Accrued Liabilities

3 Months Ended

Aug. 31, 2019

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 3 — ACCRUED LIABILITIES

Accrued liabilities included the following:

	AS OF AUGUST 31,		AS OF MAY 31,
(Dollars in millions)	2019		2019
Sales-related reserves	$	1,157	$	1,218
Compensation and benefits, excluding taxes	816		1,232
Endorsement compensation	434		424
Dividends payable	344		346
Import and logistics costs	330		296
Taxes other than income taxes payable	274		234
Collateral received from counterparties to hedging instruments	263		289
Advertising and marketing	132		114
Fair value of derivatives	54		52
Other(1)	651		805
TOTAL ACCRUED LIABILITIES	$	4,455	$	5,010

(1)

Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at August 31, 2019 and May 31, 2019.