CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Nov. 30, 2015	May. 31, 2015
Current assets:
Cash and cash equivalents	$ 17,411	$ 21,716
Marketable securities	34,924	32,652
Trade receivables, net of allowances for doubtful accounts of $301 and $285 as of November 30, 2015 and May 31, 2015, respectively	3,956	5,618
Inventories	238	314
Prepaid expenses and other current assets	2,089	2,220
Total current assets	58,618	62,520
Non-current assets:
Property, plant and equipment, net	3,855	3,686
Intangible assets, net	5,599	6,406
Goodwill, net	34,171	34,087
Deferred tax assets	1,341	1,458
Other assets	2,899	2,746
Total non-current assets	47,865	48,383
Total assets	106,483	110,903
Current liabilities:
Notes payable, current	2,000	1,999
Accounts payable	415	806
Accrued compensation and related benefits	1,597	1,839
Deferred revenues	6,998	7,245
Other current liabilities	2,744	3,317
Total current liabilities	13,754	15,206
Non-current liabilities:
Notes payable, non-current	39,940	39,959
Income taxes payable	4,273	4,386
Other non-current liabilities	2,184	2,254
Total non-current liabilities	$ 46,397	46,599
Commitments and contingencies
Oracle Corporation stockholders' equity:
Preferred stock, $0.01 par value-authorized: 1.0 shares; outstanding: none	$ 0	0
Common stock, $0.01 par value and additional paid in capital-authorized: 11,000 shares; outstanding: 4,208 shares and 4,343 shares as of November 30, 2015 and May 31, 2015, respectively	23,426	23,156
Retained earnings	23,737	26,503
Accumulated other comprehensive loss	(1,239)	(996)
Total Oracle Corporation stockholders' equity	45,924	48,663
Noncontrolling interests	408	435
Total equity	46,332	49,098
Total liabilities and equity	$ 106,483	$ 110,903

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.