XML 119 R41.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

May 31, 2014

Schedule of Components of the Provision for Income Taxes

			2014		2013		2012
Current provision (benefit)
	Domestic:
		Federal	$	624	$	512	$	(120)
		State and local		56		86		80
	Foreign			194		170		181
				874		768		141
Deferred provision (benefit)
	Domestic:
		Federal		238		175		947
		State and local		62		(7)		21
	Foreign			18		(42)		-
				318		126		968
			$	1,192	$	894	$	1,109

Schedule of Reconciliation of the Statutory Federal Income Tax Rate to the Effective Income Tax Rate

			2014		2013		2012
Statutory U.S. income tax rate			35.0	%	35.0	%	35.0	%
Increase (decrease) resulting from:

	State and local income taxes,
		net of federal benefit	2.3		2.1		2.1
	Other, net		(1.0)		(0.7)		(1.8)
Effective tax rate			36.3	%	36.4	%	35.3	%

Schedule of Significant Components of Deferred Tax Assets and Liabilities

		2014				2013
		Deferred Tax Assets		Deferred Tax Liabilities		Deferred Tax Assets		Deferred Tax Liabilities
Property, equipment,
	leases and intangibles	$	120	$	3,730	$	157	$	3,676
Employee benefits			1,464		11		1,771		11
Self-insurance accruals			555		-		533		-
Other			292		290		251		238
Net operating loss/credit
	carryforwards		333		-		298		-
Valuation allowances			(245)		-		(204)		-
		$	2,519	$	4,031	$	2,806	$	3,925

Schedule of Net Deferred Tax Liabilities

	2014		2013
Current deferred tax assets	$	522	$	533
Noncurrent deferred tax assets⁽¹⁾		80		-
Noncurrent deferred tax liabilities		(2,114)		(1,652)
	$	(1,512)	$	(1,119)

^⁽¹⁾Noncurrent deferred tax assets are included in the line item Other Assets in our Consolidated Balance Sheet.

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

		2014		2013		2012

Balance at beginning of year		$	47	$	51	$	69
	Increases for tax positions taken in the current year		1		1		2
	Increases for tax positions taken in prior years		3		3		4
	Decreases for tax positions taken in prior years		(3)		(3)		(35)
	Settlements		(6)		(9)		(3)
	Increases due to acquisitions		-		4		15
	Decrease from lapse of statute of limitations		(3)		(2)		-
	Changes due to currency translation		(1)		2		(1)

Balance at end of year		$	38	$	47	$	51

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details