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Accumulated Other Comprehensive Income
 6 Months Ended
Nov. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
NOTE 9 — Accumulated Other Comprehensive Income
The changes in Accumulated other comprehensive income, net of tax, for the three and six months ended November 30, 2014 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at August 31, 2014
 
$
11

 
$
167

 
$
95

 
$
(49
)
 
$
224

Other comprehensive gains (losses) before reclassifications(2)
 
(34
)
 
351

 
—

 
9

 
326

Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
(18
)
 
—

 
(7
)
 
(25
)
Other comprehensive income (loss)
 
(34
)
 
333

 
—

 
2

 
301

Balance at November 30, 2014
 
$
(23
)
 
$
500

 
$
95

 
$
(47
)
 
$
525

(1)
The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)
Net of tax benefit (expense) of $11 million, $(28) million, $0 million, $(1) million and $(18) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $2 million and $(1) million, respectively.
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2014
 
$
9

 
$
32

 
$
95

 
$
(51
)
 
$
85

Other comprehensive gains (losses) before reclassifications(2)
 
(32
)
 
470

 
—

 
14

 
452

Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
(2
)
 
—

 
(10
)
 
(12
)
Other comprehensive income (loss)
 
(32
)
 
468

 
—

 
4

 
440

Balance at November 30, 2014
 
$
(23
)
 
$
500

 
$
95

 
$
(47
)
 
$
525

(1)
The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)
Net of tax benefit (expense) of $0 million, $(27) million, $0 million, $(3) million and $(30) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(7) million, $0 million, $3 million and $(4) million, respectively.
The changes in Accumulated other comprehensive income, net of tax, for the three and six months ended November 30, 2013 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at August 31, 2013
 
$
10

 
$
128

 
$
95

 
$
(56
)
 
$
177

Other comprehensive gains (losses) before reclassifications(2)
 
14

 
(85
)
 
—

 
(2
)
 
(73
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
(15
)
 
—

 
1

 
(14
)
Other comprehensive income (loss)
 
14

 
(100
)
 
—

 
(1
)
 
(87
)
Balance at November 30, 2013
 
$
24

 
$
28

 
$
95

 
$
(57
)
 
$
90

(1)
The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)
Net of tax benefit (expense) of $0 million, $9 million, $0 million, $0 million and $9 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $5 million, $0 million, $0 million and $5 million, respectively.
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2013
 
$
41

 
$
193

 
$
95

 
$
(55
)
 
$
274

Other comprehensive gains (losses) before reclassifications(2)
 
(17
)
 
(120
)
 
—

 
(4
)
 
(141
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
(45
)
 
—

 
2

 
(43
)
Other comprehensive income (loss)
 
(17
)
 
(165
)
 
—

 
(2
)
 
(184
)
Balance at November 30, 2013
 
$
24

 
$
28

 
$
95

 
$
(57
)
 
$
90

(1)
The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)
Net of tax benefit (expense) of $0 million, $7 million, $0 million, $0 million and $7 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $10 million, $0 million, $0 million and $10 million, respectively.
The following table summarizes the reclassifications from Accumulated other comprehensive income to the Unaudited Condensed Consolidated Statements of Income:
 
 
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
 
 
 
 
Three Months Ended November 30,
 
Six Months Ended November 30,
 
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
(In millions)
 
2014
 
2013
 
2014
 
2013
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign exchange forwards and options
 
$
(19
)
 
$
7

 
$
(36
)
 
$
21

 
Revenue
Foreign exchange forwards and options
 
21

 
7

 
13

 
23

 
Cost of sales
Foreign exchange forwards and options
 
—

 
—

 
—

 
—

 
Total selling and administrative expense
Foreign exchange forwards and options
 
13

 
6

 
18

 
11

 
Other expense (income), net
Total before tax
 
15

 
20

 
(5
)
 
55

 
 
Tax benefit (expense)
 
3

 
(5
)
 
7

 
(10
)
 
 
Gain net of tax
 
18

 
15

 
2

 
45

 
 
Gains (losses) on other
 
9

 
(1
)
 
13

 
(2
)
 
Other expense (income), net
Total before tax
 
9

 
(1
)
 
13

 
(2
)
 
 
Tax (expense)
 
(2
)
 
—

 
(3
)
 
—

 
 
Gain (loss) net of tax
 
7

 
(1
)
 
10

 
(2
)
 
 
Total net gain reclassified for the period
 
$
25

 
$
14

 
$
12

 
$
43