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Accumulated Other Comprehensive Income
 6 Months Ended
Nov. 30, 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 six months ended November 30, 2017 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at August 31, 2017
 
$
(169
)
 
$
(447
)
 
$
115

 
$
(85
)
 
$
(586
)
Other comprehensive gains (losses) before reclassifications(2)
 
(8
)
 
(20
)
 
—

 
(2
)
 
(30
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
28

 
—

 
1

 
29

Other comprehensive income (loss)
 
(8
)
 
8

 
—

 
(1
)
 
(1
)
Balance at November 30, 2017
 
$
(177
)
 
$
(439
)
 
$
115

 
$
(86
)
 
$
(587
)
(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 $(4) million, $(4) million, $0 million, $0 million and $(8) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(2) million, $0 million, $0 million and $(2) million, respectively.
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2017
 
$
(191
)
 
$
(52
)
 
$
115

 
$
(85
)
 
$
(213
)
Other comprehensive gains (losses) before reclassifications(2)
 
14

 
(367
)
 
—

 
(20
)
 
(373
)
Reclassifications to net income of previously deferred (gains) losses(3)
 
—

 
(20
)
 
—

 
19

 
(1
)
Other comprehensive income (loss)
 
14

 
(387
)
 
—

 
(1
)
 
(374
)
Balance at November 30, 2017
 
$
(177
)
 
$
(439
)
 
$
115

 
$
(86
)
 
$
(587
)
(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 $(23) million, $(1) million, $0 million, $0 million and $(24) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(3) million, $0 million, $0 million and $(3) million, respectively.
The changes in Accumulated other comprehensive income, net of tax, for the three and six months ended November 30, 2016 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at August 31, 2016
 
$
(204
)
 
$
223

 
$
115

 
$
(49
)
 
$
85

Other comprehensive gains (losses) before reclassifications(2)
 
(14
)
 
464

 
—

 
5

 
455

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

 
(141
)
 
—

 
—

 
(141
)
Other comprehensive income (loss)
 
(14
)
 
323

 
—

 
5

 
314

Balance at November 30, 2016
 
$
(218
)
 
$
546

 
$
115

 
$
(44
)
 
$
399

(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, $0 million and $(24) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(2) million, $0 million, $0 million and $(2) 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)
 
(11
)
 
404

 
—

 
18

 
411

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

 
(321
)
 
—

 
(9
)
 
(330
)
Other comprehensive income (loss)
 
(11
)
 
83

 
—

 
9

 
81

Balance at November 30, 2016
 
$
(218
)
 
$
546

 
$
115

 
$
(44
)
 
$
399

(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, $22 million, $0 million, $1 million and $23 million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $(2) million, $0 million, $(1) million and $(3) 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 November 30,
 
Six Months Ended November 30,
 
(In millions)
 
2017
 
2016
 
2017
 
2016
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign exchange forwards and options
 
$
13

 
$
39

 
$
15

 
$
72

 
Revenues
Foreign exchange forwards and options
 
(21
)
 
69

 
24

 
173

 
Cost of sales
Foreign exchange forwards and options
 
(20
)
 
31

 
(18
)
 
74

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

 
(4
)
 
—

 
Interest expense (income), net
Total before tax
 
(30
)
 
139

 
17

 
319

 
 
Tax (expense) benefit
 
2

 
2

 
3

 
2

 
 
Gain (loss) net of tax
 
(28
)
 
141

 
20

 
321

 
 
Gains (losses) on other
 
(1
)
 
—

 
(19
)
 
8

 
Other expense (income), net
Total before tax
 
(1
)
 
—

 
(19
)
 
8

 
 
Tax (expense) benefit
 
—

 
—

 
—

 
1

 
 
Gain (loss) net of tax
 
(1
)
 
—

 
(19
)
 
9

 
 
Total net gain (loss) reclassified for the period
 
$
(29
)
 
$
141

 
$
1

 
$
330