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Accumulated Other Comprehensive Income | 12 Months Ended
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May 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income |
NOTE 14 — 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, 2017 |  | $ | (191 | ) |  | $ | (52 | ) |  | $ | 115 |  |  | $ | (85 | ) |  | $ | (213 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Other comprehensive gains (losses) before reclassifications(2) |  | (6 | ) |  | (52 | ) |  | — |  |  | 2 |  |  | (56 | )
Reclassifications to net income of previously deferred (gains) losses(3) |  | — |  |  | 128 |  |  | — |  |  | 32 |  |  | 160 |
Total other comprehensive income (loss) |  | (6 | ) |  | 76 |  |  | — |  |  | 34 |  |  | 104 |
Reclassifications to retained earnings in accordance with ASU 2018-02(4) |  | 24 |  |  | (7 | ) |  | — |  |  | — |  |  | 17 |
Balance at May 31, 2018 |  | $ | (173 | ) |  | $ | 17 |  |  | $ | 115 |  |  | $ | (51 | ) |  | $ | (92 | )
(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 $(24) million, $(3) million, $0 million, $(4) million and $(31) million, respectively.
(3) | Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $0 million and $(3) million, respectively.
(4) | Refer to Note 1 — Summary of Significant Accounting Policies for additional information on the adoption of ASU 2018-02 during the third quarter of fiscal 2018.
(In millions) |  | Foreign Currency Translation Adjustment(1) |  | Cash Flow Hedges |  | Net Investment Hedges(1) |  | Other |  | Total
Balance at May 31, 2016 |  | $ | (207 | ) |  | $ | 463 |  |  | $ | 115 |  |  | $ | (53 | ) |  | $ | 318 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Other comprehensive gains (losses) before reclassifications(2) |  | 15 |  |  | 118 |  |  | — |  |  | (14 | ) |  | 119 |
Reclassifications to net income of previously deferred (gains) losses(3) |  | 1 |  |  | (633 | ) |  | — |  |  | (18 | ) |  | (650 | )
Total other comprehensive income (loss) |  | 16 |  |  | (515 | ) |  | — |  |  | (32 | ) |  | (531 | )
Balance at May 31, 2017 |  | $ | (191 | ) |  | $ | (52 | ) |  | $ | 115 |  |  | $ | (85 | ) |  | $ | (213 | )
(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, $24 million, $0 million, $3 million and $27 million, respectively.
(3) | Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $(3) million and $(6) million, respectively.
The following table summarizes the reclassifications from Accumulated other comprehensive income to the Consolidated Statements of Income:
|  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
|  | Year Ended May 31,
(In millions) |  | 2018 |  | 2017
Gains (losses) on foreign currency translation adjustment |  | $ | — |  |  | $ | (1 | ) | Other expense (income), net
Total before tax |  | — |  |  | (1 | ) |
Tax (expense) benefit |  | — |  |  | — |  |
Gain (loss) net of tax |  | — |  |  | (1 | ) |
Gains (losses) on cash flow hedges: |  |  |  |  |
Foreign exchange forwards and options |  | 34 |  |  | 96 |  | Revenues
Foreign exchange forwards and options |  | (90 | ) |  | 339 |  | Cost of sales
Foreign exchange forwards and options |  | 1 |  |  | — |  | Total selling and administrative expense
Foreign exchange forwards and options |  | (69 | ) |  | 199 |  | Other expense (income), net
Interest rate swaps |  | (7 | ) |  | (4 | ) | Interest expense (income), net
Total before tax |  | (131 | ) |  | 630 |  |
Tax (expense) benefit |  | 3 |  |  | 3 |  |
Gain (loss) net of tax |  | (128 | ) |  | 633 |  |
Gains (losses) on other |  | (32 | ) |  | 15 |  | Other expense (income), net
Total before tax |  | (32 | ) |  | 15 |  |
Tax (expense) benefit |  | — |  |  | 3 |  |
Gain (loss) net of tax |  | (32 | ) |  | 18 |  |
Total net gain (loss) reclassified for the period |  | $ | (160 | ) |  | $ | 650 |  |
Refer to Note 16 — Risk Management and Derivatives for more information on the Company’s risk management program and derivatives.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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