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Retirement and Postretirement Benefit Plans (Tables)
12 Months Ended
Feb. 29, 2012
Defined Benefit Plan Disclosure [Line Items]  
Components of net periodic benefit cost and changes recognized in other comprehensive income
                         
    2012     2011     2010  

Components of net periodic benefit cost:

                       

Service cost

  $ 726     $ 2,290     $ 2,365  

Interest cost

    3,929       6,014       7,359  

Expected return on plan assets

    (4,310     (4,503     (4,107

Amortization of prior service credit

    (2,461     (7,712     (7,418

Amortization of actuarial (gain) loss

    (766     1,078       2,386  
   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

    (2,882     (2,833     585  

Other changes in plan assets and benefit obligations recognized in other comprehensive income:

                       

Actuarial gain

    (5,115     (21,265     (21,723

Prior service credit added during the year

    -       (7,263     -  

Amortization of actuarial loss (gain)

    766       (1,078     (2,386

Amortization of prior service credit

    2,461       7,712       7,418  
   

 

 

   

 

 

   

 

 

 

Total recognized in other comprehensive income

    (1,888     (21,894     (16,691
   

 

 

   

 

 

   

 

 

 

Total recognized in net periodic benefit cost and other comprehensive income

  $ (4,770   $ (24,727   $ (16,106
   

 

 

   

 

 

   

 

 

 
Summary of the fair value of the defined benefit pension plan assets
                         
    Fair value at
February 29, 2012
    Quoted prices in
active markets for
identical assets
(Level 1)
    Significant other
observable inputs

(Level 2)
 

U.S. plans:

                       

Short-term investments

  $ 710     $         -     $ 710  

Equity securities (collective funds)

    41,322       -       41,322  

Fixed-income funds

    39,510       -       39,510  

International plans:

                       

Short-term investments

    1,163       -       1,163  

Equity securities (collective funds)

    7,753       -       7,753  

Fixed-income funds

    15,883       -       15,883  
   

 

 

   

 

 

   

 

 

 

Total:

  $ 106,341     $ -     $ 106,341  
   

 

 

   

 

 

   

 

 

 
                         
    Fair value at
February 28, 2011
    Quoted prices in
active markets for
identical assets
(Level 1)
    Significant other
observable inputs

(Level 2)
 

U.S. plans:

                       

Short-term investments

  $ 689     $         -     $ 689  

Equity securities (collective funds)

    42,776       -       42,776  

Fixed-income funds

    40,717       -       40,717  

International plans:

                       

Short-term investments

    639       -       639  

Equity securities (collective funds)

    7,191       -       7,191  

Fixed-income funds

    15,869       -       15,869  
   

 

 

   

 

 

   

 

 

 

Total:

  $ 107,881     $ -     $ 107,881  
   

 

 

   

 

 

   

 

 

 
                         
    Fair value at
February 29, 2012
    Quoted prices in
active markets for
identical assets
(Level 1)
    Significant other
observable inputs

(Level 2)
 

Short-term investments

  $ 849     $ -     $ 849  

Equity securities (common stocks)

    17,245       17,245       -  

Fixed-income funds

    39,469       -       39,469  
   

 

 

   

 

 

   

 

 

 

Total:

  $ 57,563     $ 17,245     $ 40,318  
   

 

 

   

 

 

   

 

 

 
                         
    Fair value at
February 28, 2011
    Quoted prices in
active markets for
identical assets
(Level 1)
    Significant other
observable inputs

(Level 2)
 

Short-term investments

  $ 1,176     $ -     $ 1,176  

Equity securities (common stocks)

    29,229       29,229       -  

Fixed-income funds

    36,530       -       36,530  
   

 

 

   

 

 

   

 

 

 

Total:

  $ 66,935     $ 29,229     $ 37,706  
   

 

 

   

 

 

   

 

 

 
Summary of information on the defined benefit pension plans and postretirement benefits plan
                                 
    Pension Plans     Postretirement Benefits  
    2012     2011     2012     2011  

Change in benefit obligation:

                               

Benefit obligation at beginning of year

      $ 170,160             $ 162,845             $ 91,035             $ 110,921      

Service cost

    1,106           957           726           2,290      

Interest cost

    8,353           8,757           3,929           6,014      

Participant contributions

    29           28           4,585           4,165      

Retiree drug subsidy payments

    -           -           1,072           1,670      

Plan amendments

    924           198           -           (7,263)     

Actuarial loss (gain)

    15,310           5,825           (10,726)          (18,639)     

Benefit payments

    (11,036)          (10,567)          (8,277)          (8,123)     

Settlements

    -           52           -           -      

Currency exchange rate changes

    (502)          2,065           -           -      
   

 

 

   

 

 

   

 

 

   

 

 

 

Benefit obligation at end of year

    184,344           170,160           82,344           91,035      

Change in plan assets:

                               

Fair value of plan assets at beginning of year

    107,881           102,092           66,935           66,928      

Actual return on plan assets

    7,172           11,311           (1,301)          7,130      

Employer contributions

    2,736           3,187           (4,379)          (3,165)     

Participant contributions

    29           28           4,585           4,165      

Benefit payments

    (11,036)          (10,567)          (8,277)          (8,123)     

Settlements

    -           52           -           -      

Currency exchange rate changes

    (441)          1,778           -           -      
   

 

 

   

 

 

   

 

 

   

 

 

 

