v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Nov. 30, 2011
Net income $ 384 $ 469 $ 951 $ 1,114
Other comprehensive income (loss), net of tax:        
Foreign currency translation and other 6 [1] (146) [1] 30 [1] (133) [1]
Net (loss) gain on cash flow hedges (14) [2] 195 [2] (49) [2] 161 [2]
Net gain on net investment hedges 0 [3] 31 [3] 0 [3] 25 [3]
Reclassification to net income of previously deferred (gains) losses related to hedge derivative instruments (47) [4] 30 [4] (74) [4] 67 [4]
Release of cumulative translation loss related to Umbro(Note 10) 82 [5] 0 [5] 82 [5] 0 [5]
Total other comprehensive income (loss), net of tax 27 110 (11) 120
TOTAL COMPREHENSIVE INCOME $ 411 $ 579 $ 940 $ 1,234
[1] Net of tax (expense) benefit of $(16) million, $68 million, $(16) million and $66 million, respectively.
[2] Net of tax (expense) benefit of $(3) million, $(14) million, $2 million and $(10) million, respectively.
[3] Net of tax (expense) of $0 million, $(15) million, $0 million and $(12) million, respectively.
[4] Net of tax (benefit) of $(1) million, $(5) million, $(2) million and $(12) million, respectively.
[5] Net of tax (benefit) of $(47) million, $0 million, $(47) million and $0 million, respectively.