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Accumulated Other Comprehensive Income (Tables) | 12 Months Ended
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May 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income | The changes in Accumulated other comprehensive income (loss), net of tax, were as follows:
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) |  | CASH FLOW HEDGES |  | NET INVESTMENT HEDGES(1) |  | OTHER |  | TOTAL |
Balance at May 31, 2018 | $ | (173 | ) | $ | 17 |  | $ | 115 |  | $ | (51 | ) | $ | (92 | )
Other comprehensive income (loss): |  |  |  |  |
Other comprehensive gains (losses) before reclassifications(2) | (173 | ) | 573 |  | — |  | 10 |  | 410 |
Reclassifications to net income of previously deferred (gains) losses(3) | — |  | (70 | ) | — |  | (17 | ) | (87 | )
Total other comprehensive income (loss) | (173 | ) | 503 |  | — |  | (7 | ) | 323 |
Balance at May 31, 2019 | $ | (346 | ) | $ | 520 |  | $ | 115 |  | $ | (58 | ) | $ | 231 |
(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, $(4) million, $0 million, $1 million and $(3) million, respectively.
(3) | Net of tax (benefit) expense of $0 million, $6 million, $0 million, $0 million and $6 million, respectively.
(Dollars 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.
Reclassification out of Accumulated Other Comprehensive Income | The following table summarizes the reclassifications from Accumulated other comprehensive income (loss) to the Consolidated Statements of Income:
| AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME | LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
| YEAR ENDED MAY 31,
(Dollars in millions) | 2019 | 2018
Gains (losses) on cash flow hedges: |  |  |
Foreign exchange forwards and options | $ | (5 | ) | $ | 34 |  | Revenues
Foreign exchange forwards and options | 53 |  | (90 | ) | Cost of sales
Foreign exchange forwards and options | — |  | 1 |  | Demand creation expense
Foreign exchange forwards and options | 35 |  | (69 | ) | Other (income) expense, net
Interest rate swaps | (7 | ) | (7 | ) | Interest expense (income), net
Total before tax | 76 |  | (131 | ) |
Tax (expense) benefit | (6 | ) | 3 |  |
Gain (loss) net of tax | 70 |  | (128 | ) |
Gains (losses) on other | 17 |  | (32 | ) | Other (income) expense, net
Total before tax | 17 |  | (32 | ) |
Tax (expense) benefit | — |  | — |  |
Gain (loss) net of tax | 17 |  | (32 | ) |
Total net gain (loss) reclassified for the period | $ | 87 |  | $ | (160 | ) |

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580 + Details
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