Accrued Liabilities

3 Months Ended

Aug. 31, 2018

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)	2018		2018
Sales-related reserves(1)	$	1,048	$	20
Compensation and benefits, excluding taxes	675		897
Endorsement compensation	476		425
Dividends payable	318		320
Import and logistics costs	290		268
Taxes other than income taxes payable	262		224
Advertising and marketing	185		140
Fair value of derivatives	102		184
Collateral received from counterparties to hedging instruments	31		23
Other(2)	787		768
TOTAL ACCRUED LIABILITIES	$	4,174	$	3,269

(1) Sales-related reservesas of August 31, 2018 reflect the Company’s fiscal 2019 adoption of Topic 606. As of May 31, 2018, Sales-related reserves reflect the Company's prior accounting under Topic 605. Refer to Note 1 — Summary of Significant Accounting Policies for additional information on the adoption of the new standard.

(2) Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at August 31, 2018 and May 31, 2018.