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Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Nov. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in Accumulated other comprehensive income (loss), net of tax, were as follows:
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)

CASH FLOW HEDGES

NET INVESTMENT HEDGES(1)

OTHER

TOTAL

Balance at August 31, 2019
$
(435
)
$
556

$
115

$
(56
)
$
180

Other comprehensive income (loss):
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
28

(26
)
—

(2
)
—

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

(129
)
—

1

(128
)
Total other comprehensive income (loss)
28

(155
)
—

(1
)
(128
)
Balance at November 30, 2019
$
(407
)
$
401

$
115

$
(57
)
$
52

(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, $(7) million, $0 million, $0 million and $(7) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $1 million, $0 million, $0 million and $1 million, respectively.
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)

CASH FLOW HEDGES

NET INVESTMENT HEDGES(1)

OTHER

TOTAL

Balance at May 31, 2019
$
(346
)
$
520

$
115

$
(58
)
$
231

Other comprehensive income (loss):
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications(2)
(61
)
137

—

1

77

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

(256
)
—

—

(256
)
Total other comprehensive income (loss)
(61
)
(119
)
—

1

(179
)
Balance at November 30, 2019
$
(407
)
$
401

$
115

$
(57
)
$
52

(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, $(7) million, $0 million, $0 million and $(7) million, respectively.
(3)
Net of tax (benefit) expense of $0 million, $1 million, $0 million, $0 million and $1 million, respectively.
(Dollars 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.
(Dollars 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.
Reclassification out of Accumulated Other Comprehensive Income
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,
(Dollars in millions)
2019
2018
 
2019
2018
Gains (losses) on cash flow hedges:




 




 
Foreign exchange forwards and options
$
1

$
3

 
$
9

$
8

Revenues
Foreign exchange forwards and options
102

10

 
177

(34
)
Cost of sales
Foreign exchange forwards and options
(3
)
—

 
(3
)
—

Demand creation expense
Foreign exchange forwards and options
31

—

 
77

(9
)
Other (income) expense, net
Interest rate swaps
(1
)
(1
)
 
(3
)
(3
)
Interest expense (income), net
Total before tax
130

12

 
257

(38
)
 
Tax (expense) benefit
(1
)
(1
)
 
(1
)
(2
)
 
Gain (loss) net of tax
129

11

 
256

(40
)
 
Gains (losses) on other
(1
)
4

 
—

11

Other (income) expense, net
Total before tax
(1
)
4

 
—

11

 
Tax (expense) benefit
—

—

 
—

—

 
Gain (loss) net of tax
(1
)
4

 
—

11

 
Total net gain (loss) reclassified for the period
$
128

$
15

 
$
256

$
(29
)