Employee Benefit and Retirement Plans

3 Months Ended

Feb. 29, 2020

We sponsor defined benefit pension plans in the U.S. and certain foreign locations. In addition, we sponsor defined contribution plans in the U.S. We contribute to defined contribution plans in locations outside the U.S., including government-sponsored retirement plans. We also currently provide postretirement medical and life insurance benefits to certain U.S. employees and retirees. As more fully described in the notes included in our Annual Report on Form 10-K for the year ended November 30, 2019, during fiscal years 2018 and 2017, we made significant changes to our employee benefit and retirement plans that froze the accrual of future benefits under certain defined benefit pension plans in the U.S. and certain foreign locations.

The following table presents the components of our pension expense (income) of the defined benefit plans for the three months ended February 29, 2020 and February 28, 2019 (in millions):


	United States						International
	2020		2019		2020		2019
Defined benefit plans
Service cost	$	0.8	$	0.5	$	0.2	$	0.9
Interest costs	7.3		8.6		1.9		2.4
Expected return on plan assets	(10.1)		(10.6)		(3.8)		(4.1)
Amortization of prior service costs	0.1		0.1		—		—
Amortization of net actuarial losses	2.0		0.6		0.5		0.3

Total pension expense (income)	$	0.1	$	(0.8)	$	(1.2)	$	(0.5)

During each of the three months ended February 29, 2020 and February 28, 2019, we contributed $1.9 million to our pension plans. Total contributions to our pension plans in fiscal year 2019 were $11.4 million.

The following table presents the components of our other postretirement benefits (income) expense for the three months ended February 29, 2020 and February 28, 2019 (in millions):



	2020		2019
Other postretirement benefits
Service cost	$	0.5	$	0.5
Interest costs	0.5		0.7
Amortization of prior service credits	(1.1)		(2.2)
Amortization of net actuarial gains	(0.1)		(0.2)

Total other postretirement benefits (income) expense	$	(0.2)	$	(1.2)

All of the amounts in the tables above for pension expense and other postretirement benefits expense, other than service cost, were included in the income statement caption "Other income, net" within our consolidated income statements. The aggregate amount of pension and other postretirement benefits (income) expenses, excluding service cost components, were $(2.8) million and $(4.4) million for the three months ended February 29, 2020 and February 28, 2019, respectively.