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Retirement Plans
3 Months Ended
Aug. 31, 2018
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans

(6) 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):

 

 

 

2018

 

 

2017

 

Defined benefit pension plans, net

 

$

28

 

 

$

37

 

Defined contribution plans

 

 

144

 

 

 

127

 

Postretirement healthcare plans

 

 

19

 

 

 

19

 

 

 

$

191

 

 

$

183

 

 

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

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Service cost

 

$

172

 

 

$

170

 

 

$

24

 

 

$

23

 

 

$

9

 

 

$

9

 

Other retirement plans (income) expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Interest cost

 

 

238

 

 

 

279

 

 

 

13

 

 

 

12

 

 

 

10

 

 

 

10

 

    Expected return on plan assets

 

 

(377

)

 

 

(406

)

 

 

(12

)

 

 

(11

)

 

 

 

 

 

 

   Amortization of prior service credit and other

 

 

(29

)

 

 

(30

)

 

 

(1

)

 

 

 

 

 

 

 

 

 

 

 

 

(168

)

 

 

(157

)

 

 

 

 

 

1

 

 

 

10

 

 

 

10

 

 

 

$

4

 

 

$

13

 

 

$

24

 

 

$

24

 

 

$

19

 

 

$

19

 

 

We made voluntary contributions to our tax-qualified U.S. domestic pension plans (“U.S. Pension Plans”) of $250 million during the first quarters of 2019 and 2018. In September 2018, we made additional voluntary contributions to our U.S. Pension Plans of $250 million.