Oracle (ORCL) 10-Q11 Mar 222022 Q3 Quarterly reportFinancial data

Company Profile

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	9 Months Ended
DOCUMENT AND ENTITY INFORMATION - shares	Feb. 28, 2022	Mar. 07, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Feb. 28, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
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)		2,668,157,000
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	Feb. 28, 2022	May 31, 2021
Current assets:
Cash and cash equivalents	$ 22,682	$ 30,098
Marketable securities	707	16,456
Trade receivables, net of allowances for doubtful accounts of $367 and $373 as of February 28, 2022 and May 31, 2021, respectively	4,588	5,409
Prepaid expenses and other current assets	3,698	3,604
Total current assets	31,675	55,567
Non-current assets:
Property, plant and equipment, net	8,609	7,049
Intangible assets, net	1,688	2,430
Goodwill, net	43,833	43,935
Deferred tax assets	13,109	13,636
Other non-current assets	9,730	8,490
Total non-current assets	76,969	75,540
Total assets	108,644	131,107
Current liabilities:
Notes payable, current	6,248	8,250
Accounts payable	1,124	745
Accrued compensation and related benefits	1,626	2,017
Deferred revenues	7,871	8,775
Other current liabilities	3,964	4,377
Total current liabilities	20,833	24,164
Non-current liabilities:
Notes payable and other borrowings, non-current	72,165	75,995
Income taxes payable	12,168	12,345
Deferred tax liabilities	6,462	7,864
Other non-current liabilities	5,227	4,787
Total non-current liabilities	96,022	100,991
Commitments and contingencies	0	0
Oracle Corporation stockholders’ (deficit) equity:
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: 2,668 shares and 2,814 shares as of February 28, 2022 and May 31, 2021, respectively	26,129	26,533
Accumulated deficit	(33,147)	(20,120)
Accumulated other comprehensive loss	(1,678)	(1,175)
Total Oracle Corporation stockholders’ (deficit) equity	(8,696)	5,238
Noncontrolling interests	485	714
Total stockholders’ (deficit) equity	(8,211)	5,952
Total liabilities and stockholders’ (deficit) equity	$ 108,644	$ 131,107

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - USD ($) $ in Millions	Feb. 28, 2022	May 31, 2021
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 367	$ 373
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	2,668,000,000	2,814,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Revenues:
Cloud services and license support		$ 7,637	$ 7,252	$ 22,562	$ 21,311
Cloud license and on-premise license		1,289	1,276	3,339	3,254
Hardware		798	820	2,328	2,478
Services		789	737	2,371	2,209
Total revenues		10,513	10,085	30,600	29,252
Operating expenses:
Cloud services and license support	[1]	1,305	1,064	3,778	3,139
Hardware	[1]	244	230	718	719
Services		669	621	1,984	1,875
Sales and marketing	[1]	2,004	1,915	5,811	5,605
Research and development		1,816	1,621	5,254	4,812
General and administrative		335	330	953	949
Amortization of intangible assets		279	347	882	1,037
Acquisition related and other		20	13	4,707	107
Restructuring		19	66	89	337
Total operating expenses		6,691	6,207	24,176	18,580
Operating income		3,822	3,878	6,424	10,672
Interest expense		(667)	(585)	(2,051)	(1,799)
Non-operating expenses, net		(315)	(17)	(348)	(30)
Income before income taxes		2,840	3,276	4,025	8,843
(Provision for) benefit from income taxes		(521)	1,745	(497)	871
Net income		$ 2,319	$ 5,021	$ 3,528	$ 9,714
Earnings per share:
Basic		$ 0.87	$ 1.72	$ 1.30	$ 3.26
Diluted		$ 0.84	$ 1.68	$ 1.26	$ 3.19
Weighted average common shares outstanding:
Basic		2,670	2,913	2,711	2,977
Diluted		2,754	2,994	2,800	3,049

[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		9 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 2,319	$ 5,021	$ 3,528	$ 9,714
Other comprehensive (loss) income, net of tax:
Net foreign currency translation (losses) gains	(63)	132	(508)	504
Net unrealized gains on defined benefit plans	1	10	5	66
Net unrealized losses on marketable securities	0	(4)	0	(1)
Net unrealized losses on cash flow hedges	0	(7)	0	(8)
Total other comprehensive (loss) income, net	(62)	131	(503)	561
Comprehensive income	$ 2,257	$ 5,152	$ 3,025	$ 10,275

