XML 42 R35.htm IDEA: XBRL DOCUMENT v3.24.4
Pension Plans (Tables)
6 Months Ended
Nov. 30, 2024
Retirement Benefits [Abstract]  
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:

 

U.S. Plans

 

Non-U.S. Plans

 

 

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:

 

 

 

 

 

 

 

 

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

 

 

 

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

 

 

 

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