Oracle (ORCL) 10-Q12 Sep 232024 Q1 Quarterly reportFinancial data

Company Profile

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
DOCUMENT AND ENTITY INFORMATION - shares	Aug. 31, 2023	Sep. 07, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Entity Registrant Name	Oracle Corporation
Entity Central Index Key	0001341439
Current Fiscal Year End Date	--05-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		2,739,821,000
Entity File Number	001-35992
Entity Tax Identification Number	54-2185193
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Address, Address Line One	2300 Oracle Way
Entity Address, City or Town	Austin
Entity Address State Or Province	TX
Entity Address, Postal Zip Code	78741
City Area Code	737
Local Phone Number	867-1000
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	ORCL
Security Exchange Name	NYSE
3.125% senior notes due July 2025 [Member]
Document Information [Line Items]
Title of 12(b) Security	3.125% senior notes due July 2025
Security Exchange Name	NYSE
No Trading Symbol Flag	true

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 31, 2023	May 31, 2023
Current assets:
Cash and cash equivalents	$ 11,613	$ 9,765
Marketable securities	470	422
Trade receivables, net of allowances for credit losses of $445 and $428 as of August 31, 2023 and May 31, 2023, respectively	6,519	6,915
Prepaid expenses and other current assets	3,564	3,902
Total current assets	22,166	21,004
Non-current assets:
Property, plant and equipment, net	17,644	17,069
Intangible assets, net	9,074	9,837
Goodwill, net	62,206	62,261
Deferred tax assets	12,243	12,226
Other non-current assets	13,329	11,987
Total non-current assets	114,496	113,380
Total assets	136,662	134,384
Current liabilities:
Notes payable and other borrowings, current	4,499	4,061
Accounts payable	1,034	1,204
Accrued compensation and related benefits	1,818	2,053
Deferred revenues	11,120	8,970
Other current liabilities	6,886	6,802
Total current liabilities	25,357	23,090
Non-current liabilities:
Notes payable and other borrowings, non-current	84,442	86,420
Income taxes payable	11,201	11,077
Deferred tax liabilities	5,281	5,772
Other non-current liabilities	7,540	6,469
Total non-current liabilities	108,464	109,738
Commitments and contingencies
Oracle Corporation stockholders' deficit:
Preferred stock, $0.01 par value—authorized: 1.0 shares; outstanding: none	0	0
Common stock, $0.01 par value and additional paid in capital - authorized: 11,000 shares; outstanding: 2,739 shares and 2,713 shares as of August 31, 2023 and May 31, 2023, respectively	30,295	30,215
Accumulated deficit	(26,428)	(27,620)
Accumulated other comprehensive loss	(1,497)	(1,522)
Total Oracle Corporation stockholders' deficit	2,370	1,073
Noncontrolling interests	471	483
Total stockholders' deficit	2,841	1,556
Total liabilities and stockholders' deficit	$ 136,662	$ 134,384

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - USD ($) $ in Millions	Aug. 31, 2023	May 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 445	$ 428
Preferred stock par value per share	$ 0.01	$ 0.01
Preferred stock shares authorized	1,000,000	1,000,000
Preferred stock shares outstanding	0	0
Common stock par value per share	$ 0.01	$ 0.01
Common stock shares authorized	11,000,000,000	11,000,000,000
Common stock shares outstanding	2,739,000,000	2,713,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Revenues:
Cloud services and license support		$ 9,547	$ 8,417
Cloud license and on-premise license		809	904
Hardware		714	763
Services		1,383	1,361
Total revenues		12,453	11,445
Operating expenses:
Cloud services and license support	[1]	2,179	1,735
Hardware	[1]	219	249
Services	[1]	1,212	1,053
Sales and marketing	[1]	2,026	2,177
Research and development		2,216	2,093
General and administrative		393	411
Amortization of intangible assets		763	919
Acquisition related and other		11	41
Restructuring		138	144
Total operating expenses		9,157	8,822
Operating income		3,296	2,623
Interest expense		(872)	(787)
Non-operating expenses, net		(49)	(180)
Income before income taxes		2,375	1,656
Benefit from (provision for) income taxes		45	(108)
Net income		$ 2,420	$ 1,548
Earnings per share:
Basic		$ 0.89	$ 0.58
Diluted		$ 0.86	$ 0.56
Weighted average common shares outstanding:
Basic		2,728	2,685
Diluted		2,823	2,747

[1] Exclusive of amortization of intangible assets, which is shown separately.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 2,420	$ 1,548
Other comprehensive income (loss), net of tax:
Net foreign currency translation losses	(44)	(288)
Net unrealized gains on cash flow hedges	72	17
Other, net	(3)	(1)
Total other comprehensive income (loss), net	25	(272)
Comprehensive income	$ 2,445	$ 1,276

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) - USD ($) $ in Millions	Total	Common Stock and Additional Paid in Capital	Accumulated Deficit	Other Stockholders' Deficit, Net
Balance, beginning of period at May. 31, 2022		$ 26,808	$ (31,336)	$ (1,240)
Other comprehensive income (loss), net	$ (272)			(272)
Common stock issued		515
Stock-based compensation		750
Repurchases of common stock	(559)	(73)	(486)
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards		(829)
Cash dividends declared			(860)
Net income			1,548
Other, net		53		(27)
Balance, end of period at Aug. 31, 2022	$ (5,449)	27,224	(31,134)	(1,539)
Cash dividends declared per common share	$ 0.32
Balance, beginning of period at May. 31, 2023	$ 1,556	30,215	(27,620)	(1,039)
Other comprehensive income (loss), net	25			25
Common stock issued		308
Stock-based compensation		849
Repurchases of common stock	(150)	(13)	(137)
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards		(1,060)
Cash dividends declared			(1,091)
Net income			2,420
Other, net		(4)		(12)
Balance, end of period at Aug. 31, 2023	$ 2,841	$ 30,295	$ (26,428)	$ 1,026
Cash dividends declared per common share	$ 0.4

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Cash flows from operating activities:
Net income	$ 2,420	$ 1,548
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	712	547
Amortization of intangible assets	763	919
Deferred income taxes	(517)	(344)
Stock-based compensation	849	750
Other, net	169	156
Changes in operating assets and liabilities, net of effects from acquisitions:
Decrease in trade receivables, net	380	761
Decrease in prepaid expenses and other assets	269	44
Decrease in accounts payable and other liabilities	(457)	(166)
Increase in income taxes payable	69	145
Increase in deferred revenues	2,317	2,034
Net cash provided by operating activities	6,974	6,394
Cash flows from investing activities:
Purchases of marketable securities and other investments	(333)	(57)
Proceeds from sales and maturities of marketable securities and other investments	85	138
Acquisitions, net of cash acquired	0	(27,798)
Capital expenditures	(1,314)	(1,719)
Net cash used for investing activities	(1,562)	(29,436)
Cash flows from financing activities:
Payments for repurchases of common stock	(150)	(552)
Proceeds from issuances of common stock	308	515
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards	(1,060)	(829)
Payments of dividends to stockholders	(1,091)	(860)
Repayments of commercial paper	(562)	0
Proceeds from issuances of senior notes and other borrowings, net of issuance costs	0	20,046
Repayments of senior notes and other borrowings	(1,000)	(5,883)
Other, net	27	(127)
Net cash (used for) provided by financing activities	(3,528)	12,310
Effect of exchange rate changes on cash and cash equivalents	(36)	(203)
Net increase (decrease) in cash and cash equivalents	1,848	(10,935)
Cash and cash equivalents at beginning of period	9,765	21,383
Cash and cash equivalents at end of period	11,613	10,448
Non-cash financing activities:
Fair values of stock awards assumed in connection with acquisitions	$ 0	$ 55

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Aug. 31, 2023	Aug. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 2,420	$ 1,548

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Aug. 31, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Our Section 16 officers and directors (as defined in Rule 16a-1 under the Exchange Act) may from time to time enter into plans for the purchase or sale of Oracle stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. During the quarter ended August 31, 2023, the following Section 16 officer adopted, modified or terminated “Rule 10b5-1 trading arrangements” (as defined in Item 408 under Regulation S-K of the Exchange Act): • Safra Catz , our Chief Executive Officer and Director , adopted a new trading plan on August 1, 2023 . The plan’s maximum duration is until October 4, 2024, and first trades will not occur until January 2, 2024, at the earliest. The trading plan is intended to permit Ms. Catz to exercise and sell two tranches of stock options set to expire in 2024: (i) 2,250,000 st ock options expiring on July 24, 2024; and (ii) 500,000 stock options expiring on October 5, 2024. The Rule 10b5-1 trading arrangement described above was adopted and precleared in accordance with Oracle’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangements will be disclosed publicly in future Section 16 filings with the SEC.
Safra Catz [Member]
Trading Arrangements, by Individual
Name	Safra Catz
Title	Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 1, 2023
Stock Options Expiring on July 24, 2024 [Member] \| Safra Catz [Member]
Trading Arrangements, by Individual
Aggregate Available	2,250,000
Stock Options Expiring on October 5, 2024 [Member] \| Safra Catz [Member]
Trading Arrangements, by Individual
Aggregate Available	500,000