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' (DEFICIT) EQUITY - USD ($) $ in Millions	Total	Common Stock and Additional Paid in Capital	Accumulated Deficit	Other Stockholders' (Deficit) Equity, Net
Balance, beginning of period at May. 31, 2020		$ 26,486	$ (12,696)	$ (1,073)
Other comprehensive (loss) income, net	$ 561			561
Common stock issued		915
Stock-based compensation		1,395
Repurchases of common stock	(13,000)	(1,922)	(11,078)
Cash dividends declared			(2,146)
Net income			9,714
Other, net		(613)		94
Balance, end of period at Feb. 28, 2021	$ 9,637	26,261	(16,206)	(418)
Cash dividends declared per common share	$ 0.72
Balance, beginning of period at Nov. 30, 2020		26,298	(17,095)	(587)
Other comprehensive (loss) income, net	$ 131			131
Common stock issued		143
Stock-based compensation		479
Repurchases of common stock		(567)	(3,433)
Cash dividends declared			(699)
Net income			5,021
Other, net		(92)		38
Balance, end of period at Feb. 28, 2021	$ 9,637	26,261	(16,206)	(418)
Cash dividends declared per common share	$ 0.24
Balance, beginning of period at May. 31, 2021	$ 5,952	26,533	(20,120)	(461)
Other comprehensive (loss) income, net	(503)			(503)
Common stock issued		357
Stock-based compensation		1,900
Repurchases of common stock	(15,600)	(1,648)	(13,952)
Cash dividends declared			(2,603)
Net income			3,528
Other, net		(1,013)		(229)
Balance, end of period at Feb. 28, 2022	$ (8,211)	26,129	(33,147)	(1,193)
Cash dividends declared per common share	$ 0.96
Balance, beginning of period at Nov. 30, 2021		25,591	(34,076)	(1,173)
Other comprehensive (loss) income, net	$ (62)			(62)
Common stock issued		52
Stock-based compensation		674
Repurchases of common stock		(65)	(535)
Cash dividends declared			(855)
Net income			2,319
Other, net		(123)		42
Balance, end of period at Feb. 28, 2022	$ (8,211)	$ 26,129	$ (33,147)	$ (1,193)
Cash dividends declared per common share	$ 0.32

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Cash flows from operating activities:
Net income	$ 3,528	$ 9,714
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,409	1,127
Amortization of intangible assets	882	1,037
Deferred income taxes	(983)	(2,475)
Stock-based compensation	1,900	1,395
Other, net	82	227
Changes in operating assets and liabilities, net of effects from acquisitions:
Decrease in trade receivables, net	652	1,089
Decrease in prepaid expenses and other assets	71	609
Decrease in accounts payable and other liabilities	(683)	(247)
Decrease in income taxes payable	(661)	(1,181)
Decrease in deferred revenues	(643)	(250)
Net cash provided by operating activities	5,554	11,045
Cash flows from investing activities:
Purchases of marketable securities and other investments	(10,134)	(26,775)
Proceeds from sales and maturities of marketable securities and other investments	25,735	19,035
Acquisitions, net of cash acquired	(132)	(29)
Capital expenditures	(3,088)	(1,418)
Net cash provided by (used for) investing activities	12,381	(9,187)
Cash flows from financing activities:
Payments for repurchases of common stock	(15,654)	(12,958)
Proceeds from issuances of common stock	357	915
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards	(1,011)	(597)
Payments of dividends to stockholders	(2,603)	(2,146)
Repayments of borrowings	(5,750)	(2,631)
Other, net	(439)	241
Net cash used for financing activities	(25,100)	(17,176)
Effect of exchange rate changes on cash and cash equivalents	(251)	400
Net decrease in cash and cash equivalents	(7,416)	(14,918)
Cash and cash equivalents at beginning of period	30,098	37,239
Cash and cash equivalents at end of period	22,682	22,321
Non-cash financing activities:
Change in unsettled repurchases of common stock	$ (54)	$ 42

