Long Term Debt and Other Financing Arrangements (Tables)

12 Months Ended

May 31, 2024

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, 2024, are as follows (in millions):

				May 31,
				2024		2023
	Interest Rate %		Maturity
Senior secured debt:
		1.875	2034	$	780	$	831
Senior unsecured debt:
		3.25	2026		748		748
		3.40	2028		498		497
		4.20	2029		398		398
	3.10-4.25		2030		1,739		1,737
		2.40	2031		992		991
		4.90	2034		497		496
		3.90	2035		495		495
		3.25	2041		740		740
	3.875-4.10		2043		986		985
		5.10	2044		743		743
		4.10	2045		642		641
	4.55-4.75		2046		2,464		2,463
		4.40	2047		737		736
		4.05	2048		987		987
		4.95	2049		836		836
		5.25	2050		1,227		1,226
		4.50	2065		246		246
		7.60	2098		237		237
Euro senior unsecured debt:
		0.45	2026		542		537
		1.625	2027		1,353		1,341
		0.45	2029		647		641
		1.30	2032		539		534
		0.95	2033		699		693
Total senior unsecured debt					18,992		18,948
Finance lease obligations					431		800
					20,203		20,579
Less current portion					68		126
				$	20,135	$	20,453

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
2025	$	52
2026		1,344
2027		1,409
2028		552
2029		1,103
Thereafter		15,517
Subtotal		19,977
Discount and debt issuance costs		(205	)
Total debt	$	19,772