BASIS OF PRESENTATION AND OTHER

BASIS OF PRESENTATION AND OTHER	3 Months Ended
BASIS OF PRESENTATION AND OTHER	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND OTHER	1. BASIS OF PRESENTATION AND OTHER Basis of Presentation We have prepared the condensed consolidated financial statements included herein pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures herein are adequate to ensure the information presented is not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023. We believe that all necessary adjustments, which consisted only of normal recurring items, have been included in the accompanying financial statements to present fairly the results of the interim periods. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the fiscal year ending May 31, 2024. During the first quarter of fiscal 2024, we finalized our adoption of Accounting Standards Update 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and subsequent amendments to the initial guidance (collectively, Topic 848), which had no material impact to our current or historical condensed consolidated financial statements. There have been no changes to our significant accounting policies as disclosed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023 that had a significant impact on our condensed consolidated financial statements or notes thereto as of and for the three months ended August 31, 2023. Cash, Cash Equivalents and Restricted Cash Restricted cash that was included within cash and cash equivalents as presented within our condensed consolidated balance sheets as of August 31, 2023 and May 31, 2023 and our condensed consolidated statements of cash flows for the three months ended August 31, 2023 and 2022 was nominal. Remaining Performance Obligations from Contracts with Customers Trade receivables, net of allowance for credit losses, and deferred revenues are reported net of related uncollected deferred revenues in our condensed consolidated balance sheets as of August 31, 2023 and May 31, 2023. The revenues recognized during the three months ended August 31, 2023 and 2022, respectively, that were included in the opening deferred revenues balances as of May 31, 2023 and 2022, respectively, were approximately $ 3.9 billion and $ 3.5 billion, respectively. Revenues recognized from performance obligations satisfied in prior periods and impairment losses recognized on our receivables were immaterial in each of the three months ended August 31, 2023 and 2022. Remaining performance obligations, as defined in Note 1 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023, were $ 64.9 billion as of August 31, 2023, approximately 49 % of which we expect to recognize as revenues over the next twelve months , 35 % over the subsequent month 13 to month 36 and the remainder thereafter. Sales of Financing Receivables We offer certain of our customers the option to acquire certain of our cloud and license, hardware and services offerings through separate long-term payment contracts. We generally sell these contracts that we have financed for our customers on a non-recourse basis to financial institutions within 90 days of the contracts’ dates of execution. We record the transfers of amounts due from customers to financial institutions as sales of financing receivables because we are considered to have surrendered control of these financing receivables. Financing receivables sold to financial institutions were $ 561 million and $ 927 million for the three months ended August 31, 2023 and 2022, respectively. Non-Marketable Investments Our non-marketable debt investments and equity securities and related instruments totaled $ 1.7 billion and $ 1.6 billion as of August 31, 2023 and May 31, 2023, respectively, and are included in other non-current assets in the accompanying condensed consolidated balance sheets and are subject to periodic impairment reviews. Certain of these non-marketable equity securities and related instruments are adjusted for observable price changes from orderly transactions. The majority of the non-marketable investments held as of these dates were with a related party entity for which we follow the equity method of accounting. We are also a counterparty to certain options to acquire additional equity interests in that entity at various times through June 2025 and we could obtain control of that entity should such options be exercised. Acquisition Related and Other Expenses Acquisition related and other expenses primarily consist of personnel related costs for transitional and certain other employees, certain business combination adjustments, including adjustments after the measurement period has ended, and certain other operating items, net. Three Months Ended (in millions) 2023 2022 Transitional and other employee related costs $ 6 $ 17 Business combination adjustments, net 1 5 Other, net 4 19 Total acquisition related and other expenses $ 11 $ 41 Non-Operating Expenses, net Non-operating expenses, net consists primarily of interest income, net foreign currency exchange losses, the noncontrolling interests in the net profits of our majority-owned subsidiaries (primarily Oracle Financial Services Software Limited and Oracle Corporation Japan), net losses related to equity investments, including losses attributable to equity method investments and net other income and expenses, including net unrealized gains and losses from our investment portfolio related to our deferred compensation plan and non-service net periodic pension income and losses. Three Months Ended (in millions) 2023 2022 Interest income $ 136 $ 38 Foreign currency losses, net ( 82 ) ( 71 ) Noncontrolling interests in income ( 37 ) ( 38 ) Losses from equity investments, net ( 118 ) ( 86 ) Other income (expenses), net 52 ( 23 ) Total non-operating expenses, net $ ( 49 ) $ ( 180 )

ACQUISITIONS

ACQUISITIONS	3 Months Ended
ACQUISITIONS	Aug. 31, 2023
Business Combinations [Abstract]
ACQUISITIONS	2. ACQUISITIONS Fiscal 2023 Acquisition of Cerner Corporation On June 8, 2022, we completed our acquisition of Cerner Corporation (Cerner), a provider of digital information systems used within hospitals and health systems that are designed to enable medical professionals to deliver better healthcare to individual patients and communities. The total purchase price for Cerner was $ 28.2 billion, which consisted of $ 28.2 billion in cash and $ 55 million for the fair values of restricted stock-based awards and stock options assumed. In allocating the purchase price based on estimated fair values, we recorded approximately $ 18.6 billion of goodwill, $ 12.0 billion of identifiable intangible assets and $ 2.4 billion of net tangible liabilities. See Note 2 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023 for additional information regarding our acquisition of Cerner. Other Fiscal 2023 Acquisitions During fiscal 2023, we acquired certain other companies and purchased certain technology and development assets primarily to expand our products and services offerings. These acquisitions were not significant individually or in the aggregate to our consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Aug. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	3. FAIR VALUE MEASUREMENTS We perform fair value measurements in accordance with FASB Accounting Standards Codification (ASC) 820, Fair Value Measurement . ASC 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at their fair values, we consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the assets or liabilities, such as inherent risk, transfer restrictions and risk of nonperformance. ASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or a liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value: • Level 1: quoted prices in active markets for identical assets or liabilities; • Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or • Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities. Assets and Liabilities Measured at Fair Value on a Recurring Basis Our assets and liabilities measured at fair value on a recurring basis consisted of the following (Level 1 and Level 2 inputs are defined above): August 31, 2023 May 31, 2023 Fair Value Measurements Fair Value Measurements (in millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Money market funds $ 3,489 $ — $ 3,489 $ 1,694 $ — $ 1,694 Time deposits and other 160 493 653 180 288 468 Derivative financial instruments — 174 174 — 102 102 Total assets $ 3,649 $ 667 $ 4,316 $ 1,874 $ 390 $ 2,264 Liabilities: Derivative financial instruments $ — $ 112 $ 112 $ — $ 126 $ 126 Our cash equivalents and marketable securities investments consist of money market funds, time deposits, marketable equity securities and certain other securities. Marketable securities as presented per our condensed consolidated balance sheets included debt securities with original maturities at the time of purchase greater than three months and the remainder of the debt securities were included in cash and cash equivalents. We classify our marketable debt securities as available-for-sale debt securities at the time of purchase and reevaluate such classification as of each balance sheet date. As of August 31, 2023 and May 31, 2023, all of our marketable debt securities investments mature within one year. Our valuation techniques used to measure the fair values of our instruments that were classified as Level 1 in the table above were derived from quoted market prices and active markets for these instruments that exist. Our valuation techniques used to measure the fair values of Level 2 instruments listed in the table above were derived from the following: non-binding market consensus prices that were corroborated by observable market data, quoted market prices for similar instruments, or pricing models, such as discounted cash flow techniques, with all significant inputs derived from or corroborated by observable market data including reference rate yield curves, among others. Based on the trading prices of the $ 88.9 billion and $ 89.9 billion of senior notes and other long-term borrowings and the related fair value hedges that we had outstanding as of August 31, 2023 and May 31, 2023, respectively, the estimated fair values of the senior notes and other long-term borrowings and the related fair value hedges using Level 2 inputs at August 31, 2023 and May 31, 2023 were $ 78.7 billion and $ 79.9 billion, respectively.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	3 Months Ended
INTANGIBLE ASSETS AND GOODWILL	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	4. INTANGIBLE ASSETS AND GOODWILL The changes in intangible assets for fiscal 2024 and the net book value of intangible assets as of August 31, 2023 and May 31, 2023 were as follows: Intangible Assets, Gross Accumulated Amortization Intangible Assets, Net (in millions) May 31, Additions & August 31, May 31, Expense August 31, May 31, August 31, Developed technology $ 4,300 $ — $ 4,300 $ ( 2,407 ) $ ( 168 ) $ ( 2,575 ) $ 1,893 $ 1,725 Cloud services and license support agreements and related relationships 9,456 — 9,456 ( 5,579 ) ( 269 ) ( 5,848 ) 3,877 3,608 Cloud license and on-premise license agreements and related relationships 2,688 — 2,688 ( 697 ) ( 116 ) ( 813 ) 1,991 1,875 Other 3,582 — 3,582 ( 1,506 ) ( 210 ) ( 1,716 ) 2,076 1,866 Total intangible assets, net $ 20,026 $ — $ 20,026 $ ( 10,189 ) $ ( 763 ) $ ( 10,952 ) $ 9,837 $ 9,074 As of August 31, 2023, estimated future amortization expenses related to intangible assets were as follows (in millions): Remainder of fiscal 2024 $ 2,231 Fiscal 2025 2,283 Fiscal 2026 1,620 Fiscal 2027 664 Fiscal 2028 635 Fiscal 2029 561 Thereafter 1,080 Total intangible assets, net $ 9,074 The changes in the carrying amounts of goodwill, net, which is generally not deductible for tax purposes, for our operating segments for the three months ended August 31, 2023 were as follows: (in millions) Cloud and License Hardware Services Total Goodwill, net Balances as of May 31, 2023 $ 57,060 $ 2,732 $ 2,469 $ 62,261 Goodwill adjustments, net (1) ( 13 ) — ( 42 ) ( 55 ) Balances as of August 31, 2023 $ 57,047 $ 2,732 $ 2,427 $ 62,206 (1) Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations and certain other adjustments.

RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES	3 Months Ended
RESTRUCTURING ACTIVITIES	Aug. 31, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING ACTIVITIES	5. RESTRUCTURING ACTIVITIES Fiscal 2024 Oracle Restructuring Plan During the first quarter of fiscal 2024, our management approved, committed to and initiated plans to restructure and further improve efficiencies in our operations due to our acquisitions and certain other operational activities (2024 Restructuring Plan). The total estimated restructuring costs associated with the 2024 Restructuring Plan are up to $ 609 million and will be recorded to the restructuring expense line item within our condensed consolidated statements of operations as they are incurred. We recorded $ 153 million of restructuring expenses in connection with the 2024 Restructuring Plan in the first three months of fiscal 2024 and we expect to incur the majority of the estimated remaining $ 456 million through the end of fiscal 2025. Any changes to the estimates of executing the 2024 Restructuring Plan will be reflected in our future results of operations. Summary of All Plans Accrued Three Months Ended August 31, 2023 Accrued Total Total (in millions) May 31, (2) Initial (3) Adj. to (4) Cash August 31, (2) Accrued Program 2024 Restructuring Plan (1) Cloud and license $ — $ 79 $ — $ ( 23 ) $ 56 $ 79 $ 184 Hardware — 2 — ( 1 ) 1 2 5 Services — 24 — ( 13 ) 11 24 187 Other — 48 — ( 22 ) 26 48 233 Total 2024 Restructuring Plan $ — $ 153 $ — $ ( 59 ) $ 94 $ 153 $ 609 Total other restructuring plans (5) $ 199 $ — $ ( 15 ) $ ( 48 ) $ 136 Total restructuring plans $ 199 $ 153 $ ( 15 ) $ ( 107 ) $ 230 (1) Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs. (2) As of August 31, 2023 and May 31, 2023, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed consolidated balance sheets. (3) Costs recorded for the respective restructuring plans during the period presented. (4) All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments. (5) Other restructuring plans presented in the tables above included condensed information for other Oracle based plans and other plans associated with certain of our acquisitions whereby we continued to make cash outlays to settle obligations under these plans during the periods presented but for which the periodic impact to our condensed consolidated statements of operations was not significant.

DEFERRED REVENUES

DEFERRED REVENUES	3 Months Ended
DEFERRED REVENUES	Aug. 31, 2023
Deferred Revenue Disclosure [Abstract]
DEFERRED REVENUES	6. DEFERRED REVENUES Deferred revenues consisted of the following: (in millions) August 31, May 31, Cloud services and license support $ 9,911 $ 7,983 Hardware 686 535 Services 469 400 Cloud license and on-premise license 54 52 Deferred revenues, current 11,120 8,970 Deferred revenues, non-current (in other non-current liabilities) 1,146 968 Total deferred revenues $ 12,266 $ 9,938 Deferred cloud services and license support revenues and deferred hardware revenues substantially represent customer payments made in advance for cloud or support contracts that are typically billed in advance with corresponding revenues generally being recognized ratably or based upon customer usage over the respective contractual periods. Deferred services revenues include prepayments for our services business and revenues for these services are generally recognized as the services are performed. Deferred cloud license and on-premise license revenues typically resulted from customer payments that related to undelivered products and services or specified enhancements.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	3 Months Ended
STOCKHOLDERS' EQUITY (DEFICIT)	Aug. 31, 2023
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)	7. STOCKHOLDERS’ EQUITY (DEFICIT) Common Stock Repurchases Our Board of Directors has approved a program for us to repurchase shares of our common stock. As of August 31, 2023, approximately $ 8.0 billion remained available for stock repurchases pursuant to our stock repurchase program. We repurchased 1.3 million shares for $ 150 million during the three months ended August 31, 2023 and 7.5 million shares for $ 559 million during the three months ended August 31, 2022 under the stock repurchase program. Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price and economic and market conditions. Our stock repurchases may be effected from time to time through open market purchases or pursuant to a Rule 10b5-1 trading plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time. Dividends on Common Stock In September 2023, our Board of Directors declared a quarterly cash dividend of $ 0.40 per share of our outstanding common stock. The dividend is payable on October 26, 2023 to stockholders of record as of the close of business on October 12, 2023 . Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination of our Board of Directors. Fiscal 2024 Stock‑Based Awards Activity and Compensation Expense During the first quarter of fiscal 2024, we issued 2 million restricted stock-based units (RSUs), all of which are subject to service-based vesting restrictions. These fiscal 2024 stock-based award issuances were partially offset by stock-based award forfeitures and cancellations of 1 million shares during the first quarter of fiscal 2024. The RSUs that were granted during the three months ended August 31, 2023 have similar vesting restrictions and contractual lives and were valued using methodologies of a similar nature as those described in Note 12 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023. Stock-based compensation expense is included in the following operating expense line items in our condensed consolidated statements of operations: Three Months Ended (in millions) 2023 2022 Cloud services and license support $ 111 $ 91 Hardware 5 4 Services 34 25 Sales and marketing 135 124 Research and development 484 422 General and administrative 80 84 Total stock-based compensation $ 849 $ 750