BASIS OF PRESENTATION, RECENT A

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER	9 Months Ended
	Feb. 28, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER	1. BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS 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 (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, 2021. 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 our fiscal year ending May 31, 2022. The comparability of our condensed consolidated financial statements as of and for the nine months ended February 28, 2022 was impacted by $4.7 billion of certain litigation related charges that are more fully described in Note 11 below. The comparability of our condensed consolidated financial statements for the three and nine months ended February 28, 2021 was impacted by a $2.3 billion net income tax benefit related to the partial realignment of our legal entity structure that resulted in the intra-group transfer of certain intellectual property rights (refer to Notes 1 and 14 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended May 31, 2021 for additional information). During the first nine months of fiscal 2022, we adopted Accounting Standards Update (ASU) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes; and Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers 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 February 28, 2022 and May 31, 2021 and our condensed consolidated statements of cash flows for the nine months ended February 28, 2022 and 2021 was nominal. Remaining Performance Obligations from Contracts with Customers Trade receivables, net of allowance for doubtful accounts, and deferred revenues are reported net of related uncollected deferred revenues in our condensed consolidated balance sheets as of February 28, 2022 and May 31, 2021. The revenues recognized during the nine months ended February 28, 2022 and 2021, respectively, that were included in the opening deferred revenues balances as of May 31, 2021 and 2020, respectively, were approximately $8.1 billion and $7.4 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 and nine months ended February 28, 2022 and 2021, respectively. 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, 2021, were $38.5 billion as of February 28, 2022 , approximat ely 59 % of which we expect to recognize as revenues over the next twelve months , 30 % over the subsequent month 13 to month 36 , an d 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 $352 million and $1.4 billion for the three and nine months ended February 28, 2022, respectively, and $338 million and $1.3 billion for the three and nine months ended February 28, 2021, respectively. Non-Marketable Investments Our non-marketable debt investments and equity securities and related instruments totaled $1.3 billion and $971 million as of February 28, 2022 and May 31, 2021, respectively, and are included either in other current assets or in other non-current assets in the accompanying consolidated balance sheets and are subject to periodic impairment reviews. Certain of these instruments are adjusted for observable price changes from orderly transactions. The substantial majority of the non-marketable debt investments and equity securities and related instruments 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 December 2023 and we could obtain control of that entity should such options be exercised. Acquisition Related and Other Expenses Acquisition related and other expenses 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. For the nine months ended February 28, 2022, acquisition related and other expenses included certain litigation related charges that we generally do not expect to recur as further described in Note 11 below. Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Transitional and other employee related costs $ 2 $ 1 $ 6 $ 4 Business combination adjustments, net 5 2 8 3 Other, net 13 10 4,693 100 Total acquisition related and other expenses $ 20 $ 13 $ 4,707 $ 107 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) and net other income and expenses, including net realized gains and losses related to all of our investments, net unrealized gains and losses related to the small portion of our investment portfolio related to our deferred compensation plan, net unrealized gains and losses related to equity securities, losses attributable to equity method investments, and non-service net periodic pension income and losses. Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Interest income $ 16 $ 23 $ 56 $ 80 Foreign currency losses, net (29 ) (18 ) (109 ) (84 ) Noncontrolling interests in income (42 ) (46 ) (131 ) (127 ) Other, net (260 ) 24 (164 ) 101 Total non-operating expenses, net $ (315 ) $ (17 ) $ (348 ) $ (30 ) Recent Accounting Pronouncements Financial Instruments In March 2020, the Financial Accounting Standards Board (FASB) issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and also issued subsequent amendments to the initial guidance (collectively, Topic 848). Topic 848 provides optional guidance for contract modifications and certain hedging relationships associated with the transition from reference rates that are expected to be discontinued. We will adopt Topic 848 when our relevant contracts are modified upon transition to alternative reference rates and expect this to occur through December 31, 2022. We do not expect our adoption of Topic 848 to have a material impact on our consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
ACQUISITIONS	Feb. 28, 2022
Business Combinations [Abstract]
