Accumulated Other Comprehensive Loss

3 Months Ended

Aug. 31, 2020

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive Loss

(3) Accumulated Other Comprehensive Loss

The following table provides changes in accumulated other comprehensive income (“AOCI”), net of tax, reported in our unaudited condensed consolidated financial statements for the three-month periods ended August 31 (in millions; amounts in parentheses indicate debits to AOCI):

	2020			2019
Foreign currency translation loss:
Balance at beginning of period	$	(1,207	)	$	(954	)
Translation adjustments		129			(83	)
Reclassification to retained earnings due to the adoption of ASU 2018-02		—			1
Balance at end of period		(1,078	)		(1,036	)
Retirement plans adjustments:
Balance at beginning of period		60			89
Reclassifications from AOCI		(2	)		(21	)
Reclassification to retained earnings due to the adoption of ASU 2018-02		—			50
Balance at end of period		58			118
Accumulated other comprehensive (loss) at end of period	$	(1,020	)	$	(918	)

The following table presents details of the reclassifications from AOCI for the three-month periods ended August 31 (in millions; amounts in parentheses indicate debits to earnings):

	Amount Reclassified from AOCI						Affected Line Item in the Income Statement
	2020			2019
Amortization of retirement plans    prior service credits, before tax	$	3		$	27		Other retirement plans (expense) income
Income tax benefit		(1	)		(6	)	Provision for income taxes
AOCI reclassifications, net of tax	$	2		$	21		Net income