|
NOTE 9: ACCUMULATED OTHER COMPREHENSIVE INCOME
The following table provides changes in AOCI, net of tax, reported in the consolidated financial statements for the years ended May 31 (in millions; amounts in parentheses indicate debits to AOCI):
|
|
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
Foreign currency translation loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
(759 |
) |
|
$ |
(685 |
) |
|
$ |
(514 |
) |
|
Translation adjustments |
|
|
(195 |
) |
|
|
(74 |
) |
|
|
(171 |
) |
|
Balance at end of period |
|
|
(954 |
) |
|
|
(759 |
) |
|
|
(685 |
) |
|
Retirement plans adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
|
181 |
|
|
|
270 |
|
|
|
345 |
|
|
Prior service credit and other arising during period |
|
|
— |
|
|
|
(4 |
) |
|
|
1 |
|
|
Reclassifications from AOCI |
|
|
(92 |
) |
|
|
(85 |
) |
|
|
(76 |
) |
|
Balance at end of period |
|
|
89 |
|
|
|
181 |
|
|
|
270 |
|
|
Accumulated other comprehensive loss at end of period |
|
$ |
(865 |
) |
|
$ |
(578 |
) |
|
$ |
(415 |
) |
The following table presents details of the reclassifications from AOCI for the years ended May 31 (in millions; amounts in parentheses indicate debits to earnings):
|
|
|
Amount Reclassified from
AOCI |
|
|
Affected Line Item in the
Income Statement |
|
|
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
|
|
Amortization of retirement plans prior service
credits, before tax |
|
$ |
120 |
|
|
$ |
121 |
|
|
$ |
120 |
|
|
Salaries and employee benefits |
|
Income tax benefit |
|
|
(28 |
) |
|
|
(36 |
) |
|
|
(44 |
) |
|
Provision for income taxes |
|
AOCI reclassifications, net of tax |
|
$ |
92 |
|
|
$ |
85 |
|
|
$ |
76 |
|
|
Net income |
|