Accrued Liabilities

9 Months Ended

Feb. 29, 2016

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 3 — Accrued Liabilities

Accrued liabilities included the following:

	As of February 29,		As of May 31,
(In millions)	2016		2015
Compensation and benefits, excluding taxes	$	884	$	997
Collateral received from counterparties to hedging instruments	338		968
Endorsement compensation	311		388
Dividends payable	270		240
Import and logistics costs	195		207
Taxes other than income taxes	172		174
Fair value of derivatives	160		162
Advertising and marketing	137		117
Other(1)	757		698
TOTAL ACCRUED LIABILITIES	$	3,224	$	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 February 29, 2016 and May 31, 2015.