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Pension Plans (Tables)
3 Months Ended
Aug. 31, 2020
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 months ended August 31, 2020 and 2019:

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

(In thousands)

 

August 31,

 

 

August 31,

 

 

August 31,

 

 

August 31,

 

Pension Benefits

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

11,130

 

 

$

9,856

 

 

$

1,406

 

 

$

1,391

 

Interest cost

 

 

3,806

 

 

 

5,104

 

 

 

1,122

 

 

 

1,193

 

Expected return on plan assets

 

 

(8,279

)

 

 

(8,573

)

 

 

(1,607

)

 

 

(1,834

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost (credit)

 

 

2

 

 

 

2

 

 

 

(35

)

 

 

(9

)

Net actuarial losses recognized

 

 

7,501

 

 

 

4,629

 

 

 

526

 

 

 

523

 

Net Periodic Benefit Cost

 

$

14,160

 

 

$

11,018

 

 

$

1,412

 

 

$

1,264

 

 

 

 

U.S. Plans

 

 

Non-U.S. Plans

 

 

 

Three Months Ended

 

 

Three Months Ended

 

(In thousands)

 

August 31,

 

 

August 31,

 

 

August 31,

 

 

August 31,

 

Postretirement Benefits

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

-

 

 

$

-

 

 

$

431

 

 

$

429

 

Interest cost

 

 

19

 

 

 

37

 

 

 

283

 

 

 

282

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (credit)

 

 

(42

)

 

 

(55

)

 

 

-

 

 

 

-

 

Net actuarial (gains) losses recognized

 

 

10

 

 

 

(16

)

 

 

130

 

 

 

158

 

Net Periodic Benefit (Credit) Cost

 

$

(13

)

 

$

(34

)

 

$

844

 

 

$

869