Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Nov. 30, 2022

Accumulated Other Comprehensive Income Loss Tables [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) ("AOCI")

The following table provides changes in accumulated other comprehensive income (“AOCI”), net of tax, reported in our unaudited condensed consolidated financial statements for the periods ended November 30 (in millions; amounts in parentheses indicate debits to AOCI):


		Three Months Ended								Six Months Ended
		2022				2021				2022				2021
Foreign currency translation loss:
Balance at beginning of period		$	(1,357	)		$	(932	)		$	(1,148	)		$	(785	)
Translation adjustments			(70	)			(94	)			(279	)			(241	)
Balance at end of period			(1,427	)			(1,026	)			(1,427	)			(1,026	)
Retirement plans adjustments:
Balance at beginning of period			43				51				45				53
Reclassifications from AOCI			(1	)			(2	)			(3	)			(4	)
Balance at end of period			42				49				42				49
Accumulated other comprehensive (loss) at end of period		$	(1,385	)		$	(977	)		$	(1,385	)		$	(977	)

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

The following table presents details of the reclassifications from AOCI for the periods ended November 30 (in millions; amounts in parentheses indicate debits to earnings):


		Amount Reclassified from AOCI																Affected Line Item in the Income Statement
		Three Months Ended								Six Months Ended
		2022				2021				2022				2021
Amortization of retirement plans prior service credits, before tax		$	2			$	3			$	4			$	5			Other retirement plans, net
Income tax benefit			(1	)			(1	)			(1	)			(1	)		Provision for income taxes
AOCI reclassifications, net of tax		$	1			$	2			$	3			$	4			Net income