Accumulated Other Comprehensive Income (Loss)

12 Months Ended

May. 31, 2015

Accumulated Other Comprehensive Income (Loss)

NOTE J — 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, 2012	$	(8,517	)	$	(174,174	)	$	1,200		$	3,598		$	(177,893	)
Reclassification adjustments for gains included in net income, net of tax benefit of $633											(1,953	)		(1,953	)
Other comprehensive income		(15,911	)		48,100			14			7,860			40,063
Deferred taxes					(17,481	)		(18	)		(1,971	)		(19,470	)
Balance at May 31, 2013		(24,428	)		(143,555	)		1,196			7,534			(159,253	)
Reclassification adjustments for gains included in net income, net of tax benefit of $586											(1,220	)		(1,220	)
Other comprehensive income		9,533			(16,418	)		(1,215	)		6,715			(1,385	)
Deferred taxes					6,325			304			(1,653	)		4,976
Balance at May 31, 2014		(14,895	)		(153,648	)		285			11,376			(156,882	)
Reclassification adjustments for gains included in net income, net of tax benefit of $2,307								(125	)		(4,209	)		(4,334	)
Increase in equity ownership - SPHC					(9,601	)								(9,601	)
Other comprehensive income		(216,755	)		(10,817	)		(341	)		(3,884	)		(231,797	)
Deferred taxes					5,734			181			2,564			8,479
Balance at May 31, 2015	$	(231,650	)	$	(168,332	)	$	—		$	5,847		$	(394,135	)