Accumulated Other Comprehensive Income

12 Months Ended

May 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

NOTE 14 — 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 May 31, 2013	$	41		$	193		$	95	$	(55	)	$	274
Other comprehensive gains (losses) before reclassifications (2)	(32		)	(134		)	—		—			(166		)
Reclassifications to net income of previously deferred (gains) losses (3)	—			(27		)	—		4			(23		)
Other comprehensive income (loss)	(32		)	(161		)	—		4			(189		)
Balance at May 31, 2014	$	9		$	32		$	95	$	(51	)	$	85

(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, and $9 million, respectively.

(3) Net of tax expense of $0 million, $9 million, $0 million, $0 million, and $9 million, respectively.

The following table summarizes the reclassifications from Accumulated other comprehensive income to the Consolidated Statements of Income:

	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income			Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
(In millions)	Year Ended May 31, 2014
Gains on cash flow hedges:
Foreign exchange forwards and options	$	14		Revenues
Foreign exchange forwards and options	12			Cost of sales
Foreign exchange forwards and options	—			Total selling and administrative expense
Foreign exchange forwards and options	10			Other expense (income), net
Total before tax	36
Tax expense	(9		)
Gain, net of tax	27
Losses on other	(4		)	Other expense (income), net
Total before tax	(4		)
Tax expense	—
Loss, net of tax	(4		)
Total net gain reclassified for the period	$	23

Refer to Note 17— Risk Management and Derivatives for more information on the Company's risk management program and derivatives.