XML 32 R17.htm IDEA: XBRL DOCUMENT
v3.24.4

Retirement Plans | 6 Months Ended
--- | ---
Nov. 30, 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 periods ended November 30 were as follows (in millions):
|  | Three Months Ended |  |  | Six Months Ended |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Defined benefit pension plans |  | $ | 70 |  |  | $ | 91 |  |  | $ | 140 |  |  | $ | 182 |
Defined contribution plans |  |  | 288 |  |  |  | 242 |  |  |  | 575 |  |  |  | 482 |
Postretirement healthcare plans |  |  | 21 |  |  |  | 21 |  |  |  | 43 |  |  |  | 44 |
|  | $ | 379 |  |  | $ | 354 |  |  | $ | 758 |  |  | $ | 708 |
Net periodic benefit cost of the pension and postretirement healthcare plans for the periods ended November 30 included the following components (in millions):
|  | Three Months Ended |
|  | U.S. Pension Plans |  |  | International Pension Plans |  |  | Postretirement Healthcare Plans |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Service cost |  | $ | 124 |  |  | $ | 136 |  |  | $ | 11 |  |  | $ | 10 |  |  | $ | 6 |  |  | $ | 7 |
Other retirement plans expense (income): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest cost |  |  | 363 |  |  |  | 340 |  |  |  | 10 |  |  |  | 12 |  |  |  | 16 |  |  |  | 14 |
Expected return on plan assets |  |  | (430 | ) |  |  | (399 | ) |  |  | (7 | ) |  |  | (7 | ) |  |  | — |  |  |  | — |
Amortization of prior service credit and other |  |  | (2 | ) |  |  | (1 | ) |  |  | 1 |  |  |  | — |  |  |  | (1 | ) |  |  | — |
|  |  | (69 | ) |  |  | (60 | ) |  |  | 4 |  |  |  | 5 |  |  |  | 15 |  |  |  | 14 |
Net periodic benefit cost |  | $ | 55 |  |  | $ | 76 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 21 |  |  | $ | 21 |
|  | Six Months Ended |
|  | U.S. Pension Plans |  |  | International Pension Plans |  |  | Postretirement Healthcare Plans |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Service cost |  | $ | 249 |  |  | $ | 272 |  |  | $ | 20 |  |  | $ | 20 |  |  | $ | 13 |  |  | $ | 14 |
Other retirement plans expense (income): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest cost |  |  | 724 |  |  |  | 681 |  |  |  | 22 |  |  |  | 22 |  |  |  | 32 |  |  |  | 30 |
Expected return on plan assets |  |  | (860 | ) |  |  | (799 | ) |  |  | (12 | ) |  |  | (11 | ) |  |  | — |  |  |  | — |
Amortization of prior service credit and other |  |  | (4 | ) |  |  | (3 | ) |  |  | 1 |  |  |  | — |  |  |  | (2 | ) |  |  | — |
|  |  | (140 | ) |  |  | (121 | ) |  |  | 11 |  |  |  | 11 |  |  |  | 30 |  |  |  | 30 |
Net periodic benefit cost |  | $ | 109 |  |  | $ | 151 |  |  | $ | 31 |  |  | $ | 31 |  |  | $ | 43 |  |  | $ | 44 |
For 2025, no pension contributions are required for our tax-q ualified 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 $600 million to our U.S. Pension Plan during the six-month period ended November 30, 2024.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 70 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480794/715-70-50-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (o) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (p) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480266/715-60-50-3 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration