Retirement Plans (Tables)

12 Months Ended

May 31, 2013

	2013		2012		2011
U.S. domestic and international pension plans	$	679	$	524	$	543
U.S. domestic and international defined contribution plans		354		338		257
U.S. domestic and international postretirement healthcare plans		78		70		60

	$	1,111	$	932	$	860

Weighted-average actuarial assumptions for our primary U.S. retirement plans, which represent substantially all of our PBO and accumulated postretirement benefit obligation ("APBO"), are as follows:
		Pension Plans						Postretirement Healthcare Plans
		2013		2012		2011		2013		2012		2011

Discount rate used to determine benefit obligation		4.79	%	4.44	%	5.76	%	4.91	%	4.55	%	5.67	%
Discount rate used to determine net periodic benefit cost		4.44		5.76		6.37		4.55		5.67		6.11
Rate of increase in future compensation levels
	used to determine benefit obligation	4.54		4.62		4.58		-		-		-
Rate of increase in future compensation levels
	used to determine net periodic benefit cost	4.62		4.58		4.63		-		-		-
Expected long-term rate of return on assets		8.00		8.00		8.00		-		-		-

		Plan Assets at Measurement Date
		2013
						Target		Quoted Prices in Active Markets		Other Observable Inputs		Unobservable Inputs
Asset Class		Fair Value		Actual %		Range %		Level 1		Level 2		Level 3
Cash and cash equivalents		$	456	2	%	0 - 5	%	$	15	$	441
Equities						35 - 55
	U.S. large cap equity		5,264	28					37		5,227
	U.S. SMID cap equity		1,741	9					1,741
	International equities		2,271	12					1,904		367
	Private equities		332	2								$	332
Fixed income securities						45 - 65
	Corporate		4,972	26							4,972
	Government		3,888	20							3,888
	Mortgage backed and other		200	1							200
Other			(77)	-					(83)		6
		$	19,047	100	%			$	3,614	$	15,101	$	332

		2012
						Target		Quoted Prices in Active Markets		Other Observable Inputs		Unobservable Inputs
Asset Class		Fair Value		Actual %		Range %		Level 1		Level 2		Level 3
Cash and cash equivalents		$	618	4	%	0 - 3	%	$	8	$	610
Equities						45 - 55
	U.S. large cap equity		4,248	25					9		4,239
	U.S. SMID cap equity		1,368	8					1,368
	International equities		1,657	10					1,395		262
	Private equities		402	2								$	402
Fixed income securities						45 - 55
	Corporate		4,565	27							4,565
	Government		4,175	24							4,175
	Mortgage backed and other		59	-							59
Other			(79)	-					(85)		6
		$	17,013	100	%			$	2,695	$	13,916	$	402

		2013		2012
Balance at beginning of year		$	402	$	403
Actual return on plan assets:
	Assets held during current year		(29)		3
	Assets sold during the year		55		38
Purchases, sales and settlements			(96)		(42)

Balance at end of the year		$	332	$	402

			Pension Plans				Postretirement Healthcare Plans
			2013		2012		2013		2012
Accumulated Benefit Obligation ("ABO")			$	21,958	$	21,556
Changes in Projected Benefit Obligation ("PBO") and
	Accumulated Postretirement Benefit Obligation ("APBO")
PBO/APBO at the beginning of year			$	22,187	$	17,372	$	790	$	648
	Service cost			692		593		42		35
	Interest cost			968		976		36		36
	Actuarial loss (gain)			(652)		3,789		(17)		98
	Benefits paid			(589)		(502)		(54)		(51)
	Other			(6)		(41)		31		24
PBO/APBO at the end of year			$	22,600	$	22,187	$	828	$	790

Change in Plan Assets
Fair value of plan assets at the beginning of year			$	17,334	$	15,841	$	-	$	-
	Actual return on plan assets			2,081		1,235		-		-
	Company contributions			615		780		27		27
	Benefits paid			(589)		(502)		(54)		(51)
	Other			(8)		(20)		27		24
Fair value of plan assets at the end of year			$	19,433	$	17,334	$	-	$	-

