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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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May 31, 2019
Employee Benefits And Share Based Compensation [Abstract] |
Summary of Restricted Stock Based Award Activity |
|  | Restricted Stock-Based Awards Outstanding |
(in millions, except fair value) |  | Number of Shares |  |  | Weighted-Average Grant Date Fair Value |
Balance, May 31, 2016 |  |  | 52 |  |  | $ | 39.29 |
Granted |  |  | 42 |  |  | $ | 39.40 |
Assumed |  |  | 14 |  |  | $ | 37.83 |
Vested and Issued |  |  | (18 | ) |  | $ | 40.39 |
Canceled |  |  | (7 | ) |  | $ | 39.73 |
Balance, May 31, 2017 |  |  | 83 |  |  | $ | 39.18 |
Granted |  |  | 44 |  |  | $ | 47.42 |
Vested and Issued |  |  | (27 | ) |  | $ | 39.10 |
Canceled |  |  | (11 | ) |  | $ | 41.97 |
Balance, May 31, 2018 |  |  | 89 |  |  | $ | 42.93 |
Granted |  |  | 53 |  |  | $ | 42.47 |
Vested and Issued |  |  | (31 | ) |  | $ | 41.85 |
Canceled |  |  | (12 | ) |  | $ | 42.97 |
Balance, May 31, 2019 |  |  | 99 |  |  | $ | 43.01 |
Summary of Stock Option Activity |
|  | Options Outstanding |
(in millions, except exercise price) |  | Shares Under Stock Option |  |  | Weighted-Average Exercise Price |
Balance, May 31, 2016 |  |  | 375 |  |  | $ | 29.66 |
Granted(1) |  |  | 18 |  |  | $ | 40.90 |
Assumed |  |  | 2 |  |  | $ | 13.06 |
Exercised |  |  | (77 | ) |  | $ | 26.65 |
Canceled |  |  | (6 | ) |  | $ | 36.28 |
Balance, May 31, 2017 |  |  | 312 |  |  | $ | 29.02 |
Granted(2) |  |  | 77 |  |  | $ | 50.95 |
Exercised |  |  | (78 | ) |  | $ | 28.78 |
Canceled |  |  | (7 | ) |  | $ | 45.70 |
Balance, May 31, 2018 |  |  | 304 |  |  | $ | 36.11 |
Granted |  |  | 7 |  |  | $ | 43.47 |
Exercised |  |  | (72 | ) |  | $ | 28.32 |
Canceled |  |  | (17 | ) |  | $ | 49.28 |
Balance, May 31, 2019 |  |  | 222 |  |  | $ | 37.78 |
(1) | 6.75 million SOs were granted in total during fiscal 2017 to our Chief Executive Officers and Chief Technology Officer and have contractual lives of five years versus the ten-year contractual lives for most of the other SOs granted.
(2) | Awards granted in fiscal 2018 included 66.5 million PSOs granted in total to our Chief Executive Officers, Chief Technology Officer, and former President, Product Development, the contractual terms of which are described in greater detail above.
|  | Outstanding Stock Options (in millions) |  |  |  |  | Weighted-Average Exercise Price |  |  |  |  | Weighted-Average Remaining Contract Term (in years) |  |  |  |  | Aggregate Intrinsic Value(1) (in millions) |
Vested |  |  | 146 |  |  |  |  | $ | 32.13 |  |  |  |  |  | 3.32 |  |  |  |  | $ | 2,698 |
Expected to vest(2) |  |  | 42 |  |  |  |  | $ | 46.95 |  |  |  |  |  | 6.47 |  |  |  |  |  | 181 |
Total |  |  | 188 |  |  |  |  | $ | 35.45 |  |  |  |  |  | 4.02 |  |  |  |  | $ | 2,879 |
(1) | The aggregate intrinsic value was calculated based on the gross difference between our closing stock price on the last trading day of fiscal 2019 of $50.60 and the exercise prices for all “in-the-money” options outstanding, excluding tax effects.
(2) | The unrecognized compensation expense calculated under the fair value method for shares expected to vest (unvested shares net of expected forfeitures) as of May 31, 2019 was approximately $254 million and is expected to be recognized over a weighted-average period of 2.74 years. Approximately 34 million shares outstanding as of May 31, 2019 were not expected to vest.
Valuation of Stock Options |
|  | Year Ended May 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Expected life (in years) |  |  | 4.6 |  |  |  | 4.7 |  |  |  | 4.8 |
Risk-free interest rate |  | 2.7% |  |  | 2.0% |  |  | 1.0% |
Volatility |  | 24% |  |  | 22% |  |  | 23% |
Dividend yield |  | 1.7% |  |  | 1.5% |  |  | 1.5% |
Weighted-average fair value per share |  | $ | 10.77 |  |  | $ | 9.34 |  |  | $ | 8.18 |
Stock-Based Compensation Expense |
|  | Year Ended May 31, |
(in millions) |  | 2019 |  |  | 2018 |  |  | 2017 |
Cloud services and license support |  | $ | 99 |  |  | $ | 82 |  |  | $ | 54 |
Hardware |  |  | 10 |  |  |  | 10 |  |  |  | 11 |
Services |  |  | 49 |  |  |  | 52 |  |  |  | 44 |
Sales and marketing |  |  | 360 |  |  |  | 361 |  |  |  | 306 |
Research and development |  |  | 963 |  |  |  | 921 |  |  |  | 770 |
General and administrative |  |  | 172 |  |  |  | 180 |  |  |  | 130 |
Acquisition related and other |  |  | — |  |  |  | 1 |  |  |  | 35 |
Total stock-based compensation |  |  | 1,653 |  |  |  | 1,607 |  |  |  | 1,350 |
Estimated income tax benefit included in provision for income taxes |  |  | (358 | ) |  |  | (451 | ) |  |  | (423 | )
Total stock-based compensation, net of estimated income tax benefit |  | $ | 1,295 |  |  | $ | 1,156 |  |  | $ | 927 |

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