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NOTES PAYABLE AND OTHER BORROWINGS (Details)
€ in Millions, $ in Millions
12 Months Ended
May 31, 2020
USD ($)
May 31, 2020
EUR (€)
Apr. 01, 2020
USD ($)
May 31, 2019
USD ($)
Jul. 10, 2013
EUR (€)
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 72,115   $ 20,000   € 2,000
Notes payable and other borrowings 71,807     $ 56,342  
Unamortized discount/issuance costs (285)     (202)  
Hedge accounting fair value adjustments [1],[2] 75     27  
Total notes payable and other borrowings 71,597     56,167  
Notes payable, current 2,371     4,494  
Notes payable and other borrowings, non-current 69,226     51,673  
5.00% senior notes due July 2019 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,750        
Stated interest rate percentage 5.00% 5.00%      
Maturity date Jul. 08, 2019        
Date of issuance Jul. 09, 2009        
Notes payable and other borrowings       $ 1,750  
Effective interest rate       5.05%  
2.25% senior notes due October 2019 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value [2] $ 2,000        
Stated interest rate percentage 2.25% 2.25%      
Maturity date [2] Oct. 08, 2019        
Date of issuance [2] Jul. 08, 2014        
Notes payable and other borrowings [2]       $ 2,000  
Effective interest rate [2]       2.27%  
3.875% senior notes due July 2020 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,000        
Stated interest rate percentage 3.875% 3.875%      
Maturity date Jul. 15, 2020        
Date of issuance Jul. 12, 2010        
Notes payable and other borrowings $ 1,000     $ 1,000  
Effective interest rate 3.93% 3.93%   3.93%  
2.25% senior notes due January 2021 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value | €   € 1,250 [3],[4]     1,250
Stated interest rate percentage 2.25% 2.25%      
Maturity date [3],[4] Jan. 10, 2021        
Date of issuance [3],[4] Jul. 10, 2013        
Notes payable and other borrowings [3],[4] $ 1,371     $ 1,393  
Effective interest rate [3],[4] 2.33% 2.33%   2.33%  
2.80% senior notes due July 2021 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value [2] $ 1,500        
Stated interest rate percentage 2.80% 2.80%      
Maturity date [2] Jul. 08, 2021        
Date of issuance [2] Jul. 08, 2014        
Notes payable and other borrowings [2] $ 1,500     $ 1,500  
Effective interest rate [2] 2.82% 2.82%   2.82%  
1.90% senior notes due September 2021 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 4,250        
Stated interest rate percentage 1.90% 1.90%      
Maturity date Sep. 15, 2021        
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 4,250     $ 4,250  
Effective interest rate 1.94% 1.94%   1.94%  
2.50% senior notes due May 2022 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,500        
Stated interest rate percentage 2.50% 2.50%      
Maturity date May 15, 2022        
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 2,500     $ 2,500  
Effective interest rate 2.56% 2.56%   2.56%  
2.50% senior notes due October 2022 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,500        
Stated interest rate percentage 2.50% 2.50%      
Maturity date Oct. 15, 2022        
Date of issuance Oct. 25, 2012        
Notes payable and other borrowings $ 2,500     $ 2,500  
Effective interest rate 2.51% 2.51%   2.51%  
Senior Notes Due February2023          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 2.625% 2.625%      
Maturity date Feb. 15, 2023        
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 2.64% 2.64%   2.64%  
3.625% senior notes due July 2023 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,000        
Stated interest rate percentage 3.625% 3.625%      
Maturity date Jul. 23, 2023        
Date of issuance Jul. 16, 2013        
Notes payable and other borrowings $ 1,000     $ 1,000  
Effective interest rate 3.73% 3.73%   3.73%  
2.40% senior notes due September 2023 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,500        
Stated interest rate percentage 2.40% 2.40%      
Maturity date Sep. 15, 2023        
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 2,500     $ 2,500  
Effective interest rate 2.40% 2.40%   2.40%  
3.40% senior notes due July 2024 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,000        
Stated interest rate percentage 3.40% 3.40%      
Maturity date Jul. 08, 2024        
Date of issuance Jul. 08, 2014        
Notes payable and other borrowings $ 2,000     $ 2,000  
Effective interest rate 3.43% 3.43%   3.43%  
2.50% senior notes due April 2025 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value [5] $ 3,500        
Stated interest rate percentage 2.50% 2.50%      
Maturity date [5] Apr. 01, 2025        
Date of issuance [5] Apr. 01, 2020        
Notes payable and other borrowings [5] $ 3,500        
Effective interest rate [5] 2.51% 2.51%      
2.95% senior notes due May 2025 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,500        
Stated interest rate percentage 2.95% 2.95%      
Maturity date May 15, 2025        
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 2,500     $ 2,500  
