Long Term Debt and Other Financing Arrangements (Tables)

12 Months Ended

May 31, 2023

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, 2023, are as follows (in millions):

				May 31,
				2023		2022
	Interest Rate %		Maturity
Senior secured debt:
		1.875	2034	$	831	$	881
Senior unsecured debt:
		3.25	2026		748		747
		3.40	2028		497		497
		4.20	2029		398		397
	3.10-4.25		2030		1,737		1,735
		2.40	2031		991		990
		4.90	2034		496		496
		3.90	2035		495		495
		3.25	2041		740		740
	3.875-4.10		2043		985		985
		5.10	2044		743		742
		4.10	2045		641		641
	4.55-4.75		2046		2,463		2,462
		4.40	2047		736		736
		4.05	2048		987		987
		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		537		533
		1.625	2027		1,341		1,332
		0.45	2029		641		637
		1.30	2032		534		530
		0.95	2033		693		688
Total senior unsecured debt					18,948		18,915
Finance lease obligations					800		468
					20,579		20,264
Less current portion					126		82
				$	20,453	$	20,182

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
2024	$	52
2025		52
2026		1,340
2027		1,398
2028		552
Thereafter		16,606
Subtotal		20,000
Discount and debt issuance costs		(221	)
Total debt	$	19,779