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Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Feb. 28, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in Accumulated other comprehensive income, net of tax, for the three and nine months ended February 28, 2018 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at November 30, 2017
 
$
(177
)
 
$
(439
)
 
$
115

 
$
(86
)
 
$
(587
)
Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
51

 
(156
)
 
—

 
(15
)
 
(120
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
49

 
—

 
17

 
66

Total other comprehensive (loss) income
 
51

 
(107
)
 
—

 
2

 
(54
)
Reclassifications to retained earnings in accordance with ASU 2018-02(4)
 
24

 
(7
)
 
—

 
—

 
17

Balance at February 28, 2018
 
$
(102
)
 
$
(553
)
 
$
115

 
$
(84
)
 
$
(624
)
(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, $2 million, $0 million, $0 million and $2 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $1 million, $0 million, $1 million and $2 million, respectively.
(4)
Refer to Note 1 — Summary of Significant Accounting Policies for additional information on the adoption of ASU 2018-02 during the third quarter of fiscal 2018.
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2017
 
$
(191
)
 
$
(52
)
 
$
115

 
$
(85
)
 
$
(213
)
Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
65

 
(523
)
 
—

 
(35
)
 
(493
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
29

 
—

 
36

 
65

Total other comprehensive (loss) income
 
65

 
(494
)
 
—

 
1

 
(428
)
Reclassifications to retained earnings in accordance with ASU 2018-02(4)
 
24

 
(7
)
 
—

 
—

 
17

Balance at February 28, 2018
 
$
(102
)
 
$
(553
)
 
$
115

 
$
(84
)
 
$
(624
)
(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 $(23) million, $1 million, $0 million, $0 million and $(22) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(2) million, $0 million, $1 million and $(1) million, respectively.
(4)
Refer to Note 1 — Summary of Significant Accounting Policies for additional information on the adoption of ASU 2018-02 during the third quarter of fiscal 2018.
The changes in Accumulated other comprehensive income, net of tax, for the three and nine months ended February 28, 2017 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at November 30, 2016
 
$
(218
)
 
$
546

 
$
115

 
$
(44
)
 
$
399

Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
13

 
2

 
—

 
—

 
15

Reclassifications to net income of previously deferred (gains) losses(3)
 
(1
)
 
(177
)
 
—

 
(7
)
 
(185
)
Total other comprehensive (loss) income
 
12

 
(175
)
 
—

 
(7
)
 
(170
)
Balance at February 28, 2017
 
$
(206
)
 
$
371

 
$
115

 
$
(51
)
 
$
229

(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, $1 million, $0 million, $(1) million and $0 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(1) 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, 2016
 
$
(207
)
 
$
463

 
$
115

 
$
(53
)
 
$
318

Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
2

 
406

 
—

 
18

 
426

Reclassifications to net income of previously deferred (gains) losses(3)
 
(1
)
 
(498
)
 
—

 
(16
)
 
(515
)
Total other comprehensive (loss) income
 
1

 
(92
)
 
—

 
2

 
(89
)
Balance at February 28, 2017
 
$
(206
)
 
$
371

 
$
115

 
$
(51
)
 
$
229

(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, $23 million, $0 million, $0 million and $23 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $1 million and $(2) million, respectively.
Reclassification out of Accumulated Other Comprehensive Income
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
 
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
 
 
Three Months Ended February 28,
 
Nine Months Ended February 28,
 
(In millions)
 
2018
 
2017
 
2018
 
2017
 
Gains (losses) on foreign currency translation adjustment
 
$
—

 
$
1

 
$
—

 
$
1

 
Other (income) expense, net
Total before tax
 
—

 
1

 
—

 
1

 
 
Tax (expense) benefit
 
—

 
—

 
—

 
—

 
 
Gain (loss) net of tax
 
—

 
1

 
—

 
1

 
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign exchange forwards and options
 
$
9

 
$
24

 
$
24

 
$
96

 
Revenues
Foreign exchange forwards and options
 
(41
)
 
87

 
(17
)
 
260

 
Cost of sales
Foreign exchange forwards and options
 
(15
)
 
67

 
(33
)
 
141

 
Other (income) expense, net
Interest rate swaps
 
(1
)
 
(2
)
 
(5
)
 
(2
)
 
Interest expense (income), net
Total before tax
 
(48
)
 
176

 
(31
)
 
495

 
 
Tax (expense) benefit
 
(1
)
 
1

 
2

 
3

 
 
Gain (loss) net of tax
 
(49
)
 
177

 
(29
)
 
498

 
 
Gains (losses) on other
 
(16
)
 
9

 
(35
)
 
17

 
Other (income) expense, net
Total before tax
 
(16
)
 
9

 
(35
)
 
17

 
 
Tax (expense) benefit
 
(1
)
 
(2
)
 
(1
)
 
(1
)
 
 
Gain (loss) net of tax
 
(17
)
 
7

 
(36
)
 
16

 
 
Total net gain (loss) reclassified for the period
 
$
(66
)
 
$
185

 
$
(65
)
 
$
515