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Accumulated Other Comprehensive Income
 9 Months Ended
Feb. 28, 2017
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 and nine months ended February 28, 2017 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at November 30, 2016
 
$
(218
)
 
$
546

 
$
115

 
$
(44
)
 
$
399

Other comprehensive gains (losses) before reclassifications(2)
 
13

 
2

 
—

 
—

 
15

Reclassifications to net income of previously deferred (gains) losses(3)
 
(1
)
 
(177
)
 
—

 
(7
)
 
(185
)
Other comprehensive income (loss)
 
12

 
(175
)
 
—

 
(7
)
 
(170
)
Balance at February 28, 2017
 
$
(206
)
 
$
371

 
$
115

 
$
(51
)
 
$
229

(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, $1 million, $0 million, $(1) million and $0 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(1) million, $0 million, $2 million and $1 million, respectively.
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2016
 
$
(207
)
 
$
463

 
$
115

 
$
(53
)
 
$
318

Other comprehensive gains (losses) before reclassifications(2)
 
2

 
406

 
—

 
18

 
426

Reclassifications to net income of previously deferred (gains) losses(3)
 
(1
)
 
(498
)
 
—

 
(16
)
 
(515
)
Other comprehensive income (loss)
 
1

 
(92
)
 
—

 
2

 
(89
)
Balance at February 28, 2017
 
$
(206
)
 
$
371

 
$
115

 
$
(51
)
 
$
229

(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, $23 million, $0 million, $0 million and $23 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $1 million and $(2) million, respectively.
The changes in Accumulated other comprehensive income, net of tax, for the three and nine months ended February 29, 2016 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at November 30, 2015
 
$
(141
)
 
$
1,181

 
$
115

 
$
(48
)
 
$
1,107

Other comprehensive gains (losses) before reclassifications(2)
 
(113
)
 
(151
)
 
—

 
3

 
(261
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
2

 
(199
)
 
—

 
(4
)
 
(201
)
Other comprehensive income (loss)
 
(111
)
 
(350
)
 
—

 
(1
)
 
(462
)
Balance at February 29, 2016
 
$
(252
)
 
$
831

 
$
115

 
$
(49
)
 
$
645

(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, $24 million, $0 million, $(1) million and $23 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $3 million, $0 million, $0 million and $3 million, respectively.
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2015
 
$
(31
)
 
$
1,220

 
$
115

 
$
(58
)
 
$
1,246

Other comprehensive gains (losses) before reclassifications(2)
 
(223
)
 
132

 
—

 
14

 
(77
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
2

 
(521
)
 
—

 
(5
)
 
(524
)
Other comprehensive income (loss)
 
(221
)
 
(389
)
 
—

 
9

 
(601
)
Balance at February 29, 2016
 
$
(252
)
 
$
831

 
$
115

 
$
(49
)
 
$
645

(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, $40 million, $0 million, $(3) million and $37 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $4 million, $0 million, $0 million and $4 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
 
Nine Months Ended
 
(In millions)
 
February 28, 2017
 
February 29, 2016
 
February 28, 2017
 
February 29, 2016
 
Gains (losses) on foreign currency translation adjustment
 
$
1

 
$
(2
)
 
$
1

 
$
(2
)
 
Other (income) expense, net
Total before tax
 
1

 
(2
)
 
1

 
(2
)
 
 
Tax (expense) benefit
 
—

 
—

 
—

 
—

 
 
Gain (loss) net of tax
 
1

 
(2
)
 
1

 
(2
)
 
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign exchange forwards and options
 
$
24

 
$
(24
)
 
$
96

 
$
(99
)
 
Revenues
Foreign exchange forwards and options
 
87

 
153

 
260

 
451

 
Cost of sales
Foreign exchange forwards and options
 
—

 
—

 
—

 
—

 
Total selling and administrative expense
Foreign exchange forwards and options
 
67

 
73

 
141

 
173

 
Other (income) expense, net
Interest rate swaps
 
(2
)
 
—

 
(2
)
 
—

 
Interest expense (income), net
Total before tax
 
176

 
202

 
495

 
525

 
 
Tax (expense) benefit
 
1

 
(3
)
 
3

 
(4
)
 
 
Gain (loss) net of tax
 
177

 
199

 
498

 
521

 
 
Gains (losses) on other
 
9

 
4

 
17

 
5

 
Other (income) expense, net
Total before tax
 
9

 
4

 
17

 
5

 
 
Tax (expense) benefit
 
(2
)
 
—

 
(1
)
 
—

 
 
Gain (loss) net of tax
 
7

 
4

 
16

 
5

 
 
Total net gain (loss) reclassified for the period
 
$
185

 
$
201

 
$
515

 
$
524