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NOTES PAYABLE AND OTHER BORROWINGS (Details)
€ in Millions, $ in Millions
12 Months Ended
May 31, 2021
USD ($)
May 31, 2021
EUR (€)
Mar. 24, 2021
USD ($)
May 31, 2020
USD ($)
Jul. 10, 2013
EUR (€)
Debt Instrument [Line Items]          
Notes payable and other borrowings $ 84,529     $ 71,807  
Unamortized discount/issuance costs (315)     (285)  
Hedge accounting fair value adjustments [1],[2] 31     75  
Total notes payable and other borrowings 84,245     71,597  
Notes payable, current 8,250     2,371  
Notes payable and other borrowings, non-current 75,995     69,226  
Senior notes and other borrowings, par value $ 84,484   $ 15,000   € 2,000
3.875% senior notes due July 2020 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 12, 2010        
Notes payable and other borrowings       $ 1,000  
Effective interest rate       3.93%  
Senior notes and other borrowings, par value $ 1,000        
Stated interest rate percentage 3.875% 3.875%      
Maturity date Jul. 15, 2020        
2.25% senior notes due January 2021 [Member]          
Debt Instrument [Line Items]          
Date of issuance [3],[4] Jul. 10, 2013        
Notes payable and other borrowings [3],[4]       $ 1,371  
Effective interest rate [3],[4]       2.33%  
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        
2.80% senior notes due July 2021 [Member]          
Debt Instrument [Line Items]          
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%  
Senior notes and other borrowings, par value [2] $ 1,500        
Stated interest rate percentage 2.80% 2.80%      
Maturity date [2] Jul. 08, 2021        
1.90% senior notes due September 2021 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 4,250     $ 4,250  
Effective interest rate 1.94% 1.94%   1.94%  
Senior notes and other borrowings, par value $ 4,250        
Stated interest rate percentage 1.90% 1.90%      
Maturity date Sep. 15, 2021        
2.50% senior notes due May 2022 [Member]          
Debt Instrument [Line Items]          
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 2,500     $ 2,500  
Effective interest rate 2.56% 2.56%   2.56%  
Senior notes and other borrowings, par value $ 2,500        
Stated interest rate percentage 2.50% 2.50%      
Maturity date May 15, 2022        
2.50% senior notes due October 2022 [Member]          
Debt Instrument [Line Items]          
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 and other borrowings, par value $ 2,500        
Stated interest rate percentage 2.50% 2.50%      
Maturity date Oct. 15, 2022        
2.625% senior notes due February 2023 [Member]          
Debt Instrument [Line Items]          
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 2.64% 2.64%   2.64%  
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 2.625% 2.625%      
Maturity date Feb. 15, 2023        
3.625% senior notes due July 2023 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 16, 2013        
Notes payable and other borrowings $ 1,000     $ 1,000  
Effective interest rate 3.73% 3.73%   3.73%  
Senior notes and other borrowings, par value $ 1,000        
Stated interest rate percentage 3.625% 3.625%      
Maturity date Jul. 23, 2023        
2.40% senior notes due September 2023 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 2,500     $ 2,500  
Effective interest rate 2.40% 2.40%   2.40%  
Senior notes and other borrowings, par value $ 2,500        
Stated interest rate percentage 2.40% 2.40%      
Maturity date Sep. 15, 2023        
3.40% senior notes due July 2024 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 08, 2014        
Notes payable and other borrowings $ 2,000     $ 2,000  
Effective interest rate 3.43% 3.43%   3.43%  
Senior notes and other borrowings, par value $ 2,000        
Stated interest rate percentage 3.40% 3.40%      
Maturity date Jul. 08, 2024        
2.95% senior notes due November 2024 [Member]          
Debt Instrument [Line Items]          
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 2,000     $ 2,000  
Effective interest rate 2.98% 2.98%   2.98%  
Senior notes and other borrowings, par value $ 2,000        
Stated interest rate percentage 2.95% 2.95%      
Maturity date Nov. 15, 2024        
2.50% senior notes due April 2025 [Member]          
Debt Instrument [Line Items]          
Date of issuance Apr. 01, 2020        
Notes payable and other borrowings $ 3,500     $ 3,500  
Effective interest rate 2.51% 2.51%   2.51%  
Senior notes and other borrowings, par value $ 3,500        
Stated interest rate percentage 2.50% 2.50%      
Maturity date Apr. 01, 2025        
2.95% senior notes due May 2025 [Member]          
Debt Instrument [Line Items]          
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 and other borrowings, par value $ 2,500        
Stated interest rate percentage 2.95% 2.95%      
Maturity date May 15, 2025        
3.125% senior notes due July 2025 [Member]          
Debt Instrument [Line Items]          
Date of issuance [1],[3] Jul. 10, 2013        
Notes payable and other borrowings [1],[3] $ 916     $ 823  