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Aug. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	8. INCOME TAXES Our effective tax rates for each of the periods presented are the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. Our benefit from (provision for) income taxes varied from the tax computed at the U.S. federal statutory income tax rate for the periods presented primarily due to earnings in foreign operations, state taxes, the U.S. research and development tax credit, settlements with tax authorities, the tax effects of stock-based compensation, the Foreign Derived Intangible Income deduction and the tax effect of Global Intangible Low-Taxed Income. Our effective tax benefit rate was ( 1.9 %) for the three months ended August 31, 2023, and our effective tax rate was 6.5 % for the three months ended August 31, 2022. Our net deferred tax assets were $ 7.0 billion and $ 6.5 billion as of August 31, 2023 and May 31, 2023, respectively. We believe that it is more likely than not that the net deferred tax assets will be realized in the foreseeable future. Realization of our net deferred tax assets is dependent upon our generation of sufficient taxable income in future years in appropriate tax jurisdictions to obtain benefit from the reversal of temporary differences, net operating loss carryforwards and tax credit carryforwards. The amount of net deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income change. Domestically, U.S. federal and state taxing authorities are currently examining income tax returns of Oracle and various acquired entities for years through fiscal 2021. Our U.S. federal income tax returns have been examined for all years prior to fiscal 2013 and, with some exceptions, we are no longer subject to audit for those periods. Our U.S. state income tax returns, with some exceptions, have been examined for all years prior to fiscal 2007, and we are no longer subject to audit for those periods. Internationally, tax authorities for numerous non-U.S. jurisdictions are also examining or have examined returns of Oracle and various acquired entities for years through fiscal 2023. Many of the relevant tax years are at an advanced stage in examination or subsequent controversy resolution processes. With some exceptions, we are generally no longer subject to tax examinations in non-U.S. jurisdictions for years prior to fiscal 2001. We are under audit by the IRS and various other domestic and foreign tax authorities with regards to income tax and indirect tax matters and are involved in various challenges and litigation in a number of countries, including, in particular, Australia, Brazil, Canada, Germany, India, Indonesia, Israel, Italy, Mexico, New Zealand, Pakistan, Saudi Arabia, South Korea and Spain, where the amounts under controversy are significant. In some, although not all, cases, we have reserved for potential adjustments to our provision for income taxes and accrual of indirect taxes that may result from examinations by, or any negotiated agreements with, these tax authorities or final outcomes in judicial proceedings and we believe that the final outcome of these examinations, agreements or judicial proceedings will not have a material effect on our results of operations. If events occur which indicate payment of these amounts is unnecessary, the reversal of the liabilities would result in the recognition of benefits in the period we determine the liabilities are no longer necessary. If our estimates of the federal, state and foreign income tax liabilities and indirect tax liabilities are less than the ultimate assessment, it could result in a further charge to expense. We believe that we have adequately provided under GAAP for outcomes related to our tax audits. However, there can be no assurances as to the possible outcomes or any related financial statement effect thereof.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
SEGMENT INFORMATION	Aug. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	9. SEGMENT INFORMATION ASC 280, Segment Reporting , establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision makers (CODMs) are our Chief Executive Officer and Chief Technology Officer. We are organized by line of business and geographically. While our CODMs evaluate results in a number of different ways, the line of business management structure is the primary basis for which the allocation of resources and financial results are assessed. The tabular information below presents financial information that is provided to our CODMs for their review and assists our CODMs with evaluating the company’s performance and allocating company resources . We have three businesses—cloud and license, hardware and services—each of which is comprised of a single operating segment. All three of our businesses market and sell our offerings globally to businesses of many sizes, government agencies, educational institutions and resellers with a worldwide sales force positioned to offer the combinations that best meet customer needs. Our cloud and license business engages in the sale, marketing and delivery of our enterprise applications and infrastructure technologies through cloud and on-premise deployment models including our cloud services and license support offerings; and our cloud license and on-premise license offerings. Cloud services and license support revenues are generated from offerings that are typically contracted with customers directly, billed to customers in advance, delivered to customers over time with our revenue recognition occurring over the contractual terms and renewed by customers upon completion of the contractual terms. Cloud services and license support contracts provide customers with access to the latest updates to the applications and infrastructure technologies as they become available and for which the customer contracted and also include related technical support services over the contractual term. Cloud license and on-premise license revenues represent fees earned from granting customers licenses, generally on a perpetual basis, to use our database and middleware and our applications software products within cloud and on-premise IT environments. We generally recognize revenues at the point in time the software is made available to the customer to download and use, which typically is immediate upon signature of the license contract. In each fiscal year, our cloud and license business’ contractual activities are typically highest in our fourth fiscal quarter and the related cash flows are typically highest in the following quarter (i.e., in the first fiscal quarter of the next fiscal year) as we receive payments from these contracts. Our hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Our hardware business also offers hardware support, which provides customers with software updates for the software components that are essential to the functionality of their hardware products and can also include product repairs, maintenance services and technical support services that are typically delivered and recognized ratably over the contractual term. Our services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies. We do not track our assets for each business. Consequently, it is not practical to show assets by operating segment. The following table presents summary results for each of our three businesses: Three Months Ended (in millions) 2023 2022 Cloud and license: Revenues $ 10,356 $ 9,321 Cloud services and license support expenses 2,040 1,620 Sales and marketing expenses 1,784 1,930 Margin (1) $ 6,532 $ 5,771 Hardware: Revenues $ 714 $ 763 Hardware products and support expenses 211 243 Sales and marketing expenses 70 79 Margin (1) $ 433 $ 441 Services: Revenues $ 1,383 $ 1,361 Services expenses 1,145 1,007 Margin (1) $ 238 $ 354 Totals: Revenues $ 12,453 $ 11,445 Expenses 5,250 4,879 Margin (1) $ 7,203 $ 6,566 (1) The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of research and development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other non-operating expenses, net. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our condensed consolidated statements of operations. The following table reconciles total operating segment margin to income before income taxes: Three Months Ended (in millions) 2023 2022 Total margin for operating segments $ 7,203 $ 6,566 Research and development ( 2,216 ) ( 2,093 ) General and administrative ( 393 ) ( 411 ) Amortization of intangible assets ( 763 ) ( 919 ) Acquisition related and other ( 11 ) ( 41 ) Restructuring ( 138 ) ( 144 ) Stock-based compensation for operating segments ( 285 ) ( 244 ) Expense allocations and other, net ( 101 ) ( 91 ) Interest expense ( 872 ) ( 787 ) Non-operating expenses, net ( 49 ) ( 180 ) Income before income taxes $ 2,375 $ 1,656 Disaggregation of Revenues We have considered information that is regularly reviewed by our CODMs in evaluating financial performance and disclosures presented outside of our financial statements in our earnings releases and used in investor presentations to disaggregate revenues to depict how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. The principal category we use to disaggregate revenues is the nature of our products and services as presented in our condensed consolidated statements of operations. The following table is a summary of our total revenues by geographic region: Three Months Ended (in millions) 2023 2022 Americas $ 7,841 $ 7,192 EMEA (1) 3,005 2,691 Asia Pacific 1,607 1,562 Total revenues $ 12,453 $ 11,445 (1) Comprised of Europe, the Middle East and Africa The following table presents our cloud services and license support revenues by offerings: Three Months Ended (in millions) 2023 2022 Cloud services $ 4,635 $ 3,579 License support 4,912 4,838 Total cloud services and license support revenues $ 9,547 $ 8,417 The following table presents our cloud services and license support revenues by applications and infrastructure ecosystems: Three Months Ended (in millions) 2023 2022 Applications cloud services and license support $ 4,471 $ 4,016 Infrastructure cloud services and license support 5,076 4,401 Total cloud services and license support revenues $ 9,547 $ 8,417

