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Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Nov. 30, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in accumulated other comprehensive income, net of tax, were as follows:
(in millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at August 31, 2013
 
$
10

 
$
128

 
$
95

 
$
(56
)
 
$
177

Other comprehensive gains (losses) before reclassifications (2)
 
14

 
(85
)
 
—

 
(2
)
 
(73
)
Reclassifications to net income of previously deferred (gains) losses (3)
 
—

 
(15
)
 
—

 
1

 
(14
)
Other comprehensive income (loss)
 
14

 
(100
)
 
—

 
(1
)
 
(87
)
Balance at November 30, 2013
 
$
24

 
$
28

 
$
95

 
$
(57
)
 
$
90

(1)
The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)
Net of tax benefit of $0 million, $9 million, $0 million, $0 million, respectively.
(3)
Net of tax expense of $0 million, $5 million, $0 million, $0 million, respectively.
(in millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2013
 
$
41

 
$
193

 
$
95

 
$
(55
)
 
$
274

Other comprehensive gains (losses) before reclassifications (2)
 
(17
)
 
(120
)
 
—

 
(4
)
 
(141
)
Reclassifications to net income of previously deferred (gains) losses (3)
 
—

 
(45
)
 
—

 
2

 
(43
)
Other comprehensive income (loss)
 
(17
)
 
(165
)
 
—

 
(2
)
 
(184
)
Balance at November 30, 2013
 
$
24

 
$
28

 
$
95

 
$
(57
)
 
$
90

(1)
The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)
Net of tax benefit of $0 million, $7 million, $0 million, $0 million, respectively.
(3)
Net of tax expense of $0 million, $10 million, $0 million, $0 million, respectively.
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the reclassifications from accumulated other comprehensive income to the unaudited condensed consolidated statements of income:
 
 
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
 
 
 
 
Three Months Ended November 30,
 
Six Months Ended November 30,
 
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
(in millions)
 
2013
 
2013
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
Foreign exchange forwards and options
 
$
7

 
$
21

 
Revenue
Foreign exchange forwards and options
 
7

 
23

 
Cost of sales
Foreign exchange forwards and options
 
—

 
—

 
Selling and administrative expense
Foreign exchange forwards and options
 
6

 
11

 
Other expense (income), net
Total before tax
 
20

 
55

 
 
Tax (expense) benefit
 
(5
)
 
(10
)
 
 
Gain net of tax
 
$
15

 
$
45

 
 
 
 
 
 
 
 
 
Gains (losses) on other
 
$
(1
)
 
$
(2
)
 
Other expense (income), net
Total before tax
 
(1
)
 
(2
)
 
 
Tax (expense) benefit
 
—

 
—

 
 
(Loss) net of tax
 
$
(1
)
 
$
(2
)
 
 
 
 


 


 
 
Total net gain reclassified for the period
 
$
14

 
$
43