ACCRUED LIABILITIES

3 Months Ended

Aug. 31, 2022

Accrued Liabilities, Current [Abstract]

ACCRUED LIABILITIES

NOTE 3 — ACCRUED LIABILITIES

Accrued liabilities included the following:

	AUGUST 31,		MAY 31,
(Dollars in millions)	2022		2022
Compensation and benefits, excluding taxes	$	980	$	1,297
Collateral received from counterparties to hedging instruments	962		486
Sales-related reserves	950		1,015
Import and logistics costs	626		489
Allowance for expected loss on sale(1)	389		397
Other	2,370		2,536
TOTAL ACCRUED LIABILITIES	$	6,277	$	6,220

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