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Retirement Plans (Tables)
9 Months Ended
Feb. 28, 2022
Retirement Plan Tables [Abstract]  
Schedule of Retirement Plan Costs

Our retirement plans costs for the periods ended February 28 were as follows (in millions):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Defined benefit pension plans, net

 

$

2

 

 

$

20

 

 

$

(3

)

 

$

72

 

Defined contribution plans

 

 

226

 

 

 

182

 

 

 

577

 

 

 

493

 

Postretirement healthcare plans

 

 

22

 

 

 

21

 

 

 

67

 

 

 

62

 

Retirement plans MTM net loss

 

 

 

 

 

 

 

 

260

 

 

 

52

 

 

 

$

250

 

 

$

223

 

 

$

901

 

 

$

679

 

Schedule of Net Periodic Benefit Cost

Net periodic benefit cost of the pension and postretirement healthcare plans for the periods ended February 28 included the following components (in millions):

 

 

 

Three Months Ended

 

 

 

U.S. Pension Plans

 

 

International Pension Plans

 

 

Postretirement Healthcare Plans

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

209

 

 

$

213

 

 

$

14

 

 

$

19

 

 

$

12

 

 

$

11

 

Other retirement plans expense (income):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

 

254

 

 

 

240

 

 

 

8

 

 

 

10

 

 

 

10

 

 

 

10

 

Expected return on plan assets

 

 

(478

)

 

 

(447

)

 

 

(3

)

 

 

(13

)

 

 

 

 

 

 

Amortization of prior service credit and other

 

 

(1

)

 

 

(2

)

 

 

(1

)

 

 

 

 

 

 

 

 

 

 

 

 

(225

)

 

 

(209

)

 

 

4

 

 

 

(3

)

 

 

10

 

 

 

10

 

 

 

$

(16

)

 

$

4

 

 

$

18

 

 

$

16

 

 

$

22

 

 

$

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

U.S. Pension Plans

 

 

International Pension Plans

 

 

Postretirement Healthcare Plans

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

625

 

 

$

638

 

 

$

43

 

 

$

68

 

 

$

36

 

 

$

33

 

Other retirement plans expense (income):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

 

765

 

 

 

719

 

 

 

27

 

 

 

31

 

 

 

31

 

 

 

29

 

Expected return on plan assets

 

 

(1,433

)

 

 

(1,339

)

 

 

(23

)

 

 

(38

)

 

 

 

 

 

 

Amortization of prior service credit and other

 

 

(5

)

 

 

(6

)

 

 

(2

)

 

 

(1

)

 

 

 

 

 

 

MTM net loss

 

 

36

 

 

 

 

 

 

224

 

 

 

52

 

 

 

 

 

 

 

 

 

 

(637

)

 

 

(626

)

 

 

226

 

 

 

44

 

 

 

31

 

 

 

29

 

 

 

$

(12

)

 

$

12

 

 

$

269

 

 

$

112

 

 

$

67

 

 

$

62