Retirement and Postretirement Benefit Plans (Tables)

12 Months Ended

Feb. 28, 2015

Change in Benefit Obligation and Plan Assets

The following table sets forth summarized information on the defined benefit pension plans and postretirement benefits plan:

	Defined Benefit Pension Plans						Postretirement Benefits Plan
	2015			2014			2015			2014
Change in benefit obligation:
Benefit obligation at beginning of year	$	184,786		$	188,146		$	66,632		$	67,452
Service cost		683			1,115			368			431
Interest cost		7,249			7,065			2,545			2,397
Participant contributions		16			20			3,282			3,485
Retiree drug subsidy payments		—			—			590			796
Plan amendments		580			414			—			—
Actuarial loss (gain)		14,137			6,043			(4,387	)		(1,470	)
Change in control		—			2,613			—			—
Plan curtailment		—			(7,164	)		—			—
Benefit payments		(11,431	)		(11,519	)		(5,888	)		(6,459	)
Currency exchange rate changes		(3,227	)		(1,947	)		—			—
Benefit obligation at end of year		192,793			184,786			63,142			66,632
Change in plan assets:
Fair value of plan assets at beginning of year		104,894			104,521			48,757			51,794
Actual return on plan assets		12,188			11,386			2,313			3,255
Employer contributions		5,612			2,199			(3,282	)		(3,485	)
Participant contributions		16			20			3,282			3,485
Benefit payments		(11,431	)		(11,519	)		(5,470	)		(6,292	)
Currency exchange rate changes		(2,986	)		(1,713	)		—			—
Fair value of plan assets at end of year		108,293			104,894			45,600			48,757
Funded status at end of year	$	(84,500	)	$	(79,892	)	$	(17,542	)	$	(17,875	)

Summary of Amounts Recognized on Consolidated Statement of Financial Position

Amounts recognized on the Consolidated Statement of Financial Position consist of the following:

	Defined Benefit Pension Plans						Postretirement Benefits Plan
	2015			2014			2015			2014
Accrued compensation and benefits	$	(2,639	)	$	(2,624	)	$	—		$	—
Other liabilities		(81,861	)		(77,268	)		(17,542	)		(17,875	)
Net amount recognized	$	(84,500	)	$	(79,892	)	$	(17,542	)	$	(17,875	)
Amounts recognized in accumulated other comprehensive (income) loss
Net actuarial loss (gain)	$	68,372		$	63,614		$	(19,396	)	$	(17,013	)
Net prior service cost (credit)		—			—			(4,173	)		(5,477	)
Net transition obligation		16			23			—			—
Accumulated other comprehensive loss (income)	$	68,388		$	63,637		$	(23,569	)	$	(22,490	)

Summary of Significant Weighted-Average Assumptions, Determine Benefit Obligations and Net Periodic Benefit Cost

The following table presents significant weighted-average assumptions to determine benefit obligations and net periodic benefit cost:

	Defined Benefit Pension Plans		Postretirement Benefits Plan
	2015	2014	2015			2014
Weighted average discount rate used to determine:
Benefit obligations at measurement date
U.S.	3.25-3.50%	4.00-4.25%		3.50	%		4.25	%
International	3.40%	4.05%		N/A			N/A
Net periodic benefit cost
U.S.	4.00-4.25%	3.75-4.50%		4.25	%		3.75	%
International	4.05%	3.90%		N/A			N/A
Expected long-term return on plan assets:
U.S.	6.75%	6.75%		6.50	%		6.50	%
International	5.25%	5.00%		N/A			N/A
Rate of compensation increase:
U.S.	N/A	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		8.00	%		8.50	%
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

Effect of One Percentage Point Change in Assumed Health Care Cost Trend Rate

In developing the expected long-term rate of return assumption, consideration was given to various factors, including a review of asset class return expectations based on historical compounded returns for such asset classes.

	2015			2014
Effect of a 1% increase in health care cost trend rate on:
Service cost plus interest cost	$	82		$	80
Accumulated postretirement benefit obligation		2,083			2,462
Effect of a 1% decrease in health care cost trend rate on:
Service cost plus interest cost		(72	)		(70	)
Accumulated postretirement benefit obligation		(1,798	)		(2,139	)

Summary of Underfunded Defined Benefit Pension Plans Information

The following table presents selected defined benefit pension plan information:

	2015		2014
For all defined benefit pension plans:
Accumulated benefit obligation	$	192,774	$	184,769
For defined benefit pension plans that are not fully funded:
Projected benefit obligation		169,803		184,527
Accumulated benefit obligation		169,803		184,510
Fair value of plan assets		85,052		104,635

Summary of Fair Value of Defined Benefit Pension Plan Assets, Pension Plans

At February 28, 2015 and 2014, the assets of the plans are held in trust and allocated as follows:

