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Retirement Plans
3 Months Ended
Aug. 31, 2017
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans

(5) Retirement Plans

We sponsor programs that provide retirement benefits to most of our employees. These programs include defined benefit pension plans, defined contribution plans and postretirement healthcare plans. Key terms of our retirement plans are provided in our Annual Report. Our retirement plans costs for the three-month periods ended August 31 were as follows (in millions):

 

 

 

2017

 

 

2016

 

Defined benefit pension plans

 

$

37

 

 

$

58

 

Defined contribution plans

 

 

127

 

 

 

119

 

Postretirement healthcare plans

 

 

19

 

 

 

19

 

 

 

$

183

 

 

$

196

 

 

Net periodic benefit cost of the pension and postretirement healthcare plans for the three-month periods ended August 31 included the following components (in millions):

 

 

 

U.S. Pension Plans

 

 

International Pension Plans

 

 

Postretirement Healthcare Plans

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

    Service cost

 

$

170

 

 

$

160

 

 

$

23

 

 

$

20

 

 

$

9

 

 

$

9

 

    Interest cost

 

 

279

 

 

 

282

 

 

 

12

 

 

 

11

 

 

 

10

 

 

 

10

 

    Expected return on plan assets

 

 

(406

)

 

 

(375

)

 

 

(11

)

 

 

(11

)

 

 

 

 

 

 

    Amortization of prior service credit and other

 

 

(30

)

 

 

(30

)

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

$

13

 

 

$

37

 

 

$

24

 

 

$

21

 

 

$

19

 

 

$

19

 

 

Contributions to our tax-qualified U.S. domestic pension plans (“U.S. Pension Plans”) for the three-month periods ended August 31 were as follows (in millions):

 

 

 

2017

 

 

2016

 

Required

 

$

 

 

$

 

Voluntary

 

 

250

 

 

 

250

 

 

 

$

250

 

 

$

250

 

 

In September 2017, we made $250 million in required contributions to our U.S. Pension Plans.