PENSION AND POSTRETIREMENT HEALTH CARE BENEFITS

9 Months Ended

Feb. 29, 2012

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 nine month periods ended February 29, 2012 and February 28, 2011:

	U.S. Plans						Non-U.S. Plans
	Quarter Ended						Quarter Ended
Pension Benefits	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011
	(In thousands)
Service cost	$	4,976		$	4,238		$	965		$	830
Interest cost		3,826			3,435			2,040			1,782
Expected return on plan assets		(4,354	)		(3,139	)		(2,036	)		(1,655	)
Amortization of:
Prior service cost		88			90			2			3
Net actuarial losses recognized		2,127			1,980			560			584
Net Periodic Benefit Cost	$	6,663		$	6,604		$	1,531		$	1,544
	U.S. Plans						Non-U.S. Plans
	Quarter Ended						Quarter Ended
Postretirement Benefits	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011
	(In thousands)
Service cost	$	—		$	2		$	192		$	170
Interest cost		104			110			250			213
Amortization of:
Prior service cost		(22	)		(22	)
Net actuarial (gains) losses recognized		(14	)		(48	)		18			21
Net Periodic Benefit Cost	$	68		$	42		$	460		$	404
	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
Pension Benefits	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011
	(In thousands)
Service cost	$	14,929		$	12,717		$	2,896		$	2,491
Interest cost		11,480			10,304			6,121			5,347
Expected return on plan assets		(13,062	)		(9,418	)		(6,109	)		(4,966	)
Amortization of:
Prior service cost		264			269			8			8
Net actuarial losses recognized		6,382			5,939			1,679			1,754
Net Periodic Benefit Cost	$	19,993		$	19,811		$	4,595		$	4,634
	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
Postretirement Benefits	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011
	(In thousands)
Service cost	$	—		$	4		$	576		$	509
Interest cost		312			330			749			639
Amortization of:
Prior service cost		(65	)		(65	)
Net actuarial (gains) losses recognized		(43	)		(143	)		55			62
Net Periodic Benefit Cost	$	204		$	126		$	1,380		$	1,210

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 February 29, 2012, we have contributed an additional $8.4 million to the Retirement Plans in the U.S., for a total of $13.6 million.