Accrued Liabilities

6 Months Ended

Nov. 30, 2018

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Note 3 — Accrued Liabilities

Accrued liabilities included the following:

	As of November 30,		As of May 31,
(In millions)	2018		2018
Sales-related reserves(1)	$	1,107	$	20
Compensation and benefits, excluding taxes	882		897
Endorsement compensation	371		425
Dividends payable	347		320
Import and logistics costs	323		268
Taxes other than income taxes payable	275		224
Collateral received from counterparties to hedging instruments	259		23
Advertising and marketing	182		140
Fair value of derivatives	53		184
Other(2)	679		768
TOTAL ACCRUED LIABILITIES	$	4,478	$	3,269

(1) Sales-related reservesas ofNovember 30, 2018reflect 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 November 30, 2018 and May 31, 2018.