v3.26.3
RISK MANAGEMENT AND DERIVATIVES (Tables)
 3 Months Ended
Aug. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets, which are classified within Level 2 of the fair value hierarchy:
DERIVATIVE ASSETS
BALANCE SHEET LOCATIONAUGUST 31,MAY 31,
(Dollars in millions)
20262026
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets$118$111
Foreign exchange forwards and optionsDeferred income taxes and other assets5344
Interest rate swaps
Deferred income taxes and other assets
—6
Total derivatives formally designated as hedging instruments171161
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets2529
Total derivatives not designated as hedging instruments2529
TOTAL DERIVATIVE ASSETS$196$190
DERIVATIVE LIABILITIES
BALANCE SHEET LOCATIONAUGUST 31,MAY 31,
(Dollars in millions)
20262026
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities$220$253
Foreign exchange forwards and optionsDeferred income taxes and other liabilities4962
Interest rate swaps
Deferred income taxes and other liabilities
5310
Total derivatives formally designated as hedging instruments322325
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities2018
Total derivatives not designated as hedging instruments2018
TOTAL DERIVATIVE LIABILITIES$342$343
Schedule of Derivative Instruments, Gain (Loss) In Statement of Income
The following tables present the amounts affecting the Unaudited Condensed Consolidated Statements of Income:

(Dollars in millions)
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES
AMOUNT OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE
INCOME (LOSS) INTO INCOME
THREE MONTHS ENDED AUGUST 31,LOCATION OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE INCOME
(LOSS) INTO INCOME		THREE MONTHS ENDED AUGUST 31,
2026202520262025
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options$(8)$43Revenues$(4)$(7)
Foreign exchange forwards and options27(153)Cost of sales(30)50
Foreign exchange forwards and options27(48)Other (income) expense, net(2)(14)
TOTAL DESIGNATED CASH FLOW HEDGES $46$(158)$(36)$29

AMOUNT OF GAIN (LOSS) RECOGNIZED
IN INCOME ON DERIVATIVES		LOCATION OF GAIN (LOSS)
RECOGNIZED IN INCOME
ON DERIVATIVES
THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)
20262025
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options$(29)$17Other (income) expense, net