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Pension Plans (Tables)
6 Months Ended
Nov. 30, 2015
Compensation And Retirement Disclosure [Abstract]  
Retirement-Related Benefit Plans' Impact on Income Before Income Taxes

The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three and six months ended November 30, 2015 and 2014:

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

November 30,

 

 

November 30,

 

Pension Benefits

 

2015

 

 

2014

 

 

2015

 

 

2014

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

8,202

 

 

$

7,564

 

 

$

1,067

 

 

$

1,231

 

Interest cost

 

 

4,499

 

 

 

5,002

 

 

 

1,323

 

 

 

1,891

 

Expected return on plan assets

 

 

(6,437

)

 

 

(6,034

)

 

 

(1,983

)

 

 

(2,296

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

58

 

 

 

74

 

 

 

 

 

 

 

10

 

Net actuarial losses recognized

 

 

4,190

 

 

 

3,472

 

 

 

457

 

 

 

536

 

Settlement

 

 

 

 

 

 

 

 

 

 

91

 

 

 

 

 

Net Periodic Benefit Cost

 

$

10,512

 

 

$

10,078

 

 

$

955

 

 

$

1,372

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

November 30,

 

 

November 30,

 

Postretirement Benefits

 

2015

 

 

2014

 

 

2015

 

 

2014

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

-

 

 

$

-

 

 

$

281

 

 

$

313

 

Interest cost

 

 

59

 

 

 

66

 

 

 

221

 

 

 

308

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(62

)

 

 

(62

)

 

 

 

 

 

 

 

 

Net actuarial (gains) losses recognized

 

 

 

 

 

 

(34

)

 

 

61

 

 

 

104

 

Net Periodic Benefit Cost

 

$

(3

)

 

$

(30

)

 

$

563

 

 

$

725

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

Pension Benefits

 

2015

 

 

2014

 

 

2015

 

 

2014

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

16,404

 

 

$

15,128

 

 

$

2,134

 

 

$

2,462

 

Interest cost

 

 

8,998

 

 

 

10,004

 

 

 

2,646

 

 

 

3,782

 

Expected return on plan assets

 

 

(12,874

)

 

 

(12,068

)

 

 

(3,966

)

 

 

(4,592

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

116

 

 

 

148

 

 

 

 

 

 

 

20

 

Net actuarial losses recognized

 

 

8,380

 

 

 

6,944

 

 

 

914

 

 

 

1,072

 

Settlement

 

 

 

 

 

 

 

 

 

 

91

 

 

 

 

 

Net Periodic Benefit Cost

 

$

21,024

 

 

$

20,156

 

 

$

1,819

 

 

$

2,744

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

Postretirement Benefits

 

2015

 

 

2014

 

 

2015

 

 

2014

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

-

 

 

$

-

 

 

$

562

 

 

$

626

 

Interest cost

 

 

118

 

 

 

132

 

 

 

442

 

 

 

616

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(124

)

 

 

(124

)

 

 

 

 

 

 

 

 

Net actuarial (gains) losses recognized

 

 

 

 

 

 

(68

)

 

 

122

 

 

 

208

 

Net Periodic Benefit Cost

 

$

(6

)

 

$

(60

)

 

$

1,126

 

 

$

1,450