Accumulated Other Comprehensive Loss

3 Months Ended

Aug. 31, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

(3) Accumulated Other Comprehensive Loss

The following table provides changes in accumulated other comprehensive income (“AOCI”), net of tax, reported in our unaudited condensed consolidated financial statements for the three-month periods ended August 31 (in millions; amounts in parentheses indicate debits to AOCI):

	2022			2021
Foreign currency translation loss:
Balance at beginning of period	$	(1,148	)	$	(785	)
Translation adjustments		(209	)		(147	)
Balance at end of period		(1,357	)		(932	)
Retirement plans adjustments:
Balance at beginning of period		45			53
Reclassifications from AOCI		(2	)		(2	)
Balance at end of period		43			51
Accumulated other comprehensive (loss) at end of period	$	(1,314	)	$	(881	)

The following table presents details of the reclassifications from AOCI for the three-month periods ended August 31 (in millions; amounts in parentheses indicate debits to earnings):

	Amount Reclassified from AOCI				Affected Line Item in the Income Statement
	2022		2021
Amortization of retirement plans    prior service credits, before tax	$	2	$	2	Other retirement plans income
Income tax benefit		—		—	Provision for income taxes
AOCI reclassifications, net of tax	$	2	$	2	Net income