We offer defined benefit pension plans, defined contribution pension plans, and various postretirement benefit plans. 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, 2026 and 2025:


	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
(In thousands)	February 28,			February 28,			February 28,			February 28,
Pension Benefits	2026			2025			2026			2025
Service cost	$	10,863		$	10,804		$	1,467		$	1,120
Interest cost		9,484			9,795			2,028			1,963
Expected return on plan assets		(13,326	)		(12,017	)		(2,506	)		(2,376	)
Amortization of:
Prior service cost (credit)		1			1			(25	)		(32	)
Net actuarial losses recognized		1,448			2,153			323			294
Net Periodic Benefit Cost	$	8,470		$	10,736		$	1,287		$	969


	U.S. Plans					Non-U.S. Plans
	Three Months Ended					Three Months Ended
(In thousands)	February 28,		February 28,			February 28,			February 28,
Postretirement Benefits	2026		2025			2026			2025
Service cost	$	-	$	-		$	234		$	425
Interest cost		12		21			272			318
Amortization of:
Net actuarial losses (gains) recognized		9		(6	)		(256	)		(140	)
Net Periodic Benefit Cost	$	21	$	15		$	250		$	603


	U.S. Plans						Non-U.S. Plans
	Nine Months Ended						Nine Months Ended
(In thousands)	February 28,			February 28,			February 28,			February 28,
Pension Benefits	2026			2025			2026			2025
Service cost	$	32,589		$	32,412		$	4,401		$	3,360
Interest cost		28,452			29,385			6,084			5,889
Expected return on plan assets		(39,978	)		(36,051	)		(7,518	)		(7,128	)
Amortization of:
Prior service cost (credit)		1			1			(75	)		(96	)
Net actuarial losses recognized		4,344			6,459			969			882
Net Periodic Benefit Cost	$	25,408		$	32,206		$	3,861		$	2,907


	U.S. Plans					Non-U.S. Plans
	Nine Months Ended					Nine Months Ended
(In thousands)	February 28,		February 28,			February 28,			February 28,
Postretirement Benefits	2026		2025			2026			2025
Service cost	$	-	$	-		$	702		$	1,275
Interest cost		36		63			816			954
Amortization of:
Net actuarial losses (gains) recognized		27		(18	)		(768	)		(420	)
Net Periodic Benefit Cost	$	63	$	45		$	750		$	1,809

Net periodic pension cost for fiscal 2026 is less than our fiscal 2025 cost due to an increase in discount rates, an increase in the market value of assets, an increase in expected return on plan assets and a reduction in the amortization of the net actuarial loss recognized. We expect that pension expense will fluctuate on a year-to-year basis, depending upon the investment performance of plan assets and potential changes in interest rates, and these fluctuations may have a material impact on our consolidated financial results in the future. We previously disclosed in our financial statements for the fiscal year ended May 31, 2025, that we are required and expect to contribute approximately $6.1 million to plans outside the U.S. during the current fiscal year and we will evaluate whether to make additional contributions to plans in the U.S. and outside the U.S. throughout fiscal 2026. As a result of our evaluation, we contributed $51.0 million to the main pension plan in the U.S. during the current quarter, which will increase our total expected U.S. contributions to $51.0 million during fiscal year 2026.