Property, Plant and Equipment

12 Months Ended

May 31, 2014

Property, Plant and Equipment [Abstract]

NOTE 3 — Property, Plant and Equipment

Property, plant and equipment included the following:



	As of May 31,
(In millions)	2014		2013
Land	$	270	$	268
Buildings	1,261		1,174
Machinery, equipment and internal-use software	3,376		2,985
Leasehold improvements	1,066		945
Construction in process	247		128
Total property, plant and equipment, gross	6,220		5,500
Less accumulated depreciation	3,386		3,048
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	2,834	$	2,452

Capitalized interest was not material for the years ended May 31, 2014, 2013, and 2012. The Company had $74 million and $81 million in capital lease obligations as of May 31, 2014 and May 31, 2013, respectively, included in machinery, equipment and internal-use software.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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