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NOTES PAYABLE AND OTHER BORROWINGS (Tables)
12 Months Ended
May 31, 2013
Notes Payable and Other Borrowings [Abstract]  
Notes Payable and Other Borrowings

 

 

May 31,

(Dollars in millions)

 

2013

 

2012

Short-term borrowings

 

$

 —

 

$

      1,700

4.95% senior notes due April 2013

 

 

 —

 

 

      1,250

3.75% senior notes due July 2014, net of fair value adjustments of $41 and $69 as of May 31, 2013 and 2012, respectively(1)

 

 

1,541

 

 

      1,569

5.25% senior notes due January 2016, net of discount of $3 and $4 as of May 31, 2013 and 2012, respectively

 

 

      1,997

 

 

      1,996

1.20% senior notes due October 2017, net of discount of $3 as of May 31, 2013

 

 

      2,497

 

 

5.75% senior notes due April 2018, net of discount of $1 each as of May 31, 2013 and 2012

 

 

      2,499

 

 

      2,499

5.00% senior notes due July 2019, net of discount of $4 and $5 as of May 31, 2013 and 2012, respectively

 

 

      1,746

 

 

      1,745

3.875% senior notes due July 2020, net of discount of $2 each as of May 31, 2013 and 2012

 

 

         998

 

 

         998

2.50% senior notes due October 2022, net of discount of $2 as of May 31, 2013

 

 

      2,498

 

 

 —

6.50% senior notes due April 2038, net of discount of $2 each as of May 31, 2013 and 2012

 

 

      1,248

 

 

      1,248

6.125% senior notes due July 2039, net of discount of $7 and $8 as of May 31, 2013 and 2012, respectively

 

 

      1,243

 

 

      1,242

5.375% senior notes due July 2040, net of discount of $24 each as of May 31, 2013 and 2012, respectively

 

 

      2,226

 

 

      2,226

Capital leases

 

 

             1

 

 

              1

Total borrowings

 

$

    18,494

 

$

    16,474

Notes payable, current and other current borrowings

 

$

 —

 

$

      2,950

Notes payable, non-current and other non-current borrowings

 

$

    18,494

 

$

    13,524

 

 

 

 

 

 

 

 

(1)

Refer to Note 11 for a description of our accounting for fair value hedges.

 

Future Principal Payments for all Borrowings

Fiscal 2014

 

$

Fiscal 2015

 

 

1,500

Fiscal 2016

 

 

 2,000

Fiscal 2017

 

 

Fiscal 2018

 

 

 5,000

Thereafter

 

 

 10,000

Total

 

$

 18,500