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Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2018
May 31, 2017
Current assets:    
Cash and equivalents $ 4,249 $ 3,808
Short-term investments 996 2,371
Accounts receivable, net 3,498 3,677
Inventories 5,261 5,055
Prepaid expenses and other current assets 1,130 1,150
Total current assets 15,134 16,061
Property, plant and equipment, net 4,454 3,989
Identifiable intangible assets, net 285 283
Goodwill 154 139
Deferred income taxes and other assets 2,509 2,787
TOTAL ASSETS 22,536 23,259
Current liabilities:    
Current portion of long-term debt 6 6
Notes payable 336 325
Accounts payable 2,279 2,048
Accrued liabilities 3,269 3,011
Income taxes payable 150 84
Total current liabilities 6,040 5,474
Long-term debt 3,468 3,471
Deferred income taxes and other liabilities 3,216 1,907
Commitments and contingencies (Note 15)
Redeemable preferred stock 0 0
Shareholders’ equity:    
Capital in excess of stated value 6,384 5,710
Accumulated other comprehensive loss (92) (213)
Retained earnings 3,517 6,907
Total shareholders’ equity 9,812 12,407
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 22,536 23,259
Class A Convertible Common Stock    
Shareholders’ equity:    
Common stock at stated value 0 0
Class B Common Stock    
Shareholders’ equity:    
Common stock at stated value $ 3 $ 3