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PART II
Consolidated Statements of Shareholders’ Equity
Common Stock Capital in
Excess
of Stated
Value
Accumulated
Other
Comprehensive
Income
Retained
Earnings Total
Class A Class B
(In millions, except per share data) Shares Amount Shares Amount
BALANCE AT MAY 31, 2009 95 $ — 390 $ 3 $ 2,871 $ 368 $ 5,451 $ 8,693
Stock options exercised 9 380 380
Conversion to Class B
Common Stock (5) 5 —
Repurchase of Class B
Common Stock (11) (7) (747) (754)
Dividends on Common stock
($1.06 per share) (515) (515)
Issuance of shares to employees 1 40 40
Stock-based compensation (Note 11) 159 159
Forfeiture of shares from employees — (2) (1) (3)
Comprehensive income:
Net income 1,907 1,907
Other comprehensive income
(Notes 14 and 16):
Foreign currency translation and
other (net of tax benefit of $72) (159) (159)
Net gain on cash flow hedges (net of tax
expense of $28) 87 87
Net gain on net investment hedges
(net of tax expense of $21) 45 45
Reclassification to net income of previously
deferred net gains related to hedge derivatives
(net of tax
expense of $42) (122) (122)
Reclassification of ineffective hedge
gains to net income (net of tax expense of $1) (4) (4)
Total comprehensive income (153) 1,907 1,754
BALANCE AT MAY 31, 2010 90 $ — 394 $ 3 $ 3,441 $ 215 $ 6,095 $ 9,754
Stock options exercised 7 368 368
Repurchase of Class B Common Stock (24) (14) (1,857) (1,871)
Dividends on Common stock ($1.20 per share) (569) (569)
Issuance of shares to employees 1 49 49
Stock-based compensation (Note 11) 105 105
Forfeiture of shares from employees — (5) (1) (6)
Comprehensive income:
Net income 2,133 2,133
Other comprehensive income (Notes 14 and 16):
Foreign currency translation and
other (net of tax expense of $121) 263 263
Net loss on cash flow hedges (net of
tax benefit of $66) (242) (242)
Net loss on net investment hedges
(net of tax benefit of $28) (57) (57)
Reclassification to net income of previously
deferred net gains related to hedge derivatives
(net of tax
expense of $24) (84) (84)
Total comprehensive income (120) 2,133 2,013
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