Effective interest rate 3.00% 3.00%   3.00%  
Senior Notes Due November2024          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,000        
Stated interest rate percentage 2.95% 2.95%      
Maturity date Nov. 15, 2024        
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 2,000     $ 2,000  
Effective interest rate 2.98% 2.98%   2.98%  
3.125% senior notes due July 2025 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value | €   € 750 [1],[3]     € 750
Stated interest rate percentage 3.125% 3.125%      
Maturity date [1],[3] Jul. 10, 2025        
Date of issuance [1],[3] Jul. 10, 2013        
Notes payable and other borrowings [1],[3] $ 823     $ 836  
Effective interest rate [1],[3] 3.17% 3.17%   3.17%  
2.65% senior notes due July 2026 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 3,000        
Stated interest rate percentage 2.65% 2.65%      
Maturity date Jul. 15, 2026        
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 3,000     $ 3,000  
Effective interest rate 2.69% 2.69%   2.69%  
2.80% senior notes due April 2027 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value [5] $ 2,250        
Stated interest rate percentage 2.80% 2.80%      
Maturity date [5] Apr. 01, 2027        
Date of issuance [5] Apr. 01, 2020        
Notes payable and other borrowings [5] $ 2,250        
Effective interest rate [5] 2.83% 2.83%      
3.25% senior notes due May 2030 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 500        
Stated interest rate percentage 3.25% 3.25%      
Maturity date May 15, 2030        
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 500     $ 500  
Effective interest rate 3.30% 3.30%   3.30%  
4.30% senior notes due July 2034 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,750        
Stated interest rate percentage 4.30% 4.30%      
Maturity date Jul. 08, 2034        
Date of issuance Jul. 08, 2014        
Notes payable and other borrowings $ 1,750     $ 1,750  
Effective interest rate 4.30% 4.30%   4.30%  
Senior Notes Due November2027          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,750        
Stated interest rate percentage 3.25% 3.25%      
Maturity date Nov. 15, 2027        
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 2,750     $ 2,750  
Effective interest rate 3.26% 3.26%   3.26%  
2.95% senior notes due April 2030 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value [5] $ 3,250        
Stated interest rate percentage 2.95% 2.95%      
Maturity date [5] Apr. 01, 2030        
Date of issuance [5] Apr. 01, 2020        
Notes payable and other borrowings [5] $ 3,250        
Effective interest rate [5] 2.96% 2.96%      
3.90% senior notes due May 2035 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 3.90% 3.90%      
Maturity date May 15, 2035        
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 3.95% 3.95%   3.95%  
3.85% senior notes due July 2036 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 3.85% 3.85%      
Maturity date Jul. 15, 2036        
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 3.85% 3.85%   3.85%  
6.50% senior notes due April 2038 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 6.50% 6.50%      
Maturity date Apr. 15, 2038        
Date of issuance Apr. 09, 2008        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 6.52% 6.52%   6.52%  
6.125% senior notes due July 2039 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 6.125% 6.125%      
Maturity date Jul. 08, 2039        
Date of issuance Jul. 08, 2009        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 6.19% 6.19%   6.19%  
5.375% senior notes due July 2040 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,250        
Stated interest rate percentage 5.375% 5.375%      
Maturity date Jul. 15, 2040        
Date of issuance Jul. 12, 2010        
Notes payable and other borrowings $ 2,250     $ 2,250  
Effective interest rate 5.45% 5.45%   5.45%  
Senior Notes Due November2037          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,750        
Stated interest rate percentage 3.80% 3.80%      
Maturity date Nov. 15, 2037        
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 1,750     $ 1,750  
Effective interest rate 3.83% 3.83%   3.83%  
4.50% senior notes due July 2044 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,000        
Stated interest rate percentage 4.50% 4.50%      
Maturity date Jul. 08, 2044        
Date of issuance Jul. 08, 2014        
Notes payable and other borrowings $ 1,000     $ 1,000  
Effective interest rate 4.50% 4.50%   4.50%  
4.125% senior notes due May 2045 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,000        
Stated interest rate percentage 4.125% 4.125%      
Maturity date May 15, 2045        
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 2,000     $ 2,000  
Effective interest rate 4.15% 4.15%   4.15%  
4.00% senior notes due July 2046 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 3,000        
Stated interest rate percentage 4.00% 4.00%      
Maturity date Jul. 15, 2046        
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 3,000     $ 3,000  
Effective interest rate 4.00% 4.00%   4.00%  
