XML 74 R39.htm IDEA: XBRL DOCUMENT
v3.24.2

COMMON STOCK AND STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
May 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | The following table summarizes the Company's total stock-based compensation expense recognized in Cost of sales or Operating overhead expense, as applicable:
| YEAR ENDED MAY 31,
(Dollars in millions) | 2024 | 2023 | 2022
Stock options(1) | $ | 336 |  | $ | 311 |  | $ | 297 |
ESPPs | 69 |  | 72 |  | 60 |
Restricted stock and restricted stock units(1)(2) | 399 |  | 372 |  | 281 |
TOTAL STOCK-BASED COMPENSATION EXPENSE | $ | 804 |  | $ | 755 |  | $ | 638 |
(1)Expense for stock options includes the expense associated with stock appreciation rights. (2)For the fiscal years ended May 31, 2024, 2023 and 2022, expense for restricted stock units includes an immaterial amount of expense for PSUs.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The weighted average assumptions used to estimate these fair values were as follows:
| YEAR ENDED MAY 31,
| 2024 | 2023 | 2022
Dividend yield | 1.2 | % | 0.9 | % | 0.8 | %
Expected volatility | 29.3 | % | 27.1 | % | 24.9 | %
Weighted average expected life (in years) | 5.8 | 5.8 | 5.8
Risk-free interest rate | 4.3 | % | 3.3 | % | 0.9 | %
Schedule of Share-based Compensation, Stock Options, Activity | The following summarizes the stock option transactions under the plan discussed above:
| SHARES(1) | WEIGHTED AVERAGE OPTION PRICE
| (In millions) |
Options outstanding as of May 31, 2023 | 71.0 |  | $ | 94.40 |
Exercised | (7.0) |  | 62.46 |
Forfeited | (2.5) |  | 117.20 |
Granted | 12.2 |  | 103.08 |
Options outstanding as of May 31, 2024 | 73.7 |  | $ | 98.10 |
(1)Includes stock appreciation rights transactions.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | The following summarizes the restricted stock and restricted stock units transactions under the plan discussed above:
| SHARES(1) | WEIGHTED AVERAGE GRANT DATE FAIR VALUE
| (In millions) |
Nonvested as of May 31, 2023 | 8.3 |  | $ | 126.97
Vested | (3.3) |  | 116.78
Forfeited | (1.2) |  | 121.79
Granted | 5.3 |  | 103.13
Nonvested as of May 31, 2024 | 9.1 |  | $ | 117.52
(1) Includes an immaterial amount of PSU transactions

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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