Accumulated Other Comprehensive Income

12 Months Ended

May. 31, 2015

Accumulated Other Comprehensive Income Net Of Tax [Abstract]

Accumulated Other Comprehensive Income

NOTE 9:ACCUMULATED OTHER COMPREHENSIVE INCOME

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

		2015		2014		2013
Foreign currency translation gain (loss):
	Balance at beginning of period	$	81	$	106	$	65
	Translation adjustments		(334)		(25)		41
	Balance at end of period		(253)		81		106
Retirement plans adjustments:
	Balance at beginning of period		425		501		564
	Prior service credit and other arising during period		72		1		-
	Reclassifications from AOCI		(72)		(77)		(63)
	Balance at end of period		425		425		501
Accumulated other comprehensive income at end of period		$	172	$	506	$	607

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
		2015		2014		2013
Retirement plans:
	Amortization of prior service credits	$	115	$	115	$	114	Salaries and employee benefits
Total before tax			115		115		114
	Income tax expense		(43)		(38)		(51)	Provision for income taxes
AOCI reclassifications, net of tax		$	72	$	77	$	63	Net income