Accrued Liabilities

6 Months Ended

Nov. 30, 2014

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 3 — Accrued Liabilities

Accrued liabilities included the following:

	As of November 30,		As of May 31,
(In millions)	2014		2014
Compensation and benefits, excluding taxes	$	666	$	782
Endorsement compensation	295		328
Taxes other than income taxes	245		204
Dividends payable	242		209
Collateral received from counterparties to foreign currency hedging instruments	170		—
Advertising and marketing	161		133
Import and logistics costs	112		127
Fair value of derivatives	55		85
Other(1)	676		623
TOTAL ACCRUED LIABILITIES	$	2,622	$	2,491

(1) Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at November 30, 2014 and May 31, 2014.