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Leases (Tables)
 12 Months Ended
May 31, 2023
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, 2023(1)
Fiscal 2024$506 
Fiscal 2025562 
Fiscal 2026490 
Fiscal 2027436 
Fiscal 2028369 
Thereafter1,225 
Total undiscounted future cash flows related to lease payments$3,588 
Less interest 377 
Present value of lease liabilities$3,211 
(1)Excludes $278 million as of May 31, 2023, 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,
20232022
Weighted-average remaining lease term (in years)7.57.8
Weighted-average discount rate2.5 %2.3 %
The following table includes supplemental cash and non-cash information related to operating leases:
YEAR ENDED MAY 31,
(Dollars in millions)
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$575 $589 $583 
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities$602 $537 $489