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Accumulated Other Comprehensive Income
 3 Months Ended
Aug. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
NOTE 10 — Accumulated Other Comprehensive Income
The changes in Accumulated other comprehensive income, net of tax, for the three months ended August 31, 2015 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2015
 
$
(11
)
 
$
1,220

 
$
95

 
$
(58
)
 
$
1,246

Other comprehensive gains (losses) before reclassifications(2)
 
(81
)
 
(182
)
 
—

 
—

 
(263
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
(147
)
 
—

 
(3
)
 
(150
)
Other comprehensive income (loss)
 
(81
)
 
(329
)
 
—

 
(3
)
 
(413
)
Balance at August 31, 2015
 
$
(92
)
 
$
891

 
$
95

 
$
(61
)
 
$
833

(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, $(2) million, $0 million, $0 million and $(2) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $1 million, $0 million, $0 million and $1 million, respectively.
The changes in Accumulated other comprehensive income, net of tax, for the three months ended August 31, 2014 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)
 
2

 
119

 
—

 
5

 
126

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

 
16

 
—

 
(3
)
 
13

Other comprehensive income (loss)
 
2

 
135

 
—

 
2

 
139

Balance at August 31, 2014
 
$
11

 
$
167

 
$
95

 
$
(49
)
 
$
224

(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 $(11) million, $1 million, $0 million, $(2) million and $(12) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(4) million, $0 million, $1 million and $(3) million, respectively.

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
 
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
 
 
Three Months Ended August 31,
 
(In millions)
 
2015
 
2014
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
Foreign exchange forwards and options
 
$
(43
)
 
$
(17
)
 
Revenues
Foreign exchange forwards and options
 
160

 
(8
)
 
Cost of sales
Foreign exchange forwards and options
 
—

 
—

 
Total selling and administrative expense
Foreign exchange forwards and options
 
31

 
5

 
Other (income) expense, net
Total before tax
 
148

 
(20
)
 
 
Tax (expense) benefit
 
(1
)
 
4

 
 
Gain (loss) net of tax
 
147

 
(16
)
 
 
Gains (losses) on other
 
3

 
4

 
Other (income) expense, net
Total before tax
 
3

 
4

 
 
Tax (expense)
 
—

 
(1
)
 
 
Gain (loss) net of tax
 
3

 
3

 
 
Total net gain (loss) reclassified for the period
 
$
150

 
$
(13
)