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Pension Plans (Tables) | 9 Months Ended
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Feb. 29, 2024
Retirement Benefits [Abstract] |
Retirement-Related Benefit Plans' Impact on Income Before Income Taxes | The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three- and nine-month periods ended February 29, 2024 and February 28, 2023:
| U.S. Plans |  | Non-U.S. Plans |
| Three Months Ended |  | Three Months Ended |
(In thousands) | February 29, |  | February 28, |  | February 29, |  | February 28, |
Pension Benefits | 2024 |  | 2023 |  | 2024 |  | 2023 |
Service cost | $ | 10,913 |  | $ | 10,890 |  | $ | 887 |  | $ | 951 |
Interest cost |  | 8,992 |  |  | 7,173 |  |  | 1,935 |  |  | 1,728 |
Expected return on plan assets |  | (10,518 | ) |  | (9,536 | ) |  | (2,400 | ) |  | (1,727 | )
Amortization of: |  |  |  |  |  |  |  |
Prior service cost (credit) |  | 1 |  |  | - |  |  | (31 | ) |  | (27 | )
Net actuarial losses recognized |  | 4,205 |  |  | 4,487 |  |  | 209 |  |  | 125 |
Net Periodic Benefit Cost | $ | 13,593 |  | $ | 13,014 |  | $ | 600 |  | $ | 1,050 |
| U.S. Plans |  | Non-U.S. Plans |
| Three Months Ended |  | Three Months Ended |
(In thousands) | February 29, |  | February 28, |  | February 29, |  | February 28, |
Postretirement Benefits | 2024 |  | 2023 |  | 2024 |  | 2023 |
Service cost | $ | - |  | $ | - |  | $ | 569 |  | $ | 287 |
Interest cost |  | 22 |  |  | 21 |  |  | 390 |  |  | 368 |
Amortization of: |  |  |  |  |  |  |  |
Prior service (credit) |  | - |  |  | (30 | ) |  | - |  |  | - |
Net actuarial (gains) losses recognized |  | (4 | ) |  | 11 |  |  | (12 | ) |  | (14 | )
Net Periodic Benefit Cost | $ | 18 |  | $ | 2 |  | $ | 947 |  | $ | 641 |
| U.S. Plans |  | Non-U.S. Plans |
| Nine Months Ended |  | Nine Months Ended |
(In thousands) | February 29, |  | February 28, |  | February 29, |  | February 28, |
Pension Benefits | 2024 |  | 2023 |  | 2024 |  | 2023 |
Service cost | $ | 32,739 |  | $ | 32,670 |  | $ | 2,661 |  | $ | 2,853 |
Interest cost |  | 26,976 |  |  | 21,519 |  |  | 5,805 |  |  | 5,184 |
Expected return on plan assets |  | (31,554 | ) |  | (28,608 | ) |  | (7,200 | ) |  | (5,181 | )
Amortization of: |  |  |  |  |  |  |  |
Prior service cost (credit) |  | 3 |  |  | - |  |  | (93 | ) |  | (81 | )
Net actuarial losses recognized |  | 12,615 |  |  | 13,461 |  |  | 627 |  |  | 375 |
Net Periodic Benefit Cost | $ | 40,779 |  | $ | 39,042 |  | $ | 1,800 |  | $ | 3,150 |
| U.S. Plans |  | Non-U.S. Plans |
| Nine Months Ended |  | Nine Months Ended |
(In thousands) | February 29, |  | February 28, |  | February 29, |  | February 28, |
Postretirement Benefits | 2024 |  | 2023 |  | 2024 |  | 2023 |
Service cost | $ | - |  | $ | - |  | $ | 1,707 |  | $ | 861 |
Interest cost |  | 66 |  |  | 63 |  |  | 1,170 |  |  | 1,104 |
Amortization of: |  |  |  |  |  |  |  |
Prior service (credit) |  | - |  |  | (90 | ) |  | - |  |  | - |
Net actuarial (gains) losses recognized |  | (12 | ) |  | 33 |  |  | (36 | ) |  | (42 | )
Net Periodic Benefit Cost | $ | 54 |  | $ | 6 |  | $ | 2,841 |  | $ | 1,923 |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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