May 31,

(Dollars in millions)

2015

2014

3.75% senior notes due July 2014, net of fair value adjustment of $8 as of May 31, 2014(1)

$

—

$

1,508

5.25% senior notes due January 2016, net of discount of $1 and $2 as of May 31, 2015 and 2014, respectively

1,999

1,998

Floating rate senior notes due July 2017, net of debt issuance cost of $1 as of May 31, 2015

999

—

1.20% senior notes due October 2017, net of discount and debt issuance costs of $6 and $9 as of May 31, 2015 and 2014, respectively

2,494

2,491

5.75% senior notes due April 2018, net of debt issuance costs of $7 and $8 as of May 31, 2015 and 2014, respectively

2,493

2,492

Floating rate senior notes due January 2019, net of debt issuance costs of $1 each as of May 31, 2015 and 2014

499

2.375% senior notes due January 2019, net of fair value losses of $21 and $15 and discount and debt issuance costs of $7 and $9 as of

May 31, 2015 and May 31, 2014, respectively(1)

1,514

1,506

5.00% senior notes due July 2019, net of discount and debt issuance costs of $11 and $12 as of May 31, 2015 and 2014, respectively

1,739

1,738

Floating rate senior notes due October 2019, net of debt issuance cost of $2 as of May 31, 2015

748

—

2.25% senior notes due October 2019, net of fair value loss of $22 and discount and debt issuance cost of $7 as of May 31, 2015(1)

2,015

—

3.875% senior notes due July 2020, net of discount and debt issuance costs of $4 and $5 as of May 31, 2015 and 2014, respectively

996

995

2.25% senior notes due January 2021, net of discount and debt issuance costs of $11 and $14 as of May 31, 2015 and 2014, respectively (2)

1,341

1,685

2.80% senior notes due July 2021, net of fair value loss of $31 and discount and debt issuance cost of $6 as of May 31, 2015 (1)

1,525

—

2.50% senior notes due May 2022, net of discount and debt issuance cost of $17 as of May 31, 2015

2,483

—

2.50% senior notes due October 2022, net of discount and debt issuance costs of $10 and $11 as of May 31, 2015 and 2014, respectively

2,490

2,489

3.625% senior notes due July 2023, net of discount and debt issuance costs of $11 and $12 as of May 31, 2015 and 2014, respectively

989

988

3.40% senior notes due July 2024, net of discount and debt issuance cost of $12 as of May 31, 2015

1,988

—

2.95% senior notes due May 2025, net of discount and debt issuance cost of $22 as of May 31, 2015

2,478

—

3.125% senior notes due July 2025, net of discount and debt issuance costs of $6 and $9 as of May 31, 2015 and 2014, respectively (2)

804

1,013

3.25% senior notes due May 2030, net of discount and debt issuance cost of $6 as of May 31, 2015

494

—

4.30% senior notes due July 2034, net of discount and debt issuance cost of $13 as of May 31, 2015

1,737

—

3.90% senior notes due May 2035, net of discount and debt issuance cost of $18 as of May 31, 2015

1,232

—

6.50% senior notes due April 2038, net of discount and debt issuance costs of $5 and $6 as of May 31, 2015 and 2014, respectively

1,245

1,244

6.125% senior notes due July 2039, net of discount and debt issuance costs of $12 and $14 as of May 31, 2015 and 2014, respectively

1,238

1,236

5.375% senior notes due July 2040, net of discount and debt issuance costs of $34 and $35 as of May 31, 2015 and 2014, respectively

2,216

2,215

4.50% senior notes due July 2044, net of debt issuance cost of $8 as of May 31, 2015

992

—

4.125% senior notes due May 2045, net of discount and debt issuance cost of $24 as of May 31, 2015

1,976

—

4.375% senior notes due May 2055, net of discount and debt issuance cost of $16 as of May 31, 2015

1,234

—

Total borrowings

$

41,958

$

24,097

Notes payable, current

$

1,999

$

1,508

Notes payable, non-current

$

39,959

$

22,589