Effective interest rate [1],[3] 3.17% 3.17%   3.17%  
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        
1.65% senior notes due March 2026 [Member]          
Debt Instrument [Line Items]          
Date of issuance [5] Mar. 31, 2021        
Notes payable and other borrowings [5] $ 2,750        
Effective interest rate [5] 1.66% 1.66%      
Senior notes and other borrowings, par value [5] $ 2,750        
Stated interest rate percentage 1.65% 1.65%      
Maturity date [5] Mar. 25, 2026        
2.65% senior notes due July 2026 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 3,000     $ 3,000  
Effective interest rate 2.69% 2.69%   2.69%  
Senior notes and other borrowings, par value $ 3,000        
Stated interest rate percentage 2.65% 2.65%      
Maturity date Jul. 15, 2026        
2.80% senior notes due April 2027 [Member]          
Debt Instrument [Line Items]          
Date of issuance Apr. 01, 2020        
Notes payable and other borrowings $ 2,250     $ 2,250  
Effective interest rate 2.83% 2.83%   2.83%  
Senior notes and other borrowings, par value $ 2,250        
Stated interest rate percentage 2.80% 2.80%      
Maturity date Apr. 01, 2027        
3.25% senior notes due November 2027 [Member]          
Debt Instrument [Line Items]          
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 2,750     $ 2,750  
Effective interest rate 3.26% 3.26%   3.26%  
Senior notes and other borrowings, par value $ 2,750        
Stated interest rate percentage 3.25% 3.25%      
Maturity date Nov. 15, 2027        
2.30% senior notes due March 2028 [Member]          
Debt Instrument [Line Items]          
Date of issuance [5] Mar. 31, 2021        
Notes payable and other borrowings [5] $ 2,000        
Effective interest rate [5] 2.34% 2.34%      
Senior notes and other borrowings, par value [5] $ 2,000        
Stated interest rate percentage 2.30% 2.30%      
Maturity date [5] Mar. 25, 2028        
2.95% senior notes due April 2030 [Member]          
Debt Instrument [Line Items]          
Date of issuance Apr. 01, 2020        
Notes payable and other borrowings $ 3,250     $ 3,250  
Effective interest rate 2.96% 2.96%   2.96%  
Senior notes and other borrowings, par value $ 3,250        
Stated interest rate percentage 2.95% 2.95%      
Maturity date Apr. 01, 2030        
3.25% senior notes due May 2030 [Member]          
Debt Instrument [Line Items]          
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 500     $ 500  
Effective interest rate 3.30% 3.30%   3.30%  
Senior notes and other borrowings, par value $ 500        
Stated interest rate percentage 3.25% 3.25%      
Maturity date May 15, 2030        
2.875% senior notes due March 2031 [Member]          
Debt Instrument [Line Items]          
Date of issuance [5] Mar. 31, 2021        
Notes payable and other borrowings [5] $ 3,250        
Effective interest rate [5] 2.89% 2.89%      
Senior notes and other borrowings, par value [5] $ 3,250        
Stated interest rate percentage 2.875% 2.875%      
Maturity date [5] Mar. 31, 2031        
4.30% senior notes due July 2034 [Member]          
Debt Instrument [Line Items]          
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 and other borrowings, par value $ 1,750        
Stated interest rate percentage 4.30% 4.30%      
Maturity date Jul. 08, 2034        
3.90% senior notes due May 2035 [Member]          
Debt Instrument [Line Items]          
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 3.95% 3.95%   3.95%  
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 3.90% 3.90%      
Maturity date May 15, 2035        
3.85% senior notes due July 2036 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 3.85% 3.85%   3.85%  
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 3.85% 3.85%      
Maturity date Jul. 15, 2036        
3.80% senior notes due November 2037 [Member]          
Debt Instrument [Line Items]          
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 1,750     $ 1,750  
Effective interest rate 3.83% 3.83%   3.83%  
Senior notes and other borrowings, par value $ 1,750        
Stated interest rate percentage 3.80% 3.80%      
Maturity date Nov. 15, 2037        
6.50% senior notes due April 2038 [Member]          
Debt Instrument [Line Items]          
Date of issuance Apr. 09, 2008        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 6.52% 6.52%   6.52%  
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 6.50% 6.50%      
Maturity date Apr. 15, 2038        
6.125% senior notes due July 2039 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 08, 2009        
Notes payable and other borrowings $ 1,250     $ 1,250  
Effective interest rate 6.19% 6.19%   6.19%  
Senior notes and other borrowings, par value $ 1,250        
Stated interest rate percentage 6.125% 6.125%      
Maturity date Jul. 08, 2039        
3.60% senior notes due April 2040 [Member]          
Debt Instrument [Line Items]          
Date of issuance Apr. 01, 2020        
Notes payable and other borrowings $ 3,000     $ 3,000  
Effective interest rate 3.62% 3.62%   3.62%  
Senior notes and other borrowings, par value $ 3,000        
