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v3.20.2

Accrued Liabilities (Tables) | 12 Months Ended
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May 31, 2020
Accrued Liabilities, Current [Abstract] |
Schedule of Accrued Liabilities | Accrued liabilities included the following:
| MAY 31,
(Dollars in millions) | 2020 | 2019
Compensation and benefits, excluding taxes | $ | 1,248 |  | $ | 1,232 |
Sales-related reserves | 1,178 |  | 1,218 |
Allowance for cumulative foreign currency translation losses(1) | 405 |  | — |
Endorsement compensation | 393 |  | 424 |
Dividends payable | 384 |  | 346 |
Import and logistics costs | 273 |  | 296 |
Taxes other than income taxes payable | 202 |  | 234 |
Fair value of derivatives | 190 |  | 52 |
Liabilities held-for-sale(1) | 146 |  | — |
Advertising and marketing | 97 |  | 114 |
Collateral received from counterparties to hedging instruments | — |  | 289 |
Other(2) | 668 |  | 805 |
TOTAL ACCRUED LIABILITIES | $ | 5,184 |  | $ | 5,010 |
(1) | Refer to Note 20 — Acquisitions and Divestitures for additional information.
(2) Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at May 31, 2020 and 2019.

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