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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Nov. 30, 2020
Derivative Instrument Detail [Abstract] |
Fair Values of Derivative Instruments Designated as Hedges in Condensed Consolidated Balance Sheets |
|  |  |  | Fair Value as of |
(in millions) |  | Balance Sheet Location |  | November 30, 2020 |  |  | May 31, 2020 |
Derivative assets: |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements designated as fair value hedges |  | Other current assets |  | $ | 17 |  |  | $ | — |
Cross-currency interest rate swap agreements designated as fair value hedges |  | Other non-current assets |  |  | 55 |  |  |  | — |
Interest rate swap agreements designated as fair value hedges |  | Other non-current assets |  |  | — |  |  |  | 29 |
Total derivative assets |  |  |  | $ | 72 |  |  | $ | 29 |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |
Cross-currency swap agreements designated as cash flow hedges |  | Other current liabilities |  | $ | 137 |  |  | $ | 251 |
Cross-currency interest rate swap agreements designated as fair value hedges |  | Other non-current liabilities |  |  | — |  |  |  | 17 |
Total derivative liabilities |  |  |  | $ | 137 |  |  | $ | 268 |
Effects of Fair Value Hedging Relationships on Hedged Items in Condensed Consolidated Balance Sheets |
(in millions) |  | November 30, 2020 |  |  | May 31, 2020 |
Notes payable, current: |  |  |  |  |  |  |  |
Carrying amount of hedged item |  | $ | 1,517 |  |  | $ | — |
Cumulative hedging adjustment included in the carrying amount |  | $ | 17 |  |  | $ | — |
Notes payable and other borrowings, non-current: |  |  |  |  |  |  |  |
Carrying amounts of hedged items |  | $ | 2,217 |  |  | $ | 3,680 |
Cumulative hedging adjustments included in the carrying amount |  | $ | 111 |  |  | $ | 75 |
Effects of Derivative Instruments Designated as Hedges on Income |
|  | Three Months Ended November 30, |
|  | 2020 |  |  | 2019 |
(in millions) |  | Non-operating (expenses) income, net |  |  | Interest expense |  |  | Non-operating (expenses) income, net |  |  | Interest expense |
Condensed consolidated statements of operations line amounts in which the hedge effects were recorded |  | $ | (11 | ) |  | $ | (600 | ) |  | $ | 92 |  |  | $ | (465 | )
Gain (loss) on hedges recognized in income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  | $ | — |  |  | $ | (7 | ) |  | $ | — |  |  | $ | (4 | )
Hedged items |  |  | — |  |  |  | 7 |  |  |  | — |  |  |  | 4 |
Cross-currency interest rate swap agreements designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  |  | (2 | ) |  |  | 2 |  |  |  | 5 |  |  |  | (16 | )
Hedged items |  |  | 1 |  |  |  | (2 | ) |  |  | (3 | ) |  |  | 16 |
Cross-currency swap agreements designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from accumulated OCI |  |  | 12 |  |  |  | — |  |  |  | (10 | ) |  |  | — |
Total gain (loss) on hedges recognized in income |  | $ | 11 |  |  | $ | — |  |  | $ | (8 | ) |  | $ | — |
|  | Six Months Ended November 30, |
|  | 2020 |  |  | 2019 |
(in millions) |  | Non-operating (expenses) income, net |  |  | Interest expense |  |  | Non-operating (expenses) income, net |  |  | Interest expense |
Condensed consolidated statements of operations line amounts in which the hedge effects were recorded |  | $ | (13 | ) |  | $ | (1,214 | ) |  | $ | 191 |  |  | $ | (959 | )
Gain (loss) on hedges recognized in income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  | $ | — |  |  | $ | (12 | ) |  | $ | — |  |  | $ | 12 |
Hedged items |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | (12 | )
Cross-currency interest rate swap agreements designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  |  | 70 |  |  |  | 4 |  |  |  | (13 | ) |  |  | 7 |
Hedged items |  |  | (62 | ) |  |  | (4 | ) |  |  | 12 |  |  |  | (7 | )
Cross-currency swap agreements designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from accumulated OCI |  |  | 115 |  |  |  | — |  |  |  | (18 | ) |  |  | — |
Total gain (loss) on hedges recognized in income |  | $ | 123 |  |  | $ | — |  |  | $ | (19 | ) |  | $ | — |
Effects of Derivative Instruments Designated as Hedges on Other Comprehensive Income (OCI) or Loss (OCL) |
|  | Three Months Ended November 30, |  |  | Six Months Ended November 30, |
(in millions) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Cross-currency swap agreements designated as cash flow hedges |  | $ | 6 |  |  | $ | (2 | ) |  | $ | 114 |  |  | $ | (34 | )

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and non-derivative instruments that are designated and qualify as fair value hedging instruments), and carrying value and location of its hedged liability reported in the statement of financial position. + References No definition available. + Details
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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
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