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Short-Term Borrowings and Credit Lines (Tables)
12 Months Ended
May 31, 2020
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes payable as of May 31, 2020 and 2019 are summarized below:
 
MAY 31,
 
2020
 
2019
(Dollars in millions)
BORROWINGS

INTEREST RATE
 
BORROWINGS

INTEREST RATE
Notes payable:
 
 
 
 
 
 
 
Commercial paper(1)
$
248

1.65
%
 
 
$

0.00
%
 
U.S. operations

0.00
%
 
 
2

0.00
%
(2) 
Non-U.S. operations

0.00
%
 
 
7

26.00
%
(2) 
TOTAL NOTES PAYABLE
$
248

 
 
 
$
9

 
 
(1)
Commercial paper borrowings with original maturities greater than three months are included in Proceeds from borrowings, net of debt issuance costs on the Consolidated Statements of Cash Flows.
(2)
Weighted average interest rate includes non-interest bearing overdrafts.