Retirement-Related Benefit Plans' Impact on Income Before Income Taxes |
The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three- and six-month periods ended November 30, 2024 and 2023:
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U.S. Plans |
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Non-U.S. Plans |
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|
Three Months Ended |
|
Three Months Ended |
|
(In thousands) |
November 30, |
|
November 30, |
|
November 30, |
|
November 30, |
|
Pension Benefits |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
Service cost |
$ |
10,804 |
|
$ |
10,913 |
|
$ |
1,120 |
|
$ |
887 |
|
Interest cost |
|
9,795 |
|
|
8,992 |
|
|
1,963 |
|
|
1,935 |
|
Expected return on plan assets |
|
(12,017 |
) |
|
(10,518 |
) |
|
(2,376 |
) |
|
(2,400 |
) |
Amortization of: |
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|
|
|
|
|
|
|
Prior service cost (credit) |
|
1 |
|
|
1 |
|
|
(32 |
) |
|
(31 |
) |
Net actuarial losses recognized |
|
2,153 |
|
|
4,205 |
|
|
294 |
|
|
209 |
|
Net Periodic Benefit Cost |
$ |
10,736 |
|
$ |
13,593 |
|
$ |
969 |
|
$ |
600 |
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|
|
|
|
|
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|
U.S. Plans |
|
Non-U.S. Plans |
|
|
Three Months Ended |
|
Three Months Ended |
|
(In thousands) |
November 30, |
|
November 30, |
|
November 30, |
|
November 30, |
|
Postretirement Benefits |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
Service cost |
$ |
- |
|
$ |
- |
|
$ |
425 |
|
$ |
569 |
|
Interest cost |
|
21 |
|
|
22 |
|
|
318 |
|
|
390 |
|
Amortization of: |
|
|
|
|
|
|
|
|
Net actuarial (gains) recognized |
|
(6 |
) |
|
(4 |
) |
|
(140 |
) |
|
(12 |
) |
Net Periodic Benefit Cost |
$ |
15 |
|
$ |
18 |
|
$ |
603 |
|
$ |
947 |
|
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|
|
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|
|
|
|
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|
|
|
|
U.S. Plans |
|
Non-U.S. Plans |
|
|
Six Months Ended |
|
Six Months Ended |
|
(In thousands) |
November 30, |
|
November 30, |
|
November 30, |
|
November 30, |
|
Pension Benefits |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
|
|
|
|
|
|
|
|
|
Service cost |
$ |
21,608 |
|
$ |
21,826 |
|
$ |
2,240 |
|
$ |
1,774 |
|
Interest cost |
|
19,590 |
|
|
17,984 |
|
|
3,926 |
|
|
3,870 |
|
Expected return on plan assets |
|
(24,034 |
) |
|
(21,036 |
) |
|
(4,752 |
) |
|
(4,800 |
) |
Amortization of: |
|
|
|
|
|
|
|
|
Prior service cost (credit) |
|
1 |
|
|
2 |
|
|
(64 |
) |
|
(62 |
) |
Net actuarial losses recognized |
|
4,306 |
|
|
8,410 |
|
|
588 |
|
|
418 |
|
Net Periodic Benefit Cost |
$ |
21,471 |
|
$ |
27,186 |
|
$ |
1,938 |
|
$ |
1,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Plans |
|
Non-U.S. Plans |
|
|
Six Months Ended |
|
Six Months Ended |
|
(In thousands) |
November 30, |
|
November 30, |
|
November 30, |
|
November 30, |
|
Postretirement Benefits |
2024 |
|
2023 |
|
2024 |
|
2023 |
|
|
|
|
|
|
|
|
|
|
Service cost |
$ |
- |
|
$ |
- |
|
$ |
850 |
|
$ |
1,138 |
|
Interest cost |
|
42 |
|
|
44 |
|
|
636 |
|
|
780 |
|
Amortization of: |
|
|
|
|
|
|
|
|
Net actuarial (gains) recognized |
|
(12 |
) |
|
(8 |
) |
|
(280 |
) |
|
(24 |
) |
Net Periodic Benefit Cost |
$ |
30 |
|
$ |
36 |
|
$ |
1,206 |
|
$ |
1,894 |
|
|