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Retirement Plans | 3 Months Ended
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Aug. 31, 2024
Retirement Benefits [Abstract] |
Retirement Plans | NOTE 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):
|  | 2024 |  |  | 2023 |
Defined benefit pension plans |  | $ | 70 |  |  | $ | 91 |
Defined contribution plans |  |  | 287 |  |  |  | 240 |
Postretirement healthcare plans |  |  | 22 |  |  |  | 23 |
|  | $ | 379 |  |  | $ | 354 |
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 |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Service cost |  | $ | 125 |  |  | $ | 136 |  |  | $ | 9 |  |  | $ | 10 |  |  | $ | 7 |  |  | $ | 7 |
Interest cost |  |  | 361 |  |  |  | 341 |  |  |  | 12 |  |  |  | 10 |  |  |  | 16 |  |  |  | 16 |
Expected return on plan assets |  |  | (430 | ) |  |  | (400 | ) |  |  | (5 | ) |  |  | (4 | ) |  |  | — |  |  |  | — |
Amortization of prior service credit and other |  |  | (2 | ) |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |
Net periodic benefit cost |  | $ | 54 |  |  | $ | 75 |  |  | $ | 16 |  |  | $ | 16 |  |  | $ | 22 |  |  | $ | 23 |
For 2025, no pension contributions are required for our tax-qualified U.S. domestic pension plan (“U.S. Pension Plan”) as it is fully funded under the Employee Retirement Income Security Act. We made voluntary contributions of $300 million to our U.S. Pension Plan during the three-month period ended August 31, 2024.

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