Accrued Liabilities

3 Months Ended

Aug. 31, 2012

Accrued Liabilities

NOTE 4 — Accrued Liabilities

Accrued liabilities included the following:

(In millions)	August 31, 2012		May 31, 2012
Compensation and benefits, excluding taxes	$	471	$	711
Endorsement compensation		268		294
Advertising and marketing		230		132
Taxes other than income taxes		228		179
Dividends payable		162		165
Import and logistics costs		145		133
Fair value of derivatives		58		55
Other(1)		412		384
TOTAL ACCRUED LIABILITIES	$	1,974	$	2,053

(1) Other consists of various accrued expenses with no individual item accounting for more than 5% of the balance at August 31, 2012 and May 31, 2012.