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Pension And Postretirement Benefits
9 Months Ended
Apr. 30, 2017
General Discussion of Pension and Other Postretirement Benefits [Abstract]  
Pension And Postretirement Benefits
Pension and Postretirement Benefits
We sponsor certain defined benefit pension and postretirement plans for employees. Actuarial gains and losses are recognized immediately in our Consolidated Statements of Earnings as of the measurement date, which is our fiscal year end, or more frequently if an interim remeasurement is required. Components of net benefit (income) / expense were as follows:
 
Three Months Ended
 
Nine Months Ended
 
Pension
 
Postretirement
 
Pension
 
Postretirement
 
April 30,
2017
 
May 1,
2016
 
April 30,
2017
 
May 1,
2016
 
April 30,
2017
 
May 1,
2016
 
April 30,
2017
 
May 1,
2016
Service cost
$
6

 
$
6

 
$

 
$

 
$
19

 
$
20

 
$
1

 
$
1

Interest cost
21

 
24

 
2

 
4

 
64

 
74

 
7

 
12

Expected return on plan assets
(36
)
 
(36
)
 

 

 
(108
)
 
(111
)
 

 

Amortization of prior service credit

 
(1
)
 
(5
)
 

 

 
(1
)
 
(18
)
 
(1
)
Recognized net actuarial loss

 
61

 

 

 

 
173

 

 

Net periodic benefit (income) / expense
$
(9
)
 
$
54

 
$
(3
)
 
$
4

 
$
(25
)
 
$
155

 
$
(10
)
 
$
12


In July 2016, the retirement medical program was amended and beginning on January 1, 2017, we no longer sponsor our own medical coverage for certain Medicare-eligible retirees. Instead, we offer these Medicare-eligible retirees access to health care coverage through a private exchange and offer a health reimbursement account to subsidize benefits for a select group of retirees. The prior service credit is primarily related to the amendment in July 2016.
The recognized net actuarial loss in 2016 resulted from the quarterly remeasurement of certain U.S. plans. The remeasurement was required due to a high level of lump sum payments to certain vested plan participants arising primarily out of a limited-time offer to accept a single lump sum in lieu of future annuity payments.
No contributions are expected to be made to U.S. pension plans in 2017. Contributions to non-U.S. pension plans during the nine-month period ended April 30, 2017, were $4. We expect contributions to non-U.S. pension plans during the remainder of the year to be approximately $1.