Accrued Liabilities

3 Months Ended

Aug. 31, 2021

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 3 — ACCRUED LIABILITIES

Accrued liabilities included the following:

	AUGUST 31,		MAY 31,
(Dollars in millions)	2021		2021
Compensation and benefits, excluding taxes	$	1,039	$	1,472
Sales-related reserves	1,029		1,077
Taxes other than income taxes payable	505		468
Import and logistics costs	491		393
Dividends payable	437		436
Allowance for expected loss on sale(1)	344		358
Other	1,451		1,859
TOTAL ACCRUED LIABILITIES	$	5,296	$	6,063

(1)Refer to Note 12 — Acquisitions and Divestitures for additional information.