Accumulated Other Comprehensive Income (Loss)

12 Months Ended

May 31, 2019

NOTE K — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) consists of the following components:

				Pension And
				Other
				Postretirement			Unrealized			Unrealized
	Foreign			Benefit			Gain			Gain (Loss)
	Currency			Liability			(Loss) On			On
	Translation			Adjustments,			Derivatives,			Securities,
(In thousands)	Adjustments			Net of Tax			Net of Tax			Net of Tax			Total
Balance at June 1, 2016	$	(291,233	)	$	(208,206	)	$	-		$	(2,608	)	$	(502,047	)
Reclassification adjustments for gains included in net income, net of taxes of $401								-			(1,847	)		(1,847	)
Other comprehensive income		(20,358	)		66,264			16			7,849			53,771
Deferred taxes		3,176			(24,782	)		-			(2,257	)		(23,863	)
Balance at May 31, 2017		(308,415	)		(166,724	)		16			1,137			(473,986	)
Reclassification adjustments for gains included in net income, net of taxes of $591								-			(1,244	)		(1,244	)
Other comprehensive income		10,989			11,375			(359	)		(2,050	)		19,955
Deferred taxes		(2,587	)		(2,146	)		212			748			(3,773	)
Balance at May 31, 2018		(300,013	)		(157,495	)		(131	)		(1,409	)		(459,048	)
Reclassification adjustments for losses included in net income, net of taxes of $151											1,777			1,777
Other comprehensive income		(73,660	)		(70,785	)		4,713			307			(139,425	)
Deferred taxes		3,178			16,635			(203	)		(542	)		19,068
Balance at May 31, 2019	$	(370,495	)	$	(211,645	)	$	4,379		$	133		$	(577,628	)