Fair value of plan assets at end of year

    106,341           107,881           57,563           66,935      
   

 

 

   

 

 

   

 

 

   

 

 

 

Funded status at end of year

      $ (78,003)            $ (62,279)            $ (24,781)            $ (24,100)     
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of amounts recognized on the Consolidated Statement of Financial Position
                                 
    Pension Plans     Postretirement Benefits  
            2012                     2011                     2012                     2011          

Accrued compensation and benefits

  $ (2,257   $ (2,347   $ -     $ -  

Other liabilities

    (75,746     (59,932     (24,781     (24,101
   

 

 

   

 

 

   

 

 

   

 

 

 

Net amount recognized

  $ (78,003   $ (62,279   $ (24,781   $ (24,101
   

 

 

   

 

 

   

 

 

   

 

 

 

Amounts recognized in accumulated other comprehensive income:

                               

Net actuarial loss (gain)

  $ 69,632     $ 56,938     $ (3,081   $ 1,268  

Net prior service cost (credit)

    1,531       847       (8,855     (11,316

Net transition obligation

    37       43       -       -  
   

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated other comprehensive loss (income)

  $ 71,200     $ 57,828     $ (11,936   $ (10,048
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of significant weighted-average assumptions to determine benefit obligations and net periodic benefit cost
                 
    Pension Plans   Postretirement Benefits
            2012                   2011                   2012                   2011        

Weighted average discount rate used to determine:

               

Benefit obligations at measurement date

               

U.S.

  4.00-4.25%   5.25%   4.00%   5.50%

International

  4.45%   5.15%   N/A   N/A

Net periodic benefit cost

               

U.S.

  5.25%   5.50-5.75%   5.50%   5.75%

International

  5.15%   5.50%   N/A   N/A

Expected long-term return on plan assets:

               

U.S.

  7.00%   7.00%   7.00%   7.00%

International

  5.50%   5.50%   N/A   N/A

Rate of compensation increase:

               

U.S.

  6.50%   6.50%   N/A   N/A

International

  3.00%   3.00%   N/A   N/A

Health care cost trend rates:

               

For year following February 28 or 29

  N/A   N/A   9.50%   10.00%

Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)

  N/A   N/A   5.00%   5.00%

Year the rate reaches the ultimate trend rate

  N/A   N/A   2021   2021
                         
        2012             2011             2010      

Components of net periodic benefit cost:

                       

Service cost

  $ 1,106     $ 957     $ 730  

Interest cost

    8,353       8,757       9,279  

Expected return on plan assets

    (6,858     (6,588     (5,637

Amortization of transition obligation

    6       6       6  

Amortization of prior service cost

    240       178       261  

Amortization of actuarial loss

    2,126       133       1,942  

Settlements

    -       (3     126  
   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

    4,973       3,440       6,707  

Other changes in plan assets and benefit obligations recognized in other comprehensive income:

                       

Actuarial loss

    14,996       1,175       6,069  

Prior service cost

    924       198       53  

Amortization of prior service cost

    (240     (178     (261

Amortization of actuarial loss

    (2,126     (133     (1,942

Amortization of transition obligation

    (6     (6     (6

Settlements

    -       3       (126
   

 

 

   

 

 

   

 

 

 

Total recognized in other comprehensive income

    13,548       1,059       3,787  
   

 

 

   

 

 

   

 

 

 

Total recognized in net periodic benefit cost and other comprehensive income

  $ 18,521     $ 4,499     $ 10,494  
   

 

 

   

 

 

   

 

 

 
Effect of one percentage point change in assumed health care cost trend rates
      $177,489       $177,489  
            2012                     2011          

Effect of a 1% increase in health care cost trend rate on:

               

Service cost plus interest cost

  $ 210     $ 915  

Accumulated postretirement benefit obligation

    3,854       7,571  
     

Effect of a 1% decrease in health care cost trend rate on:

               

Service cost plus interest cost

    (184     (739

Accumulated postretirement benefit obligation

    (3,332     (6,030
Summary of pension plan information
                 
            2012                     2011          

For all pension plans:

               

Accumulated benefit obligation

  $ 177,489     $ 164,823  
     

For pension plans that are not fully funded:

               

Projected benefit obligation

    184,041       170,160  

Accumulated benefit obligation

    177,186       164,823  

Fair value of plan assets

    106,038       107,881  
Summary of assets of plans held in trust
                                     
    Pension Plans     Postretirement Benefits
    2012     2011     2012     2011     Target Allocation

Equity securities:

                                   

U.S.

    51     51     30%       43%     15%-30%

International

    31     31     N/A       N/A     N/A

Debt securities:

                                   

U.S.

    48     48     69%       54%     65%-85%

International

    64     67     N/A       N/A     N/A

Cash and cash equivalents:

                                   

U.S.

    1     1     1%       3%     0%-15%

International

    5     2     N/A       N/A     N/A
Details of benefits expected to be paid out
                         
    Pension
Plans
    Postretirement Benefits  
    Excluding Effect  of
Medicare Part D Subsidy
    Including Effect  of
Medicare Part D Subsidy
 

2013

  $ 11,024     $ 5,325     $ 4,610  

2014

    11,230       5,370       4,703  

2015

    11,315       5,454       4,730  

2016

    11,161       5,547       4,754  

2017

    11,496       5,584       5,390  

2018 – 2022

    57,264       27,996       27,046