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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2017
May 31, 2017
Current assets:    
Cash and equivalents $ 3,413 $ 3,808
Short-term investments 2,106 2,371
Accounts receivable, net 3,871 3,677
Inventories 5,211 5,055
Prepaid expenses and other current assets 1,591 1,150
Total current assets 16,192 16,061
Property, plant and equipment, net 4,086 3,989
Identifiable intangible assets, net 283 283
Goodwill 139 139
Deferred income taxes and other assets 2,947 2,787
TOTAL ASSETS 23,647 23,259
Current liabilities:    
Current portion of long-term debt 7 6
Notes payable 335 325
Accounts payable 2,116 2,048
Accrued liabilities 3,501 3,011
Income taxes payable 97 84
Total current liabilities 6,056 5,474
Long-term debt 3,472 3,471
Deferred income taxes and other liabilities 2,126 1,907
Commitments and contingencies (Note 12)
Redeemable preferred stock 0 0
Shareholders’ equity:    
Capital in excess of stated value 8,817 8,638
Accumulated other comprehensive loss (586) (213)
Retained earnings 3,759 3,979
Total shareholders’ equity 11,993 12,407
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 23,647 23,259
Class A Convertible Common Stock    
Shareholders’ equity:    
Common stock at stated value: Class A convertible - 329 and 329 shares outstanding, Class B - 1,308 and 1,314 shares outstanding 0 0
Class B Common Stock    
Shareholders’ equity:    
Common stock at stated value: Class A convertible - 329 and 329 shares outstanding, Class B - 1,308 and 1,314 shares outstanding $ 3 $ 3