NOTE 11 — 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 month periods ended August 31, 2016 and 2015:

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
	August 31,			August 31,			August 31,			August 31,
Pension Benefits	2016			2015			2016			2015
(In thousands)
Service cost	$	9,401		$	8,202		$	1,127		$	1,067
Interest cost		4,331			4,499			1,224			1,323
Expected return on plan assets		(6,252	)		(6,437	)		(1,886	)		(1,983	)
Amortization of:
Prior service cost		54			58
Net actuarial losses recognized		5,540			4,190			573			457
Net Periodic Benefit Cost	$	13,074		$	10,512		$	1,038		$	864

	U.S. Plans						Non-U.S. Plans
	Three Months Ended						Three Months Ended
	August 31,			August 31,			August 31,		August 31,
Postretirement Benefits	2016			2015			2016		2015
(In thousands)
Service cost	$	-		$	-		$	284	$	281
Interest cost		57			59			222		221
Amortization of:
Prior service (credit)		(58	)		(62	)
Net actuarial (gains) losses recognized								60		61
Net Periodic Benefit Cost	$	(1	)	$	(3	)	$	566	$	563

We previously disclosed in our financial statements for the fiscal year ended May 31, 2016 that we expected to contribute approximately $54.1 million to our retirement plans in the U.S. and approximately $6.0 million to plans outside the U.S. during the current fiscal year. As of August 31, 2016, this has not changed.