v3.20.4
Retirement Plans (Tables)
 9 Months Ended
Feb. 28, 2021
Retirement Plan Tables [Abstract]  
Schedule of Retirement Plan Costs

Our retirement plans costs for the periods ended February 28, 2021 and February 29, 2020 were as follows (in millions):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Defined benefit pension plans, net

 

$

20

 

 

$

38

 

 

$

72

 

 

$

112

 

Defined contribution plans

 

 

182

 

 

 

147

 

 

 

493

 

 

 

425

 

Postretirement healthcare plans

 

 

21

 

 

 

21

 

 

 

62

 

 

 

64

 

Retirement plan mark-to-market (“MTM”) net loss

 

 

—

 

 

 

—

 

 

 

52

 

 

 

—

 

 

 

$

223

 

 

$

206

 

 

$

679

 

 

$

601

 
Schedule of Net Periodic Benefit Cost

Net periodic benefit cost of the pension and postretirement healthcare plans for the periods ended February 28, 2021 and February 29, 2020 included the following components (in millions):

 

 

 

Three Months Ended

 

 

 

U.S. Pension Plans

 

 

International Pension Plans

 

 

Postretirement Healthcare Plans

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

213

 

 

$

192

 

 

$

19

 

 

$

25

 

 

$

11

 

 

$

10

 

Other retirement plans (income) expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Interest cost

 

 

240

 

 

 

250

 

 

 

10

 

 

 

11

 

 

 

10

 

 

 

11

 

    Expected return on plan assets

 

 

(447

)

 

 

(400

)

 

 

(13

)

 

 

(13

)

 

 

—

 

 

 

—

 

   Amortization of prior service credit and other

 

 

(2

)

 

 

(26

)

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

 

(209

)

 

 

(176

)

 

 

(3

)

 

 

(3

)

 

 

10

 

 

 

11

 

 

 

$

4

 

 

$

16

 

 

$

16

 

 

$

22

 

 

$

21

 

 

$

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

U.S. Pension Plans

 

 

International Pension Plans

 

 

Postretirement Healthcare Plans

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

638

 

 

$

576

 

 

$

68

 

 

$

73

 

 

$

33

 

 

$

31

 

Other retirement plans (income) expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Interest cost

 

 

719

 

 

 

750

 

 

 

31

 

 

 

33

 

 

 

29

 

 

 

33

 

    Expected return on plan assets

 

 

(1,339

)

 

 

(1,201

)

 

 

(38

)

 

 

(39

)

 

 

—

 

 

 

—

 

   Amortization of prior service credit and other

 

 

(6

)

 

 

(78

)

 

 

(1

)

 

 

(2

)

 

 

—

 

 

 

—

 

   MTM net loss

 

 

—

 

 

 

—

 

 

 

52

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

(626

)

 

 

(529

)

 

 

44

 

 

 

(8

)

 

 

29

 

 

 

33

 

 

 

$

12

 

 

$

47

 

 

$

112

 

 

$

65

 

 

$

62

 

 

$

64