Accrued Liabilities

9 Months Ended

Feb. 29, 2020

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 3 — ACCRUED LIABILITIES

Accrued liabilities included the following:

	FEBRUARY 29,		MAY 31,
(Dollars in millions)	2020		2019
Sales-related reserves	$	1,361	$	1,218
Compensation and benefits, excluding taxes	1,202		1,232
Allowance for cumulative foreign currency translation losses(1)	400		—
Dividends payable	384		346
Endorsement compensation	365		424
Import and logistics costs	297		296
Taxes other than income taxes payable	248		234
Liabilities held-for-sale(1)	158		—
Advertising and marketing	120		114
Collateral received from counterparties to hedging instruments	86		289
Fair value of derivatives	48		52
Other(2)	687		805
TOTAL ACCRUED LIABILITIES	$	5,356	$	5,010

(1) Refer to Note 14 — Acquisitions and Divestitures for additional information.

(2)

Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at February 29, 2020 and May 31, 2019.