Accrued Liabilities (Tables)

12 Months Ended

May 31, 2019

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities included the following:

	AS OF MAY 31,
(Dollars in millions)	2019		2018
Compensation and benefits, excluding taxes	$	1,232	$	897
Sales-related reserves(1)	1,218		20
Endorsement compensation	424		425
Dividends payable	346		320
Import and logistics costs	296		268
Collateral received from counterparties to hedging instruments	289		23
Taxes other than income taxes payable	234		224
Advertising and marketing	114		140
Fair value of derivatives	52		184
Other(2)	805		768
TOTAL ACCRUED LIABILITIES	$	5,010	$	3,269

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