Accrued Liabilities

3 Months Ended

Aug. 31, 2016

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Note 3 — Accrued Liabilities

Accrued liabilities included the following:

	As of August 31,		As of May 31,
(In millions)	2016		2016
Compensation and benefits, excluding taxes	$	755	$	943
Endorsement compensation	399		393
Fair value of derivatives	331		162
Dividends payable	272		271
Taxes other than income taxes	216		159
Import and logistics costs	208		198
Advertising and marketing	175		119
Collateral received from counterparties to hedging instruments	—		105
Other(1)	791		687
TOTAL ACCRUED LIABILITIES	$	3,147	$	3,037

(1) Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at August 31, 2016 and May 31, 2016.