NOTE 4 — Accrued
Liabilities
Accrued liabilities
included the following:
|
|
|
|
|
|
|
|
|
| |
|
November 30, |
|
|
May 31, |
|
|
(In
millions) |
|
2012 |
|
|
2012 |
|
|
Compensation and benefits, excluding
taxes
|
|
$ |
502 |
|
|
$ |
691 |
|
|
Taxes other than income
taxes
|
|
|
238 |
|
|
|
169 |
|
|
Endorsement compensation
|
|
|
212 |
|
|
|
288 |
|
|
Dividends payable
|
|
|
188 |
|
|
|
165 |
|
|
Advertising and marketing
|
|
|
137 |
|
|
|
94 |
|
|
Import and logistics costs
|
|
|
124 |
|
|
|
133 |
|
|
Fair value of derivatives
|
|
|
83 |
|
|
|
55 |
|
|
Other(1)
|
|
|
395 |
|
|
|
346 |
|
|
TOTAL ACCRUED
LIABILITIES
|
|
$ |
1,879 |
|
|
$ |
1,941 |
|
| (1) |
Other consists of various accrued expenses with no
individual item accounting for more than 5% of the balance at
November 30, 2012 and May 31, 2012.
|
|