ACQUISITIONS	2. ACQUISITIONS Proposed Acquisition of Cerner Corporation On December 20, 2021, we entered into an Agreement and Plan of Merger (Merger Agreement) with 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. On January 19, 2022, pursuant to the Merger Agreement, we commenced a tender offer to purchase all of the issued and outstanding shares of common stock of Cerner at a purchase price of $95.00 per share, net to the seller in cash, without interest thereon, based upon the terms and subject to the conditions set forth in the Offer to Purchase (Offer) dated January 19, 2022, and the related Letter of Transmittal. The tender offer period is scheduled to expire on March 16, 2022; however, the parties anticipate extending the tender offer period to allow additional time for the satisfaction of the remaining conditions to the tender offer. The consummation of the Offer is subject to the valid tender of a majority of the aggregate number of issued and outstanding Cerner shares. On February 23, 2022, the waiting period expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, but the consummation of the Offer remains conditioned on: (i) receipt of certain regulatory approvals and, if applicable, approval under certain other foreign antitrust laws; and (ii) other customary conditions. After the consummation of the Offer and the satisfaction of certain conditions, a wholly-owned subsidiary of Oracle will merge with and into Cerner. In addition, the unvested equity awards to acquire Cerner common stock that were outstanding immediately prior to the consummation of the merger will generally be assumed by Oracle and converted into equity awards denominated in shares of Oracle common stock based on formulas contained in the Merger Agreement. Vested equity awards outstanding immediately prior to the consummation of the merger generally will be cancelled in exchange for the right to receive an amount in cash based on a formula contained in the Merger Agreement . The preliminary estimated total purchase price for Cerner is approximately $ 28.5 billion. Other Fiscal 2022 and 2021 Acquisitions During the first nine months of fiscal 2022 and full year fiscal 2021, 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 condensed consolidated financial statements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Feb. 28, 2022
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 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): February 28, 2022 May 31, 2021 Fair Value Measurements Using Input Types Fair Value Measurements Using Input Types (in millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Money market funds $ 12,877 $ — $ 12,877 $ 12,263 $ — $ 12,263 Corporate debt securities and other 275 440 715 1,250 8,220 9,470 Commercial paper debt securities — — — — 11,712 11,712 Derivative financial instruments — — — — 73 73 Total assets $ 13,152 $ 440 $ 13,592 $ 13,513 $ 20,005 $ 33,518 Liabilities: Derivative financial instruments $ — $ 33 $ 33 $ — $ — $ — We classify our marketable debt securities as available-for-sale securities at the time of purchase and reevaluate such classification as of each balance sheet date. Our marketable securities investments consist of money market funds, Tier 1 commercial paper debt securities, corporate debt 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. As of February 28, 2022 and May 31, 2021, substantially 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 $78.4 billion and $84.2 billion of senior notes and the related fair value hedges that we had outstanding as of February 28, 2022 and May 31, 2021, respectively, the estimated fair values of the senior notes and the related fair value hedges using Level 2 inputs at February 28, 2022 and May 31, 2021 were $76.6 billion and $89.6 billion, respectively.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	9 Months Ended
INTANGIBLE ASSETS AND GOODWILL	Feb. 28, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	4. INTANGIBLE ASSETS AND GOODWILL The changes in intangible assets for fiscal 2022 and the net book value of intangible assets as of February 28, 2022 and May 31, 2021 were as follows: Intangible Assets, Gross Accumulated Amortization Intangible Assets, Net Weighted Average Useful Life (2) (Dollars in millions) May 31, 2021 Additions & Adjustments, net (1) February 28, 2022 May 31, 2021 Expense February 28, 2022 May 31, 2021 February 28, 2022 Developed technology $ 4,237 $ 145 $ 4,382 $ (3,621 ) $ (364 ) $ (3,985 ) $ 616 $ 397 3 Cloud services and license support agreements and related relationships 5,497 (5 ) 5,492 (3,834 ) (455 ) (4,289 ) 1,663 1,203 N.A. Other 1,269 — 1,269 (1,118 ) (63 ) (1,181 ) 151 88 N.A. Total intangible assets, net $ 11,003 $ 140 $ 11,143 $ (8,573 ) $ (882 ) $ (9,455 ) $ 2,430 $ 1,688 (1) (2) As of February 28, 2022, estimated future amortization expenses related to intangible assets were as follows (in millions): Remainder of fiscal 2022 $ 267 Fiscal 2023 744 Fiscal 2024 501 Fiscal 2025 142 Fiscal 2026 24 Fiscal 2027 6 Thereafter 4 Total intangible assets, net $ 1,688 The changes in the carrying amounts of goodwill, net, which is generally not deductible for tax purposes, for our operating segments for the nine months ended February 28, 2022 were as follows: (in millions) Cloud and License Hardware Services Total Goodwill, net Balances as of May 31, 2021 $ 39,786 $ 2,367 $ 1,782 $ 43,935 Goodwill adjustments, net (1) 165 — (267 ) (102 ) Balances as of February 28, 2022 $ 39,951 $ 2,367 $ 1,515 $ 43,833 (1) Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations and the realignment of an operating segment component.

RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES	9 Months Ended
RESTRUCTURING ACTIVITIES	Feb. 28, 2022
Restructuring And Related Activities [Abstract]
RESTRUCTURING ACTIVITIES	5. RESTRUCTURING ACTIVITIES Fiscal 2022 Oracle Restructuring Plan During fiscal 2022, 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 (2022 Restructuring Plan). The total estimated restructuring costs associated with the 2022 Restructuring Plan are up to $353 million and will be recorded to the restructuring expense line item within our condensed consolidated statements of operations as they are incurred. We recorded $117 million of restructuring expenses in connection with the 2022 Restructuring Plan in the first nine months of fiscal 2022 and we expect to incur the majority of the estimated remaining $236 million through the end of fiscal 2023. Any changes to the estimates or timing of executing the 2022 Restructuring Plan will be reflected in our future results of operations. Summary of All Plans Accrued May 31, 2021 (2) Nine Months Ended February 28, 2022 Accrued February 28, 2022 (2) Total Costs Accrued to Date Total Expected Program Costs (in millions) Initial Costs (3) Adj. to Cost (4) Cash Payments Others (5) 2022 Restructuring Plan (1) Cloud and license $ — $ 69 $ (1 ) $ (37 ) $ (1 ) $ 30 $ 68 $ 247 Hardware — 7 1 (4 ) — 4 8 26 Services — 11 — (5 ) — 6 11 37 Other (6) — 31 (1 ) (19 ) 1 12 30 43 Total 2022 Restructuring Plan $ — $ 118 $ (1 ) $ (65 ) $ — $ 52 $ 117 $ 353 Total other restructuring plans (7) $ 225 $ — $ (28 ) $ (94 ) $ (11 ) $ 92 Total restructuring plans $ 225 $ 118 $ (29 ) $ (159 ) $ (11 ) $ 144 (1) Restructuring costs recorded for individual line items primarily related to employee severance costs. (2) As of February 28, 2022 and May 31, 2021, 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 current 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 ) Represents foreign currency translation and certain other adjustments. ( 6 ) Represents employee related severance costs for functions that are not included within our operating segments and certain other restructuring costs. ( 7 ) Other restructuring plans presented in the table 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 period presented but for which the periodic impact to our condensed consolidated statements of operations was not significant.

