Long Term Debt and Other Financing Arrangements (Tables)

12 Months Ended

May 31, 2022

Long Term Debt Tables [Abstract]

Components of Long-term Debt (Net of Discounts and Debt Issuance Costs)

The components of long-term debt (net of discounts and debt issuance costs), along with maturity dates for the years subsequent to May 31, 2022, are as follows (in millions):

				May 31,
				2022		2021
	Interest Rate %		Maturity
Senior secured debt:
		1.875	2034	$	881	$	932
Senior unsecured debt:
		3.25	2026		747		746
		3.40	2028		497		496
		4.20	2029		397		397
	3.10-4.25		2030		1,735		1,733
		2.40	2031		990		989
		4.90	2034		496		496
		3.90	2035		495		494
		3.25	2041		740		739
	3.875-4.10		2043		985		985
		5.10	2044		742		742
		4.10	2045		641		641
	4.55-4.75		2046		2,462		2,461
		4.40	2047		736		736
		4.05	2048		987		986
		4.95	2049		836		836
		5.25	2050		1,226		1,226
		4.50	2065		246		246
		7.60	2098		237		237
Euro senior unsecured debt:
		0.45	2026		533		607
		1.625	2027		1,332		1,516
		0.45	2029		637		725
		1.30	2032		530		604
		0.95	2033		688		784
Total senior unsecured debt					18,915		19,422
Finance lease obligations					468		525
					20,264		20,879
Less current portion					82		146
				$	20,182	$	20,733

Scheduled Principal Payments on Long-Term Debt Maturities

The following table sets forth the future scheduled principal payments due by fiscal year on our long-term debt (in millions):

	Debt Principal
2023	$	52
2024		52
2025		52
2026		1,337
2027		1,391
Thereafter		17,147
Subtotal		20,031
Discount and debt issuance costs		(235	)
Total debt	$	19,796