PENSION AND POSTRETIREMENT HEALTH CARE BENEFITS

6 Months Ended

Nov. 30, 2011

PENSION AND POSTRETIREMENT HEALTH CARE BENEFITS

NOTE 11 — 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 and six month periods ended November 30, 2011 and 2010:

Pension Benefits	U.S. Plans						Non-U.S. Plans
	Quarter Ended November 30,						Quarter Ended November 30,
(In thousands)	2011			2010			2011			2010
Service cost	$	4,976		$	4,240		$	966		$	831
Interest cost		3,827			3,435			2,041			1,783
Expected return on plan assets		(4,354	)		(3,140	)		(2,037	)		(1,656	)
Amortization of:
Prior service cost		88			89			3			2
Net actuarial losses recognized		2,128			1,979			559			585
Net Periodic Benefit Cost	$	6,665		$	6,603		$	1,532		$	1,545
Postretirement Benefits	U.S. Plans						Non-U.S. Plans
	Quarter Ended November 30,						Quarter Ended November 30,
(In thousands)	2011			2010			2011			2010
Service cost	$	—		$	1		$	192		$	170
Interest cost		104			110			249			213
Amortization of:
Prior service cost		(21	)		(22	)
Net actuarial (gains) losses recognized		(15	)		(47	)		19			20
Net Periodic Benefit Cost	$	68		$	42		$	460		$	403
Pension Benefits	U.S. Plans						Non-U.S. Plans
	Six Months Ended November 30,						Six Months Ended November 30,
(In thousands)	2011			2010			2011			2010
Service cost	$	9,953		$	8,479		$	1,931		$	1,661
Interest cost		7,654			6,869			4,081			3,565
Expected return on plan assets		(8,708	)		(6,279	)		(4,073	)		(3,311	)
Amortization of:
Prior service cost		176			179			6			5
Net actuarial losses recognized		4,255			3,959			1,119			1,170
Net Periodic Benefit Cost	$	13,330		$	13,207		$	3,064		$	3,090
Postretirement Benefits	U.S. Plans						Non-U.S. Plans
	Six Months Ended November 30,						Six Months Ended November 30,
(In thousands)	2011			2010			2011			2010
Service cost	$	—		$	2		$	384		$	339
Interest cost		208			220			499			426
Amortization of:
Prior service cost		(43	)		(43	)
Net actuarial (gains) losses recognized		(29	)		(95	)		37			41
Net Periodic Benefit Cost	$	136		$	84		$	920		$	806

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 November 30, 2011, we expect to contribute an additional $7.5 million to the Retirement Plans in the U.S., for a total of $12.7 million.