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Fair Value Measurements (Tables) | 9 Months Ended
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Feb. 28, 2015
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables present information about the Company’s financial assets measured at fair value on a recurring basis as of February 28, 2015 and May 31, 2014, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement.
|  | As of February 28, 2015
(In millions) |  | Assets at Fair Value |  | Cash and Equivalents |  | Short-term Investments |  | Other Long-term Assets
Cash |  | $ | 778 |  |  | $ | 778 |  |  | $ | — |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |
U.S. Treasury securities |  | 1,017 |  |  | 75 |  |  | 942 |  |  | — |
Level 2: |  |  |  |  |  |  |  |
Time deposits |  | 341 |  |  | 341 |  |  | — |  |  | — |
U.S. Agency securities |  | 904 |  |  | 110 |  |  | 794 |  |  | — |
Commercial paper and bonds |  | 785 |  |  | 175 |  |  | 610 |  |  | — |
Money market funds |  | 1,536 |  |  | 1,536 |  |  | — |  |  | — |
Total Level 2: |  | 3,566 |  |  | 2,162 |  |  | 1,404 |  |  | — |
Level 3: |  |  |  |  |  |  |  |
Non-marketable preferred stock |  | 6 |  |  | — |  |  | — |  |  | 6 |
TOTAL |  | $ | 5,367 |  |  | $ | 3,015 |  |  | $ | 2,346 |  |  | $ | 6 |
|  | As of May 31, 2014
(In millions) |  | Assets at Fair Value |  | Cash and Equivalents |  | Short-term Investments |  | Other Long-term Assets
Cash |  | $ | 780 |  |  | $ | 780 |  |  | $ | — |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |
U.S. Treasury securities |  | 1,137 |  |  | 151 |  |  | 986 |  |  | — |
Level 2: |  |  |  |  |  |  |  |
Time deposits |  | 227 |  |  | 227 |  |  | — |  |  | — |
U.S. Agency securities |  | 1,027 |  |  | 25 |  |  | 1,002 |  |  | — |
Commercial paper and bonds |  | 959 |  |  | 25 |  |  | 934 |  |  | — |
Money market funds |  | 1,012 |  |  | 1,012 |  |  | — |  |  | — |
Total Level 2: |  | 3,225 |  |  | 1,289 |  |  | 1,936 |  |  | — |
Level 3: |  |  |  |  |  |  |  |
Non-marketable preferred stock |  | 7 |  |  | — |  |  | — |  |  | 7 |
TOTAL |  | $ | 5,149 |  |  | $ | 2,220 |  |  | $ | 2,922 |  |  | $ | 7 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following tables present information about the Company’s derivative assets and liabilities measured at fair value on a recurring basis as of February 28, 2015 and May 31, 2014, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement.
|  | As of February 28, 2015
|  | Derivative Assets |  | Derivative Liabilities
(In millions) |  | Assets at Fair Value |  | Other Current Assets |  | Other Long-term Assets |  | Liabilities at Fair Value |  | Accrued Liabilities |  | Other Long-term Liabilities
Level 2: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forwards and options(1) |  | $ | 1,459 |  |  | $ | 1,005 |  |  | $ | 454 |  |  | $ | 195 |  |  | $ | 167 |  |  | $ | 28 |
Embedded derivatives |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |
Interest rate swaps(2) |  | 47 |  |  | 47 |  |  | — |  |  | — |  |  | — |  |  | — |
TOTAL |  | $ | 1,507 |  |  | $ | 1,053 |  |  | $ | 454 |  |  | $ | 195 |  |  | $ | 167 |  |  | $ | 28 |
(1) | If the foreign exchange derivative instruments had been netted on the Unaudited Condensed Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $193 million as of February 28, 2015. As of that date, the Company had received $736 million of cash collateral and $77 million of securities from various counterparties related to these foreign exchange derivative instruments. No amount of collateral was posted on the Company’s derivative liability balance as of February 28, 2015.
(2) | As of February 28, 2015, the Company had received $33 million of cash collateral related to its interest rate swaps.
|  | As of May 31, 2014
|  | Derivative Assets |  | Derivative Liabilities
(In millions) |  | Assets at Fair Value |  | Other Current Assets |  | Other Long-term Assets |  | Liabilities at Fair Value |  | Accrued Liabilities |  | Other Long-term Liabilities
Level 2: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forwards and options(1) |  | $ | 127 |  |  | $ | 101 |  |  | $ | 26 |  |  | $ | 85 |  |  | $ | 84 |  |  | $ | 1 |
Interest rate swaps(1) |  | 6 |  |  | — |  |  | 6 |  |  | — |  |  | — |  |  | — |
TOTAL |  | $ | 133 |  |  | $ | 101 |  |  | $ | 32 |  |  | $ | 85 |  |  | $ | 84 |  |  | $ | 1 |
(1) | If the foreign exchange derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $63 million as of May 31, 2014. No amounts of collateral were received or posted on the Company’s derivative assets and liabilities as of May 31, 2014.
The following table presents the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets as of February 28, 2015 and May 31, 2014:
|  | Derivative Assets |  | Derivative Liabilities
(In millions) |  | Balance Sheet Location |  | February 28, 2015 |  | May 31, 2014 |  | Balance Sheet Location |  | February 28, 2015 |  | May 31, 2014
Derivatives formally designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forwards and options |  | Prepaid expenses and other current assets |  | $ | 762 |  |  | $ | 76 |  |  | Accrued liabilities |  | $ | 141 |  |  | $ | 57 |
Interest rate swaps |  | Prepaid expenses and other current assets |  | 47 |  |  | — |  |  | Accrued liabilities |  | — |  |  | — |
Foreign exchange forwards and options |  | Deferred income taxes and other assets |  | 454 |  |  | 26 |  |  | Deferred income taxes and other liabilities |  | 28 |  |  | 1 |
Interest rate swaps |  | Deferred income taxes and other assets |  | — |  |  | 6 |  |  | Deferred income taxes and other liabilities |  | — |  |  | — |
Total derivatives formally designated as hedging instruments |  |  |  | 1,263 |  |  | 108 |  |  |  |  | 169 |  |  | 58 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forwards and options |  | Prepaid expenses and other current assets |  | 243 |  |  | 25 |  |  | Accrued liabilities |  | 26 |  |  | 27 |
Embedded derivatives |  | Prepaid expenses and other current assets |  | 1 |  |  | — |  |  | Accrued liabilities |  | — |  |  | — |
Total derivatives not designated as hedging instruments |  |  |  | 244 |  |  | 25 |  |  |  |  | 26 |  |  | 27 |
TOTAL DERIVATIVES |  |  |  | $ | 1,507 |  |  | $ | 133 |  |  |  |  | $ | 195 |  |  | $ | 85 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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