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Long Term Debt and Other Financing Arrangements (Tables) | 12 Months Ended
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May 31, 2022
Long Term Debt Tables [Abstract] |
Components of Long-term Debt (Net of Discounts and Debt Issuance Costs) | The components of long-term debt (net of discounts and debt issuance costs), along with maturity dates for the years subsequent to May 31, 2022, are as follows (in millions):
|  |  |  |  |  |  | May 31, |
|  |  |  |  |  |  | 2022 |  |  | 2021 |
|  | Interest Rate % |  |  | Maturity |  |  |  |  |  |
Senior secured debt: |  |  |  |  |  |  |  |  |  |  |
|  |  | 1.875 |  |  | 2034 |  | $ | 881 |  |  | $ | 932 |
Senior unsecured debt: |  |  |  |  |  |  |  |  |  |  |
|  |  | 3.25 |  |  | 2026 |  |  | 747 |  |  |  | 746 |
|  |  | 3.40 |  |  | 2028 |  |  | 497 |  |  |  | 496 |
|  |  | 4.20 |  |  | 2029 |  |  | 397 |  |  |  | 397 |
|  | 3.10-4.25 |  |  | 2030 |  |  | 1,735 |  |  |  | 1,733 |
|  |  | 2.40 |  |  | 2031 |  |  | 990 |  |  |  | 989 |
|  |  | 4.90 |  |  | 2034 |  |  | 496 |  |  |  | 496 |
|  |  | 3.90 |  |  | 2035 |  |  | 495 |  |  |  | 494 |
|  |  | 3.25 |  |  | 2041 |  |  | 740 |  |  |  | 739 |
|  | 3.875-4.10 |  |  | 2043 |  |  | 985 |  |  |  | 985 |
|  |  | 5.10 |  |  | 2044 |  |  | 742 |  |  |  | 742 |
|  |  | 4.10 |  |  | 2045 |  |  | 641 |  |  |  | 641 |
|  | 4.55-4.75 |  |  | 2046 |  |  | 2,462 |  |  |  | 2,461 |
|  |  | 4.40 |  |  | 2047 |  |  | 736 |  |  |  | 736 |
|  |  | 4.05 |  |  | 2048 |  |  | 987 |  |  |  | 986 |
|  |  | 4.95 |  |  | 2049 |  |  | 836 |  |  |  | 836 |
|  |  | 5.25 |  |  | 2050 |  |  | 1,226 |  |  |  | 1,226 |
|  |  | 4.50 |  |  | 2065 |  |  | 246 |  |  |  | 246 |
|  |  | 7.60 |  |  | 2098 |  |  | 237 |  |  |  | 237 |
Euro senior unsecured debt: |  |  |  |  |  |  |  |  |  |  |
|  |  | 0.45 |  |  | 2026 |  |  | 533 |  |  |  | 607 |
|  |  | 1.625 |  |  | 2027 |  |  | 1,332 |  |  |  | 1,516 |
|  |  | 0.45 |  |  | 2029 |  |  | 637 |  |  |  | 725 |
|  |  | 1.30 |  |  | 2032 |  |  | 530 |  |  |  | 604 |
|  |  | 0.95 |  |  | 2033 |  |  | 688 |  |  |  | 784 |
Total senior unsecured debt |  |  |  |  |  |  |  | 18,915 |  |  |  | 19,422 |
Finance lease obligations |  |  |  |  |  |  |  | 468 |  |  |  | 525 |
|  |  |  |  |  |  |  | 20,264 |  |  |  | 20,879 |
Less current portion |  |  |  |  |  |  |  | 82 |  |  |  | 146 |
|  |  |  |  |  |  | $ | 20,182 |  |  | $ | 20,733 |
Scheduled Principal Payments on Long-Term Debt Maturities | The following table sets forth the future scheduled principal payments due by fiscal year on our long-term debt (in millions):
|  |  |  |  |  | Debt Principal |
2023 |  |  |  |  |  | $ | 52 |
2024 |  |  |  |  |  |  | 52 |
2025 |  |  |  |  |  |  | 52 |
2026 |  |  |  |  |  |  | 1,337 |
2027 |  |  |  |  |  |  | 1,391 |
Thereafter |  |  |  |  |  |  | 17,147 |
Subtotal |  |  |  |  |  |  | 20,031 |
Discount and debt issuance costs |  |  |  |  |  |  | (235 | )
Total debt |  |  |  |  |  | $ | 19,796 |

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