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RETIREMENT PLANS | 6 Months Ended
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Nov. 30, 2025
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, 2025 and 2024 were as follows (in millions):
| Three Months Ended |  | Six Months Ended
| November 30, 2025 |  | November 30, 2024 |  | November 30, 2025 |  | November 30, 2024
Defined benefit pension plans | $ | 46 |  |  | $ | 70 |  |  | $ | 93 |  |  | $ | 140 |
Defined contribution plans | 312 |  |  | 288 |  |  | 618 |  |  | 575 |
Postretirement healthcare plans | 23 |  |  | 21 |  |  | 45 |  |  | 43 |
| $ | 381 |  |  | $ | 379 |  |  | $ | 756 |  |  | $ | 758 |
Net periodic benefit cost of the pension and postretirement healthcare plans for the periods ended November 30, 2025 and 2024 included the following components (in millions):
| Three Months Ended
| U.S. Pension Plans |  | International Pension Plans |  | Postretirement Healthcare Plans
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Service cost | $ | 111 |  |  | $ | 124 |  |  | $ | 10 |  |  | $ | 11 |  |  | $ | 7 |  |  | $ | 6 |
Other retirement plans expense (income): |  |  |  |  |  |  |  |  |  |  |
Interest cost | 379 |  |  | 363 |  |  | 11 |  |  | 10 |  |  | 17 |  |  | 16 |
Expected return on plan assets | (457) |  |  | (430) |  |  | (6) |  |  | (7) |  |  | — |  |  | — |
Amortization of prior service credit and other | (2) |  |  | (2) |  |  | — |  |  | 1 |  |  | (1) |  |  | (1) |
| (80) |  |  | (69) |  |  | 5 |  |  | 4 |  |  | 16 |  |  | 15 |
Net periodic benefit cost | $ | 31 |  |  | $ | 55 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 23 |  |  | $ | 21 |
| Six Months Ended |
| U.S. Pension Plans |  | International Pension Plans |  | Postretirement Healthcare Plans |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |
Service cost | $ | 223 |  |  | $ | 249 |  |  | $ | 20 |  |  | $ | 20 |  |  | $ | 14 |  |  | $ | 13 |  |
Other retirement plans expense (income): |  |  |  |  |  |  |  |  |  |  |  |
Interest cost | 757 |  |  | 724 |  |  | 24 |  |  | 22 |  |  | 33 |  |  | 32 |  |
Expected return on plan assets | (914) |  |  | (860) |  |  | (13) |  |  | (12) |  |  | — |  |  | — |  |
Amortization of prior service credit and other | (4) |  |  | (4) |  |  | — |  |  | 1 |  |  | (2) |  |  | (2) |  |
| (161) |  |  | (140) |  |  | 11 |  |  | 11 |  |  | 31 |  |  | 30 |  |
Net periodic benefit cost | $ | 62 |  |  | $ | 109 |  |  | $ | 31 |  |  | $ | 31 |  |  | $ | 45 |  |  | $ | 43 |  |
For 2026, 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 $200 million t o our U.S. Pension Plan during the six-month period ended November 30, 2025. We anticipate making $75 million of additional voluntary contributions for the remainder of fiscal 2026.

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