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Aug. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	10. EARNINGS PER SHARE Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options and shares issuable under the employee stock purchase plan as applicable pursuant to the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended (in millions, except per share data) 2023 2022 Net income $ 2,420 $ 1,548 Weighted-average common shares outstanding 2,728 2,685 Dilutive effect of employee stock plans 95 62 Dilutive weighted-average common shares outstanding 2,823 2,747 Basic earnings per share $ 0.89 $ 0.58 Diluted earnings per share $ 0.86 $ 0.56 Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation (1) 27 71 (1) These weighted shares relate to anti-dilutive restricted service based stock-based awards as calculated using the treasury stock method and contingently issuable shares pursuant to performance stock option arrangements. Such shares could be dilutive in the future.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	3 Months Ended
LEGAL PROCEEDINGS	Aug. 31, 2023
Legal Proceedings [Abstract]
LEGAL PROCEEDINGS	11. LEGAL PROCEEDINGS Derivative Litigation Concerning Oracle’s NetSuite Acquisition On May 3 and July 18, 2017, two alleged stockholders filed separate derivative lawsuits in the Court of Chancery of the State of Delaware, purportedly on Oracle’s behalf. Thereafter, the court consolidated the two derivative cases and designated the July 18, 2017 complaint as the operative complaint. The consolidated lawsuit was brought against all the then-current members and one former member of our Board of Directors, and Oracle as a nominal defendant. Plaintiff alleged that the defendants breached their fiduciary duties by causing Oracle to agree to purchase NetSuite Inc. at an excessive price. The complaint sought (and the operative complaint continues to seek) declaratory relief, unspecified monetary damages (including interest), and attorneys’ fees and costs. The defendants filed a motion to dismiss, which the court denied on March 19, 2018. On May 4, 2018, our Board of Directors established a Special Litigation Committee (SLC) to investigate the allegations in this derivative action. Three non-employee directors served on the SLC. On August 15, 2019, the SLC filed a letter with the court, stating that the SLC believed that plaintiff should be allowed to proceed with the derivative litigation on behalf of Oracle. After the SLC advised the Board that it had fulfilled its duties and obligations, the Board withdrew the SLC’s authority, except that the SLC maintained certain authority to respond to discovery requests in the litigation. After plaintiff filed the July 18, 2017 complaint, an additional plaintiff joined the case. Plaintiffs filed several amended complaints, and filed their most recent amended complaint on December 11, 2020. The operative complaint asserts claims for breach of fiduciary duty against our Chief Executive Officer, our Chief Technology Officer, the estate of Mark Hurd (our former Chief Executive Officer who passed away on October 18, 2019), and two other members of our Board of Directors. Oracle is named as a nominal defendant. On December 11, 2020, the estate of Mark Hurd and the two other members of our Board of Directors moved to dismiss this complaint. On June 21, 2021, the court granted this motion as to the estate of Mark Hurd and one Board member and denied the motion as to the other Board member, who filed an answer to the complaint on August 9, 2021. On December 28, 2020, our Chief Executive Officer, our Chief Technology Officer, and Oracle as a nominal defendant filed answers to the operative complaint. Trial commenced on July 18, 2022, and has concluded. On November 18, 2022, the court held a final hearing on the parties’ post-trial briefing. On December 27, 2022, the court “so ordered” a stipulation, dismissing the Board member from this action. On May 12, 2023, the court issued its trial ruling, finding for defendants and rejecting plaintiffs’ claims. On May 22, 2023, plaintiffs filed a motion for attorneys’ fees, claiming that this lawsuit had conferred a benefit on Oracle. By letter dated May 23, 2023, the court informed the parties that a final order and judgment would be entered after the court resolved plaintiffs’ motion for attorneys’ fees. On July 28, 2023, nominal defendant Oracle filed an opposition to plaintiffs’ fee application. No schedule has been set for plaintiffs to file a reply. Because the court has not yet ruled on plaintiffs’ motion, no judgment has been entered, and plaintiffs time to file a notice of appeal has not yet begun to run. On May 31, 2023, defendants filed a bill of costs, as the prevailing party. This motion is fully briefed, and the court has not yet ruled on this motion. While Oracle continues to evaluate these claims, we do not believe this litigation will have a material impact on our financial position or results of operations. Derivative Litigation Concerning Oracle’s Cloud Business On February 12 and May 6, 2019, two stockholder derivative lawsuits were filed in the United States District Court for the Northern District of California. The cases were consolidated, and on July 8, 2019, a single plaintiff filed a consolidated complaint. The consolidated complaint brought various claims relating to a Rule 10b-5 class action that was filed in the same court on August 10, 2018, and which was settled for a payment by the Company of $ 17,500,000 . That matter is now concluded. In the Rule 10b-5 class action, plaintiff alleged Oracle and certain Oracle officers made or were responsible for false and misleading statements regarding Oracle’s cloud business. Plaintiff in the derivative action filed an amended complaint on June 4, 2021. The derivative suit is brought by an alleged stockholder of Oracle, purportedly on Oracle’s behalf, against our Chief Technology Officer, our Chief Executive Officer, and the estate of Mark Hurd. Plaintiff claims that the alleged actions described in the 10b-5 class action caused harm to Oracle, including harming Oracle because Oracle allegedly repurchased its own stock at an inflated price. Plaintiff also claims that defendants violated their fiduciary duties of candor, good faith, loyalty, and due care by failing to prevent this alleged harm. Plaintiff also brings derivative claims for violations of federal securities laws. Plaintiff seeks a ruling that this case may proceed as a derivative action, a finding that defendants are liable for breaching their fiduciary duties, an award of damages to Oracle, an order directing defendants to enact corporate reforms, attorneys’ fees and costs, and unspecified relief. On June 14, 2021, the court “so ordered” a stipulation from the parties, staying this case pending resolution of the 10b-5 action, and the court “so ordered” two additional stipulations, staying the case until January 31, 2023. While Defendants had been scheduled to file their motion to dismiss by June 29, 2023, the parties agreed to two stays of this case, which the court “so ordered” on June 23, 2023, and on September 1, 2023. The September 1 stay was entered so that the parties can explore a mediated resolution to this matter. While Oracle continues to evaluate these claims, we do not believe these matters will have a material impact on our financial position or results of operations. Other Litigation We are party to various other legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business, including proceedings and claims that relate to acquisitions we have completed or to companies we have acquired or are attempting to acquire. While the outcome of these matters cannot be predicted with certainty, we do not believe that the outcome of any of these matters, individually or in the aggregate, will result in losses that are materially in excess of amounts already recognized, if any.

BASIS OF PRESENTATION AND OTH_2

BASIS OF PRESENTATION AND OTHER (Policies)	3 Months Ended
BASIS OF PRESENTATION AND OTHER (Policies)	Aug. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation We have prepared the condensed consolidated financial statements included herein pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures herein are adequate to ensure the information presented is not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023. We believe that all necessary adjustments, which consisted only of normal recurring items, have been included in the accompanying financial statements to present fairly the results of the interim periods. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the fiscal year ending May 31, 2024. During the first quarter of fiscal 2024, we finalized our adoption of Accounting Standards Update 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and subsequent amendments to the initial guidance (collectively, Topic 848), which had no material impact to our current or historical condensed consolidated financial statements. There have been no changes to our significant accounting policies as disclosed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023 that had a significant impact on our condensed consolidated financial statements or notes thereto as of and for the three months ended August 31, 2023.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Restricted cash that was included within cash and cash equivalents as presented within our condensed consolidated balance sheets as of August 31, 2023 and May 31, 2023 and our condensed consolidated statements of cash flows for the three months ended August 31, 2023 and 2022 was nominal.
Remaining Performance Obligations from Contracts with Customers	Remaining Performance Obligations from Contracts with Customers Trade receivables, net of allowance for credit losses, and deferred revenues are reported net of related uncollected deferred revenues in our condensed consolidated balance sheets as of August 31, 2023 and May 31, 2023. The revenues recognized during the three months ended August 31, 2023 and 2022, respectively, that were included in the opening deferred revenues balances as of May 31, 2023 and 2022, respectively, were approximately $ 3.9 billion and $ 3.5 billion, respectively. Revenues recognized from performance obligations satisfied in prior periods and impairment losses recognized on our receivables were immaterial in each of the three months ended August 31, 2023 and 2022. Remaining performance obligations, as defined in Note 1 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023, were $ 64.9 billion as of August 31, 2023, approximately 49 % of which we expect to recognize as revenues over the next twelve months , 35 % over the subsequent month 13 to month 36 and the remainder thereafter.
Sales of Financing Receivables	Sales of Financing Receivables We offer certain of our customers the option to acquire certain of our cloud and license, hardware and services offerings through separate long-term payment contracts. We generally sell these contracts that we have financed for our customers on a non-recourse basis to financial institutions within 90 days of the contracts’ dates of execution. We record the transfers of amounts due from customers to financial institutions as sales of financing receivables because we are considered to have surrendered control of these financing receivables. Financing receivables sold to financial institutions were $ 561 million and $ 927 million for the three months ended August 31, 2023 and 2022, respectively.
Non-Marketable Investments	Non-Marketable Investments Our non-marketable debt investments and equity securities and related instruments totaled $ 1.7 billion and $ 1.6 billion as of August 31, 2023 and May 31, 2023, respectively, and are included in other non-current assets in the accompanying condensed consolidated balance sheets and are subject to periodic impairment reviews. Certain of these non-marketable equity securities and related instruments are adjusted for observable price changes from orderly transactions. The majority of the non-marketable investments held as of these dates were with a related party entity for which we follow the equity method of accounting. We are also a counterparty to certain options to acquire additional equity interests in that entity at various times through June 2025 and we could obtain control of that entity should such options be exercised.
Acquisition Related and Other Expenses	Acquisition Related and Other Expenses Acquisition related and other expenses primarily consist of personnel related costs for transitional and certain other employees, certain business combination adjustments, including adjustments after the measurement period has ended, and certain other operating items, net. Three Months Ended (in millions) 2023 2022 Transitional and other employee related costs $ 6 $ 17 Business combination adjustments, net 1 5 Other, net 4 19 Total acquisition related and other expenses $ 11 $ 41
Non-Operating (Expenses) Income, net	Non-Operating Expenses, net Non-operating expenses, net consists primarily of interest income, net foreign currency exchange losses, the noncontrolling interests in the net profits of our majority-owned subsidiaries (primarily Oracle Financial Services Software Limited and Oracle Corporation Japan), net losses related to equity investments, including losses attributable to equity method investments and net other income and expenses, including net unrealized gains and losses from our investment portfolio related to our deferred compensation plan and non-service net periodic pension income and losses. Three Months Ended (in millions) 2023 2022 Interest income $ 136 $ 38 Foreign currency losses, net ( 82 ) ( 71 ) Noncontrolling interests in income ( 37 ) ( 38 ) Losses from equity investments, net ( 118 ) ( 86 ) Other income (expenses), net 52 ( 23 ) Total non-operating expenses, net $ ( 49 ) $ ( 180 )
Fair Value Measurements	We perform fair value measurements in accordance with FASB Accounting Standards Codification (ASC) 820, Fair Value Measurement . ASC 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at their fair values, we consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the assets or liabilities, such as inherent risk, transfer restrictions and risk of nonperformance. ASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or a liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value: • Level 1: quoted prices in active markets for identical assets or liabilities; • Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or • Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities.
Segment Information	ASC 280, Segment Reporting , establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision makers (CODMs) are our Chief Executive Officer and Chief Technology Officer. We are organized by line of business and geographically. While our CODMs evaluate results in a number of different ways, the line of business management structure is the primary basis for which the allocation of resources and financial results are assessed. The tabular information below presents financial information that is provided to our CODMs for their review and assists our CODMs with evaluating the company’s performance and allocating company resources

