Accrued Liabilities

6 Months Ended

Nov. 30, 2012

Accrued Liabilities

NOTE 4 — Accrued Liabilities

Accrued liabilities included the following:

	November 30,		May 31,
(In millions)	2012		2012
Compensation and benefits, excluding taxes	$	502	$	691
Taxes other than income taxes		238		169
Endorsement compensation		212		288
Dividends payable		188		165
Advertising and marketing		137		94
Import and logistics costs		124		133
Fair value of derivatives		83		55
Other(1)		395		346
TOTAL ACCRUED LIABILITIES	$	1,879	$	1,941

(1) Other consists of various accrued expenses with no individual item accounting for more than 5% of the balance at November 30, 2012 and May 31, 2012.