XML 66 R43.htm IDEA: XBRL DOCUMENT
v3.22.2

Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
--- | ---
May 31, 2022
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, 2021 | $ | 2 |  | $ | (435) |  | $ | 115 |  | $ | (62) |  | $ | (380) |
Other comprehensive income (loss): |  |  |  |  |
Other comprehensive gains (losses) before reclassifications(2) | (522) |  | 1,222 |  | — |  | 28 |  | 728 |
Reclassifications to net income of previously deferred (gains) losses(3) | — |  | (8) |  | — |  | (22) |  | (30) |
Total other comprehensive income (loss) | (522) |  | 1,214 |  | — |  | 6 |  | 698 |
Balance at May 31, 2022 | $ | (520) |  | $ | 779 |  | $ | 115 |  | $ | (56) |  | $ | 318 |
(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, $(114) million, $0 million, $(9) million and $(123) million, respectively. (3)Net of tax (benefit) expense of $0 million, $11 million, $0 million, $9 million and $20 million, respectively.
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL
Balance at May 31, 2020 | $ | (494) |  | $ | 390 |  | $ | 115 |  | $ | (67) |  | $ | (56) |
Other comprehensive income (loss): |  |  |  |  |
Other comprehensive gains (losses) before reclassifications(2) | 499 |  | (788) |  | — |  | (8) |  | (297) |
Reclassifications to net income of previously deferred (gains) losses(3) | (3) |  | (37) |  | — |  | 13 |  | (27) |
Total other comprehensive income (loss) | 496 |  | (825) |  | — |  | 5 |  | (324) |
Balance at May 31, 2021 | $ | 2 |  | $ | (435) |  | $ | 115 |  | $ | (62) |  | $ | (380) |
(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, $(6) million, $0 million, $(1) million and $(7) million, respectively. (3)Net of tax (benefit) expense of $0 million, $8 million, $0 million, $0 million and $8 million, respectively.
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) | 2022 | 2021
Gains (losses) on foreign currency translation adjustment | $ | — |  | $ | 3 |  | Other (income) expense, net
Total before tax |  | 3 |  |
Tax (expense) benefit | — |  | — |  |
Gain (loss) net of tax | — |  | 3 |  |
Gains (losses) on cash flow hedges: |  |  |
Foreign exchange forwards and options | $ | (82) |  | 45 |  | Revenues
Foreign exchange forwards and options | (23) |  | 51 |  | Cost of sales
Foreign exchange forwards and options | 1 |  | 3 |  | Demand creation expense
Foreign exchange forwards and options | 130 |  | (47) |  | Other (income) expense, net
Interest rate swaps | (7) |  | (7) |  | Interest expense (income), net
Total before tax | 19 |  | 45 |  |
Tax (expense) benefit | (11) |  | (8) |  |
Gain (loss) net of tax | 8 |  | 37 |  |
Gains (losses) on other | 31 |  | (13) |  | Other (income) expense, net
Total before tax | 31 |  | (13) |  |
Tax (expense) benefit | (9) |  | — |  |
Gain (loss) net of tax | 22 |  | (13) |  |
Total net gain (loss) reclassified for the period | $ | 30 |  | $ | 27 |  |

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: 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=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration