v2.4.0.6
Fair Value Measurements (Tables)
 12 Months Ended
May 31, 2012
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of May 31, 2012 and 2011 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. Refer to Note 1 – Summary of Significant Accounting Policies for additional detail regarding the Company’s fair value measurement methodology.

 

    May 31, 2012
   

Fair Value

Measurements Using

     Assets/Liabilities
at Fair Value		      
(In millions)   Level 1     Level 2     Level 3       Balance Sheet Classification
ASSETS                                    
Derivatives:                                    

Foreign exchange forwards and options

   $ 0      $ 265      $ 0      $ 265      Other current assets and other long-term assets

Embedded derivatives

     0        1        0        1      Other current assets

Interest rate swap contracts

     0        15        0        15      Other current assets and other long-term assets
Total derivatives     0        281        0        281       
Available-for-sale securities:                                    

U.S. Treasury securities

     226        0        0        226      Cash and equivalents

U.S. Agency securities

     0        254        0        254      Cash and equivalents

Commercial paper and bonds

     0        159        0        159      Cash and equivalents

Money market funds

     0        770        0        770      Cash and equivalents

U.S. Treasury securities

     927        0        0        927      Short-term investments

U.S. Agency securities

     0        230        0        230      Short-term investments

Commercial paper and bonds

     0        283        0        283      Short-term investments

Non-marketable preferred stock

     0        0        3        3      Other long-term assets
Total available-for-sale securities     1,153        1,696        3        2,852       
TOTAL ASSETS   $   1,153      $   1,977      $ 3      $ 3,133       
LIABILITIES                                    
Derivatives:                                    
Foreign exchange forwards and options   $ 0      $ 55      $ 0      $ 55      Accrued liabilities and other long-term liabilities
TOTAL LIABILITIES   $ 0      $ 55      $ 0      $ 55       

 

    May 31, 2011  
   

Fair Value

Measurements Using

     Assets / Liabilities
at Fair Value		        
(In millions)     Level 1       Level 2       Level 3       Balance Sheet Classification  

ASSETS

                                        
Derivatives:          

Foreign exchange forwards and options

   $ 0      $ 38      $ 0      $ 38        Other current assets and other long-term assets   

Interest rate swap contracts

     0        15        0        15        Other current assets and other long-term assets   
Total derivatives     0        53        0        53     
Available-for-sale securities:          

U.S. Treasury securities

     125        0        0        125        Cash and equivalents   

Commercial paper and bonds

     0        157        0        157        Cash and equivalents   

Money market funds

     0        780        0        780        Cash and equivalents   

U.S. Treasury securities

     1,473        0        0        1,473        Short-term investments   

U.S. Agency securities

     0        308        0        308        Short-term investments   

Commercial paper and bonds

     0        802        0        802        Short-term investments   
Total available-for-sale securities     1,598        2,047        0        3,645           
TOTAL ASSETS   $ 1,598      $ 2,100      $ —      $ 3,698           
LIABILITIES          
Derivatives:          

Foreign exchange forwards and options

   $ 0      $ 197      $ 0      $ 197        Accrued liabilities and other long-term liabilities   
TOTAL LIABILITIES   $ 0      $ 197      $ 0      $ 197           
Available-for-sale Securities

Short-term investments classified as available-for-sale consist of the following at fair value:

 

    As of May 31,  
(In millions)                            2012                              2011  
Available-for-sale investments:          

U.S. treasury and agencies

   $ 1,157      $ 1,781   

Commercial paper and bonds

     283        802   
TOTAL AVAILABLE-FOR-SALE INVESTMENTS   $ 1,440      $ 2,583