Stated interest rate percentage 3.60% 3.60%      
Maturity date Apr. 01, 2040        
4.50% senior notes due July 2044 [Member]          
Debt Instrument [Line Items]          
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 and other borrowings, par value $ 2,250        
Stated interest rate percentage 5.375% 5.375%      
Maturity date Jul. 15, 2040        
3.65% senior notes due March 2041 [Member]          
Debt Instrument [Line Items]          
Date of issuance [5] Mar. 31, 2021        
Notes payable and other borrowings [5] $ 2,250        
Effective interest rate [5] 3.70% 3.70%      
Senior notes and other borrowings, par value [5] $ 2,250        
Stated interest rate percentage 3.65% 3.65%      
Maturity date [5] Mar. 25, 2041        
4.50% senior notes due July 2044 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 08, 2014        
Notes payable and other borrowings $ 1,000     $ 1,000  
Effective interest rate 4.50% 4.50%   4.50%  
Senior notes and other borrowings, par value $ 1,000        
Stated interest rate percentage 4.50% 4.50%      
Maturity date Jul. 08, 2044        
4.125% senior notes due May 2045 [Member]          
Debt Instrument [Line Items]          
Date of issuance May 05, 2015        
Notes payable and other borrowings $ 2,000     $ 2,000  
Effective interest rate 4.15% 4.15%   4.15%  
Senior notes and other borrowings, par value $ 2,000        
Stated interest rate percentage 4.125% 4.125%      
Maturity date May 15, 2045        
4.00% senior notes due July 2046 [Member]          
Debt Instrument [Line Items]          
Date of issuance Jul. 07, 2016        
Notes payable and other borrowings $ 3,000     $ 3,000  
Effective interest rate 4.00% 4.00%   4.00%  
Senior notes and other borrowings, par value $ 3,000        
Stated interest rate percentage 4.00% 4.00%      
Maturity date Jul. 15, 2046        
4.00% senior notes due November 2047 [Member]          
Debt Instrument [Line Items]          
Date of issuance Nov. 09, 2017        
Notes payable and other borrowings $ 2,250     $ 2,250  
Effective interest rate 4.03% 4.03%   4.03%  
Senior notes and other borrowings, par value $ 2,250        
Stated interest rate percentage 4.00% 4.00%      
Maturity date Nov. 15, 2047        
3.60% senior notes due April 2050 [Member]          
Debt Instrument [Line Items]          
Date of issuance Apr. 01, 2020        
Notes payable and other borrowings $ 4,500     $ 4,500  
Effective interest rate 3.62% 3.62%   3.62%  
Senior notes and other borrowings, par value $ 4,500        
Stated interest rate percentage 3.60% 3.60%      
Maturity date Apr. 01, 2050        
3.95% senior notes due March 2051 [Member]          
Debt Instrument [Line Items]          
Date of issuance [5] Mar. 31, 2021        
Notes payable and other borrowings [5] $ 3,250        
Effective interest rate [5] 3.96% 3.96%      
Senior notes and other borrowings, par value [5] $ 3,250        
Stated interest rate percentage 3.95% 3.95%      
Maturity date [5] Mar. 25, 2051        
4.375% senior notes due May 2055 [Member]          
Debt Instrument [Line Items]          
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 and other borrowings, par value $ 1,250        
Stated interest rate percentage 4.375% 4.375%      
Maturity date May 15, 2055        
3.85% senior notes due April 2060 [Member]          
Debt Instrument [Line Items]          
Date of issuance Apr. 01, 2020        
Notes payable and other borrowings $ 3,500     $ 3,500  
Effective interest rate 3.87% 3.87%   3.87%  
Senior notes and other borrowings, par value $ 3,500        
Stated interest rate percentage 3.85% 3.85%      
Maturity date Apr. 01, 2060        
4.10% senior notes due March 2061 [Member]          
Debt Instrument [Line Items]          
Date of issuance [5] Mar. 31, 2021        
Notes payable and other borrowings [5] $ 1,500        
Effective interest rate [5] 4.11% 4.11%      
Senior notes and other borrowings, par value [5] $ 1,500        
Stated interest rate percentage 4.10% 4.10%      
Maturity date [5] Mar. 25, 2061        
Other borrowings due August 2025 [Member]          
Debt Instrument [Line Items]          
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, 2021 and 2020 after consideration of the cross-currency interest rate swap agreements were 3.15% and 4.46%, 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 2.80% 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 0.87% and 1.99%, respectively, for the July 2021 Notes as of May 31, 2021 and 2020, respectively. Refer to Notes 1 and 10 for a description of our accounting for fair value hedges associated with our July 2021 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 that were due and were settled in 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 applicable, as of May 31, 2021 and May 31, 2020, respectively. The July 2025 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, all of which were cash settled upon their maturity during fiscal 2021 (see Note 10 for additional information).
[5] In March 2021, we issued $15.0 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.