NOTE 5 — Accrued Liabilities
Accrued liabilities
included the following:
|
|
|
|
|
|
|
|
|
| |
|
May 31, |
|
|
(In
millions) |
|
2012 |
|
|
2011 |
|
| Compensation and benefits, excluding taxes |
|
$ |
711 |
|
|
$ |
628 |
|
| Endorsement compensation |
|
|
294 |
|
|
|
284 |
|
| Taxes other than income taxes |
|
|
179 |
|
|
|
214 |
|
| Dividends payable |
|
|
165 |
|
|
|
145 |
|
| Import and logistics costs |
|
|
133 |
|
|
|
98 |
|
| Advertising and marketing |
|
|
132 |
|
|
|
139 |
|
| Fair value of derivatives |
|
|
55 |
|
|
|
186 |
|
| Other(1) |
|
|
384 |
|
|
|
291 |
|
|
|
|
$ |
2,053 |
|
|
$ |
1,985 |
|
| (1) |
Other consists of various accrued expenses with no
individual item accounting for more than 5% of the balance at
May 31, 2012 and 2011.
|
|