3,434			2,040			1,782
Expected return on plan assets		(4,354	)		(3,139	)		(2,036	)		(1,655	)
Amortization of:
Prior service cost		88			90			3			3
Net actuarial losses recognized		2,127			1,980			560			585
Net Periodic Benefit Cost	$	6,665		$	6,604		$	1,532		$	1,545
Postretirement Benefits	U.S. Plans						Non-U.S. Plans
	Quarter Ended August 31,						Quarter Ended August 31,
(In thousands)	2011			2010			2011			2010
Service cost	$	—		$	1		$	192		$	169
Interest cost		104			110			250			213
Amortization of:
Prior service cost		(22	)		(21	)
Net actuarial (gains) losses recognized		(14	)		(48	)		18			21
Net Periodic Benefit Cost	$	68		$	42		$	460		$	403

We previously disclosed in our financial statements for the fiscal year ended May 31, 2011 that we expected to contribute approximately $5.2 million to our retirement plans in the U.S. and approximately $8.0 million to plans outside the U.S. during the current fiscal year. As of August 31, 2011, we expect to contribute an additional $1.0 million to the Retirement Plans in the U.S., for a total of $6.2 million.