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RESTRUCTURING ACTIVITIES (Tables)
 12 Months Ended
May 31, 2024
Restructuring and Related Activities [Abstract]  
Summary of All Plans

Fiscal 2024 Activity

 

 

 

Accrued

 

 

Year Ended May 31, 2024

 

 

Accrued

 

 

Total
Costs

 

 

Total
Expected

 

(in millions)

 

May 31,
2023(2)

 

 

Initial
Costs(3)

 

 

Adj. to
Cost(4)

 

 

Cash
Payments

 

 

Others(5)

 

 

May 31,
2024(2)

 

 

Accrued
to Date

 

 

Program
Costs

 

Fiscal 2024 Oracle Restructuring Plan(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cloud and license

 

$

—

 

 

$

204

 

 

$

(9

)

 

$

(108

)

 

$

—

 

 

$

87

 

 

$

195

 

 

$

205

 

Hardware

 

 

—

 

 

 

9

 

 

 

—

 

 

 

(5

)

 

 

—

 

 

 

4

 

 

 

9

 

 

 

17

 

Services

 

 

—

 

 

 

46

 

 

 

(1

)

 

 

(33

)

 

 

—

 

 

 

12

 

 

 

45

 

 

 

136

 

Other

 

 

—

 

 

 

188

 

 

 

(5

)

 

 

(134

)

 

 

—

 

 

 

49

 

 

 

183

 

 

 

277

 

Total Fiscal 2024 Oracle Restructuring Plan

 

$

—

 

 

$

447

 

 

$

(15

)

 

$

(280

)

 

$

—

 

 

$

152

 

 

$

432

 

 

$

635

 

Total other restructuring plans(6)

 

$

199

 

 

$

—

 

 

$

(28

)

 

$

(89

)

 

$

2

 

 

$

84

 

 

 

 

 

 

 

Total restructuring plans

 

$

199

 

 

$

447

 

 

$

(43

)

 

$

(369

)

 

$

2

 

 

$

236

 

 

 

 

 

 

 

 

Fiscal 2023 Activity

 

 

 

Accrued

 

 

Year Ended May 31, 2023

 

 

Accrued

 

(in millions)

 

May 31,
2022

 

 

Initial
Costs(3)

 

 

Adj. to
Cost(4)

 

 

Cash
Payments

 

 

Others(5)

 

 

May 31,
2023(2)

 

Fiscal 2022 Oracle Restructuring Plan(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cloud and license

 

$

34

 

 

$

288

 

 

$

(6

)

 

$

(218

)

 

$

1

 

 

$

99

 

Hardware

 

 

7

 

 

 

18

 

 

 

—

 

 

 

(18

)

 

 

(1

)

 

 

6

 

Services

 

 

9

 

 

 

28

 

 

 

—

 

 

 

(19

)

 

 

(1

)

 

 

17

 

Other

 

 

10

 

 

 

162

 

 

 

3

 

 

 

(141

)

 

 

1

 

 

 

35

 

Total Fiscal 2022 Oracle Restructuring Plan

 

$

60

 

 

$

496

 

 

$

(3

)

 

$

(396

)

 

$

—

 

 

$

157

 

Total other restructuring plans(6)

 

$

71

 

 

$

1

 

 

$

(4

)

 

$

(22

)

 

$

(4

)

 

$

42

 

Total restructuring plans

 

$

131

 

 

$

497

 

 

$

(7

)

 

$

(418

)

 

$

(4

)

 

$

199

 

 

Fiscal 2022 Activity

 

 

 

Accrued

 

 

Year Ended May 31, 2022

 

 

Accrued

 

(in millions)

 

May 31,
2021

 

 

Initial
Costs(3)

 

 

Adj. to
Cost(4)

 

 

Cash
Payments

 

 

Others(5)

 

 

May 31,
2022

 

Fiscal 2022 Oracle Restructuring Plan(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cloud and license

 

$

—

 

 

$

90

 

 

$

(2

)

 

$

(52

)

 

$

(2

)

 

$

34

 

Hardware

 

 

—

 

 

 

11

 

 

 

—

 

 

 

(4

)

 

 

—

 

 

 

7

 

Services

 

 

—

 

 

 

16

 

 

 

—

 

 

 

(7

)

 

 

—

 

 

 

9

 

Other

 

 

—

 

 

 

105

 

 

 

3

 

 

 

(29

)

 

 

(69

)

 

 

10

 

Total Fiscal 2022 Oracle Restructuring Plan

 

$

—

 

 

$

222

 

 

$

1

 

 

$

(92

)

 

$

(71

)

 

$

60

 

Total other restructuring plans(6)

 

$

225

 

 

$

—

 

 

$

(32

)

 

$

(109

)

 

$

(13

)

 

$

71

 

Total restructuring plans

 

$

225

 

 

$

222

 

 

$

(31

)

 

$

(201

)

 

$

(84

)

 

$

131

 

 

(1)
Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs.
(2)
As of May 31, 2024 and 2023, substantially all restructuring liabilities have been recorded in other current liabilities within our consolidated balance sheets.
(3)
Costs recorded for the respective restructuring plans during the period presented.
(4)
All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments.
(5)
Represents foreign currency translation and certain other non-cash adjustments.
(6)
Other restructuring plans presented in the tables above included condensed information for other Oracle based plans and other plans associated with certain of our acquisitions whereby we continued to make cash outlays to settle obligations under these plans during the periods presented but for which the periodic impact to our consolidated statements of operations was not significant.