Accrued Liabilities

6 Months Ended

Nov. 30, 2020

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 3 — ACCRUED LIABILITIES

Accrued liabilities included the following:

	NOVEMBER 30,		MAY 31,
(Dollars in millions)	2020		2020
Compensation and benefits, excluding taxes	$	1,157	$	1,248
Sales-related reserves	1,126		1,178
Fair value of derivatives	485		190
Allowance for expected loss on sale(1)	438		405
Other	2,824		2,163
TOTAL ACCRUED LIABILITIES	$	6,030	$	5,184

(1)Refer to Note 13 — Acquisitions and Divestitures for additional information.