| Accumulated Other Comprehensive Income |
| | NOTE 10 — Accumulated Other Comprehensive Income |
The changes in accumulated other comprehensive income, net of tax, were as follows: | | | | | | | | | | | | | | | | | | | | | | (In millions) | | Foreign Currency Translation Adjustment(1) | | Cash Flow Hedges | | Net Investment Hedges(1) | | Other | | Total | Balance at November 30, 2013 | | $ | 24 |
| | $ | 28 |
| | $ | 95 |
| | $ | (57 | ) | | $ | 90 |
| Other comprehensive gains (losses) before reclassifications (2) | | (34 | ) | | (31 | ) | | — |
| | (3 | ) | | (68 | ) | Reclassifications to net income of previously deferred (gains) losses (3) | | — |
| | 10 |
| | — |
| | 1 |
| | 11 |
| Other comprehensive income (loss) | | (34 | ) | | (21 | ) | | — |
| | (2 | ) | | (57 | ) | Balance at February 28, 2014 | | $ | (10 | ) | | $ | 7 |
| | $ | 95 |
| | $ | (59 | ) | | $ | 33 |
|
| | (1) | The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the respective entity. |
| | (2) | Net of tax benefit (expense) of $0 million, $5 million, $0 million, $0 million, and $5 million, respectively. |
| | (3) | Net of tax (benefit) expense of $0 million, $(1) million, $0 million, $0 million, and $(1) million, respectively. |
| | | | | | | | | | | | | | | | | | | | | | (In millions) | | Foreign Currency Translation Adjustment(1) | | Cash Flow Hedges | | Net Investment Hedges(1) | | Other | | Total | Balance at May 31, 2013 | | $ | 41 |
| | $ | 193 |
| | $ | 95 |
| | $ | (55 | ) | | $ | 274 |
| Other comprehensive gains (losses) before reclassifications (2) | | (51 | ) | | (151 | ) | | — |
| | (7 | ) | | (209 | ) | Reclassifications to net income of previously deferred (gains) losses (3) | | — |
| | (35 | ) | | — |
| | 3 |
| | (32 | ) | Other comprehensive income (loss) | | (51 | ) | | (186 | ) | | — |
| | (4 | ) | | (241 | ) | Balance at February 28, 2014 | | $ | (10 | ) | | $ | 7 |
| | $ | 95 |
| | $ | (59 | ) | | $ | 33 |
|
| | (1) | The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the respective entity. |
| | (2) | Net of tax benefit (expense) of $0 million, $12 million, $0 million, $0 million, and $12 million, respectively. |
| | (3) | Net of tax (benefit) expense of $0 million, $9 million, $0 million, $0 million, and $9 million, respectively. |
The following table summarizes the reclassifications from accumulated other comprehensive income to the unaudited condensed consolidated statements of income: | | | | | | | | | | | | | | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income | | | | | Three Months Ended February 28, | | Nine Months Ended February 28, | | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income | (In millions) | | 2014 | | 2014 | | Gains (losses) on cash flow hedges: | | | | | | | Foreign exchange forwards and options | | $ | (1 | ) | | $ | 20 |
| | Revenue | Foreign exchange forwards and options | | (5 | ) | | 18 |
| | Cost of sales | Foreign exchange forwards and options | | — |
| | — |
| | Selling and administrative expense | Foreign exchange forwards and options | | (5 | ) | | 6 |
| | Other expense (income), net | Total before tax | | (11 | ) | | 44 |
| | | Tax benefit (expense) | | 1 |
| | (9 | ) | | | Gain (loss) net of tax | | (10 | ) | | 35 |
| | | | | | | | | | Gains (losses) on other | | (1 | ) | | (3 | ) | | Other expense (income), net | Total before tax | | (1 | ) | | (3 | ) | | | Tax benefit (expense) | | — |
| | — |
| | | Gain (loss) net of tax | | (1 | ) | | (3 | ) | | | | |
|
| |
|
| | | Total net gain (loss) reclassified for the period | | $ | (11 | ) | | $ | 32 |
| | |
|