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Leases (Tables) | 12 Months Ended
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May 31, 2020
Leases [Abstract] |
Lessee, Operating Lease, Liability, Maturity | Amounts of future undiscounted cash flows related to operating lease payments over the lease term are as follows and are reconciled to the present value of the operating lease liabilities as recorded on the Consolidated Balance Sheets:
(Dollars in millions) | AS OF MAY 31, 2020(1)
Fiscal 2021 | $ | 550 |
Fiscal 2022 | 514 |
Fiscal 2023 | 456 |
Fiscal 2024 | 416 |
Fiscal 2025 | 374 |
Thereafter | 1,474 |
Total undiscounted future cash flows related to lease payments | $ | 3,784 |
Less: Interest | 426 |
Present value of lease liabilities | $ | 3,358 |
(1) Excludes $67 million of future operating lease payments for lease agreements signed but not yet commenced.
Schedule of Future Minimum Lease Payments for Capital Leases | Amounts of minimum future annual commitments under non-cancelable operating and capital leases in accordance with Topic 840 were as follows:
| AS OF MAY 31, 2019
(Dollars in millions) | OPERATING LEASES | CAPITAL LEASES AND OTHER FINANCING OBLIGATIONS(1) | TOTAL
Fiscal 2020 | $ | 553 |  | $ | 32 |  | $ | 585 |
Fiscal 2021 | 513 |  | 34 |  | 547 |
Fiscal 2022 | 441 |  | 40 |  | 481 |
Fiscal 2023 | 386 |  | 37 |  | 423 |
Fiscal 2024 | 345 |  | 34 |  | 379 |
Thereafter | 1,494 |  | 197 |  | 1,691 |
TOTAL | $ | 3,732 |  | $ | 374 |  | $ | 4,106 |
(1) Capital leases and other financing obligations include payments related to build-to-suit lease arrangements.
Schedule of Future Minimum Lease Payments for Operating Leases | Amounts of minimum future annual commitments under non-cancelable operating and capital leases in accordance with Topic 840 were as follows:
| AS OF MAY 31, 2019
(Dollars in millions) | OPERATING LEASES | CAPITAL LEASES AND OTHER FINANCING OBLIGATIONS(1) | TOTAL
Fiscal 2020 | $ | 553 |  | $ | 32 |  | $ | 585 |
Fiscal 2021 | 513 |  | 34 |  | 547 |
Fiscal 2022 | 441 |  | 40 |  | 481 |
Fiscal 2023 | 386 |  | 37 |  | 423 |
Fiscal 2024 | 345 |  | 34 |  | 379 |
Thereafter | 1,494 |  | 197 |  | 1,691 |
TOTAL | $ | 3,732 |  | $ | 374 |  | $ | 4,106 |
(1) Capital leases and other financing obligations include payments related to build-to-suit lease arrangements.
Lease Term And Discount Rate | The following table includes the weighted average remaining lease terms, in years, and the weighted average discount rate used to calculate the present value of operating lease liabilities:
| AS OF MAY 31,
| 2020
Weighted-average remaining lease term (years) | 8.7 |
Weighted-average discount rate | 2.4 | %
Lease, Cost | The following table includes supplemental cash and non-cash information related to operating leases:
| FISCAL YEAR ENDED
(Dollars in millions) | MAY 31, 2020
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 532 |
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities(1) | $ | 705 |
(1) Excludes the amount initially capitalized in conjunction with the adoption of Topic 842.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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