| | | | NOTE 3 — ACCRUED LIABILITIES |
Accrued liabilities included the following: | | | | | | | | | | MAY 31, | (Dollars in millions) | 2025 | 2024 | | Sales-related reserves | $ | 1,834 | | $ | 1,282 | | | Compensation and benefits, excluding taxes | 1,245 | | 1,291 | | | Dividends payable | 598 | | 563 | | | Endorsement compensation | 481 | | 578 | | | Other | 1,753 | | 2,011 | | | TOTAL ACCRUED LIABILITIES | $ | 5,911 | | $ | 5,725 | |
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