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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
May 31, 2021
Employee Benefits And Share Based Compensation [Abstract]  
Summary of Restricted Stock Based Award Activity

 

 

Restricted Stock-Based Awards Outstanding

 

(in millions, except fair value)

 

Number of

Shares

 

 

Weighted-Average

Grant Date Fair Value

 

Balance, May 31, 2018

 

 

89

 

 

$

42.93

 

Granted

 

 

53

 

 

$

42.47

 

Vested and Issued

 

 

(31

)

 

$

41.85

 

Canceled

 

 

(12

)

 

$

42.97

 

Balance, May 31, 2019

 

 

99

 

 

$

43.01

 

Granted

 

 

50

 

 

$

53.38

 

Vested and Issued

 

 

(34

)

 

$

42.67

 

Canceled

 

 

(14

)

 

$

46.81

 

Balance, May 31, 2020

 

 

101

 

 

$

48.36

 

Granted

 

 

54

 

 

$

54.95

 

Vested and Issued

 

 

(34

)

 

$

46.88

 

Canceled

 

 

(11

)

 

$

50.40

 

Balance, May 31, 2021

 

 

110

 

 

$

51.87

 

Summary of Stock Option Activity

 

 

 

Options Outstanding

 

(in millions, except exercise price)

 

Shares Under

Stock Option

 

 

Weighted-Average

Exercise Price

 

Balance, May 31, 2018

 

 

304

 

 

$

36.11

 

Granted

 

 

7

 

 

$

43.47

 

Exercised

 

 

(72

)

 

$

28.32

 

Canceled

 

 

(17

)

 

$

49.28

 

Balance, May 31, 2019

 

 

222

 

 

$

37.78

 

Granted

 

 

 

 

$

 

Exercised

 

 

(44

)

 

$

33.18

 

Canceled

 

 

(2

)

 

$

44.76

 

Balance, May 31, 2020

 

 

176

 

 

$

38.86

 

Granted

 

 

 

 

$

 

Exercised

 

 

(52

)

 

$

32.05

 

Canceled

 

 

(17

)

 

$

51.02

 

Balance, May 31, 2021

 

 

107

 

 

$

40.14

 

 

 

 

 

Outstanding

Stock Options

(in millions)

 

 

 

 

Weighted-Average

Exercise Price

 

 

 

 

Weighted-Average

Remaining Contract Term

(in years)

 

 

 

 

Aggregate

Intrinsic Value(1)

(in millions)

 

Vested

 

 

67

 

 

 

 

$

34.05

 

 

 

 

 

2.54

 

 

 

 

$

3,000

 

Expected to vest(2)

 

 

9

 

 

 

 

$

48.70

 

 

 

 

 

5.76

 

 

 

 

 

266

 

Total

 

 

76

 

 

 

 

$

35.76

 

 

 

 

 

2.91

 

 

 

 

$

3,266

 

 

(1)

The aggregate intrinsic value was calculated based on the gross difference between our closing stock price on the last trading day of fiscal 2021 of $78.74 and the exercise prices for all “in-the-money” options outstanding, excluding tax effects.

(2)

The unrecognized compensation expense calculated under the fair value method for shares expected to vest (unvested shares net of expected forfeitures) as of May 31, 2021 was approximately $17 million and is expected to be recognized over a weighted-average period of 1.44 years. Approximately 31 million shares outstanding as of May 31, 2021 were not expected to vest.

Stock-Based Compensation Expense

 

 

Year Ended May 31,

 

(in millions)

 

2021

 

 

2020

 

 

2019

 

Cloud services and license support

 

$

134

 

 

$

110

 

 

$

99

 

Hardware

 

 

11

 

 

 

11

 

 

 

10

 

Services

 

 

55

 

 

 

54

 

 

 

49

 

Sales and marketing

 

 

313

 

 

 

261

 

 

 

360

 

Research and development

 

 

1,188

 

 

 

1,035

 

 

 

963

 

General and administrative

 

 

136

 

 

 

119

 

 

 

172

 

Total stock-based compensation

 

 

1,837

 

 

 

1,590

 

 

 

1,653

 

Estimated income tax benefit included in provision for income taxes

 

 

(413

)

 

 

(343

)

 

 

(358

)

Total stock-based compensation, net of estimated income tax benefit

 

$

1,424

 

 

$

1,247

 

 

$

1,295