Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Aug. 31, 2013

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

(2)Accumulated Other Comprehensive Income (Loss)

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

		2013(1)		2012(1)
Foreign currency translation gain (loss):
	Balance at beginning of period	$	102	$	61
	Translation adjustments		(79)		43
	Balance at end of period		23		104
Retirement plans adjustments:
	Balance at beginning of period		(3,922)		(5,014)
	Reclassifications from AOCI		42		63
	Balance at end of period		(3,880)		(4,951)
Accumulated other comprehensive loss at end of period		$	(3,857)	$	(4,847)
(1)Amounts in parentheses indicate debits to AOCI.

The following table presents details of the reclassifications from AOCI for the three-month periods ended August 31 (in millions):

		Amount Reclassified from AOCI(1)				Affected Line Item in the Income Statement
		2013		2012
Retirement plans:
	Amortization of actuarial losses	$	(95)	$	(129)	Salaries and employee benefits
	Amortization of prior service credits		28		29	Salaries and employee benefits
Total before tax			(67)		(100)
	Income tax benefit		25		37	Provision for income taxes
AOCI reclassifications, net of tax		$	(42)	$	(63)	Net income
(1)Amounts in parentheses indicate debits to earnings.