XML 69 R46.htm IDEA: XBRL DOCUMENT v3.22.2
Leases (Tables)
 12 Months Ended
May 31, 2022
Leases [Abstract]  
Lessee, Operating Lease, Liability, Maturity
The undiscounted cash flows for future maturities of the Company’s operating lease liabilities and the reconciliation to the Operating lease liabilities recognized in the Company’s Consolidated Balance Sheets are as follows:
(Dollars in millions)
AS OF MAY 31, 2022(1)
Fiscal 2023$491 
Fiscal 2024543 
Fiscal 2025490 
Fiscal 2026405 
Fiscal 2027350 
Thereafter1,250 
Total undiscounted future cash flows related to lease payments$3,529 
Less interest 332 
Present value of lease liabilities$3,197 
(1)Excludes $175 million as of May 31, 2022, of future operating lease payments for lease agreements signed but not yet commenced.
Lease, Cost
The following table includes supplemental information used to calculate the present value of Operating lease liabilities:
AS OF MAY 31,
20222021
Weighted-average remaining lease term (in years)7.88.3
Weighted-average discount rate2.3 %2.3 %
The following table includes supplemental cash and non-cash information related to operating leases:
YEAR ENDED MAY 31,
(Dollars in millions)
202220212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$589 $583 $532 
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities$537 $489 $705 
(1)
(1)Excludes the amount initially capitalized in conjunction with the adoption of Topic 842.