CREDIT FACILITIES AND BORROWINGS	12 Months Ended
May. 31, 2015
Debt Disclosure [Abstract]
CREDIT FACILITIES AND BORROWINGS	CREDIT FACILITIES AND BORROWINGS At May 31, 2015, we had a $1.50 billion multi-year revolving credit facility with a syndicate of financial institutions that matures in September 2018. The multi-year facility has historically been used principally as a back-up facility for our commercial paper program. As of May 31, 2015, there were no outstanding borrowings under the credit facility. Borrowings under the multi-year facility, based on our fiscal year-end credit rating, bear interest at 1.25% over LIBOR and may be prepaid without penalty. The multi-year revolving credit facility requires us to repay borrowings if our consolidated funded debt exceeds 65% of our consolidated capital base, or if our fixed charges coverage ratio is less than 1.75 to 1.0 on a four-quarter rolling basis. In the fourth quarter of fiscal 2015, the Company entered into an amendment to exclude certain goodwill and other intangible asset impairments from the calculation of the fixed charge coverage ratio. As of May 31, 2015, we were in compliance with all financial covenants in the facility. We finance our short-term liquidity needs with bank borrowings, commercial paper borrowings, and bankers’ acceptances. As of May 31, 2015, there were no outstanding borrowings under our commercial paper program. As of May 25, 2014, we had $137.0 million outstanding under our commercial paper program at an average weighted interest rate of 0.4%.

CREDIT FACILITIES AND BORROWINGS

At May 31, 2015, we had a $1.50 billion multi-year revolving credit facility with a syndicate of financial institutions that matures in September 2018. The multi-year facility has historically been used principally as a back-up facility for our commercial paper program. As of May 31, 2015, there were no outstanding borrowings under the credit facility. Borrowings under the multi-year facility, based on our fiscal year-end credit rating, bear interest at 1.25% over LIBOR and may be prepaid without penalty. The multi-year revolving credit facility requires us to repay borrowings if our consolidated funded debt exceeds 65% of our consolidated capital base, or if our fixed charges coverage ratio is less than 1.75 to 1.0 on a four-quarter rolling basis. In the fourth quarter of fiscal 2015, the Company entered into an amendment to exclude certain goodwill and other intangible asset impairments from the calculation of the fixed charge coverage ratio. As of May 31, 2015, we were in compliance with all financial covenants in the facility.

We finance our short-term liquidity needs with bank borrowings, commercial paper borrowings, and bankers’ acceptances. As of May 31, 2015, there were no outstanding borrowings under our commercial paper program. As of May 25, 2014, we had $137.0 million outstanding under our commercial paper program at an average weighted interest rate of 0.4%.