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Retirement Plans (Tables)
6 Months Ended
Nov. 30, 2022
Retirement Plan Tables [Abstract]  
Schedule of Retirement Plan Costs

Our retirement plans costs for the periods ended November 30 were as follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Defined benefit pension plans, net

 

$

58

 

 

$

(2

)

 

$

117

 

 

$

(5

)

Defined contribution plans

 

 

228

 

 

 

171

 

 

 

472

 

 

 

351

 

Postretirement healthcare plans

 

 

23

 

 

 

23

 

 

 

46

 

 

 

45

 

Retirement plans MTM net loss

 

 

 

 

 

260

 

 

 

 

 

 

260

 

 

 

$

309

 

 

$

452

 

 

$

635

 

 

$

651

 

 

Schedule of Net Periodic Benefit Cost

Net periodic benefit cost of the pension and postretirement healthcare plans for the periods ended November 30 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

 

$

163

 

 

$

208

 

 

$

10

 

 

$

14

 

 

$

9

 

 

$

12

 

Other retirement plans expense (income):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

 

305

 

 

 

255

 

 

 

8

 

 

 

7

 

 

 

14

 

 

 

11

 

Expected return on plan assets

 

 

(422

)

 

 

(477

)

 

 

(4

)

 

 

(6

)

 

 

 

 

 

 

Amortization of prior service credit and other

 

 

(2

)

 

 

(2

)

 

 

 

 

 

(1

)

 

 

 

 

 

 

MTM net loss

 

 

 

 

 

36

 

 

 

 

 

 

224

 

 

 

 

 

 

 

 

 

 

(119

)

 

 

(188

)

 

 

4

 

 

 

224

 

 

 

14

 

 

 

11

 

 

 

$

44

 

 

$

20

 

 

$

14

 

 

$

238

 

 

$

23

 

 

$

23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

U.S. Pension Plans

 

 

International Pension Plans

 

 

Postretirement Healthcare Plans

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

326

 

 

$

416

 

 

$

21

 

 

$

29

 

 

$

18

 

 

$

24

 

Other retirement plans expense (income):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

 

609

 

 

 

511

 

 

 

17

 

 

 

19

 

 

 

28

 

 

 

21

 

Expected return on plan assets

 

 

(844

)

 

 

(955

)

 

 

(8

)

 

 

(20

)

 

 

 

 

 

 

Amortization of prior service credit and other

 

 

(4

)

 

 

(4

)

 

 

 

 

 

(1

)

 

 

 

 

 

 

MTM net loss

 

 

 

 

 

36

 

 

 

 

 

 

224

 

 

 

 

 

 

 

 

 

 

(239

)

 

 

(412

)

 

 

9

 

 

 

222

 

 

 

28

 

 

 

21

 

 

 

$

87

 

 

$

4

 

 

$

30

 

 

$

251

 

 

$

46

 

 

$

45