DEFERRED REVENUES

DEFERRED REVENUES	9 Months Ended
DEFERRED REVENUES	Feb. 28, 2022
Deferred Revenue Disclosure [Abstract]
DEFERRED REVENUES	6. DEFERRED REVENUES Deferred revenues consisted of the following: (in millions) February 28, 2022 May 31, 2021 Cloud services and license support $ 6,911 $ 7,728 Hardware 505 618 Services 398 399 Cloud license and on-premise license 57 30 Deferred revenues, current 7,871 8,775 Deferred revenues, non-current (in other non-current liabilities) 743 679 Total deferred revenues $ 8,614 $ 9,454 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' (DEFICIT) EQUITY

STOCKHOLDERS' (DEFICIT) EQUITY	9 Months Ended
STOCKHOLDERS' (DEFICIT) EQUITY	Feb. 28, 2022
Stockholders Equity Note [Abstract]
STOCKHOLDERS' (DEFICIT) EQUITY	7 . STOCKHOLDERS’ (DEFICIT) EQUITY Common Stock Repurchases Our Board of Directors has approved a program for us to repurchase shares of our common stock. On December 9, 2021, we announced that our Board of Directors approved an expansion of our stock repurchase program by an additional $10.0 billion. As of February 28, 2022, approximately $10.0 billion remained available for stock repurchases pursuant to our stock repurchase program. We repurchased 177.9 million shares for $15.6 billion during the nine months ended February 28, 2022 (including 0.2 million shares for $13 million that were repurchased but not settled) and 222.2 million shares for $13.0 billion during the nine months ended February 28, 2021 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 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time. Dividend s on Common Stock In March 2022, our Board of Directors declared a quarterly cash dividend of $0.32 per share of our outstanding common stock. The dividend is payable on April 21, 2022 to stockholders of record as of the close of business on April 8, 2022. 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 2022 Stock‑Based Awards Activity and Compensation Expense During the first nine months of fiscal 2022, we issued 58 million restricted stock-based units (RSUs), the significant majority of which were issued as a part of our annual stock-based award process and are subject to service-based vesting restrictions. These fiscal 2022 stock-based award issuances were partially offset by stock-based award forfeitures and cancellations of 7 million shares during the first nine months of fiscal 2022. The RSUs that were granted during the nine months ended February 28, 2022 have similar vesting restrictions and contractual lives and were valued using methodologies of a similar nature as those described in Note 13 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2021. Further, during the first nine months of fiscal 2022, the Compensation Committee of our Board of Directors approved an amendment to the terms of the performance-based stock options (PSOs) granted on July 20, 2017 to our Chief Executive Officer and Chief Technology Officer. The amendment extends the term of the performance period for each of the six tranches of the PSOs that require the attainment of both a performance metric and a market capitalization metric by three additional fiscal years from May 31, 2022 to May 31, 2025. A seventh PSO tranche that was based upon a market-based metric was achieved and accordingly the tranche vested in the first nine months of fiscal 2022 without any amendment. If any of the remaining operational and market capitalization performance goals are achieved before May 31, 2025 additional tranches may vest. Upon amendment, we estimated the revised fair values of the six unvested tranches of the PSOs using a Monte Carlo simulation approach. We are recognizing incremental stock-based compensation expense related to these amended awards for any of the remaining unvested tranches that are probable of achievement over the longer of the (a) estimated implicit service period for performance-metric achievement, or (b) derived service period for market-based metric achievement. We have preliminarily estimated service periods for those tranches that have been deemed probable of achievement as of the amendment date to be approximately three to four years. Stock-based compensation expense is included in the following operating expense line items in our condensed consolidated statements of operations: Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Cloud services and license support $ 55 $ 33 $ 145 $ 99 Hardware 4 2 11 8 Services 17 15 49 41 Sales and marketing 113 82 328 233 Research and development 421 307 1,188 897 General and administrative 64 40 179 117 Total stock-based compensation $ 674 $ 479 $ 1,900 $ 1,395