Funded Status of the Plans			$	(3,167)	$	(4,853)	$	(828)	$	(790)

Amount Recognized in the Balance Sheet at May 31:
	Current pension, postretirement healthcare and other
		benefit obligations	$	(48)	$	(35)	$	(39)	$	(33)
	Noncurrent pension, postretirement healthcare and other
		benefit obligations		(3,119)		(4,818)		(789)		(757)
Net amount recognized			$	(3,167)	$	(4,853)	$	(828)	$	(790)

Amounts Recognized in AOCI and not yet reflected in
	Net Periodic Benefit Cost:
		Net actuarial loss (gain)	$	6,993	$	8,866	$	(4)	$	13
		Prior service (credit) cost and other		(781)		(897)		2		2
Total			$	6,212	$	7,969	$	(2)	$	15

Amounts Recognized in AOCI and not yet reflected in
	Net Periodic Benefit Cost expected to be amortized in
	next year's Net Periodic Benefit Cost:
		Net actuarial loss (gain)	$	378	$	516	$	-	$	-
		Prior service credit and other		(114)		(114)		-		-
Total			$	264	$	402	$	-	$	-

Our pension plans included the following components at May 31, 2013 and 2012 (in millions):

		PBO		Fair Value of Plan Assets		Funded Status

2013
	Qualified	$	21,532	$	19,047	$	(2,485)
	Nonqualified		322		-		(322)
	International Plans		746		386		(360)
	Total	$	22,600	$	19,433	$	(3,167)

2012
	Qualified	$	21,192	$	17,013	$	(4,179)
	Nonqualified		355		-		(355)
	International Plans		640		321		(319)
	Total	$	22,187	$	17,334	$	(4,853)

		PBO Exceeds the Fair Value of Plan Assets
		2013		2012

Pension Benefits
	Fair value of plan assets	$	19,433	$	17,334
	PBO		(22,600)		(22,187)
	Net funded status	$	(3,167)	$	(4,853)

		ABO Exceeds the Fair Value of Plan Assets
		2013		2012

Pension Benefits
	ABO⁽¹⁾	$	(21,930)	$	(21,555)

	Fair value of plan assets		19,404		17,333
	PBO		(22,570)		(22,185)
	Net funded status	$	(3,166)	$	(4,852)

(1)ABO not used in determination of funded status.

	Pension Plans						Postretirement Healthcare Plans
	2013		2012		2011		2013		2012		2011

Service cost	$	692	$	593	$	521	$	42	$	35	$	31
Interest cost		968		976		900		36		36		34
Expected return on plan assets		(1,383)		(1,240)		(1,062)		-		-		-
Recognized actuarial losses (gains) and other		402		195		184		-		(1)		(5)
Net periodic benefit cost	$	679	$	524	$	543	$	78	$	70	$	60

Amounts recognized in OCI for all plans were as follows (in millions):

			2013								2012
			Pension Plans				Postretirement Healthcare Plans				Pension Plans				Postretirement Healthcare Plans
			Gross Amount		Net of Tax Amount		Gross Amount		Net of Tax Amount		Gross Amount		Net of Tax Amount		Gross Amount		Net of Tax Amount

Net (gain) loss and other
	arising during period		$	(1,350)	$	(840)	$	(17)	$	(21)	$	3,777	$	2,371	$	97	$	61

Amortizations:
	Prior services credit			114		66		-		-		113		71		-		-
	Actuarial (losses) gains
		and other		(516)		(297)		-		-		(311)		(195)		1		-
Total recognized in OCI			$	(1,752)	$	(1,071)	$	(17)	$	(21)	$	3,579	$	2,247	$	98	$	61

Benefit payments, which reflect expected future service, are expected to be paid as follows for the years ending May 31 (millions):

	Pension Plans		Postretirement Healthcare Plans
2014	$	821	$	39
2015		956		42
2016		896		44
2017		961		45
2018		1,049		47
2019-2023		6,974		274