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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
May 31, 2022
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, 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

 

Granted

 

 

65

 

 

$

85.07

 

Vested and issued

 

 

(38

)

 

$

50.52

 

Canceled

 

 

(9

)

 

$

63.25

 

Balance, May 31, 2022

 

 

128

 

 

$

68.34

 
Summary of Stock Option Activity

 

 

 

Options Outstanding

 

(in millions, except exercise price)

 

Shares Under

Stock Option

 

 

Weighted-Average

Exercise Price

 

Balance, May 31, 2019

 

 

222

 

 

$

37.78

 

Granted and assumed

 

 

—

 

 

$

—

 

Exercised

 

 

(44

)

 

$

33.18

 

Canceled

 

 

(2

)

 

$

44.76

 

Balance, May 31, 2020

 

 

176

 

 

$

38.86

 

Granted and assumed

 

 

—

 

 

$

—

 

Exercised

 

 

(52

)

 

$

32.05

 

Canceled

 

 

(17

)

 

$

51.02

 

Balance, May 31, 2021

 

 

107

 

 

$

40.14

 

Granted

 

 

—

 

 

$

—

 

Exercised

 

 

(10

)

 

$

34.34

 

Canceled

 

 

—

 

 

$

—

 

Balance, May 31, 2022

 

 

97

 

 

$

40.70

 

 

 

 

 

Outstanding

Stock Options

(in millions)

 

 

Weighted-Average

Exercise Price

 

 

Weighted-Average

Remaining Contract Term

(in years)

 

 

Aggregate

Intrinsic Value(1)

(in millions)

 

Vested

 

 

65

 

 

$

35.81

 

 

 

1.83

 

 

$

2,360

 

Expected to vest(2)

 

 

12

 

 

$

50.38

 

 

 

3.67

 

 

 

245

 

Total

 

 

77

 

 

$

37.97

 

 

 

2.10

 

 

$

2,605

 

 

(1)

The aggregate intrinsic value was calculated based on the gross difference between our closing stock price on the last trading day of fiscal 2022 of $71.92 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, 2022 was approximately $190 million and is expected to be recognized over a weighted-average period of 2.98 years. Approximately 20 million shares outstanding as of May 31, 2022 were not expected to vest.
Stock-Based Compensation Expense

 

 

Year Ended May 31,

 

(in millions)

 

2022

 

 

2021

 

 

2020

 

Cloud services and license support

 

$

205

 

 

$

134

 

 

$

110

 

Hardware

 

 

15

 

 

 

11

 

 

 

11

 

Services

 

 

67

 

 

 

55

 

 

 

54

 

Sales and marketing

 

 

448

 

 

 

313

 

 

 

261

 

Research and development

 

 

1,633

 

 

 

1,188

 

 

 

1,035

 

General and administrative

 

 

245

 

 

 

136

 

 

 

119

 

Total stock-based compensation

 

 

2,613

 

 

 

1,837

 

 

 

1,590

 

Estimated income tax benefit included in provision for income taxes

 

 

(593

)

 

 

(413

)

 

 

(343

)

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

 

$

2,020

 

 

$

1,424

 

 

$

1,247