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Share-based Compensation and Stock Plans (Tables)
12 Months Ended
May 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity
The following table summarizes stock option activity for the years ended May 31, 2013, 2012 and 2011:
 
Stock Options
 
Weighted Average Exercise Price
Outstanding, May 31, 2010
35,286,500
 
$
10.00

Granted
2,274,000
 
10.00

Forfeitures
(2,535,875)
 
10.00

Outstanding, May 31, 2011
35,024,625
 
$
10.00

Granted
2,594,500
 
10.00

Forfeitures
(2,867,417)
 
10.00

Outstanding, May 31, 2012
34,751,708
 
$
10.00

Granted
3,564,600
 
7.88

Forfeitures
(2,349,019)
 
7.88

Outstanding, May 31, 2013
35,967,289
 
$
7.88

Schedule of Weighted Average Assumptions Used to Determine Fair Value of Stock Options
The fair value estimates are based on the following weighted average assumptions:
 
May 31, 2013
 
May 31, 2012
Risk-free interest rate
0.69
%
 
0.87
%
Dividend yield

 

Expected volatility
30.91
%
 
30.55
%
Expected life in years
6.0

 
6.0

Summary of Outstanding Stock Options Vested and Exercisable
The following table summarizes information about outstanding stock options, as of May 31, 2013 and 2012, that were (a) vested and (b) exercisable:
 
Outstanding Stock Options Already Vested and Expected to Vest
 
Options that are Exercisable
 
2013
 
2012
 
2013
 
2012
Number of outstanding options
35,967,289

 
34,751,708

 
24,620,247

 
21,266,528

Weighted average remaining contractual life
6.8 years

 
6.1 years

 
6.4 years

 
5.7 years

Weighted average exercise price per share
$
7.88

 
$
10.00

 
$
7.88

 
$
10.00

Intrinsic value

 

 

 

Summary of RSU Activity
The following table summarizes RSU activity for the years ended May 31, 2013, 2012 and 2011:
 
RSUs
 
Weighted Average Grant Date Fair Value
Outstanding at May 31, 2010

 
$

Granted
3,835,000

 
10.00

Vested

 

Forfeited

 

Outstanding at May 31, 2011
3,835,000

 
10.00

Granted
30,000

 
10.00

Vested

 

Forfeited
(200,000)

 
10.00

Outstanding at May 31, 2012
3,665,000

 
10.00

Modification impact
(3,665,000
)
 
10.00

Granted
13,631,500

 
7.88

Vested

 

Forfeited
(578,000)

 
7.88

Outstanding at May 31, 2013
13,053,500

 
$
7.88