Accumulated Other Comprehensive Income (Tables)

12 Months Ended

May 31, 2020

Accumulated Other Comprehensive Income Loss Tables [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

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):

	2020			2019			2018
Foreign currency translation loss:
Balance at beginning of period	$	(954	)	$	(759	)	$	(685	)
Translation adjustments		(254	)		(195	)		(74	)
Reclassification to retained earnings due to the adoption of ASU 2018-02		1			—			—
Balance at end of period		(1,207	)		(954	)		(759	)
Retirement plans adjustments:
Balance at beginning of period		89			181			270
Prior service cost (credit) arising during period		3			—			(4	)
Reclassifications from AOCI		(82	)		(92	)		(85	)
Reclassification to retained earnings due to the adoption of ASU 2018-02		50			—			—
Balance at end of period		60			89			181
Accumulated other comprehensive loss at end of period	$	(1,147	)	$	(865	)	$	(578	)

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

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
	2020			2019			2018
Amortization of retirement plans prior service    credits, before tax	$	107		$	120		$	121		Other retirement plans (expense) income
Income tax benefit		(25	)		(28	)		(36	)	Provision for income taxes
AOCI reclassifications, net of tax	$	82		$	92		$	85		Net income