Pension and Postretirement Benefits

6 Months Ended

May 31, 2011

Pension and Postretirement Benefits

Pension and Postretirement Benefits

4. PENSION AND POSTRETIREMENT BENEFITS

The following table presents the components of our pension expense of the defined benefit plans for the three months ended May 31 (in millions):

	United States						International
	2011			2010			2011			2010
Defined benefit plans
Service cost	$	3.8		$	3.2		$	1.6		$	1.3
Interest costs		7.6			7.3			3.2			2.8
Expected return on plan assets		(8.5	)		(8.0	)		(4.0	)		(3.4	)
Amortization of prior service costs		—			—			.1			.1
Recognized net actuarial loss		3.3			3.0			.6			.3
Total pension expense	$	6.2		$	5.5		$	1.5		$	1.1

The following table presents the components of our pension expense of the defined benefit plans for the six months ended May 31 (in millions):

	United States						International
	2011			2010			2011			2010
Defined benefit plans
Service cost	$	7.6		$	6.4		$	3.1		$	2.7
Interest costs		15.1			14.6			6.3			5.7
Expected return on plan assets		(17.0	)		(16.0	)		(7.9	)		(6.9	)
Amortization of prior service costs		—			—			.2			.2
Recognized net actuarial loss		6.6			5.9			1.2			.7
Total pension expense	$	12.3		$	10.9		$	2.9		$	2.4

During the six months ended May 31, 2011 and 2010, we made $39.0 million and $44.5 million, respectively, in total contributions to our pension plans. Total contributions to our pension plans in 2011 are expected to be approximately $46 million. Total contributions to our pension plans in fiscal year 2010 were $49.5 million.

The following table presents the components of our other postretirement benefits expense (in millions):

	Three months ended May 31,						Six months ended May 31,
	2011			2010			2011			2010
Other postretirement benefits
Service cost	$	0.8		$	1.3		$	1.9		$	2.5
Interest costs		1.1			1.2			2.2			2.5
Amortization of prior service costs		(1.5	)		(1.2	)		(3.0	)		(2.7	)
Amortization of losses and (gains)		0.1			0.2			0.4			0.6
Total other postretirement expense	$	0.5		$	1.5		$	1.5		$	2.9