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Short-Term Borrowings and Credit Lines (Tables)
12 Months Ended
May 31, 2019
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes payable and interest-bearing accounts payable to Sojitz Corporation of America (“Sojitz America”) as of May 31, 2019 and 2018 are summarized below:
 
AS OF MAY 31,
 
2019
 
2018
(Dollars in millions)
BORROWINGS

INTEREST RATE
 
BORROWINGS

INTEREST RATE
Notes payable:
 
 
 
 
 
 
 
Commercial paper
$

0.00
%
 
 
$
325

1.77
%
 
U.S. operations
2

0.00
%
(1) 
 
1

0.00
%
(1) 
Non-U.S. operations
7

26.00
%
(1) 
 
10

18.11
%
(1) 
TOTAL NOTES PAYABLE
$
9

 
 
 
$
336

 
 
Interest-bearing accounts payable:
 
 
 
 
 
 
 
Sojitz America
$
75

3.27
%
 
 
$
61

2.82
%
 
(1)
Weighted average interest rate includes non-interest bearing overdrafts.