Accumulated Other Comprehensive Income (Tables)

12 Months Ended

May 31, 2021

Accumulated Other Comprehensive Income Loss Tables [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

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):

	2021			2020			2019
Foreign currency translation loss:
Balance at beginning of period	$	(1,207	)	$	(954	)	$	(759	)
Translation adjustments		422			(254	)		(195	)
Reclassification to retained earnings due to the adoption of ASU 2018-02		—			1			—
Balance at end of period		(785	)		(1,207	)		(954	)
Retirement plans adjustments:
Balance at beginning of period		60			89			181
Prior service cost (credit) arising during period		—			3			—
Reclassifications from AOCI		(7	)		(82	)		(92	)
Reclassification to retained earnings due to the adoption of ASU 2018-02		—			50			—
Balance at end of period		53			60			89
Accumulated other comprehensive loss at end of period	$	(732	)	$	(1,147	)	$	(865	)

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

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
	2021			2020			2019
Amortization of retirement plans prior service credits, before tax	$	10		$	107		$	120		Other retirement plans income (expense)
Income tax benefit		(3	)		(25	)		(28	)	Provision for income taxes
AOCI reclassifications, net of tax	$	7		$	82		$	92		Net income