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Pension Plans (Tables)
9 Months Ended
Feb. 28, 2017
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 nine month periods ended February 28, 2017 and February 29, 2016:

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

February 28,

 

 

February 29,

 

 

February 28,

 

 

February 29,

 

Pension Benefits

 

2017

 

 

2016

 

 

2017

 

 

2016

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

9,401

 

 

$

8,202

 

 

$

1,127

 

 

$

1,067

 

Interest cost

 

 

4,331

 

 

 

4,499

 

 

 

1,224

 

 

 

1,319

 

Expected return on plan assets

 

 

(6,252

)

 

 

(6,437

)

 

 

(1,886

)

 

 

(1,978

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

54

 

 

 

58

 

 

 

 

 

 

 

 

 

Net actuarial losses recognized

 

 

5,540

 

 

 

4,190

 

 

 

573

 

 

 

455

 

Net Periodic Benefit Cost

 

$

13,074

 

 

$

10,512

 

 

$

1,038

 

 

$

863

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

February 28,

 

 

February 29,

 

 

February 28,

 

 

February 29,

 

Postretirement Benefits

 

2017

 

 

2016

 

 

2017

 

 

2016

 

(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

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

February 28,

 

 

February 29,

 

 

February 28,

 

 

February 29,

 

Pension Benefits

 

2017

 

 

2016

 

 

2017

 

 

2016

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

28,203

 

 

$

24,606

 

 

$

3,381

 

 

$

3,201

 

Interest cost

 

 

12,993

 

 

 

13,497

 

 

 

3,672

 

 

 

3,965

 

Expected return on plan assets

 

 

(18,756

)

 

 

(19,311

)

 

 

(5,658

)

 

 

(5,944

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

162

 

 

 

174

 

 

 

-

 

 

 

-

 

Net actuarial losses recognized

 

 

16,620

 

 

 

12,570

 

 

 

1,719

 

 

 

1,369

 

Settlement

 

 

-

 

 

 

-

 

 

 

-

 

 

 

91

 

Net Periodic Benefit Cost

 

$

39,222

 

 

$

31,536

 

 

$

3,114

 

 

$

2,682

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

February 28,

 

 

February 29,

 

 

February 28,

 

 

February 29,

 

Postretirement Benefits

 

2017

 

 

2016

 

 

2017

 

 

2016

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

-

 

 

$

-

 

 

$

852

 

 

$

843

 

Interest cost

 

 

171

 

 

 

177

 

 

 

666

 

 

 

663

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(174

)

 

 

(186

)

 

 

-

 

 

 

-

 

Net actuarial (gains) losses recognized

 

 

-

 

 

 

-

 

 

 

180

 

 

 

183

 

Net Periodic Benefit Cost

 

$

(3

)

 

$

(9

)

 

$

1,698

 

 

$

1,689