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Retirement and Postemployment Benefits
3 Months Ended
Aug. 29, 2021
Retirement and Postemployment Benefits [Abstract]  
Retirement and Postemployment Benefits

(14) Retirement and Postemployment Benefits

 

Components of net periodic benefit (income) expense are as follows:

 

 

Defined Benefit

Pension Plans

 

 

Other Postretirement

Benefit Plans

 

 

Postemployment Benefit Plans

 

 

Quarter Ended

 

 

Quarter Ended

 

 

Quarter Ended

In Millions

 

Aug. 29, 2021

 

 

Aug. 30, 2020

 

 

Aug. 29, 2021

 

 

Aug. 30, 2020

 

 

Aug. 29, 2021

 

 

Aug. 30, 2020

Service cost

$

23.7

 

$

26.0

 

$

1.9

 

$

2.2

 

$

1.8

 

$

2.3

Interest cost

 

46.3

 

 

48.0

 

 

3.2

 

 

4.5

 

 

0.4

 

 

0.4

Expected return on plan assets

 

(102.8)

 

 

(105.0)

 

 

(6.7)

 

 

(8.7)

 

 

-

 

 

-

Amortization of losses (gains)

 

34.9

 

 

26.8

 

 

(2.7)

 

 

(1.3)

 

 

0.8

 

 

0.7

Amortization of prior service costs (credits)

 

0.2

 

 

0.3

 

 

(5.2)

 

 

(1.4)

 

 

0.1

 

 

0.2

Other adjustments

 

-

 

 

-

 

 

-

 

 

-

 

 

1.9

 

 

2.2

Curtailment gain

 

(14.8)

 

 

-

 

 

(5.5)

 

 

-

 

 

-

 

 

-

Net (income) expense

$

(12.5)

 

$

(3.9)

 

$

(15.0)

 

$

(4.7)

 

$

5.0

 

$

5.8