v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Feb. 28, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables present information about the Company's financial assets measured at fair value on a recurring basis as of February 28, 2026 and May 31, 2025, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:
FEBRUARY 28, 2026
(Dollars in millions)
ASSETS AT FAIR VALUECASH AND EQUIVALENTSSHORT-TERM INVESTMENTS
Cash$1,693 $1,693 $— 
Level 1:
U.S. Treasury securities727 — 727 
Level 2:
Commercial paper and bonds680 28 652 
Money market funds4,787 4,787 — 
Time deposits150 150 — 
U.S. Agency securities20 2 18 
Total Level 25,637 4,967 670 
TOTAL$8,057 $6,660 $1,397 
MAY 31, 2025
(Dollars in millions)
ASSETS AT FAIR VALUECASH AND EQUIVALENTSSHORT-TERM INVESTMENTS
Cash$1,221 $1,221 $— 
Level 1:
U.S. Treasury securities1,046 — 1,046 
Level 2:
Commercial paper and bonds675 45 630 
Money market funds5,902 5,902 — 
Time deposits297 295 2 
U.S. Agency securities10 1 9 
Total Level 26,884 6,243 641 
TOTAL$9,151 $7,464 $1,687 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:
FEBRUARY 28, 2026
DERIVATIVE ASSETSDERIVATIVE LIABILITIES
(Dollars in millions)
ASSETS AT FAIR VALUEOTHER CURRENT ASSETSOTHER LONG-TERM ASSETSLIABILITIES AT FAIR VALUEACCRUED LIABILITIESOTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options(1)
$165 $140 $25 $474 $376 $98 
Interest rate swaps(1)
85 — 85 — — — 
TOTAL$250 $140 $110 $474 $376 $98 
(1)     If the foreign exchange and interest rate swap derivative instruments had been netted on the Unaudited Condensed Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $225 million as of February 28, 2026. As of that date, the Company received $18 million from various counterparties on the derivative asset balance and posted $189 million of cash collateral to counterparties on the derivative liability balance.
MAY 31, 2025
DERIVATIVE ASSETSDERIVATIVE LIABILITIES
(Dollars in millions)
ASSETS AT FAIR VALUEOTHER CURRENT ASSETSOTHER LONG-TERM ASSETSLIABILITIES AT FAIR VALUEACCRUED LIABILITIESOTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options(1)
$107 $85 $22 $368 $226 $142 
Interest rate swaps(1)
24 — 24 3 — 3 
TOTAL$131 $85 $46 $371 $226 $145 
(1)If the foreign exchange and interest rate swap derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $131 million as of May 31, 2025. As of that date, the Company posted $166 million of cash collateral to various counterparties on the derivative liability balance and no amount of collateral was received from counterparties on the derivative asset balance.
The following tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets:
 DERIVATIVE ASSETS
BALANCE SHEET LOCATIONFEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets$104 $75 
Foreign exchange forwards and optionsDeferred income taxes and other assets25 22 
Interest rate swaps
Deferred income taxes and other assets
85 24 
Total derivatives formally designated as hedging instruments214 121 
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets36 10 
Total derivatives not designated as hedging instruments36 10 
TOTAL DERIVATIVE ASSETS$250 $131 
DERIVATIVE LIABILITIES
BALANCE SHEET LOCATIONFEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities$354 $216 
Foreign exchange forwards and optionsDeferred income taxes and other liabilities97 142 
Interest rate swaps
Deferred income taxes and other liabilities
— 3 
Total derivatives formally designated as hedging instruments451 361 
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities22 10 
Foreign exchange forwards and optionsDeferred income taxes and other liabilities1 — 
Total derivatives not designated as hedging instruments23 10 
TOTAL DERIVATIVE LIABILITIES$474 $371