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RESTRUCTURING ACTIVITIES | 3 Months Ended
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Aug. 31, 2024
Restructuring and Related Activities [Abstract] |
RESTRUCTURING ACTIVITIES | 3. RESTRUCTURING ACTIVITIES Fiscal 2024 Oracle Restructuring Plan During fiscal 2024, our management approved, committed to and initiated plans to restructure and further improve efficiencies in our operations due to our acquisitions and certain other operational activities (2024 Restructuring Plan). The total estimated restructuring costs associated with the 2024 Restructuring Plan are up to $635 million and will be recorded to the restructuring expense line item within our condensed consolidated statements of operations as they are incurred through the end of the plan. We recorded $76 million and $153 million of restructuring expenses in connection with the 2024 Restructuring Plan during the three months ended August 31, 2024 and 2023, respectively. Any changes to the estimates of executing the 2024 Restructuring Plan will be reflected in our future results of operations. Summary of All Plans
|  | Accrued |  |  | Three Months Ended August 31, 2024 |  |  | Accrued |  |  | Total Costs |  |  | Total Expected |
(in millions) |  | May 31, 2024(2) |  |  | Initial Costs(3) |  |  | Adj. to Cost(4) |  |  | Cash Payments |  |  | Others(5) |  |  | August 31, 2024(2) |  |  | Accrued to Date |  |  | Program Costs |
2024 Restructuring Plan(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cloud and license |  | $ | 87 |  |  | $ | 40 |  |  | $ | (2 | ) |  | $ | (33 | ) |  | $ | 1 |  |  | $ | 93 |  |  | $ | 233 |  |  | $ | 255 |
Hardware |  |  | 4 |  |  |  | 2 |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | 4 |  |  |  | 11 |  |  |  | 17 |
Services |  |  | 12 |  |  |  | 5 |  |  |  | — |  |  |  | (6 | ) |  |  | — |  |  |  | 11 |  |  |  | 50 |  |  |  | 106 |
Other |  |  | 49 |  |  |  | 34 |  |  |  | (3 | ) |  |  | (33 | ) |  |  | — |  |  |  | 47 |  |  |  | 214 |  |  |  | 257 |
Total 2024 Restructuring Plan |  | $ | 152 |  |  | $ | 81 |  |  | $ | (5 | ) |  | $ | (74 | ) |  | $ | 1 |  |  | $ | 155 |  |  | $ | 508 |  |  | $ | 635 |
Total other restructuring plans(6) |  | $ | 84 |  |  | $ | — |  |  | $ | (3 | ) |  | $ | (11 | ) |  | $ | 2 |  |  | $ | 72 |  |  |  |  |  |  |
Total restructuring plans |  | $ | 236 |  |  | $ | 81 |  |  | $ | (8 | ) |  | $ | (85 | ) |  | $ | 3 |  |  | $ | 227 |  |  |  |  |  |  |
(1) Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs. (2) As of August 31, 2024 and May 31, 2024, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed consolidated balance sheets. (3) Costs recorded for the respective restructuring plans during the period presented. (4) All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments. (5) Represents foreign currency translation and certain other non-cash adjustments. (6) Other restructuring plans presented in the tables above included condensed information for other Oracle based plans and other plans associated with certain of our acquisitions whereby we continued to make cash outlays to settle obligations under these plans during the periods presented but for which the periodic impact to our condensed consolidated statements of operations was not significant.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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