Accumulated Other Comprehensive Loss

6 Months Ended

Nov. 30, 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 periods ended November 30 (in millions; amounts in parentheses indicate debits to AOCI):

	Three Months Ended						Six Months Ended
	2022			2021			2022			2021
Foreign currency translation loss:
Balance at beginning of period	$	(1,357	)	$	(932	)	$	(1,148	)	$	(785	)
Translation adjustments		(70	)		(94	)		(279	)		(241	)
Balance at end of period		(1,427	)		(1,026	)		(1,427	)		(1,026	)
Retirement plans adjustments:
Balance at beginning of period		43			51			45			53
Reclassifications from AOCI		(1	)		(2	)		(3	)		(4	)
Balance at end of period		42			49			42			49
Accumulated other comprehensive (loss) at end of period	$	(1,385	)	$	(977	)	$	(1,385	)	$	(977	)

The following table presents details of the reclassifications from AOCI for the periods ended November 30 (in millions; amounts in parentheses indicate debits to earnings):

	Amount Reclassified from AOCI												Affected Line Item in the Income Statement
	Three Months Ended						Six Months Ended
	2022			2021			2022			2021
Amortization of retirement plans    prior service credits, before tax	$	2		$	3		$	4		$	5		Other retirement plans, net
Income tax benefit		(1	)		(1	)		(1	)		(1	)	Provision for income taxes
AOCI reclassifications, net of tax	$	1		$	2		$	3		$	4		Net income