3.60% senior notes due April 2040 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value [5] $ 3,000        
Stated interest rate percentage 3.60% 3.60%      
Maturity date [5] Apr. 30, 2040        
Date of issuance [5] Apr. 01, 2020        
Notes payable and other borrowings [5] $ 3,000        
Effective interest rate [5] 3.62% 3.62%      
4.375% senior notes due May 2055 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 4.375% 4.375%      
Maturity date May 15, 2055        
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 4.40% 4.40%   4.40%  
Senior Notes Due November2047          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 2,250        
Stated interest rate percentage 4.00% 4.00%      
Maturity date Nov. 15, 2047        
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 2,250     $ 2,250  
Effective interest rate 4.03% 4.03%   4.03%  
3.60% senior notes due April 2050 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value [5] $ 4,500        
Stated interest rate percentage 3.60% 3.60%      
Maturity date [5] Apr. 01, 2050        
Date of issuance [5] Apr. 01, 2020        
Notes payable and other borrowings [5] $ 4,500        
Effective interest rate [5] 3.62% 3.62%      
3.85% senior notes due April 2060 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value [5] $ 3,500        
Stated interest rate percentage 3.85% 3.85%      
Maturity date [5] Apr. 01, 2060        
Date of issuance [5] Apr. 01, 2020        
Notes payable and other borrowings [5] $ 3,500        
Effective interest rate [5] 3.87% 3.87%      
Floating rate senior notes due October 2019 [Member]          
Debt Instrument [Line Items]          
Senior notes and other borrowings, par value $ 750        
Maturity date Oct. 08, 2019        
Debt instrument LIBOR rate 0.51%        
Date of issuance Jul. 08, 2014        
Notes payable and other borrowings       $ 750  
Effective interest rate       3.10%  
Other Borrowings Due August2025          
Debt Instrument [Line Items]          
Maturity date Aug. 01, 2025        
Date of issuance Nov. 07, 2016        
Notes payable and other borrowings $ 113     $ 113  
Effective interest rate 3.53% 3.53%   3.53%  
[1] In fiscal 2018 we entered into certain cross-currency interest rate swap agreements that have the economic effect of converting our fixed-rate, Euro-denominated debt, including annual interest payments and the payment of principal at maturity, to a variable-rate, U.S. Dollar-denominated debt of $871 million based on LIBOR. The effective interest rates as of May 31, 2020 and 2019 after consideration of the cross-currency interest rate swap agreements were 4.46% and 5.74%, respectively, for the July 2025 Notes. Refer to Notes 1 and 10 for a description of our accounting for fair value hedges.
[2] We entered into certain interest rate swap agreements that have the economic effects of modifying the fixed-interest obligations associated with the 2.25% senior notes that were due and were settled in October 2019 (October 2019 Notes) and the 2.80% senior notes due July 2021 (July 2021 Notes) so that the interest payable on these notes effectively became variable based on LIBOR. The effective interest rates after consideration of these fixed to variable interest rate swap agreements were 3.07% as of May 31, 2019 for the October 2019 Notes, and 1.99% and 3.22%, respectively, for the July 2021 Notes as of May 31, 2020 and 2019, respectively. Refer to Notes 1 and 10 for a description of our accounting for fair value hedges associated with our July 2021 Notes and to our Annual Report for the year ended May 31, 2019 for a description of our accounting for fair value hedges associated with our October 2019 Notes.
[3] In July 2013, we issued €2.0 billion of fixed-rate senior notes comprised of €1.25 billion of 2.25% senior notes due January 2021 (January 2021 Notes) and €750 million of 3.125% senior notes due July 2025 (July 2025 Notes, and together with the January 2021 Notes, the Euro Notes). Principal and unamortized discount/issuance costs for the Euro Notes in the table above were calculated using foreign currency exchange rates as of May 31, 2020 and May 31, 2019, respectively. The Euro Notes are registered and trade on the New York Stock Exchange.
[4] In connection with the issuance of the January 2021 Notes, we entered into certain cross-currency swap agreements that have the economic effect of converting our fixed-rate, Euro-denominated debt, including annual interest payments and the payment of principal at maturity, to a fixed-rate, U.S. Dollar-denominated debt of $1.6 billion with a fixed annual interest rate of 3.53% (see Note 10 for additional information).
[5] In April 2020, we issued $20.0 billion of senior notes for general corporate purposes, which may include stock repurchases, payment of cash dividends on our common stock and repayment of indebtedness and future acquisitions. The interest is payable semi-annually. We may redeem some or all of the senior notes of each series prior to their maturity, subject to certain restrictions, and the payment of an applicable make-whole premium in certain instances.