Fair Value Measurements (Tables)

3 Months Ended

Aug. 31, 2012

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of August 31, 2012 and May 31, 2012 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value.

	August 31, 2012
	Fair Value Measurements Using						Assets / Liabilities at Fair Value		Balance Sheet Classification
(In millions)	Level 1		Level 2		Level 3
ASSETS
Derivatives:
Foreign exchange forwards and options	$	0	$	153	$	0	$	153	Other current assets and other long-term assets
Interest rate swap contracts		0		14		0		14	Other long-term assets
Total derivatives		0		167		0		167
Available-for-sale securities:
U.S. Treasury securities		519		0		0		519	Cash and equivalents
Commercial paper and bonds		0		243		0		243	Cash and equivalents
Money market funds		0		341		0		341	Cash and equivalents
U.S. Treasury securities		633		0		0		633	Short-term investments
U.S. Agency securities		0		229		0		229	Short-term investments
Commercial paper and bonds		0		240		0		240	Short-term investments
Non-marketable preferred stock		0		0		3		3	Other long-term assets
Total available-for-sale securities		1,152		1,053		3		2,208
TOTAL ASSETS	$	1,152	$	1,220	$	3	$	2,375
LIABILITIES
Derivatives:
Foreign exchange forwards and options	$	0	$	58	$	0	$	58	Accrued liabilities and other long-term liabilities
TOTAL LIABILITIES	$	0	$	58	$	0	$	58

	May 31, 2012
	Fair Value Measurements Using						Assets / Liabilities at Fair Value		Balance Sheet Classification
(In millions)	Level 1		Level 2		Level 3
ASSETS
Derivatives:
Foreign exchange forwards and options	$	0	$	265	$	0	$	265	Other current assets and other long-term assets
Embedded derivatives		0		1		0		1	Other current assets
Interest rate swap contracts		0		15		0		15	Other current assets and other long-term assets
Total derivatives		0		281		0		281
Available-for-sale securities:
U.S. Treasury securities		226		0		0		226	Cash and equivalents
U.S. Agency securities		0		254		0		254	Cash and equivalents
Commercial paper and bonds		0		159		0		159	Cash and equivalents
Money market funds		0		770		0		770	Cash and equivalents
U.S. Treasury securities		927		0		0		927	Short-term investments
U.S. Agency securities		0		230		0		230	Short-term investments
Commercial paper and bonds		0		283		0		283	Short-term investments
Non-marketable preferred stock		0		0		3		3	Other long-term assets
Total available-for-sale securities		1,153		1,696		3		2,852
TOTAL ASSETS	$	1,153	$	1,977	$	3	$	3,133
LIABILITIES
Derivatives:
Foreign exchange forwards and options	$	0	$	55	$	0	$	55	Accrued liabilities and other long-term liabilities
TOTAL LIABILITIES	$	0	$	55	$	0	$	55

Available-for-sale Securities

Short-term investments classified as available-for-sale consist of the following at fair value:

(In millions)	August 31, 2012		May 31, 2012
Available-for-sale investments:
U.S. treasury and agencies	$	862	$	1,157
Commercial paper and bonds		240		283
TOTAL AVAILABLE-FOR-SALE INVESTMENTS	$	1,102	$	1,440