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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
May 31, 2014
Accumulated Other Comprehensive Income (Loss) Net Of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)

NOTE 9: ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 

The following table provides changes in accumulated other comprehensive income (loss) (“AOCI”), net of tax, reported in our financial statements for the years ended May 31 (in millions; amounts in parentheses indicate debits to AOCI):

   2014 2013 2012
Foreign currency translation gain (loss): $  $  $ 
 Balance at beginning of period   102   61   156
 Translation adjustments   (25)   41   (95)
 Balance at end of period   77   102   61
Retirement plans adjustments:         
 Balance at beginning of period   (3,922)   (5,014)   (2,706)
 Net (loss) gain and other arising during period   (11)   861   (2,432)
 Reclassifications from AOCI   162   231   124
 Balance at end of period   (3,771)   (3,922)   (5,014)
Accumulated other comprehensive loss at end of period $ (3,694) $ (3,820) $ (4,953)

The following table presents details of the reclassifications from AOCI for the years ended May 31 (in millions; amounts in parentheses indicate debits to earnings):

   Amount Reclassified from Affected Line Item in the 
   AOCI Income Statement 
   2014 2013 2012   
Retirement plans:            
 Amortization of actuarial losses and other $ (382) $ (516) $ (310) Salaries and employee benefits 
 Amortization of prior service credits   115   114   113 Salaries and employee benefits 
Total before tax   (267)   (402)   (197)   
 Income tax benefit   105   171   73 Provision for income taxes 
AOCI reclassifications, net of tax $ (162) $ (231) $ (124) Net income