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Feb. 28, 2022
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 and losses earned in various tax jurisdictions that apply a broad range of income tax rates. Our (provision for) benefit from income taxes varied from that 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. In addition, for the three and nine months ended February 28, 2021, our benefit from income taxes varied from the tax computed at the U.S. federal statutory income tax rate primarily due to a total net deferred tax benefit of $2.3 billion as a result of a partial realignment of our legal entity structure that resulted in the intra-group transfer of certain intellectual property rights (refer to Notes 1 and 14 in Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended May 31, 2021 for additional information). Our effective tax rates were 18.4% and 12.3% for the three and nine months ended February 28, 2022, respectively, and our effective tax benefit rates were (53.3%) and (9.8%) for the three and nine months ended February 28, 2021, respectively. In November 2021, the U.S. House of Representatives passed the “Build Back Better Act” budget reconciliation bill (the Bill). To date, the Bill has failed to advance in the Senate. If the Bill as currently drafted (or a modified version containing similar revenue provisions) were enacted, it would substantially increase U.S. taxes on corporations, including, among other changes, raising the level of U.S. tax on profits earned outside the U.S. and further restricting the deductibility of interest expense. Such changes, if enacted, likely would have a material adverse impact on our future tax liabilities and consolidated financial results. Our net deferred tax assets were $6.6 billion and $5.8 billion as of February 28, 2022 and May 31, 2021, 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 2020. Our U.S. federal income tax returns have been examined for all years prior to fiscal 2010 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 returns affecting our unrecognized tax benefits. 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, 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	9 Months Ended
SEGMENT INFORMATION	Feb. 28, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	9 . SEGMENT INFORMATION ASC 280, Segment Reporting We have three businesses—cloud and license, hardware and services—each of which is comprised of a single 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 February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Cloud and license: Revenues (1) $ 8,926 $ 8,529 $ 25,901 $ 24,567 Cloud services and license support expenses 1,231 1,011 3,568 2,977 Sales and marketing expenses 1,760 1,694 5,083 4,947 Margin (2) $ 5,935 $ 5,824 $ 17,250 $ 16,643 Hardware: Revenues $ 798 $ 820 $ 2,328 $ 2,478 Hardware products and support expenses 237 223 696 698 Sales and marketing expenses 88 95 265 287 Margin (2) $ 473 $ 502 $ 1,367 $ 1,493 Services: Revenues $ 789 $ 737 $ 2,371 $ 2,209 Services expenses 633 587 1,873 1,767 Margin (2) $ 156 $ 150 $ 498 $ 442 Totals: Revenues (1) $ 10,513 $ 10,086 $ 30,600 $ 29,254 Expenses 3,949 3,610 11,485 10,676 Margin (2) $ 6,564 $ 6,476 $ 19,115 $ 18,578 (1) Cloud and license revenues and total revenues presented for management reporting for the fiscal 2021 periods presented included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our condensed consolidated statements of operations due to business combination accounting rules that were applicable to acquisitions closed prior to fiscal 2022. The table below provides a reconciliation of our total operating segment revenues to our total revenues as reported in our condensed consolidated statements of operations for all periods presented. (2) 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. The following table reconciles total operating segment revenues to total revenues as well as total operating segment margin to income before income taxes : Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Total revenues for operating segments $ 10,513 $ 10,086 $ 30,600 $ 29,254 Cloud and license revenues (1) — (1 ) — (2 ) Total revenues $ 10,513 $ 10,085 $ 30,600 $ 29,252 Total margin for operating segments $ 6,564 $ 6,476 $ 19,115 $ 18,578 Cloud and license revenues (1) — (1 ) — (2 ) Research and development (1,816 ) (1,621 ) (5,254 ) (4,812 ) General and administrative (335 ) (330 ) (953 ) (949 ) Amortization of intangible assets (279 ) (347 ) (882 ) (1,037 ) Acquisition related and other (20 ) (13 ) (4,707 ) (107 ) Restructuring (19 ) (66 ) (89 ) (337 ) Stock-based compensation for operating segments (189 ) (132 ) (533 ) (381 ) Expense allocations and other, net (84 ) (88 ) (273 ) (281 ) Interest expense (667 ) (585 ) (2,051 ) (1,799 ) Non-operating expenses, net (315 ) (17 ) (348 ) (30 ) Income before income taxes $ 2,840 $ 3,276 $ 4,025 $ 8,843 (1) Cloud and license revenues presented for management reporting for the fiscal 2021 periods presented included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our condensed consolidated statements of operations due to business combination accounting rules that were applicable to acquisitions closed prior to fiscal 2022. This table includes a reconciliation of our total operating segment revenues to our total revenues as reported in our condensed consolidated statements of operations for all periods presented. 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 total of which is reconciled to revenues from our reportable segments as per the preceding tables of this footnote. The following table is a summary of our total revenues by geographic region. Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Americas $ 5,849 $ 5,424 $ 16,905 $ 15,751 EMEA (1) 3,014 2,981 8,751 8,571 Asia Pacific 1,650 1,680 4,944 4,930 Total revenues $ 10,513 $ 10,085 $ 30,600 $ 29,252 (1) Comprised of Europe, the Middle East and Africa The following table presents our cloud services and license support revenues by applications and infrastructure ecosystems. Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Applications cloud services and license support $ 3,187 $ 2,952 $ 9,377 $ 8,669 Infrastructure cloud services and license support 4,450 4,300 13,185 12,642 Total cloud services and license support revenues $ 7,637 $ 7,252 $ 22,562 $ 21,311

