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NOTES PAYABLE AND OTHER BORROWINGS (Tables)
6 Months Ended
Nov. 30, 2016
Debt Disclosure [Abstract]  
Notes Payable and Other Borrowings

 

 

 

 

 

November 30, 2016

(Dollars in millions)

 

Date of

Issuance

 

Amount

 

 

Effective Interest Rate

$4,250, 1.90%, due September 2021

 

July 2016

 

$

4,250

 

 

1.94%

$2,500, 2.40%, due September 2023

 

July 2016

 

 

2,500

 

 

2.40%

$3,000, 2.65%, due July 2026

 

July 2016

 

 

3,000

 

 

2.69%

$1,250, 3.85%, due July 2036

 

July 2016

 

 

1,250

 

 

3.85%

$3,000, 4.00%, due July 2046

 

July 2016

 

 

3,000

 

 

4.00%

Total fixed rate senior notes

 

 

 

$

14,000

 

 

 

Unamortized discount/issuance costs

 

 

 

 

(65

)

 

 

Total fixed rate senior notes, net

 

 

 

$

13,935