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NOTES PAYABLE AND OTHER BORROWINGS Narrative Continued (Details) € in Millions, $ in Millions | 1 Months Ended |  |  |
--- | --- | --- | --- | ---
Jan. 31, 2016 USD ($) | Jul. 31, 2014 USD ($) | May 31, 2016 USD ($) | May 31, 2015 USD ($) | Jul. 10, 2013 EUR (€)
Senior Notes and Other [Line Items] |  |  |  |  |  |  |  |
Total debt issued |  |  |  | $ 44,241 |  |  |  |
Senior Notes | € |  |  |  |  |  |  |  | € 2,000
3.75% senior notes due July 2014 [Member] |  |  |  |  |  |  |  |
Senior Notes and Other [Line Items] |  |  |  |  |  |  |  |
Repayment of borrowings |  |  | $ 1,500 |  |  |  |  |
2.25% senior notes due October 2019 [Member] |  |  |  |  |  |  |  |
Senior Notes and Other [Line Items] |  |  |  |  |  |  |  |
Senior Notes | [1] |  |  | $ 2,000 |  | $ 2,000 |  |
Annual interest rate after the economic effect of the interest rate swaps |  |  |  | 1.11% |  | 0.76% |  |
2.80% senior notes due July 2021 [Member] |  |  |  |  |  |  |  |
Senior Notes and Other [Line Items] |  |  |  |  |  |  |  |
Senior Notes | [1] |  |  | $ 1,500 |  | $ 1,500 |  |
Annual interest rate after the economic effect of the interest rate swaps |  |  |  | 1.26% |  | 0.91% |  |
2.25% senior notes due January 2021 [Member] |  |  |  |  |  |  |  |
Senior Notes and Other [Line Items] |  |  |  |  |  |  |  |
Senior Notes |  |  |  | $ 1,394 | [2],[3] | $ 1,352 | [2],[3] | 1,250
Annual interest rate for the 2.25% notes due January 2021 after the economic effect of the cross-currency swaps |  |  |  | 3.53% |  |  |  |
Senior notes fixed principal amount |  |  |  | $ 1,600 |  |  |  |
3.125% senior notes due July 2025 [Member] |  |  |  |  |  |  |  |
Senior Notes and Other [Line Items] |  |  |  |  |  |  |  |
Senior Notes |  |  |  | 836 | [2],[4] | 810 | [2],[4] | € 750
2.375% senior notes due January 2019 [Member] |  |  |  |  |  |  |  |
Senior Notes and Other [Line Items] |  |  |  |  |  |  |  |
Senior Notes | [1] |  |  | $ 1,500 |  | $ 1,500 |  |
Annual interest rate after the economic effect of the interest rate swaps |  |  |  | 1.28% |  | 0.93% |  |
5.25% senior notes due January 2016 [Member] |  |  |  |  |  |  |  |
Senior Notes and Other [Line Items] |  |  |  |  |  |  |  |
Senior Notes |  |  |  |  |  | $ 2,000 |  |
Repayment of borrowings |  | $ 2,000 |  |  |  |  |  |
[1] | We have entered into certain interest rate swap agreements that have the economic effects of modifying the fixed-interest obligations associated with the 2.375% senior notes due January 2019 (January 2019 Notes), the 2.25% senior notes due October 2019 (October 2019 Notes) and the 2.80% senior notes due July 2021 (July 2021 Notes) so that the interest payable on these notes effectively became variable based on LIBOR. The effective interest rates after consideration of these fixed to variable interest rate swap agreements were 1.28% and 0.93% for the January 2019 Notes, 1.11% and 0.76% for the October 2019 Notes, and 1.26% and 0.91% for the July 2021 Notes as of May 31, 2016 and 2015, respectively. Refer to Notes 1 and 11 for a description of our accounting for fair value hedges.
[2] | In July 2013, we issued EUR 2.0 billion of fixed-rate senior notes comprised of EUR 1.25 billion of 2.25% senior notes due January 2021 (January 2021 Notes) and EUR 750 million of 3.125% senior notes due July 2025 (July 2025 Notes, and together with the January 2021 Notes, the Euro Notes). Principal and unamortized discount/issuance costs for the Euro Notes in the table above were calculated using foreign currency exchange rates as of May 31, 2016 and May 31, 2015, respectively. The Euro Notes are registered and trade on the New York Stock Exchange.
[3] | In connection with the issuance of the January 2021 Notes, we entered into certain cross-currency swap agreements that have the economic effect of converting our fixed-rate, Euro-denominated debt, including annual interest payments and the payment of principal at maturity, to a fixed-rate, U.S. Dollar-denominated debt of $1.6 billion with a fixed annual interest rate of 3.53% (see Note 11 for additional information).
[4] | We designated the July 2025 Notes as a net investment hedge of our investments in certain of our international subsidiaries that use the Euro as their functional currency in order to reduce the volatility in stockholders' equity caused by the changes in foreign currency exchange rates of the Euro with respect to the U.S. Dollar (see Note 11 for additional information).

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