Fair Value Measurements (Tables)

9 Months Ended

Feb. 28, 2013

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 February 28, 2013 and May 31, 2012 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value.

	February 28, 2013
	Fair Value Measurements Using						Assets / Liabilities at
(In millions)	Level 1		Level 2		Level 3		Fair Value		Balance Sheet Classification
ASSETS
Derivatives:
Foreign exchange forwards and options	$	0	$	260	$	0	$	260	Other current assets and other long-term assets
Interest rate swap contracts		0		12		0		12	Other long-term assets
Total derivatives		0		272		0		272
Available-for-sale securities:
U.S. Treasury securities		690		0		0		690	Cash and equivalents
Commercial paper and bonds		0		368		0		368	Cash and equivalents
Money market funds		0		565		0		565	Cash and equivalents
U.S. Treasury securities		807		0		0		807	Short-term investments
U.S. Agency securities		0		286		0		286	Short-term investments
Commercial paper and bonds		0		392		0		392	Short-term investments
Non-marketable preferred stock		0		0		5		5	Other long-term assets
Total available-for-sale securities		1,497		1,611		5		3,113
TOTAL ASSETS	$	1,497	$	1,883	$	5	$	3,385
LIABILITIES
Derivatives:
Foreign exchange forwards and options		0		62		0		62	Accrued liabilities and other long-term liabilities
TOTAL LIABILITIES	$	0	$	62	$	0	$	62

	May 31, 2012
	Fair Value Measurements Using						Assets / Liabilities at
(In millions)	Level 1		Level 2		Level 3		Fair Value		Balance Sheet Classification
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:

	February 28,		May 31,
(In millions)	2013		2012
Available-for-sale investments:
U.S. treasury and agencies	$	1,093	$	1,157
Commercial paper and bonds		392		283
TOTAL AVAILABLE-FOR-SALE INVESTMENTS	$	1,485	$	1,440