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Pension and Other Postretirement Plans
6 Months Ended
May 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Plans
PENSION AND OTHER POSTRETIREMENT PLANS
 
The Company provides various retirement benefits, including defined benefit plans and postretirement healthcare plans covering certain current and retired employees in the U.S. and abroad.  Components of net periodic benefit cost (income) and Company contributions for these plans were as follows:
 
 
Quarter Ended
 
Six Months Ended
 
 
May 31,
2014
 
June 1,
2013
 
May 31,
2014
 
June 1,
2013
Pension Benefits:
 
 
 
 
 
 
 
 
Components of net periodic benefit cost (income):
 
 
 
 
 
 
 
 
Service cost
 
$
498

 
$
621

 
$
996

 
$
1,243

Interest cost
 
1,933

 
1,726

 
3,864

 
3,456

Expected return on plan assets
 
(2,834
)
 
(2,693
)
 
(5,665
)
 
(5,392
)
Amortization of unrecognized:
 
 
 
 
 
 
 
 
Prior service cost
 
(3
)
 
(2
)
 
(6
)
 
(5
)
Net actuarial loss
 
721

 
1,515

 
1,442

 
3,031

Net periodic benefit cost
 
$
315

 
$
1,167

 
$
631

 
$
2,333

 
 
 
 
 
 
 
 
 
Cash contributions
 
$
62

 
$
1,565

 
$
127

 
$
16,507

 
 
 
 
 
 
 
 
 
Postretirement Healthcare Benefits:
 
 
 
 
 
 
 
 
Components of net periodic benefit cost (income):
 
 
 
 
 
 
 
 
Interest cost
 
$
2

 
$
2

 
$
4

 
$
4

Amortization of unrecognized:
 
 
 
 
 
 
 
 
Prior service cost
 
(31
)
 
(31
)
 
(62
)
 
(62
)
Net actuarial gain
 
(37
)
 
(37
)
 
(74
)
 
(74
)
Net periodic benefit income
 
$
(66
)
 
$
(66
)
 
$
(132
)
 
$
(132
)
 
 
 
 
 
 
 
 
 
Cash contributions
 
$
16

 
$
18

 
$
32

 
$
36

 
The Company’s policy is to contribute to its qualified U.S. and non-U.S. pension plans at least the minimum amount required by applicable laws and regulations, to contribute to the U.S. combined nonqualified plans when required for benefit payments, and to contribute to the postretirement healthcare benefit plan an amount equal to the benefit payments.  The Company, from time to time, makes voluntary contributions in excess of the minimum amount required as economic conditions warrant.

The Company expects to contribute up to the following amounts to its various plans to pay benefits during 2014:

U.S. Qualified Plans
$

U.S. Combined Nonqualified Plans
216

Non-U.S. Plan
409

Postretirement Healthcare Benefit Plan
62

Total expected contributions
$
687


During the three months and six months ended May 31, 2014, the Company contributed $78 and $159 to its various plans. In addition to the plan assets related to its qualified plans, the Company has also funded $953 and $1,024 at May 31, 2014 and November 30, 2013, respectively, into a restricted trust for its U.S. combined nonqualified plans (see Note 6).  This trust is included in Other noncurrent assets in the Consolidated Condensed Balance Sheets.