	Defined Benefit Pension Plans						Postretirement Benefits Plan
	2015			2014			2015			2014			Target Allocation
Equity securities:
U.S.		50	%		52	%		27	%		27	%	15% - 30%
International		34	%		40	%		N/A			N/A		N/A
Debt securities:
U.S.		49	%		47	%		71	%		71	%	65% - 85%
International		65	%		59	%		N/A			N/A		N/A
Cash and cash equivalents:
U.S.		1	%		1	%		2	%		2	%	0% - 15%
International		1	%		1	%		N/A			N/A		N/A

Details of Benefits Expected to be Paid Out

The benefits expected to be paid out are as follows:

			Postretirement Benefits Plan
	Defined Benefit Pension Plans		Excluding Effect of Medicare Part D Subsidy		Including Effect of Medicare Part D Subsidy
2016	$	11,322	$	3,997	$	3,424
2017		11,246		3,962		3,446
2018		11,400		3,942		3,375
2019		11,443		3,948		3,336
2020		11,367		3,936		3,271
2021 – 2025		56,976		19,253		18,426

Postretirement Benefit Plan [Member]

Components of Net Periodic Benefit Cost and Changes Recognized Other Comprehensive Income

A summary of the components of net periodic benefit cost for the postretirement benefit plan is as follows:

	2015			2014			2013
Components of net periodic benefit cost:
Service cost	$	368		$	431		$	684
Interest cost		2,545			2,397			2,841
Expected return on plan assets		(2,882	)		(3,067	)		(3,430	)
Amortization of prior service credit		(1,304	)		(1,303	)		(2,075	)
Amortization of actuarial gain		(1,435	)		(1,043	)		(452	)
Net periodic benefit cost		(2,708	)		(2,585	)		(2,432	)
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Actuarial gain		(3,818	)		(1,659	)		(13,768	)
Amortization of actuarial gain		1,435			1,043			452
Amortization of prior service credit		1,304			1,303			2,075
Total recognized in other comprehensive income		(1,079	)		687			(11,241	)
Total recognized in net periodic benefit cost and other comprehensive income	$	(3,787	)	$	(1,898	)	$	(13,673	)

Summary of Fair Value of Defined Benefit Pension Plan Assets, Pension Plans

The following table summarizes the fair value of the postretirement benefit plan assets at February 28, 2015:

	Fair value at February 28, 2015		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)
Short-term investments	$	1,192	$	—	$	1,192
Equity securities		12,133		12,133		—
Fixed income securities		32,275		—		32,275
Total	$	45,600	$	12,133	$	33,467

The following table summarizes the fair value of the postretirement benefit plan assets at February 28, 2014:

	Fair value at February 28, 2014		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)
Short-term investments	$	1,312	$	—	$	1,312
Equity securities		12,968		12,968		—
Fixed income securities		34,477		—		34,477
Total	$	48,757	$	12,968	$	35,789

Defined Benefit Pension Plans [Member]

Components of Net Periodic Benefit Cost and Changes Recognized Other Comprehensive Income

A summary of the components of net periodic benefit cost for the defined benefit pension plans is as follows:

	2015			2014			2013
Components of net periodic benefit cost:
Service cost	$	683		$	1,115		$	1,369
Interest cost		7,249			7,065			7,394
Expected return on plan assets		(6,522	)		(6,267	)		(6,473	)
Amortization of transition obligation		5			6			7
Amortization of prior service cost		580			190			240
Amortization of actuarial loss		2,827			3,485			3,514
Recognition of prior service cost upon curtailment		—			1,746			—
Net periodic benefit cost		4,822			7,340			6,051
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Actuarial loss		8,610			941			5,657
Prior service cost		580			414			231
Amortization of prior service cost		(580	)		(190	)		(240	)
Amortization of actuarial loss		(2,827	)		(3,485	)		(3,514	)
Amortization of transition obligation		(5	)		(6	)		(7	)
Change in control		—			2,613			—
Curtailment gain		—			(7,164	)		—
Recognition of prior service cost upon curtailment		—			(1,746	)		—
Total recognized in other comprehensive income		5,778			(8,623	)		2,127
Total recognized in net periodic benefit cost and other comprehensive income	$	10,600		$	(1,283	)	$	8,178

Summary of Fair Value of Defined Benefit Pension Plan Assets, Pension Plans

The following table summarizes the fair value of the defined benefit pension plan assets at February 28, 2015:

	Fair value at February 28, 2015		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)
U.S. plans:
Short-term investments	$	709	$	—	$	709
Equity securities (collective funds)		42,473		—		42,473
Fixed-income funds		41,870		—		41,870
International plans:
Short-term investments		157		—		157
Equity securities (collective funds)		8,012		—		8,012
Fixed-income funds		15,072		—		15,072
Total	$	108,293	$	—	$	108,293

The following table summarizes the fair value of the defined benefit pension plan assets at February 28, 2014:

	Fair value at February 28, 2014		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)
U.S. plans:
Short-term investments	$	719	$	—	$	719
Equity securities (collective funds)		42,599		—		42,599
Fixed-income funds		38,154		—		38,154
International plans:
Short-term investments		259		—		259
Equity securities (collective funds)		9,470		—		9,470
Fixed-income funds		13,693		—		13,693
Total	$	104,894	$	—	$	104,894