Accrued Liabilities

12 Months Ended

May 31, 2017

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 5 — Accrued Liabilities

Accrued liabilities included the following:

	As of May 31,
(In millions)	2017		2016
Compensation and benefits, excluding taxes	$	871	$	943
Endorsement compensation	396		393
Dividends payable	300		271
Import and logistics costs	257		198
Taxes other than income taxes payable	196		159
Fair value of derivatives	168		162
Advertising and marketing	125		119
Collateral received from counterparties to hedging instruments	—		105
Other(1)	698		687
TOTAL ACCRUED LIABILITIES	$	3,011	$	3,037

(1) Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at May 31, 2017 and 2016.