BASIS OF PRESENTATION AND OTH_3

BASIS OF PRESENTATION AND OTHER (Tables)	3 Months Ended
BASIS OF PRESENTATION AND OTHER (Tables)	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Acquisition Related and Other Expenses	Three Months Ended (in millions) 2023 2022 Transitional and other employee related costs $ 6 $ 17 Business combination adjustments, net 1 5 Other, net 4 19 Total acquisition related and other expenses $ 11 $ 41
Non-Operating (Expenses) Income, net	Three Months Ended (in millions) 2023 2022 Interest income $ 136 $ 38 Foreign currency losses, net ( 82 ) ( 71 ) Noncontrolling interests in income ( 37 ) ( 38 ) Losses from equity investments, net ( 118 ) ( 86 ) Other income (expenses), net 52 ( 23 ) Total non-operating expenses, net $ ( 49 ) $ ( 180 )

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Aug. 31, 2023
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	August 31, 2023 May 31, 2023 Fair Value Measurements Fair Value Measurements (in millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Money market funds $ 3,489 $ — $ 3,489 $ 1,694 $ — $ 1,694 Time deposits and other 160 493 653 180 288 468 Derivative financial instruments — 174 174 — 102 102 Total assets $ 3,649 $ 667 $ 4,316 $ 1,874 $ 390 $ 2,264 Liabilities: Derivative financial instruments $ — $ 112 $ 112 $ — $ 126 $ 126

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	3 Months Ended
INTANGIBLE ASSETS AND GOODWILL (Tables)	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets, Gross Accumulated Amortization Intangible Assets, Net (in millions) May 31, Additions & August 31, May 31, Expense August 31, May 31, August 31, Developed technology $ 4,300 $ — $ 4,300 $ ( 2,407 ) $ ( 168 ) $ ( 2,575 ) $ 1,893 $ 1,725 Cloud services and license support agreements and related relationships 9,456 — 9,456 ( 5,579 ) ( 269 ) ( 5,848 ) 3,877 3,608 Cloud license and on-premise license agreements and related relationships 2,688 — 2,688 ( 697 ) ( 116 ) ( 813 ) 1,991 1,875 Other 3,582 — 3,582 ( 1,506 ) ( 210 ) ( 1,716 ) 2,076 1,866 Total intangible assets, net $ 20,026 $ — $ 20,026 $ ( 10,189 ) $ ( 763 ) $ ( 10,952 ) $ 9,837 $ 9,074
Estimated Future Amortization Expenses Related to Intangible Assets	Remainder of fiscal 2024 $ 2,231 Fiscal 2025 2,283 Fiscal 2026 1,620 Fiscal 2027 664 Fiscal 2028 635 Fiscal 2029 561 Thereafter 1,080 Total intangible assets, net $ 9,074
Goodwill	(in millions) Cloud and License Hardware Services Total Goodwill, net Balances as of May 31, 2023 $ 57,060 $ 2,732 $ 2,469 $ 62,261 Goodwill adjustments, net (1) ( 13 ) — ( 42 ) ( 55 ) Balances as of August 31, 2023 $ 57,047 $ 2,732 $ 2,427 $ 62,206 (1) Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations and certain other adjustments.

RESTRUCTURING ACTIVITIES (Table

RESTRUCTURING ACTIVITIES (Tables)	3 Months Ended
RESTRUCTURING ACTIVITIES (Tables)	Aug. 31, 2023
Restructuring and Related Activities [Abstract]
Summary of All Plans	Accrued Three Months Ended August 31, 2023 Accrued Total Total (in millions) May 31, (2) Initial (3) Adj. to (4) Cash August 31, (2) Accrued Program 2024 Restructuring Plan (1) Cloud and license $ — $ 79 $ — $ ( 23 ) $ 56 $ 79 $ 184 Hardware — 2 — ( 1 ) 1 2 5 Services — 24 — ( 13 ) 11 24 187 Other — 48 — ( 22 ) 26 48 233 Total 2024 Restructuring Plan $ — $ 153 $ — $ ( 59 ) $ 94 $ 153 $ 609 Total other restructuring plans (5) $ 199 $ — $ ( 15 ) $ ( 48 ) $ 136 Total restructuring plans $ 199 $ 153 $ ( 15 ) $ ( 107 ) $ 230 (1) Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs. (2) As of August 31, 2023 and May 31, 2023, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed consolidated balance sheets. (3) Costs recorded for the respective restructuring plans during the period presented. (4) All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments. (5) Other restructuring plans presented in the tables above included condensed information for other Oracle based plans and other plans associated with certain of our acquisitions whereby we continued to make cash outlays to settle obligations under these plans during the periods presented but for which the periodic impact to our condensed consolidated statements of operations was not significant.

DEFERRED REVENUES (Tables)

DEFERRED REVENUES (Tables)	3 Months Ended
DEFERRED REVENUES (Tables)	Aug. 31, 2023
Deferred Revenue Disclosure [Abstract]
Deferred Revenues	(in millions) August 31, May 31, Cloud services and license support $ 9,911 $ 7,983 Hardware 686 535 Services 469 400 Cloud license and on-premise license 54 52 Deferred revenues, current 11,120 8,970 Deferred revenues, non-current (in other non-current liabilities) 1,146 968 Total deferred revenues $ 12,266 $ 9,938

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	3 Months Ended
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	Aug. 31, 2023
Stockholders' Equity Note [Abstract]
Stock-Based Compensation Expense	Three Months Ended (in millions) 2023 2022 Cloud services and license support $ 111 $ 91 Hardware 5 4 Services 34 25 Sales and marketing 135 124 Research and development 484 422 General and administrative 80 84 Total stock-based compensation $ 849 $ 750

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
SEGMENT INFORMATION (Tables)	Aug. 31, 2023
Segment Reporting [Abstract]
Summary of Businesses Results	Three Months Ended (in millions) 2023 2022 Cloud and license: Revenues $ 10,356 $ 9,321 Cloud services and license support expenses 2,040 1,620 Sales and marketing expenses 1,784 1,930 Margin (1) $ 6,532 $ 5,771 Hardware: Revenues $ 714 $ 763 Hardware products and support expenses 211 243 Sales and marketing expenses 70 79 Margin (1) $ 433 $ 441 Services: Revenues $ 1,383 $ 1,361 Services expenses 1,145 1,007 Margin (1) $ 238 $ 354 Totals: Revenues $ 12,453 $ 11,445 Expenses 5,250 4,879 Margin (1) $ 7,203 $ 6,566 (1) The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of research and development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other non-operating expenses, net. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our condensed consolidated statements of operations.
Reconciliation of Total Operating Segment Margin to Income before Income Taxes	Three Months Ended (in millions) 2023 2022 Total margin for operating segments $ 7,203 $ 6,566 Research and development ( 2,216 ) ( 2,093 ) General and administrative ( 393 ) ( 411 ) Amortization of intangible assets ( 763 ) ( 919 ) Acquisition related and other ( 11 ) ( 41 ) Restructuring ( 138 ) ( 144 ) Stock-based compensation for operating segments ( 285 ) ( 244 ) Expense allocations and other, net ( 101 ) ( 91 ) Interest expense ( 872 ) ( 787 ) Non-operating expenses, net ( 49 ) ( 180 ) Income before income taxes $ 2,375 $ 1,656
Disaggregation of Revenue by Geography and Ecosystem	Three Months Ended (in millions) 2023 2022 Americas $ 7,841 $ 7,192 EMEA (1) 3,005 2,691 Asia Pacific 1,607 1,562 Total revenues $ 12,453 $ 11,445 (1) Comprised of Europe, the Middle East and Africa Three Months Ended (in millions) 2023 2022 Cloud services $ 4,635 $ 3,579 License support 4,912 4,838 Total cloud services and license support revenues $ 9,547 $ 8,417 Three Months Ended (in millions) 2023 2022 Applications cloud services and license support $ 4,471 $ 4,016 Infrastructure cloud services and license support 5,076 4,401 Total cloud services and license support revenues $ 9,547 $ 8,417

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Aug. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Three Months Ended (in millions, except per share data) 2023 2022 Net income $ 2,420 $ 1,548 Weighted-average common shares outstanding 2,728 2,685 Dilutive effect of employee stock plans 95 62 Dilutive weighted-average common shares outstanding 2,823 2,747 Basic earnings per share $ 0.89 $ 0.58 Diluted earnings per share $ 0.86 $ 0.56 Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation (1) 27 71 (1) These weighted shares relate to anti-dilutive restricted service based stock-based awards as calculated using the treasury stock method and contingently issuable shares pursuant to performance stock option arrangements. Such shares could be dilutive in the future.

