SEGMENT INFORMATION (Tables)

3 Months Ended

Aug. 31, 2023

Segment Reporting [Abstract]

Summary of Businesses Results

	Three Months Ended August 31,
(in millions)	2023		2022
Cloud and license:
Revenues	$	10,356	$	9,321
Cloud services and license support expenses		2,040		1,620
Sales and marketing expenses		1,784		1,930
Margin(1)	$	6,532	$	5,771
Hardware:
Revenues	$	714	$	763
Hardware products and support expenses		211		243
Sales and marketing expenses		70		79
Margin(1)	$	433	$	441
Services:
Revenues	$	1,383	$	1,361
Services expenses		1,145		1,007
Margin(1)	$	238	$	354
Totals:
Revenues	$	12,453	$	11,445
Expenses		5,250		4,879
Margin(1)	$	7,203	$	6,566

(1)The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of research and development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other non-operating expenses, net. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our condensed consolidated statements of operations.

Reconciliation of Total Operating Segment Margin to Income before Income Taxes

	Three Months Ended August 31,
(in millions)	2023			2022
Total margin for operating segments	$	7,203		$	6,566
Research and development		(2,216	)		(2,093	)
General and administrative		(393	)		(411	)
Amortization of intangible assets		(763	)		(919	)
Acquisition related and other		(11	)		(41	)
Restructuring		(138	)		(144	)
Stock-based compensation for operating segments		(285	)		(244	)
Expense allocations and other, net		(101	)		(91	)
Interest expense		(872	)		(787	)
Non-operating expenses, net		(49	)		(180	)
Income before income taxes	$	2,375		$	1,656

Disaggregation of Revenue by Geography and Ecosystem

	Three Months Ended August 31,
(in millions)	2023		2022
Americas	$	7,841	$	7,192
EMEA(1)		3,005		2,691
Asia Pacific		1,607		1,562
Total revenues	$	12,453	$	11,445

(1)Comprised of Europe, the Middle East and Africa

	Three Months Ended August 31,
(in millions)	2023		2022
Cloud services	$	4,635	$	3,579
License support		4,912		4,838
Total cloud services and license support revenues	$	9,547	$	8,417

	Three Months Ended August 31,
(in millions)	2023		2022
Applications cloud services and license support	$	4,471	$	4,016
Infrastructure cloud services and license support		5,076		4,401
Total cloud services and license support revenues	$	9,547	$	8,417