Accrued Liabilities

6 Months Ended

Nov. 30, 2015

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)	2015		2015
Collateral received from counterparties to hedging instruments	$	725	$	968
Compensation and benefits, excluding taxes	724		997
Dividends payable	273		240
Endorsement compensation	273		388
Fair value of derivatives	202		162
Taxes other than income taxes	192		174
Import and logistics costs	174		207
Advertising and marketing	135		117
Other(1)	753		698
TOTAL ACCRUED LIABILITIES	$	3,451	$	3,951

(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, 2015 and May 31, 2015.