Accrued Liabilities

3 Months Ended

Aug. 31, 2017

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Note 3 — Accrued Liabilities

Accrued liabilities included the following:

	As of August 31,		As of May 31,
(In millions)	2017		2017
Compensation and benefits, excluding taxes	$	837	$	871
Fair value of derivatives	528		168
Endorsement compensation	383		396
Dividends payable	295		300
Import and logistics costs	280		257
Taxes other than income taxes payable	243		196
Advertising and marketing	152		125
Other(1)	783		698
TOTAL ACCRUED LIABILITIES	$	3,501	$	3,011

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