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Accrued Liabilities

9 Months Ended

Feb. 28, 2019

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Note 3 — Accrued Liabilities

Accrued liabilities included the following:



		As of February 28,				As of May 31,
(In millions)		2019				2018
Sales-related reserves⁽¹⁾		$	1,244			$	20
Compensation and benefits, excluding taxes		1,043				897
Endorsement compensation		394				425
Dividends payable		346				320
Import and logistics costs		295				268
Taxes other than income taxes payable		228				224
Advertising and marketing		161				140
Collateral received from counterparties to hedging instruments		137				23
Fair value of derivatives		87				184
Other⁽²⁾		803				768
TOTAL ACCRUED LIABILITIES		$	4,738			$	3,269


(1)	Sales-related reserves as of February 28, 2019 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 February 28, 2019 and May 31, 2018.