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Pension Plans (Tables)
6 Months Ended
Nov. 30, 2019
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 months ended November 30, 2019 and 2018:

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

Pension Benefits

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

(In thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

9,856

 

 

$

9,382

 

 

$

1,391

 

 

$

1,219

 

Interest cost

 

 

5,104

 

 

 

5,497

 

 

 

1,193

 

 

 

1,399

 

Expected return on plan assets

 

 

(8,573

)

 

 

(8,467

)

 

 

(1,834

)

 

 

(2,051

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost (credit)

 

 

2

 

 

 

29

 

 

 

(9

)

 

 

(8

)

Net actuarial losses recognized

 

 

4,629

 

 

 

3,272

 

 

 

523

 

 

 

319

 

Net Periodic Benefit Cost

 

$

11,018

 

 

$

9,713

 

 

$

1,264

 

 

$

878

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

Postretirement Benefits

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

(In thousands)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

-

 

 

$

-

 

 

$

429

 

 

$

392

 

Interest cost

 

 

37

 

 

 

48

 

 

 

282

 

 

 

291

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(55

)

 

 

(55

)

 

 

-

 

 

 

-

 

Net actuarial (gains) losses recognized

 

 

(16

)

 

 

(6

)

 

 

158

 

 

 

115

 

Net Periodic Benefit (Credit) Cost

 

$

(34

)

 

$

(13

)

 

$

869

 

 

$

798

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

Pension Benefits

 

2019

 

 

2018

 

 

2019

 

 

2018

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

19,712

 

 

$

18,764

 

 

$

2,782

 

 

$

2,438

 

Interest cost

 

 

10,208

 

 

 

10,994

 

 

 

2,386

 

 

 

2,798

 

Expected return on plan assets

 

 

(17,146

)

 

 

(16,934

)

 

 

(3,668

)

 

 

(4,102

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost (credit)

 

 

4

 

 

 

58

 

 

 

(18

)

 

 

(16

)

Net actuarial losses recognized

 

 

9,258

 

 

 

6,544

 

 

 

1,046

 

 

 

638

 

Net Periodic Benefit Cost

 

$

22,036

 

 

$

19,426

 

 

$

2,528

 

 

$

1,756

 

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

Postretirement Benefits

 

2019

 

 

2018

 

 

2019

 

 

2018

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

-

 

 

$

-

 

 

$

858

 

 

$

784

 

Interest cost

 

 

74

 

 

 

96

 

 

 

564

 

 

 

582

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(110

)

 

 

(110

)

 

 

-

 

 

 

-

 

Net actuarial (gains) losses recognized

 

 

(32

)

 

 

(12

)

 

 

316

 

 

 

230

 

Net Periodic Benefit (Credit) Cost

 

$

(68

)

 

$

(26

)

 

$

1,738

 

 

$

1,596