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Accumulated Other Comprehensive Income
 12 Months Ended
May. 31, 2015
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, 2014
 
$
9

 
$
32

 
$
95

 
$
(51
)
 
$
85

Other comprehensive gains (losses) before reclassifications(2)
 
(20
)
 
1,447

 
—

 
33

 
1,460

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

 
(259
)
 
—

 
(40
)
 
(299
)
Other comprehensive income (loss)
 
(20
)
 
1,188

 
—

 
(7
)
 
1,161

Balance at May 31, 2015
 
$
(11
)
 
$
1,220

 
$
95

 
$
(58
)
 
$
1,246

(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 (expense) of $0 million, $(33) million, $0 million, $0 million and $(33) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $2 million, $0 million, $0 million and $2 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)
 
(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 (expense) of $0 million, $9 million, $0 million, $0 million and $9 million, respectively.
(3)
Net of tax (benefit) 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
 
 
 
 
Year Ended May 31,
(In millions)
 
2015
 
2014
Gains (losses) on cash flow hedges:
 
 
 
 
 
Foreign exchange forwards and options
 
$
(95
)
 
$
14

Revenues
Foreign exchange forwards and options
 
220

 
12

Cost of sales
Foreign exchange forwards and options
 
—

 
—

Total selling and administrative expense
Foreign exchange forwards and options
 
136

 
10

Other (income) expense, net
Total before tax
 
261

 
36

 
Tax expense
 
(2
)
 
(9
)
 
Gain, net of tax
 
259

 
27

 
Gains (losses) on other
 
40

 
(4
)
Other (income) expense, net
Total before tax
 
40

 
(4
)
 
Tax expense
 
—

 
—

 
Gain (loss), net of tax
 
40

 
(4
)
 
Total net gain reclassified for the period
 
$
299

 
$
23

 

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