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Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
May 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in Accumulated other comprehensive income, net of tax, were as follows:
(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)
 
15

 
118

 
—

 
(14
)
 
119

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

 
(633
)
 
—

 
(18
)
 
(650
)
Other comprehensive income (loss)
 
16

 
(515
)
 
—

 
(32
)
 
(531
)
Balance at May 31, 2017
 
$
(191
)
 
$
(52
)
 
$
115

 
$
(85
)
 
$
(213
)
(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, $3 million and $27 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $(3) million and $(6) 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)
 
(178
)
 
(47
)
 
—

 
6

 
(219
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
2

 
(710
)
 
—

 
(1
)
 
(709
)
Other comprehensive income (loss)
 
(176
)
 
(757
)
 
—

 
5

 
(928
)
Balance at May 31, 2016
 
$
(207
)
 
$
463

 
$
115

 
$
(53
)
 
$
318

(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, $28 million, $0 million, $(2) million and $26 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $7 million, $0 million, $2 million and $9 million, respectively.
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the reclassifications from Accumulated other comprehensive income to the 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
 
 
 
 
Year Ended May 31,
(In millions)
 
2017
 
2016
Gains (losses) on foreign currency translation adjustment
 
(1
)
 
(2
)
Other (income) expense, net
Total before tax
 
(1
)
 
(2
)
 
Tax (expense) benefit
 
—

 
—

 
Gain (loss) net of tax
 
(1
)
 
(2
)
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
Foreign exchange forwards and options
 
96

 
(88
)
Revenues
Foreign exchange forwards and options
 
339

 
586

Cost of sales
Foreign exchange forwards and options
 
—

 
—

Total selling and administrative expense
Foreign exchange forwards and options
 
199

 
219

Other (income) expense, net
Interest rate swaps
 
(4
)
 
—

Interest expense (income), net
Total before tax
 
630

 
717

 
Tax (expense) benefit
 
3

 
(7
)
 
Gain (loss) net of tax
 
633

 
710

 
Gains (losses) on other
 
15

 
3

Other (income) expense, net
Total before tax
 
15

 
3

 
Tax (expense) benefit
 
3

 
(2
)
 
Gain (loss) net of tax
 
18

 
1

 
Total net gain (loss) reclassified for the period
 
$
650

 
$
709