BASIS OF PRESENTATION AND OTH_4

BASIS OF PRESENTATION AND OTHER Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	May 31, 2023	May 31, 2022
Contract with Customer, Asset and Liability [Abstract]
Revenues recognized included in opening deferred revenues balances			$ 3,900	$ 3,500
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, amount	$ 64,900
Sales of Financing Receivables [Abstract]
Sales of financing receivables	$ 561	$ 927
Accounting Standards Update 2020-04 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Accounting Standards Update, Adopted	true
Immaterial effect	true

BASIS OF PRESENTATION AND OTH_5

BASIS OF PRESENTATION AND OTHER Narrative (Details1)	Aug. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-09-01
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, percentage	49%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-09-01
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, percentage	35%
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years

BASIS OF PRESENTATION AND OTH_6

BASIS OF PRESENTATION AND OTHER (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	May 31, 2023
Equity Securities, FV-NI and without Readily Determinable Fair Value [Abstract]
Non-marketable debt investments and equity securities and related instruments	$ 1,700		$ 1,600
Acquisition Related and Other Expenses [Abstract]
Transitional and other employee related costs	6	$ 17
Business combination adjustments, net	1	5
Other, net	4	19
Total acquisition related and other expenses	11	41
Non-Operating Expenses, net [Abstract]
Interest income	136	38
Foreign currency losses, net	(82)	(71)
Noncontrolling interests in income	(37)	(38)
Losses from equity investments, net	(118)	(86)
Other income (expenses), net	52	(23)
Total non-operating expenses, net	$ (49)	$ (180)

ACQUISITIONS Narrative (Details

ACQUISITIONS Narrative (Details) - USD ($) $ in Millions		3 Months Ended
ACQUISITIONS Narrative (Details) - USD ($) $ in Millions	Jun. 08, 2022	Aug. 31, 2023	Aug. 31, 2022	May 31, 2023
Business Acquisition [Line Items]
Revenues		$ 12,453	$ 11,445
Fair values of restricted stock-based awards and stock options assumed		0	$ 55
Goodwill		$ 62,206		$ 62,261
Cerner Corporation [Member]
Business Acquisition [Line Items]
Total preliminary purchase price	$ 28,200
Preliminary purchase price, in cash	28,200
Fair values of restricted stock-based awards and stock options assumed	55
Goodwill	18,600
Intangible assets	12,000
Tangible liabilities, Net	$ 2,400

FAIR VALUES OF NET ASSETS ACQUI

FAIR VALUES OF NET ASSETS ACQUIRED FROM CERNER (Details) - USD ($) $ in Millions	Jun. 08, 2022	Aug. 31, 2023	May 31, 2023
Business Acquisition [Line Items]
Goodwill		$ 62,206	$ 62,261
Cerner Corporation [Member]
Business Acquisition [Line Items]
Intangible assets	$ 12,000
Goodwill	18,600
Total preliminary purchase price	$ 28,200

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Aug. 31, 2023	May 31, 2023
Assets [Abstract]
Derivative financial instruments	$ 174	$ 102
Total assets	4,316	2,264
Liabilities [Abstract]
Derivative financial instruments	112	126
Money Market Funds [Member]
Assets [Abstract]
Investments and cash and cash equivalents	3,489	1,694
Time Deposits and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	653	468
Fair Value Measurements Using Input Types Level 1 [Member]
Assets [Abstract]
Derivative financial instruments	0	0
Total assets	3,649	1,874
Liabilities [Abstract]
Derivative financial instruments	0	0
Fair Value Measurements Using Input Types Level 1 [Member] \| Money Market Funds [Member]
Assets [Abstract]
Investments and cash and cash equivalents	3,489	1,694
Fair Value Measurements Using Input Types Level 1 [Member] \| Time Deposits and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	160	180
Fair Value Measurements Using Input Types Level 2 [Member]
Assets [Abstract]
Derivative financial instruments	174	102
Total assets	667	390
Liabilities [Abstract]
Derivative financial instruments	112	126
Fair Value Measurements Using Input Types Level 2 [Member] \| Money Market Funds [Member]
Assets [Abstract]
Investments and cash and cash equivalents	0	0
Fair Value Measurements Using Input Types Level 2 [Member] \| Time Deposits and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	$ 493	$ 288

FAIR VALUE MEASUREMENTS Narrati

FAIR VALUE MEASUREMENTS Narrative (Details) - Senior Notes and Other Long Term Borrowings [Member] - USD ($) $ in Billions	Aug. 31, 2023	May 31, 2023
Marketable security investments maturity information [Abstract]
Total debt, carrying value	$ 88.9	$ 89.9
Fair Value Measurements Using Input Types Level 2 [Member]
Marketable security investments maturity information [Abstract]
Total debt, fair value	$ 78.7	$ 79.9

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	3 Months Ended
INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	Aug. 31, 2023	Aug. 31, 2022	May 31, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	$ 20,026		$ 20,026
Additions & Adjustments, net	0
Accumulated Amortization,	(10,952)		(10,189)
Expense	(763)	$ (919)
Intangible Assets, Net	9,074		9,837
Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	4,300		4,300
Additions & Adjustments, net	0
Accumulated Amortization,	(2,575)		(2,407)
Expense	(168)
Intangible Assets, Net	1,725		1,893
Cloud services and license support agreements and related relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	9,456		9,456
Additions & Adjustments, net	0
Accumulated Amortization,	(5,848)		(5,579)
Expense	(269)
Intangible Assets, Net	3,608		3,877
Cloud license and on premise license agreements and related relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	2,688		2,688
Additions & Adjustments, net	0
Accumulated Amortization,	(813)		(697)
Expense	(116)
Intangible Assets, Net	1,875		1,991
Other [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	3,582		3,582
Additions & Adjustments, net	0
Accumulated Amortization,	(1,716)		(1,506)
Expense	(210)
Intangible Assets, Net	$ 1,866		$ 2,076

INTANGIBLE ASSETS AMORTIZATION

INTANGIBLE ASSETS AMORTIZATION (Details) - USD ($) $ in Millions	Aug. 31, 2023	May 31, 2023
Finite lived intangible assets future amortization expense [Abstract]
Remainder of fiscal 2024	$ 2,231
Fiscal 2025	2,283
Fiscal 2026	1,620
Fiscal 2027	664
Fiscal 2028	635
Fiscal 2029	561
Thereafter	1,080
Intangible Assets, Net	$ 9,074	$ 9,837

GOODWILL (Details)

GOODWILL (Details) $ in Millions	3 Months Ended
GOODWILL (Details) $ in Millions	Aug. 31, 2023 USD ($)
Goodwill [Line Items]
Balances at period start	$ 62,261
Goodwill adjustments, net	55	[1]
Balances at period end	62,206
Cloud and License [Member]
Goodwill [Line Items]
Balances at period start	57,060
Goodwill adjustments, net	13	[1]
Balances at period end	57,047
Hardware [Member]
Goodwill [Line Items]
Balances at period start	2,732
Goodwill adjustments, net	0	[1]
Balances at period end	2,732
Services [Member]
Goodwill [Line Items]
Balances at period start	2,469
Goodwill adjustments, net	42	[1]
Balances at period end	$ 2,427

[1] Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations and certain other adjustments.

RESTRUCTURING ACTIVITIES Narrat

RESTRUCTURING ACTIVITIES Narrative (Details) - USD ($) $ in Millions		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		$ 138	$ 144
Fiscal 2024 Oracle Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Total estimated restructuring costs	[1]	609
Restructuring expenses		153
Remaining expenses to incur		456
Fiscal 2024 Oracle Restructuring [Member] \| Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Total estimated restructuring costs		$ 609

[1] Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs.

