v3.25.2
DEFERRED REVENUES
 12 Months Ended
May 31, 2025
Deferred Revenue Disclosure [Abstract]  
DEFERRED REVENUES
8.
DEFERRED REVENUES

Deferred revenues consisted of the following:

 

 

May 31,

 

(in millions)

 

2025

 

 

2024

 

Cloud services and license support

 

$

8,270

 

 

$

8,203

 

Hardware

 

 

614

 

 

 

546

 

Services

 

 

464

 

 

 

512

 

Cloud license and on-premise license

 

 

39

 

 

 

52

 

Deferred revenues, current

 

 

9,387

 

 

 

9,313

 

Deferred revenues, non-current (in other non-current liabilities)

 

 

1,346

 

 

 

1,233

 

Total deferred revenues

 

$

10,733

 

 

$

10,546

 

 

Deferred cloud services and license support revenues and deferred hardware revenues substantially represent customer payments made in advance for cloud or support contracts that are typically billed in advance with corresponding revenues generally being recognized ratably or based upon customer usage over the respective contractual periods. Deferred services revenues include prepayments for our services business and revenues for these services are generally recognized as the services are performed. Deferred cloud license and on-premise license revenues typically resulted from customer payments that related to undelivered products and services or specified enhancements.