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Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2023
May 31, 2022
Current assets:    
Cash and equivalents $ 7,441 $ 8,574
Short-term investments 3,234 4,423
Accounts receivable, net 4,131 4,667
Inventories 8,454 8,420
Prepaid expenses and other current assets 1,942 2,129
Total current assets 25,202 28,213
Property, plant and equipment, net 5,081 4,791
Operating lease right-of-use assets, net 2,923 2,926
Identifiable intangible assets, net 274 286
Goodwill 281 284
Deferred income taxes and other assets 3,770 3,821
TOTAL ASSETS 37,531 40,321
Current liabilities:    
Current portion of long-term debt 0 500
Notes payable 6 10
Accounts payable 2,862 3,358
Current portion of operating lease liabilities 425 420
Accrued liabilities 5,723 6,220
Income taxes payable 240 222
Total current liabilities 9,256 10,730
Long-term debt 8,927 8,920
Operating lease liabilities 2,786 2,777
Deferred income taxes and other liabilities 2,558 2,613
Commitments and contingencies (Note 16)
Redeemable preferred stock 0 0
Shareholders' equity:    
Capital in excess of stated value 12,412 11,484
Accumulated other comprehensive income (loss) 231 318
Retained earnings (deficit) 1,358 3,476
Total shareholders' equity 14,004 15,281
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 37,531 40,321
Class A Convertible Common Stock    
Shareholders' equity:    
Common stock at stated value 0 0
Class B Common Stock    
Shareholders' equity:    
Common stock at stated value $ 3 $ 3