| Accumulated Other Comprehensive Income (Loss) |
NOTE K — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) consists of the following components:
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Pension And |
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Other |
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Foreign |
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Postretirement |
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Unrealized |
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Currency |
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Benefit |
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Unrealized |
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Gain (Loss) |
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Translation |
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Liability |
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Gain On |
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On |
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(In thousands) |
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Adjustments |
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Adjustments (1) |
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Derivatives |
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Securities |
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Total |
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Balance at May 31, 2023 |
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$ |
(465,375 |
) |
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$ |
(148,764 |
) |
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$ |
11,405 |
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$ |
(2,201 |
) |
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$ |
(604,935 |
) |
Current period comprehensive income |
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3,276 |
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66,592 |
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- |
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205 |
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70,073 |
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Income taxes associated with the current period |
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252 |
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(15,769 |
) |
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- |
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(56 |
) |
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(15,573 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
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- |
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17,416 |
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- |
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(165 |
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17,251 |
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Income taxes reclassified into earnings |
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- |
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(4,122 |
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- |
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16 |
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(4,106 |
) |
Balance at May 31, 2024 |
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(461,847 |
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(84,647 |
) |
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11,405 |
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(2,201 |
) |
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(537,290 |
) |
Current period comprehensive (loss) income |
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(5,505 |
) |
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6,872 |
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- |
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1,086 |
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2,453 |
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Income taxes associated with the current period |
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(1,260 |
) |
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(2,004 |
) |
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- |
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(116 |
) |
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(3,380 |
) |
Amounts reclassified from accumulated other comprehensive income (loss) |
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- |
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9,394 |
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- |
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(332 |
) |
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9,062 |
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Income taxes reclassified into earnings |
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(2,239 |
) |
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(2,276 |
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- |
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39 |
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(4,476 |
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Balance at May 31, 2025 |
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(470,851 |
) |
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(72,661 |
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11,405 |
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(1,524 |
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(533,631 |
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Current period comprehensive income |
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42,178 |
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51,562 |
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- |
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115 |
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93,855 |
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Income taxes associated with the current period |
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(155 |
) |
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(12,221 |
) |
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- |
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(14 |
) |
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(12,390 |
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Amounts reclassified from accumulated other comprehensive income (loss) |
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- |
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6,542 |
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- |
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(38 |
) |
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6,504 |
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Income taxes reclassified into earnings |
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- |
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(1,540 |
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- |
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2 |
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(1,538 |
) |
Balance at May 31, 2026 |
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$ |
(428,828 |
) |
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$ |
(28,318 |
) |
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$ |
11,405 |
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$ |
(1,459 |
) |
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$ |
(447,200 |
) |
(1)For additional information, see Note N, "Pension Plans," and Note O, "Postretirement Benefits," to the Consolidated Financial Statements for details. Amounts reclassified from accumulated other comprehensive income (loss) are included in pension non-service costs (credits) as a component of "Other (Income) Expense, Net" on the Consolidated Statements of Income. |