XML 17 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Aug. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in Accumulated other comprehensive income, net of tax, were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2014
 
$
9

 
$
32

 
$
95

 
$
(51
)
 
$
85

Other comprehensive gains (losses) before reclassifications(2)
 
2

 
119

 
—

 
5

 
126

Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
16

 
—

 
(3
)
 
13

Other comprehensive income (loss)
 
2

 
135

 
—

 
2

 
139

Balance at August 31, 2014
 
$
11

 
$
167

 
$
95

 
$
(49
)
 
$
224

(1)
The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)
Net of tax benefit (expense) of $(11) million, $1 million, $0 million, $(2) million, and $(12) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(4) million, $0 million, $1 million, and $(3) million, respectively.
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2013
 
$
41

 
$
193

 
$
95

 
$
(55
)
 
$
274

Other comprehensive gains (losses) before reclassifications(2)
 
(31
)
 
(35
)
 
—

 
(2
)
 
(68
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
(30
)
 
—

 
1

 
(29
)
Other comprehensive income (loss)
 
(31
)
 
(65
)
 
—

 
(1
)
 
(97
)
Balance at August 31, 2013
 
$
10

 
$
128

 
$
95

 
$
(56
)
 
$
177

(1)
The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)
Net of tax benefit (expense) of $0 million, $(2) million, $0 million, $0 million, and $(2) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $5 million, $0 million, $0 million, and $5 million, respectively.
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the reclassifications from Accumulated other comprehensive income to the Unaudited Condensed Consolidated Statements of Income:
 
 
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
 
 
 
 
Three Months Ended August 31,
 
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
(In millions)
 
2014
 
2013
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
Foreign exchange forwards and options
 
$
(17
)
 
$
14

 
Revenue
Foreign exchange forwards and options
 
(8
)
 
16

 
Cost of sales
Foreign exchange forwards and options
 
—

 
—

 
Total selling and administrative expense
Foreign exchange forwards and options
 
5

 
5

 
Other expense (income), net
Total before tax
 
(20
)
 
35

 
 
Tax benefit (expense)
 
4

 
(5
)
 
 
(Loss) gain net of tax
 
(16
)
 
30

 
 
Gains (losses) on other
 
4

 
(1
)
 
Other expense (income), net
Total before tax
 
4

 
(1
)
 
 
Tax (expense)
 
(1
)
 
—

 
 
Gain (loss) net of tax
 
3

 
(1
)
 
 
Total net (loss) gain reclassified for the period
 
$
(13
)
 
$
29