Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Nov. 30, 2015

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 periods ended November 30(in millions; amounts in parentheses indicate debits to AOCI):

		Three Months Ended				Six Months Ended
		2015		2014		2015		2014
Foreign currency translation gain (loss):
	Balance at beginning of period	$	(391)	$	50	$	(253)	$	81
	Translation adjustments		(33)		(122)		(171)		(153)
	Balance at end of period		(424)		(72)		(424)		(72)
Retirement plans adjustments:
	Balance at beginning of period		401		409		425		425
	Reclassifications from AOCI		(18)		(18)		(42)		(34)
	Balance at end of period		383		391		383		391
Accumulated other comprehensive (loss)
	income at end of period	$	(41)	$	319	$	(41)	$	319

The following table presents details of the reclassifications from AOCI for the periods ended November 30(in millions; amounts in parentheses indicate debits to earnings):

		Amount Reclassified from								Affected Line Item in the
		AOCI								Income Statement
		Three Months Ended				Six Months Ended
		2015		2014		2015		2014
Amortization of retirement plans
	prior service credits, before tax	$	29	$	29	$	60	$	55	Salaries and employee benefits
Income tax benefit			(11)		(11)		(18)		(21)	Provision for income taxes
AOCI reclassifications, net of tax		$	18	$	18	$	42	$	34	Net income