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Retirement Plans
6 Months Ended
Nov. 30, 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 periods ended November 30 were as follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Defined benefit pension plans

 

$

37

 

 

$

58

 

 

$

74

 

 

$

116

 

Defined contribution plans

 

 

124

 

 

 

112

 

 

 

251

 

 

 

231

 

Postretirement healthcare plans

 

 

18

 

 

 

19

 

 

 

37

 

 

 

38

 

 

 

$

179

 

 

$

189

 

 

$

362

 

 

$

385

 

 

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

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Service cost

 

$

170

 

 

$

160

 

 

$

23

 

 

$

20

 

 

$

9

 

 

$

9

 

Interest cost

 

 

278

 

 

 

282

 

 

 

13

 

 

 

11

 

 

 

9

 

 

 

10

 

Expected return on plan assets

 

 

(406

)

 

 

(375

)

 

 

(11

)

 

 

(11

)

 

 

 

 

 

 

Amortization of prior service credit and other

 

 

(29

)

 

 

(30

)

 

 

(1

)

 

 

1

 

 

 

 

 

 

 

 

 

$

13

 

 

$

37

 

 

$

24

 

 

$

21

 

 

$

18

 

 

$

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

U.S. Pension Plans

 

 

International Pension Plans

 

 

Postretirement Healthcare Plans

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Service cost

 

$

340

 

 

$

319

 

 

$

46

 

 

$

41

 

 

$

18

 

 

$

18

 

Interest cost

 

 

557

 

 

 

564

 

 

 

25

 

 

 

22

 

 

 

19

 

 

 

20

 

Expected return on plan assets

 

 

(812

)

 

 

(751

)

 

 

(22

)

 

 

(21

)

 

 

 

 

 

 

Amortization of prior service credit and other

 

 

(59

)

 

 

(59

)

 

 

(1

)

 

 

1

 

 

 

 

 

 

 

 

 

$

26

 

 

$

73

 

 

$

48

 

 

$

43

 

 

$

37

 

 

$

38

 

 

Contributions to our tax-qualified U.S. domestic pension plans for the six-month periods ended November 30 were as follows (in millions):

 

 

 

2017

 

 

2016

 

Required

 

$

268

 

 

$

250

 

Voluntary

 

 

482

 

 

 

250

 

 

 

$

750

 

 

$

500