ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

May 31, 2012

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE I — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) consists of the following components:

(In thousands)	Foreign Currency Translation Adjustments			Pension And Other Postretirement Benefit Liability Adjustments, Net of Tax			Unrealized Gain (Loss) On Derivatives, Net of Tax			Unrealized Gain (Loss) On Securities, Net of Tax			Total
Balance at June 1, 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
Reclassification adjustments for gains included in net income, net of tax benefit of $844											1,043			1,043
Other comprehensive income		(89,863	)		(119,189	)		(5,512	)		(21,010	)		(235,574	)
Deferred taxes					41,720			1,445			7,400			50,565
Balance at May 31, 2012	$	(8,517	)	$	(174,174	)	$	1,200		$	3,598		$	(177,893	)