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Stock-Based Compensation (Tables) | 12 Months Ended
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May 31, 2018
Stock Based Compensation Tables [Abstract] |
Stock-based compensation expense | Our total stock-based compensation expense for the years ended May 31 was as follows (in millions):
|  | 2018 |  |  | 2017 |  |  | 2016 |
Stock-based compensation expense |  | $ | 167 |  |  | $ | 154 |  |  | $ | 144 |
Schedule of Stock Based Compensation Key Assumptions for Valuation | The following is a table of the weighted-average Black-Scholes value of our stock option grants, the intrinsic value of options exercised (in millions) and the key weighted-average assumptions used in the valuation calculations for options granted during the years ended May 31, and then a discussion of our methodology for developing each of the assumptions used in the valuation model:
|  | 2018 |  |  | 2017 |  |  | 2016 |
Weighted-average Black-Scholes value |  | $ | 55.72 |  |  | $ | 43.99 |  |  | $ | 52.40 |
Intrinsic value of options exercised |  | $ | 359 |  |  | $ | 274 |  |  | $ | 115 |
Black-Scholes Assumptions: |  |  |  |  |  |  |  |  |  |  |  |
Expected lives |  | 6.5 years |  |  | 6.5 years |  |  | 6.4 years |
Expected volatility |  |  | 23 | % |  |  | 25 | % |  |  | 28 | %
Risk-free interest rate |  |  | 2.07 | % |  |  | 1.64 | % |  |  | 1.94 | %
Dividend yield |  |  | 0.796 | % |  |  | 0.719 | % |  |  | 0.519 | %
Schedule of Stock Option Activity | The following table summarizes information about stock option activity for the year ended May 31, 2018:
|  | Stock Options |
|  | Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value (in millions)(1) |
Outstanding at June 1, 2017 |  |  | 13,598,699 |  |  | $ | 125.66 |  |  |  |  |  |  |  |  |
Granted |  |  | 2,778,238 |  |  |  | 221.15 |  |  |  |  |  |  |  |  |
Exercised |  |  | (2,975,835 | ) |  |  | 109.95 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (416,185 | ) |  |  | 178.75 |  |  |  |  |  |  |  |  |
Outstanding at May 31, 2018 |  |  | 12,984,917 |  |  | $ | 147.98 |  |  |  | 6.3 |  |  | $ | 1,326 |
Exercisable |  |  | 7,303,111 |  |  | $ | 113.12 |  |  |  | 4.7 |  |  | $ | 993 |
Expected to vest |  |  | 5,382,943 |  |  | $ | 192.79 |  |  |  | 8.3 |  |  | $ | 315 |
Available for future grants |  |  | 15,788,701 |  |  |  |  |  |  |  |  |  |  |  |  |
(1) | Only presented for options with market value at May 31, 2018 in excess of the exercise price of the option.
Schedule of Vested and Unvested Restricted Stock | The following table summarizes information about vested and unvested restricted stock for the year ended May 31, 2018:
|  | Restricted Stock |
|  | Shares |  |  | Weighted- Average Grant Date Fair Value |
Unvested at June 1, 2017 |  |  | 362,304 |  |  | $ | 155.53 |
Granted |  |  | 155,624 |  |  |  | 212.60 |
Vested |  |  | (177,264 | ) |  |  | 148.94 |
Forfeited |  |  | (3,074 | ) |  |  | 148.95 |
Unvested at May 31, 2018 |  |  | 337,590 |  |  | $ | 185.16 |
Schedule of Stock Option Vesting | The following table summarizes information about stock option vesting during the years ended May 31:
|  | Stock Options |
|  | Vested during the year |  |  | Fair value (in millions) |
2018 |  |  | 2,465,493 |  |  | $ | 112 |
2017 |  |  | 2,427,837 |  |  |  | 104 |
2016 |  |  | 2,572,129 |  |  |  | 98 |

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- Definition Stock Based Compensation (Tables) [Abstract] + References No definition available. + Details
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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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