Accumulated Other Comprehensive Income (Tables)

12 Months Ended

May 31, 2017

Accumulated Other Comprehensive Income Loss Tables [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides changes in accumulated other comprehensive income (loss) (“AOCI”), net of tax, reported in the consolidated financial statements for the years ended May 31 (in millions; amounts in parentheses indicate debits to AOCI):

	2017			2016			2015
Foreign currency translation gain (loss):
Balance at beginning of period	$	(514	)	$	(253	)	$	81
Translation adjustments		(171	)		(261	)		(334	)
Balance at end of period		(685	)		(514	)		(253	)
Retirement plans adjustments:
Balance at beginning of period		345			425			425
Prior service credit and other arising during period		1			(4	)		72
Reclassifications from AOCI		(76	)		(76	)		(72	)
Balance at end of period		270			345			425
Accumulated other comprehensive (loss) income at end of period	$	(415	)	$	(169	)	$	172

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

The following table presents details of the reclassifications from AOCI for the years ended May 31 (in millions; amounts in parentheses indicate debits to earnings):

	Amount Reclassified from AOCI									Affected Line Item in the Income Statement
	2017			2016			2015
Amortization of retirement plans prior service    credits, before tax	$	120		$	121		$	115		Salaries and employee benefits
Income tax benefit		(44	)		(45	)		(43	)	Provision for income taxes
AOCI reclassifications, net of tax	$	76		$	76		$	72		Net income