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Pension Plans (Tables)
6 Months Ended
Nov. 30, 2016
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 month periods ended November 30, 2016 and 2015:

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

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

 

Settlement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

91

 

Net Periodic Benefit Cost

 

$

13,074

 

 

$

10,512

 

 

$

1,038

 

 

$

955

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

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

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

Pension Benefits

 

2016

 

 

2015

 

 

2016

 

 

2015

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

18,802

 

 

$

16,404

 

 

$

2,254

 

 

$

2,134

 

Interest cost

 

 

8,662

 

 

 

8,998

 

 

 

2,448

 

 

 

2,646

 

Expected return on plan assets

 

 

(12,504

)

 

 

(12,874

)

 

 

(3,772

)

 

 

(3,966

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

108

 

 

 

116

 

 

 

-

 

 

 

-

 

Net actuarial losses recognized

 

 

11,080

 

 

 

8,380

 

 

 

1,146

 

 

 

914

 

Settlement

 

 

-

 

 

 

-

 

 

 

-

 

 

 

91

 

Net Periodic Benefit Cost

 

$

26,148

 

 

$

21,024

 

 

$

2,076

 

 

$

1,819

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

Postretirement Benefits

 

2016

 

 

2015

 

 

2016

 

 

2015

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

-

 

 

$

-

 

 

$

568

 

 

$

562

 

Interest cost

 

 

114

 

 

 

118

 

 

 

444

 

 

 

442

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(116

)

 

 

(124

)

 

 

-

 

 

 

-

 

Net actuarial (gains) losses recognized

 

 

-

 

 

 

-

 

 

 

120

 

 

 

122

 

Net Periodic Benefit Cost

 

$

(2

)

 

$

(6

)

 

$

1,132

 

 

$

1,126