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Retirement Plans | 3 Months Ended
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Aug. 31, 2020
Compensation And Retirement Disclosure [Abstract] |
Retirement Plans | (6) Retirement Plans We sponsor programs that provide retirement benefits to most of our employees. These programs include defined benefit pension plans, defined contribution plans and postretirement healthcare plans. Key terms of our retirement plans are provided in our Annual Report. Our retirement plans costs for the three-month periods ended August 31 were as follows (in millions):
|  | 2020 |  |  | 2019 |
Defined benefit pension plans, net |  | $ | 25 |  |  | $ | 37 |
Defined contribution plans |  |  | 159 |  |  |  | 142 |
Postretirement healthcare plans |  |  | 21 |  |  |  | 22 |
|  | $ | 205 |  |  | $ | 201 |
Net periodic benefit cost of the pension and postretirement healthcare plans for the three-month periods ended August 31 included the following components (in millions):
|  | U.S. Pension Plans |  |  | International Pension Plans |  |  | Postretirement Healthcare Plans |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Service cost |  | $ | 213 |  |  | $ | 192 |  |  | $ | 23 |  |  | $ | 24 |  |  | $ | 11 |  |  | $ | 11 |
Other retirement plans (income) expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest cost |  |  | 240 |  |  |  | 250 |  |  |  | 10 |  |  |  | 11 |  |  |  | 10 |  |  |  | 11 |
Expected return on plan assets |  |  | (446 | ) |  |  | (400 | ) |  |  | (12 | ) |  |  | (13 | ) |  |  | — |  |  |  | — |
Amortization of prior service credit and other |  |  | (2 | ) |  |  | (27 | ) |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |
|  |  | (208 | ) |  |  | (177 | ) |  |  | (3 | ) |  |  | (2 | ) |  |  | 10 |  |  |  | 11 |
|  | $ | 5 |  |  | $ | 15 |  |  | $ | 20 |  |  | $ | 22 |  |  | $ | 21 |  |  | $ | 22 |
For 2021, no pension contributions are required for our tax-qualified U.S. domestic pension plans (“U.S. Pension Plans”) as they are fully funded under the Employee Retirement Income Security Act. We made voluntary contributions to our U.S. Pension Plans of $1.0 billion during the first quarter of 2020. In 2020, we announced the closing of our U.S.-based defined benefit pension plans to new non-union employees hired on or after January 1, 2020. We will introduce an all-401-(k) plan retirement benefit structure for eligible employees with a higher company match of up to 8% across all U.S.-based operating companies in 2022. During calendar 2021, current eligible employees under the Portable Pension Account (“PPA”) pension formula will be given a one-time option to continue to be eligible for pension compensation credits under the existing PPA formula and remain in the existing 401(k) plan with its match of up to 3.5%, or to cease receiving compensation credits under the pension plan and move to the new 401(k) plan with the higher match of up to 8%. Changes to the new 401(k) plan structure become effective beginning January 1, 2022. While this new program will provide employees greater flexibility and reduce our long-term pension costs, it will not have a material impact on current or near-term financial results.

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