RESTRUCTURING ACTIVITIES (Detai

RESTRUCTURING ACTIVITIES (Details) $ in Millions	3 Months Ended
RESTRUCTURING ACTIVITIES (Details) $ in Millions	Aug. 31, 2023 USD ($)	[2]
Restructuring Reserve Disclosures [Abstract]
Accrued at period start	$ 199	[1]
Initial Costs	153	[3]
Adjustments to Cost	(15)	[4]
Cash Payments	(107)
Accrued at period end	230	[1]
Fiscal 2024 Oracle Restructuring [Member]
Restructuring Reserve Disclosures [Abstract]
Accrued at period start	0	[1]
Initial Costs	153	[3]
Adjustments to Cost	0	[4]
Cash Payments	(59)
Accrued at period end	94	[1]
Total Costs Accrued to Date	153
Total Expected Program Costs	609
Fiscal 2024 Oracle Restructuring [Member] \| Other [Member]
Restructuring Reserve Disclosures [Abstract]
Accrued at period start	0	[1]
Initial Costs	48	[3]
Adjustments to Cost	0	[4]
Cash Payments	(22)
Accrued at period end	26	[1]
Total Costs Accrued to Date	48
Total Expected Program Costs	233
Fiscal 2024 Oracle Restructuring [Member] \| Cloud and License [Member] \| Operating Segments [Member]
Restructuring Reserve Disclosures [Abstract]
Accrued at period start	0	[1]
Initial Costs	79	[3]
Adjustments to Cost	0	[4]
Cash Payments	(23)
Accrued at period end	56	[1]
Total Costs Accrued to Date	79
Total Expected Program Costs	184
Fiscal 2024 Oracle Restructuring [Member] \| Hardware [Member] \| Operating Segments [Member]
Restructuring Reserve Disclosures [Abstract]
Accrued at period start	0	[1]
Initial Costs	2	[3]
Adjustments to Cost	0	[4]
Cash Payments	(1)
Accrued at period end	1	[1]
Total Costs Accrued to Date	2
Total Expected Program Costs	5
Fiscal 2024 Oracle Restructuring [Member] \| Services [Member] \| Operating Segments [Member]
Restructuring Reserve Disclosures [Abstract]
Accrued at period start	0	[1]
Initial Costs	24	[3]
Adjustments to Cost	0	[4]
Cash Payments	(13)
Accrued at period end	11	[1]
Total Costs Accrued to Date	24
Total Expected Program Costs	187
Other Restructuring Plans [Member]
Restructuring Reserve Disclosures [Abstract]
Accrued at period start	199	[1],[5]
Initial Costs	0	[3],[5]
Adjustments to Cost	(15)	[4],[5]
Cash Payments	(48)	[5]
Accrued at period end	$ 136	[1],[5]

[1] As of August 31, 2023 and May 31, 2023, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed consolidated balance sheets. Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs. Costs recorded for the respective restructuring plans during the period presented. All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments. Other restructuring plans presented in the tables above included condensed information for other Oracle based plans and other plans associated with certain of our acquisitions whereby we continued to make cash outlays to settle obligations under these plans during the periods presented but for which the periodic impact to our condensed consolidated statements of operations was not significant.

DEFERRED REVENUES (Details)

DEFERRED REVENUES (Details) - USD ($) $ in Millions	Aug. 31, 2023	May 31, 2023
Deferred Revenues [Line Items]
Deferred revenues, current	$ 11,120	$ 8,970
Deferred revenues, non-current (in other non-current liabilities)	1,146	968
Total deferred revenues	12,266	9,938
Cloud services and license support [Member] \| Cloud and License [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	9,911	7,983
Hardware [Member] \| Hardware [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	686	535
Services [Member] \| Services [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	469	400
Cloud license and on-premise license [Member] \| Cloud and License [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	$ 54	$ 52

STOCKHOLDERS' EQUITY (DEFICIT_2

STOCKHOLDERS' EQUITY (DEFICIT) Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
	Sep. 11, 2023	Aug. 31, 2023	Aug. 31, 2022
Stock Repurchases [Abstract]
Amount available for future repurchases		$ 8,000
Repurchases of common stock (in shares)		1.3	7.5
Repurchased amount		$ 150	$ 559
Stock-based compensation expense and valuations of stock awards [Abstract]
Restricted stock-based units granted (in shares)		2
Forfeitures and cancellations (in shares)		1
Subsequent Event [Member]
Dividends on Common Stock [Abstract]
Dividends declared per share of outstanding common stock (in dollars per share)	$ 0.40
Dividend payable date	Oct. 26, 2023
Dividend record date	Oct. 12, 2023

STOCKHOLDERS' EQUITY (DEFICIT_3

STOCKHOLDERS' EQUITY (DEFICIT) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	$ 849	$ 750
Cloud services and license support [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	111	91
Hardware [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	5	4
Services [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	34	25
Sales and marketing [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	135	124
Research and development [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	484	422
General and administrative [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	$ 80	$ 84

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Billions	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Billions	Aug. 31, 2023	Aug. 31, 2022	May 31, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	(1.90%)	6.50%
Deferred Tax Assets, Net [Abstract]
Net deferred tax assets	$ 7		$ 6.5

SEGMENT INFORMATION Narrative (

SEGMENT INFORMATION Narrative (Details)	3 Months Ended
SEGMENT INFORMATION Narrative (Details)	Aug. 31, 2023 Segment Business
Segment reporting information [Line Items]
Number of businesses \| Business	3
Cloud and License [Member]
Segment reporting information [Line Items]
Number of operating segments	1
Hardware [Member]
Segment reporting information [Line Items]
Number of operating segments	1
Services [Member]
Segment reporting information [Line Items]
Number of operating segments	1

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Millions		3 Months Ended
SEGMENT INFORMATION (Details) - USD ($) $ in Millions		Aug. 31, 2023	Aug. 31, 2022
Segment reporting information [Line Items]
Revenues		$ 12,453	$ 11,445
Cloud services and license support expenses	[1]	2,179	1,735
Sales and marketing expenses	[1]	2,026	2,177
Margin		3,296	2,623
Operating Segments [Member]
Segment reporting information [Line Items]
Revenues		12,453	11,445
Expenses		5,250	4,879
Margin	[2]	7,203	6,566
Operating Segments [Member] \| Cloud and License [Member]
Segment reporting information [Line Items]
Revenues		10,356	9,321
Cloud services and license support expenses		2,040	1,620
Sales and marketing expenses		1,784	1,930
Margin	[2]	6,532	5,771
Operating Segments [Member] \| Hardware [Member]
Segment reporting information [Line Items]
Revenues		714	763
Hardware products and support expenses		211	243
Sales and marketing expenses		70	79
Margin	[2]	433	441
Operating Segments [Member] \| Services [Member]
Segment reporting information [Line Items]
Revenues		1,383	1,361
Services expenses		1,145	1,007
Margin	[2]	$ 238	$ 354

[1] Exclusive of amortization of intangible assets, which is shown separately. The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of research and development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other non-operating expenses, net. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our condensed consolidated statements of operations.

SEGMENT INFORMATION RECONCILIAT

SEGMENT INFORMATION RECONCILIATION (Details) - USD ($) $ in Millions		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Reconciliation of Total Operating Segment Margin to Income Before Provision for Income Taxes [Abstract]
Total margin for operating segments		$ 3,296	$ 2,623
Research and development		(2,216)	(2,093)
General and administrative		(393)	(411)
Amortization of intangible assets		(763)	(919)
Acquisition related and other		(11)	(41)
Restructuring		(138)	(144)
Stock-based compensation for operating segments		(285)	(244)
Expense allocations and other, net		(101)	(91)
Interest expense		(872)	(787)
Non-operating expenses, net		(49)	(180)
Income before income taxes		2,375	1,656
Operating Segments [Member]
Reconciliation of Total Operating Segment Margin to Income Before Provision for Income Taxes [Abstract]
Total margin for operating segments	[1]	$ 7,203	$ 6,566

[1] The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of research and development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other non-operating expenses, net. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our condensed consolidated statements of operations.

SUMMARY OF TOTAL REVENUES BY GE

SUMMARY OF TOTAL REVENUES BY GEOGRAPHIC REGION (Details) - USD ($) $ in Millions		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenues		$ 12,453	$ 11,445
Americas [Member]
Disaggregation of Revenue [Line Items]
Total revenues		7,841	7,192
EMEA [Member]
Disaggregation of Revenue [Line Items]
Total revenues	[1]	3,005	2,691
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total revenues		$ 1,607	$ 1,562

[1] Comprised of Europe, the Middle East and Africa

SUMMARY OF CLOUD SERVICES AND L

SUMMARY OF CLOUD SERVICES AND LICENSE SUPPORT REVENUES BY ECOSYSTEMS (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 12,453	$ 11,445
Cloud Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,635	3,579
License Support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,912	4,838
Cloud services and license support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	9,547	8,417
Applications Cloud Services and License Support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,471	4,016
Infrastructure Cloud Services and License Support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 5,076	$ 4,401

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Earnings Per Share [Abstract]
Net Income (Loss)		$ 2,420	$ 1,548
Weighted average common shares outstanding		2,728	2,685
Dilutive effect of employee stock plans		95	62
Dilutive weighted average common shares outstanding		2,823	2,747
Basic earnings per share		$ 0.89	$ 0.58
Diluted earnings per share		$ 0.86	$ 0.56
Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation	[1]	27	71

[1] These weighted shares relate to anti-dilutive restricted service based stock-based awards as calculated using the treasury stock method and contingently issuable shares pursuant to performance stock option arrangements. Such shares could be dilutive in the future.

LEGAL PROCEEDINGS (Details)

LEGAL PROCEEDINGS (Details)	Aug. 10, 2018 USD ($)
Derivative Litigation Concerning Oracle Cloud Business
Loss Contingencies [Line Items]
Payment of legal settlements	$ 17,500,000