v3.26.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
May 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Our total stock-based compensation expense for the years ended May 31 was as follows (in millions):
202620252024
Stock-based compensation expense$177 $154 $163 
Schedule of Stock-Based Compensation Weighted Average Assumptions The following table includes the weighted-average Black-Scholes value per share of our stock option grants, the intrinsic value of options exercised (in millions), and the key weighted-average assumptions used in the valuation calculations for options granted during the years ended May 31, followed by a discussion of our methodology for developing each of the assumptions used in the valuation model:
202620252024
Weighted-average Black-Scholes value per share$82.66$104.42$79.48
Intrinsic value of options exercised$548$263$290
Black-Scholes assumptions:
Expected lives6.1 years6.3 years6.4 years
Expected volatility38%37%35%
Risk-free interest rate4.12%4.59%3.94%
Dividend yield2.45%1.84%2.03%
Schedule of Stock Option Activity
The following table summarizes information regarding stock option activity for the year ended May 31, 2026:
Stock Options
Shares Subject to Stock Options Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual
Term (in years)
Aggregate
Intrinsic Value
(in millions)
(1)
Outstanding at June 1, 202511,712,352 $222.31 
Granted1,858,618 243.07 
Exercised(4,824,124)209.54 
Forfeited or expired(333,980)243.01 
Outstanding at May 31, 20268,412,866 233.46 6.2$1,500 
Exercisable4,871,197 220.65 4.6931 
Expected to vest3,188,210 251.07 8.4512 
Available for future grants9,581,694 
(1)Only presented for options with market value at May 31, 2026 in excess of the exercise price of the option.
Schedule of Vested and Unvested Restricted Stock and RSUs
The following table summarizes information regarding vested and unvested restricted stock and RSUs for the year ended May 31, 2026:
Restricted Stock and RSUs
Shares/UnitsWeighted-
Average
Grant-Date
Fair Value
Unvested at June 1, 2025306,279 $253.66 
Granted260,093 236.63 
Vested(143,195)247.96 
Forfeited(2,839)236.15 
Unvested at May 31, 2026420,338 247.03 
Available for future grants2,252,275 
Schedule of Stock Option Vesting
Stock option vesting during the years ended May 31 was as follows:
Stock Options
Vested during
the year
Fair value
(in millions)
20261,594,620 $130 
20251,896,584 116 
20242,599,042 137