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Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Feb. 29, 2024

Accumulated Other Comprehensive Income Loss Tables [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) ("AOCI")

The following table provides changes in accumulated other comprehensive income (“AOCI”), net of tax, reported in our unaudited condensed consolidated financial statements for the periods ended February 29, 2024 and February 28, 2023 (in millions; amounts in parentheses indicate debits to AOCI):


		Three Months Ended								Nine Months Ended
		2024				2023				2024				2023
Foreign currency translation loss:
Balance at beginning of period		$	(1,362	)		$	(1,427	)		$	(1,362	)		$	(1,148	)
Translation adjustments			(39	)			80				(39	)			(199	)
Balance at end of period			(1,401	)			(1,347	)			(1,401	)			(1,347	)
Retirement plans adjustments:
Balance at beginning of period			68				42				35				45
Prior service credit arising during period			—				—				36				—
Reclassifications from AOCI			(2	)			(3	)			(5	)			(6	)
Balance at end of period			66				39				66				39
Accumulated other comprehensive (loss) at end of period		$	(1,335	)		$	(1,308	)		$	(1,335	)		$	(1,308	)

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

The following table presents details of the reclassifications from AOCI for the periods ended February 29, 2024 and February 28, 2023 (in millions; amounts in parentheses indicate debits to earnings):


		Amount Reclassified from AOCI																Affected Line Item in the Income Statement
		Three Months Ended								Nine Months Ended
		2024				2023				2024				2023
Amortization of retirement plans prior service credits, before tax		$	2			$	3			$	5			$	7			Other retirement plans, net
Income tax benefit			—				—				—				(1	)		Provision for income taxes
AOCI reclassifications, net of tax		$	2			$	3			$	5			$	6			Net income