Accrued Liabilities (Tables)

12 Months Ended

May 31, 2020

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities included the following:

	MAY 31,
(Dollars in millions)	2020		2019
Compensation and benefits, excluding taxes	$	1,248	$	1,232
Sales-related reserves	1,178		1,218
Allowance for cumulative foreign currency translation losses(1)	405		—
Endorsement compensation	393		424
Dividends payable	384		346
Import and logistics costs	273		296
Taxes other than income taxes payable	202		234
Fair value of derivatives	190		52
Liabilities held-for-sale(1)	146		—
Advertising and marketing	97		114
Collateral received from counterparties to hedging instruments	—		289
Other(2)	668		805
TOTAL ACCRUED LIABILITIES	$	5,184	$	5,010

(1) Refer to Note 20 — 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 May 31, 2020 and 2019.