DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

May 31, 2019

Derivative Instrument Detail [Abstract]

Fair Values of Derivative Instruments Designated as Hedges in Consolidated Balance Sheets

				Fair Value as of May 31,
(in millions)		Balance Sheet Location		2019				2018
Derivative assets:
Interest rate swap agreements designated as fair value hedges		Other non-current assets		$	5			$	24
Cross-currency interest rate swap agreements designated as fair value hedges		Other non-current assets			—				5
Total derivative assets				$	5			$	29
Derivative liabilities:
Interest rate swap agreements designated as fair value hedges		Other current liabilities		$	5			$	7
Interest rate swap agreements designated as fair value hedges		Other non-current liabilities			—				48
Cross-currency interest rate swap agreements designated as fair value hedges		Other non-current liabilities			17				—
Cross-currency swap agreements designated as cash flow hedges		Other non-current liabilities			208				103
Total derivative liabilities				$	230			$	158

Effects of Fair Value Hedging Relationships on Hedged Items in Consolidated Balance Sheets

		May 31,
(in millions)		2019				2018
Notes payable and other borrowings, current:
Carrying amount of hedged item		$	1,994			$	1,492
Cumulative hedging adjustments included in the carrying amount			(5	)			(7	)
Notes payable and other borrowings, non-current:
Carrying amounts of hedged items			3,652				5,584
Cumulative hedging adjustments included in the carrying amount			44				(19	)

Effects of Derivative Instruments Designated as Hedges on Income

		Year Ended May 31,
		2019								2018								2017
(in millions)		Non-operating income, net				Interest expense				Non-operating income, net				Interest expense				Non-operating income, net				Interest expense
Consolidated statements of income line amounts in which the hedge effects were recorded		$	815			$	(2,082	)		$	1,185			$	(2,025	)		$	565			$	(1,798	)
Gain (loss) on hedges recognized in income:
Interest rate swaps designated as fair value hedges:
Derivative instruments		$	—			$	31			$	—			$	(66	)		$	—			$	(82	)
Hedged items			—				(31	)			—				66				—				82
Cross-currency interest rate swaps designated as fair value hedges:
Derivative instruments			(38	)			27				—				—				—				—
Hedged items			38				(27	)			—				—				—				—
Cross-currency swap agreements designated as cash flow hedges:
Amount of gain (loss) reclassified from accumulated OCI or OCL			(53	)			—				51				—				2				—
Total gain (loss) on hedges recognized in income		$	(53	)		$	—			$	51			$	—			$	2			$	—

Effects of Derivative Instruments Designated as Hedges on Other Comprehensive Income (OCI) or Loss (OCL)

		Year Ended May 31,
(in millions)		2019				2018				2017
Cross-currency swap agreements designated as cash flow hedges		$	(105	)		$	88			$	27