NOTE 7 — PENSION PLANS

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 28, 2014:


	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
	February 28,						February 28,
Pension Benefits	2014			2013			2014			2013
(In thousands)
Service cost	$	6,764		$	6,488		$	1,109		$	1,050
Interest cost		4,510			4,060			1,799			1,769
Expected return on plan assets		(5,190	)		(4,358	)		(2,096	)		(1,846	)
Amortization of:
Prior service cost		84			87			1			2
Net actuarial losses recognized		3,305			4,222			624			692

Net Periodic Benefit Cost	$	9,473		$	10,499		$	1,437		$	1,667


	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
	February 28,						February 28,
Postretirement Benefits	2014			2013			2014			2013
(In thousands)
Service cost	$	—		$	—		$	327		$	288
Interest cost		81			88			317			289
Amortization of:
Prior service (credit)		(22	)		(22	)
Net actuarial (gains) losses recognized		(29	)		4			134			114

Net Periodic Benefit Cost	$	30		$	70		$	778		$	691


	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
	February 28,						February 28,
Pension Benefits	2014			2013			2014			2013
(In thousands)
Service cost	$	20,292		$	19,464		$	3,327		$	3,150
Interest cost		13,530			12,180			5,398			5,307
Expected return on plan assets		(15,571	)		(13,074	)		(6,287	)		(5,538	)
Amortization of:
Prior service cost		251			261			3			6
Net actuarial losses recognized		9,916			12,666			1,871			2,076

Net Periodic Benefit Cost	$	28,418		$	31,497		$	4,312		$	5,001


	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
	February 28,						February 28,
Postretirement Benefits	2014			2013			2014			2013
(In thousands)
Service cost	$	—		$	—		$	981		$	864
Interest cost		243			264			951			867
Amortization of:
Prior service (credit)		(66	)		(66	)		—			—
Net actuarial (gains) losses recognized		(87	)		12			401			342

Net Periodic Benefit Cost	$	90		$	210		$	2,333		$	2,073

We previously disclosed in our financial statements for the fiscal year ended May 31, 2013 that we expected to contribute approximately $27.4 million to our retirement plans in the U.S. and approximately $7.4 million to plans outside the U.S. during the current fiscal year. As of February 28, 2014, this has not changed.

We have determined that our postretirement medical plan provides prescription drug benefits that will qualify for the federal subsidy provided by the Medicare Prescription Drug, Improvement and Modernization Act of 2003. For all groups of retirees, we have assumed that the subsidy will continue indefinitely.