Accumulated Other Comprehensive Income

12 Months Ended

May 31, 2019

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive Income

NOTE 9: ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table provides changes in AOCI, net of tax, reported in the consolidated financial statements for the years ended May 31 (in millions; amounts in parentheses indicate debits to AOCI):

	2019			2018			2017
Foreign currency translation loss:
Balance at beginning of period	$	(759	)	$	(685	)	$	(514	)
Translation adjustments		(195	)		(74	)		(171	)
Balance at end of period		(954	)		(759	)		(685	)
Retirement plans adjustments:
Balance at beginning of period		181			270			345
Prior service credit and other arising during period		—			(4	)		1
Reclassifications from AOCI		(92	)		(85	)		(76	)
Balance at end of period		89			181			270
Accumulated other comprehensive loss at end of period	$	(865	)	$	(578	)	$	(415	)

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 AOCI									Affected Line Item in the Income Statement
	2019			2018			2017
Amortization of retirement plans prior service    credits, before tax	$	120		$	121		$	120		Salaries and employee benefits
Income tax benefit		(28	)		(36	)		(44	)	Provision for income taxes
AOCI reclassifications, net of tax	$	92		$	85		$	76		Net income