XML 30 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accumulated Other Comprehensive Income
 6 Months Ended
Nov. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Note 10 — Accumulated Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss), net of tax, for the three and six months ended November 30, 2018 were as follows:
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at August 31, 2018
 
$
(301
)
 
$
210

 
$
115

 
$
(54
)
 
$
(30
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
(2
)
 
252

 
—

 
4

 
254

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

 
(11
)
 
—

 
(4
)
 
(15
)
Total other comprehensive income (loss)
 
(2
)
 
241

 
—

 
—

 
239

Balance at November 30, 2018
 
$
(303
)
 
$
451

 
$
115

 
$
(54
)
 
$
209

(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, $(3) million, $0 million, $0 million and $(3) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $1 million, $0 million, $0 million and $1 million, respectively.
(In millions)
 
Foreign Currency Translation Adjustment(1)
 
Cash Flow Hedges
 
Net Investment Hedges(1)
 
Other
 
Total
Balance at May 31, 2018
 
$
(173
)
 
$
17

 
$
115

 
$
(51
)
 
$
(92
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
(130
)
 
394

 
—

 
8

 
272

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

 
40

 
—

 
(11
)
 
29

Total other comprehensive income (loss)
 
(130
)
 
434

 
—

 
(3
)
 
301

Balance at November 30, 2018
 
$
(303
)
 
$
451

 
$
115

 
$
(54
)
 
$
209

(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, $(4) million, $0 million, $0 million and $(4) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $2 million, $0 million, $0 million and $2 million, respectively.

The changes in Accumulated other comprehensive income (loss), 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 income (loss):
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
(8
)
 
(20
)
 
—

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

 
28

 
—

 
1

 
29

Total 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 income (loss):
 
 
 
 
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
 
14

 
(367
)
 
—

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

 
(20
)
 
—

 
19

 
(1
)
Total 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 following table summarizes the reclassifications from Accumulated other comprehensive income (loss) to the Unaudited Condensed Consolidated Statements of Income:
 
 
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income
 
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income
 
 
Three Months Ended November 30,
 
Six Months Ended November 30,
 
(In millions)
 
2018
 
2017
 
2018
 
2017
 
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign exchange forwards and options
 
$
3

 
$
13

 
$
8

 
$
15

 
Revenues
Foreign exchange forwards and options
 
10

 
(21
)
 
(34
)
 
24

 
Cost of sales
Foreign exchange forwards and options
 
—

 
(20
)
 
(9
)
 
(18
)
 
Other (income) expense, net
Interest rate swaps
 
(1
)
 
(2
)
 
(3
)
 
(4
)
 
Interest expense (income), net
Total before tax
 
12

 
(30
)
 
(38
)
 
17

 
 
Tax (expense) benefit
 
(1
)
 
2

 
(2
)
 
3

 
 
(Loss) gain net of tax
 
11

 
(28
)
 
(40
)
 
20

 
 
Gains (losses) on other
 
4

 
(1
)
 
11

 
(19
)
 
Other (income) expense, net
Total before tax
 
4

 
(1
)
 
11

 
(19
)
 
 
Tax (expense) benefit
 
—

 
—

 
—

 
—

 
 
Gain (loss) net of tax
 
4

 
(1
)
 
11

 
(19
)
 
 
Total net (loss) gain reclassified for the period
 
$
15

 
$
(29
)
 
$
(29
)
 
$
1