Property, Plant and Equipment

12 Months Ended

May 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

NOTE 2 — PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, net included the following:

	MAY 31,
(Dollars in millions)	2023		2022
Land and improvements	$	326	$	330
Buildings	3,293		3,170
Machinery and equipment	3,083		2,870
Internal-use software	1,612		1,616
Leasehold improvements	1,876		1,712
Construction in process	525		399
Total property, plant and equipment, gross	10,715		10,097
Less accumulated depreciation	5,634		5,306
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	5,081	$	4,791

Capitalized interest was not material for the fiscal years ended May 31, 2023, 2022 and 2021.