Discontinued Operations (Tables)

6 Months Ended

Nov. 30, 2012

Schedule of Discontinued Operations included in Consolidated Financial Statements

Summarized results of the Company’s results from discontinued operations are as follows:


	Three Months Ended November 30,						Six Months Ended November 30,
(In millions)	2012			2011			2012			2011
Revenues	$	186		$	185		$	381		$	373
Loss before income taxes		(220	)		(14	)		(238	)		(33	)
Income tax benefit		83			3			83			6
Net loss from discontinued operations	$	(137	)	$	(11	)	$	(155	)	$	(27	)

Assets And Liabilities Held-for-Sale

Schedule of Discontinued Operations included in Consolidated Financial Statements

As of November 30, 2012 and May 31, 2012, the aggregate components of assets and liabilities classified as discontinued operations and included in current assets and current liabilities consisted of the following:


	November 30,		May 31,
(In millions)	2012		2012
Accounts Receivable, net	$	129	$	148
Inventories		130		128
Deferred income taxes and other assets		32		35
Property, plant and equipment, net		53		70
Identifiable intangible assets, net		0		234
TOTAL ASSETS	$	344	$	615
Accounts Payable		39		42
Accrued liabilities		127		112
Deferred income taxes and other liabilities		32		33
TOTAL LIABILITIES	$	198	$	187

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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