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NOTES PAYABLE AND OTHER BORROWINGS (Tables)
9 Months Ended
Feb. 28, 2023
Debt Disclosure [Abstract]  
Notes Payable and Other Borrowings

 

 

 

 

February 28, 2023

(Dollars in millions)

 

Date of

Issuance

 

Amount

 

 

Effective

Interest

Rate

$1,000, 5.80%, due November 2025

 

November 2022

 

$

1,000

 

 

5.93%

$750, 4.50%, due May 2028

 

February 2023

 

 

750

 

 

4.60%

$1,250, 6.15%, due November 2029

 

November 2022

 

 

1,250

 

 

6.21%

$750, 4.65%, due May 2030

 

February 2023

 

 

750

 

 

4.75%

$2,250, 6.25%, due November 2032

 

November 2022

 

 

2,250

 

 

6.32%

$1,500, 4.90%, due February 2033

 

February 2023

 

 

1,500

 

 

4.95%

$2,500, 6.90%, due November 2052

 

November 2022

 

 

2,500

 

 

6.94%

$2,250, 5.55%, due February 2053

 

February 2023

 

 

2,250

 

 

5.62%

Total fixed rate senior notes

 

 

 

$

12,250

 

 

 

Unamortized discount/issuance costs

 

 

 

 

(67

)

 

 

Total fixed-rate senior notes, net

 

 

 

$

12,183