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

 

 

Accrued

 

 

Three Months Ended August 31, 2024

 

 

Accrued

 

 

Total
Costs

 

 

Total
Expected

 

(in millions)

 

May 31,
2024(2)

 

 

Initial
Costs(3)

 

 

Adj. to
Cost(4)

 

 

Cash
Payments

 

 

Others(5)

 

 

August 31,
2024(2)

 

 

Accrued
to Date

 

 

Program
Costs

 

2024 Restructuring Plan(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cloud and license

 

$

87

 

 

$

40

 

 

$

(2

)

 

$

(33

)

 

$

1

 

 

$

93

 

 

$

233

 

 

$

255

 

Hardware

 

 

4

 

 

 

2

 

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

4

 

 

 

11

 

 

 

17

 

Services

 

 

12

 

 

 

5

 

 

 

—

 

 

 

(6

)

 

 

—

 

 

 

11

 

 

 

50

 

 

 

106

 

Other

 

 

49

 

 

 

34

 

 

 

(3

)

 

 

(33

)

 

 

—

 

 

 

47

 

 

 

214

 

 

 

257

 

Total 2024 Restructuring Plan

 

$

152

 

 

$

81

 

 

$

(5

)

 

$

(74

)

 

$

1

 

 

$

155

 

 

$

508

 

 

$

635

 

Total other restructuring plans(6)

 

$

84

 

 

$

—

 

 

$

(3

)

 

$

(11

)

 

$

2

 

 

$

72

 

 

 

 

 

 

 

Total restructuring plans

 

$

236

 

 

$

81

 

 

$

(8

)

 

$

(85

)

 

$

3

 

 

$

227

 

 

 

 

 

 

 

 

(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 August 31, 2024 and May 31, 2024, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed 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 condensed consolidated statements of operations was not significant.