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Accumulated Other Comprehensive Income | 6 Months Ended
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Nov. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income |
Note 10 — Accumulated Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss), net of tax, for the three and six months ended November 30, 2018 were as follows:
(In millions) |  | Foreign Currency Translation Adjustment(1) |  | Cash Flow Hedges |  | Net Investment Hedges(1) |  | Other |  | Total
Balance at August 31, 2018 |  | $ | (301 | ) |  | $ | 210 |  |  | $ | 115 |  |  | $ | (54 | ) |  | $ | (30 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Other comprehensive gains (losses) before reclassifications(2) |  | (2 | ) |  | 252 |  |  | — |  |  | 4 |  |  | 254 |
Reclassifications to net income of previously deferred (gains) losses(3) |  | — |  |  | (11 | ) |  | — |  |  | (4 | ) |  | (15 | )
Total other comprehensive income (loss) |  | (2 | ) |  | 241 |  |  | — |  |  | — |  |  | 239 |
Balance at November 30, 2018 |  | $ | (303 | ) |  | $ | 451 |  |  | $ | 115 |  |  | $ | (54 | ) |  | $ | 209 |
(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, $(3) million, $0 million, $0 million and $(3) million, respectively.
(3) | Net of tax (benefit) expense of $0 million, $1 million, $0 million, $0 million and $1 million, respectively.
(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) |  | (130 | ) |  | 394 |  |  | — |  |  | 8 |  |  | 272 |
Reclassifications to net income of previously deferred (gains) losses(3) |  | — |  |  | 40 |  |  | — |  |  | (11 | ) |  | 29 |
Total other comprehensive income (loss) |  | (130 | ) |  | 434 |  |  | — |  |  | (3 | ) |  | 301 |
Balance at November 30, 2018 |  | $ | (303 | ) |  | $ | 451 |  |  | $ | 115 |  |  | $ | (54 | ) |  | $ | 209 |
(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, $0 million and $(4) million, respectively.
(3) | Net of tax (benefit) expense of $0 million, $2 million, $0 million, $0 million and $2 million, respectively.
The changes in Accumulated other comprehensive income (loss), net of tax, for the three and six months ended November 30, 2017 were as follows:
(In millions) |  | Foreign Currency Translation Adjustment(1) |  | Cash Flow Hedges |  | Net Investment Hedges(1) |  | Other |  | Total
Balance at August 31, 2017 |  | $ | (169 | ) |  | $ | (447 | ) |  | $ | 115 |  |  | $ | (85 | ) |  | $ | (586 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Other comprehensive gains (losses) before reclassifications(2) |  | (8 | ) |  | (20 | ) |  | — |  |  | (2 | ) |  | (30 | )
Reclassifications to net income of previously deferred (gains) losses(3) |  | — |  |  | 28 |  |  | — |  |  | 1 |  |  | 29 |
Total other comprehensive income (loss) |  | (8 | ) |  | 8 |  |  | — |  |  | (1 | ) |  | (1 | )
Balance at November 30, 2017 |  | $ | (177 | ) |  | $ | (439 | ) |  | $ | 115 |  |  | $ | (86 | ) |  | $ | (587 | )
(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 $(4) million, $(4) million, $0 million, $0 million and $(8) million, respectively.
(3) | Net of tax (benefit) expense of $0 million, $(2) million, $0 million, $0 million and $(2) million, respectively.
(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) |  | 14 |  |  | (367 | ) |  | — |  |  | (20 | ) |  | (373 | )
Reclassifications to net income of previously deferred (gains) losses(3) |  | — |  |  | (20 | ) |  | — |  |  | 19 |  |  | (1 | )
Total other comprehensive income (loss) |  | 14 |  |  | (387 | ) |  | — |  |  | (1 | ) |  | (374 | )
Balance at November 30, 2017 |  | $ | (177 | ) |  | $ | (439 | ) |  | $ | 115 |  |  | $ | (86 | ) |  | $ | (587 | )
(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 $(23) million, $(1) million, $0 million, $0 million and $(24) million, respectively.
(3) | Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $0 million and $(3) million, respectively.
The following table summarizes the reclassifications from Accumulated other comprehensive income (loss) to the Unaudited Condensed 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
|  | Three Months Ended November 30, |  | Six Months Ended November 30, |
(In millions) |  | 2018 |  | 2017 |  | 2018 |  | 2017 |
Gains (losses) on cash flow hedges: |  |  |  |  |  |  |  |  |  |
Foreign exchange forwards and options |  | $ | 3 |  |  | $ | 13 |  |  | $ | 8 |  |  | $ | 15 |  |  | Revenues
Foreign exchange forwards and options |  | 10 |  |  | (21 | ) |  | (34 | ) |  | 24 |  |  | Cost of sales
Foreign exchange forwards and options |  | — |  |  | (20 | ) |  | (9 | ) |  | (18 | ) |  | Other (income) expense, net
Interest rate swaps |  | (1 | ) |  | (2 | ) |  | (3 | ) |  | (4 | ) |  | Interest expense (income), net
Total before tax |  | 12 |  |  | (30 | ) |  | (38 | ) |  | 17 |  |  |
Tax (expense) benefit |  | (1 | ) |  | 2 |  |  | (2 | ) |  | 3 |  |  |
(Loss) gain net of tax |  | 11 |  |  | (28 | ) |  | (40 | ) |  | 20 |  |  |
Gains (losses) on other |  | 4 |  |  | (1 | ) |  | 11 |  |  | (19 | ) |  | Other (income) expense, net
Total before tax |  | 4 |  |  | (1 | ) |  | 11 |  |  | (19 | ) |  |
Tax (expense) benefit |  | — |  |  | — |  |  | — |  |  | — |  |  |
Gain (loss) net of tax |  | 4 |  |  | (1 | ) |  | 11 |  |  | (19 | ) |  |
Total net (loss) gain reclassified for the period |  | $ | 15 |  |  | $ | (29 | ) |  | $ | (29 | ) |  | $ | 1 |  |  |

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- References No definition available. + Details
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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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