XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.25.2

Employee Benefit and Retirement Plans | 6 Months Ended
--- | ---
May 31, 2025
Retirement Benefits [Abstract] |
Employee Benefit and Retirement Plans | EMPLOYEE BENEFIT AND RETIREMENT PLANS We sponsor defined benefit pension plans in the U.S. and certain foreign locations. Additionally, we sponsor defined contribution plans in the U.S. and contribute to defined contribution plans in various locations outside the U.S., including government-sponsored retirement plans. Moreover, we provide postretirement medical and life insurance benefits to certain U.S. employees and retirees. We previously froze the accrual of future benefits under certain defined benefit pension plans in the U.S. and certain foreign locations. Although our defined benefit plans in the U.S., United Kingdom, and Canada have generally been frozen, employees who are participants in the plans retained benefits accumulated up to the date of the freeze, based on credited service and eligible earnings, in accordance with the terms of the plans. The following table presents the components of our pension (income) and other postretirement benefits expense for the three and six months ended May 31, 2025 and 2024 (in millions):
| United States pension |  | International pension |  | Other postretirement benefits
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Three months ended May 31, |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.2 |
Interest costs | 8.9 |  |  | 9.3 |  |  | 2.5 |  |  | 2.6 |  |  | 0.6 |  |  | 0.6 |
Expected return on plan assets | (9.3) |  |  | (9.9) |  |  | (3.5) |  |  | (4.0) |  |  | — |  |  | — |
Amortization of prior service costs | 0.1 |  |  | 0.1 |  |  | 0.1 |  |  | — |  |  | — |  |  | (0.1) |
Amortization of net actuarial losses (gains) | 0.3 |  |  | (0.1) |  |  | (0.1) |  |  | (0.1) |  |  | (0.7) |  |  | (0.7) |
Total (income) expense | $ | 0.4 |  |  | $ | (0.2) |  |  | $ | (0.9) |  |  | $ | (1.3) |  |  | $ | 0.1 |  |  | $ | — |
Six months ended May 31, |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 0.8 |  |  | $ | 0.8 |  |  | $ | 0.3 |  |  | $ | 0.3 |  |  | $ | 0.4 |  |  | $ | 0.4 |
Interest costs | 17.8 |  |  | 18.6 |  |  | 5.0 |  |  | 5.3 |  |  | 1.1 |  |  | 1.2 |
Expected return on plan assets | (18.6) |  |  | (19.8) |  |  | (7.0) |  |  | (8.0) |  |  | — |  |  | — |
Amortization of prior service costs | 0.2 |  |  | 0.2 |  |  | 0.1 |  |  | — |  |  | (0.1) |  |  | (0.2) |
Amortization of net actuarial losses (gains) | 0.6 |  |  | (0.2) |  |  | (0.1) |  |  | (0.1) |  |  | (1.3) |  |  | (1.3) |
Total (income) expense | $ | 0.8 |  |  | $ | (0.4) |  |  | $ | (1.7) |  |  | $ | (2.5) |  |  | $ | 0.1 |  |  | $ | 0.1 |
During the six months ended May 31, 2025 and 2024, we contributed $3.7 million and $3.5 million, respectively, to our pension plans. Total contributions to our pension plans in fiscal year 2024 were $10.0 million. All of the amounts in the tables above for pension (income) and other postretirement benefits expense, other than service cost, were included in other income, net within our consolidated income statements. The net aggregate amount of pension and other postretirement benefits income, excluding service cost components, was $(1.1) million and $(2.3) million for the three months ended May 31, 2025 and 2024, respectively, and $(2.3) million and $(4.3) million for the six months ended May 31, 2025 and 2024, respectively.

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