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Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
May 31, 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, were as follows:
(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 income (loss):
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
(6
)
 
(52
)
 
—

 
2

 
(56
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
128

 
—

 
32

 
160

Total other comprehensive income (loss)
 
(6
)
 
76

 
—

 
34

 
104

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

 
(7
)
 
—

 
—

 
17

Balance at May 31, 2018
 
$
(173
)
 
$
17

 
$
115

 
$
(51
)
 
$
(92
)
(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 $(24) million, $(3) million, $0 million, $(4) million and $(31) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $0 million and $(3) 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, 2016
 
$
(207
)
 
$
463

 
$
115

 
$
(53
)
 
$
318

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
15

 
118

 
—

 
(14
)
 
119

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

 
(633
)
 
—

 
(18
)
 
(650
)
Total other comprehensive income (loss)
 
16

 
(515
)
 
—

 
(32
)
 
(531
)
Balance at May 31, 2017
 
$
(191
)
 
$
(52
)
 
$
115

 
$
(85
)
 
$
(213
)
(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, $24 million, $0 million, $3 million and $27 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $(3) million and $(6) million, respectively.
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the reclassifications from Accumulated other comprehensive income to the 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
 
 
 
 
Year Ended May 31,
(In millions)
 
2018
 
2017
Gains (losses) on foreign currency translation adjustment
 
$
—

 
$
(1
)
Other expense (income), net
Total before tax
 
—

 
(1
)
 
Tax (expense) benefit
 
—

 
—

 
Gain (loss) net of tax
 
—

 
(1
)
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
Foreign exchange forwards and options
 
34

 
96

Revenues
Foreign exchange forwards and options
 
(90
)
 
339

Cost of sales
Foreign exchange forwards and options
 
1

 
—

Total selling and administrative expense
Foreign exchange forwards and options
 
(69
)
 
199

Other expense (income), net
Interest rate swaps
 
(7
)
 
(4
)
Interest expense (income), net
Total before tax
 
(131
)
 
630

 
Tax (expense) benefit
 
3

 
3

 
Gain (loss) net of tax
 
(128
)
 
633

 
Gains (losses) on other
 
(32
)
 
15

Other expense (income), net
Total before tax
 
(32
)
 
15

 
Tax (expense) benefit
 
—

 
3

 
Gain (loss) net of tax
 
(32
)
 
18

 
Total net gain (loss) reclassified for the period
 
$
(160
)
 
$
650