SEGMENT INFORMATION (Tables)

3 Months Ended

Aug. 31, 2024

Segment Reporting [Abstract]

Summary of Businesses Results

	Three Months Ended August 31,
(in millions)	2024		2023
Cloud and license:
Revenues	$	11,389	$	10,356
Cloud services and license support expenses		2,422		2,040
Sales and marketing expenses		1,771		1,784
Margin(1)	$	7,196	$	6,532
Hardware:
Revenues	$	655	$	714
Hardware products and support expenses		152		211
Sales and marketing expenses		65		70
Margin(1)	$	438	$	433
Services:
Revenues	$	1,263	$	1,383
Services expenses		1,066		1,145
Margin(1)	$	197	$	238
Totals:
Revenues	$	13,307	$	12,453
Expenses		5,476		5,250
Margin(1)	$	7,831	$	7,203

(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 income (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)	2024			2023
Total margin for operating segments	$	7,831		$	7,203
Research and development		(2,306	)		(2,216	)
General and administrative		(358	)		(393	)
Amortization of intangible assets		(624	)		(763	)
Acquisition related and other		(13	)		(11	)
Restructuring		(73	)		(138	)
Stock-based compensation for operating segments		(352	)		(285	)
Expense allocations and other, net		(114	)		(101	)
Interest expense		(842	)		(872	)
Non-operating income (expenses), net		20			(49	)
Income before income taxes	$	3,169		$	2,375

Disaggregation of Revenue by Geography and Ecosystem

	Three Months Ended August 31,
(in millions)	2024		2023
Americas	$	8,372	$	7,841
EMEA(1)		3,228		3,005
Asia Pacific		1,707		1,607
Total revenues	$	13,307	$	12,453

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

	Three Months Ended August 31,
(in millions)	2024		2023
Cloud services	$	5,623	$	4,635
License support		4,896		4,912
Total cloud services and license support revenues	$	10,519	$	9,547

The following table presents our cloud services and license support revenues by applications and infrastructure ecosystems

	Three Months Ended August 31,
(in millions)	2024		2023
Applications cloud services and license support	$	4,769	$	4,471
Infrastructure cloud services and license support		5,750		5,076
Total cloud services and license support revenues	$	10,519	$	9,547