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Pension Plans (Tables)
6 Months Ended
Nov. 30, 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 six month periods ended November 30, 2017 and 2016:

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

Pension Benefits

 

2017

 

 

2016

 

 

2017

 

 

2016

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

9,465

 

 

$

9,401

 

 

$

1,175

 

 

$

1,127

 

Interest cost

 

 

4,379

 

 

 

4,331

 

 

 

1,145

 

 

 

1,224

 

Expected return on plan assets

 

 

(8,086

)

 

 

(6,252

)

 

 

(1,978

)

 

 

(1,886

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost (credit)

 

 

29

 

 

 

54

 

 

 

(6

)

 

 

 

 

Net actuarial losses recognized

 

 

3,618

 

 

 

5,540

 

 

 

419

 

 

 

573

 

Net Periodic Benefit Cost

 

$

9,405

 

 

$

13,074

 

 

$

755

 

 

$

1,038

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

Postretirement Benefits

 

2017

 

 

2016

 

 

2017

 

 

2016

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

-

 

 

$

-

 

 

$

311

 

 

$

284

 

Interest cost

 

 

43

 

 

 

57

 

 

 

224

 

 

 

222

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(55

)

 

 

(58

)

 

 

 

 

 

 

 

 

Net actuarial losses recognized

 

 

6

 

 

 

 

 

 

 

79

 

 

 

60

 

Net Periodic Benefit (Credit) Cost

 

$

(6

)

 

$

(1

)

 

$

614

 

 

$

566

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

Pension Benefits

 

2017

 

 

2016

 

 

2017

 

 

2016

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

18,930

 

 

$

18,802

 

 

$

2,350

 

 

$

2,254

 

Interest cost

 

 

8,758

 

 

 

8,662

 

 

 

2,290

 

 

 

2,448

 

Expected return on plan assets

 

 

(16,172

)

 

 

(12,504

)

 

 

(3,956

)

 

 

(3,772

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

58

 

 

 

108

 

 

 

(12

)

 

 

-

 

Net actuarial losses recognized

 

 

7,236

 

 

 

11,080

 

 

 

838

 

 

 

1,146

 

Net Periodic Benefit Cost

 

$

18,810

 

 

$

26,148

 

 

$

1,510

 

 

$

2,076

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

Postretirement Benefits

 

2017

 

 

2016

 

 

2017

 

 

2016

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

-

 

 

$

-

 

 

$

622

 

 

$

568

 

Interest cost

 

 

86

 

 

 

114

 

 

 

448

 

 

 

444

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(110

)

 

 

(116

)

 

 

-

 

 

 

-

 

Net actuarial losses recognized

 

 

12

 

 

 

-

 

 

 

158

 

 

 

120

 

Net Periodic Benefit (Credit) Cost

 

$

(12

)

 

$

(2

)

 

$

1,228

 

 

$

1,132