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
EARNINGS PER SHARE	Feb. 28, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	1 0 . 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 February 28, Nine Months Ended February 28, (in millions, except per share data) 2022 2021 2022 2021 Net income $ 2,319 $ 5,021 $ 3,528 $ 9,714 Weighted average common shares outstanding 2,670 2,913 2,711 2,977 Dilutive effect of employee stock plans 84 81 89 72 Dilutive weighted average common shares outstanding 2,754 2,994 2,800 3,049 Basic earnings per share $ 0.87 $ 1.72 $ 1.30 $ 3.26 Diluted earnings per share $ 0.84 $ 1.68 $ 1.26 $ 3.19 Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation (1) 33 36 32 36 (1) Substantially all of these weighted shares related to contingently issuable shares pursuant to PSO arrangements that could be dilutive in the future.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
LEGAL PROCEEDINGS	Feb. 28, 2022
Legal Proceedings [Abstract]
LEGAL PROCEEDINGS	1 1 . LEGAL PROCEEDINGS Hewlett-Packard Company Litigation On June 15, 2011, Hewlett-Packard Company, now Hewlett Packard Enterprise Company (HP), filed a complaint in the California Superior Court, County of Santa Clara against Oracle Corporation alleging numerous causes of action including breach of contract, breach of the covenant of good faith and fair dealing, defamation, intentional interference with prospective economic advantage and violation of the California Unfair Business Practices Act. The complaint alleged that when Oracle announced on March 22 and 23, 2011 that it would no longer develop future versions of its software to run on HP’s Itanium-based servers, it breached a settlement agreement signed on September 20, 2010 (the HP Settlement Agreement), resolving litigation between HP and one of Oracle’s former CEOs who had previously acted as HP’s chief executive officer and chairman of HP’s board of directors. HP sought a judicial declaration of the parties’ rights and obligations under the HP Settlement Agreement and other equitable and monetary relief. Oracle answered the complaint and filed cross-claims. After a bench trial on the meaning of the HP Settlement Agreement, the court found that the HP Settlement Agreement required Oracle to continue to develop certain of its software products for use on HP’s Itanium-based servers at no cost to HP. The case proceeded to a jury trial in May 2016. On June 30, 2016, the jury returned a verdict in favor of HP on its claims for breach of contract and breach of the implied covenant of good faith and fair dealing and against Oracle on its cross-claims. The jury awarded HP $3.0 billion in damages. Under the court’s rulings, HP is entitled to post-judgment interest, but not pre-judgment interest, on this award. After the trial court denied Oracle’s motion for a new trial, Oracle filed a notice of appeal on January 17, 2017. On February 2, 2017, HP filed a notice of appeal of the trial court’s denial of pre-judgment interest. Oral argument was held on May 27, 2021. On June 14, 2021, the Court of Appeal affirmed both the judgment against Oracle noted above, and the denial of pre-judgment interest. On June 29, 2021, Oracle filed a Petition for Rehearing with the Court of Appeal, which was denied on July 8, 2021. On July 26, 2021, Oracle filed a Petition for Review with the California Supreme Court, which was denied on September 29, 2021. During the nine months ended February 28, 2022, Oracle remitted the entirety of the $3.0 billion judgment and related $1.7 billion of accrued post-judgment interest and awarded costs and recorded such amounts as acquisition related and other expenses as presented per our condensed consolidated statements of operations. We continue to believe that errors were made in the proceedings. On January 27, 2022, Oracle filed a Petition for a Writ of Certiorari with the U.S. Supreme Court to challenge the judgment amount awarded to HP. Litigation is inherently unpredictable, and the outcome of any actions we pursue related to this action is uncertain. 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. (NetSuite) 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 (the 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, and a hearing on this motion was held on February 16, 2021. 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. Expert discovery has concluded. On December 23, 2021, the Board-member defendant brought a motion for summary judgment. A hearing on this motion is scheduled for March 11, 2022. Trial is scheduled to commence on July 18, 2022. 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. Securities Class Action and Derivative Litigation Concerning Oracle’s Cloud Business On August 10, 2018, a putative class action, brought by an alleged stockholder of Oracle, was filed in the U.S. District Court for the Northern District of California against us, our Chief Technology Officer, our then-two Chief Executive Officers, two other Oracle executives, and one former Oracle executive. As noted above, Mr. Hurd, one of our then-two Chief Executive Officers, passed away on October 18, 2019. On March 8, 2019, plaintiff filed an amended complaint. Plaintiff alleges that the defendants made or are responsible for false and misleading statements regarding Oracle’s cloud business. Plaintiff further alleges that the former Oracle executive engaged in insider trading. Plaintiff seeks a ruling that this case may proceed as a class action, and seeks damages, attorneys’ fees and costs, and unspecified declaratory/injunctive relief. On April 19, 2019, defendants moved to dismiss plaintiff’s amended complaint. On December 17, 2019, the court granted this motion, giving plaintiffs an opportunity to file an amended complaint, which plaintiff filed on February 17, 2020. On April 23, 2020, defendants filed a motion to dismiss, and the court held a hearing on this motion on September 24, 2020. On March 22, 2021, the court granted in part and denied in part this motion. The court dismissed the action as to one Oracle executive and the former Oracle executive. The court permitted plaintiff to proceed with only a narrow omissions theory against the remaining defendants. On April 21, 2021, defendants filed an answer to the complaint. The parties are currently conducting discovery. On October 8, 2021, plaintiffs filed a motion for class certification, which is scheduled for hearing on March 24, 2022. The parties participated in a court-ordered mediation on February 18, 2022, which did not resolve this case. Trial is scheduled to commence on November 6, 2023. We believe that we have meritorious defenses against this action, and we will continue to vigorously defend it. On February 12 and May 8, 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 the 10b-5 class action described immediately above. The parties agreed to stay the derivative case pending resolution of defendants’ motion to dismiss the securities case, which the court granted in part and denied in part on March 22, 2021 . Plaintiff 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 class action discussed above caused harm to Oracle, and 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. Plaintiffs seek a ruling that this case may proceed as a derivative action, a finding that defendants are liable for breaching their fiduciary duties, damages, 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. 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. 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Feb. 28, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	1 2 . SUBSEQUENT EVENTS On March 8, 2022, Oracle entered into the following two credit agreements: • a $6.0 billion, five-year five-year • a $15.7 billion delayed draw term loan credit agreement (the Bridge Credit Agreement), which provides for an unsecured $15.7 billion, 364-day term loan commitment (the Bridge Facility) to Oracle, subject to the satisfaction of certain customary conditions. The Bridge Credit Agreement provides that, subject to certain exceptions, net cash proceeds received by Oracle from certain debt and equity issuances shall result in mandatory prepayments or commitment reductions under the Bridge Credit Agreement. The proceeds of borrowings under the Bridge Facility may be used to finance the acquisition of Cerner, Oracle’s refinancing of indebtedness in connection with such acquisition and to pay related fees and expenses. All amounts borrowed under the Bridge Credit Agreement will become due on March 7, 2023 , unless the commitments are terminated earlier either at the request of Oracle , or by the lenders if a payment event of default occurs. Interest is based on either (a) a Term SOFR-based formula plus a margin of 100.0 basis points to 137.5 basis points, depending on the credit rating assigned to Oracle’s long-term senior unsecured debt, or (b) a Base Rate formula plus a margin of 0.0 basis point to 37.5 basis points, depending on the same such credit rating, each as set forth in the Bridge Credit Agreement . Each of the abovementioned credit agreements contains certain customary representations and warranties, covenants and events of default, including the requirement that the ratio of “Consolidated EBITDA” to “Consolidated Net Interest Expense” (each term as defined in the respective credit agreements) of Oracle and its subsidiaries shall not be less than 3.0 to 1.0 at the end of any fiscal quarter during the period that the credit agreement is effective. If an event of default occurs under one of the credit agreements and is not cured within applicable grace periods or waived, any unpaid amounts under the applicable credit agreement may be declared immediately due and payable and the commitments under that agreement may be terminated . At this time, Oracle has not borrowed any funds under either of the credit agreements . The description above is a summary and is qualified in its entirety by reference to the full text of the Revolving Credit Agreement and Bridge Credit Agreement, which are filed as Exhibit 10.16 and 10.17, respectively, to this Quarterly Report on Form 10-Q.

BASIS OF PRESENTATION, RECENT_2

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER (Policies)	9 Months Ended
	Feb. 28, 2022
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 (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, 2021. 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 our fiscal year ending May 31, 2022. The comparability of our condensed consolidated financial statements as of and for the nine months ended February 28, 2022 was impacted by $4.7 billion of certain litigation related charges that are more fully described in Note 11 below. The comparability of our condensed consolidated financial statements for the three and nine months ended February 28, 2021 was impacted by a $2.3 billion net income tax benefit related to the partial realignment of our legal entity structure that resulted in the intra-group transfer of certain intellectual property rights (refer to Notes 1 and 14 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended May 31, 2021 for additional information). During the first nine months of fiscal 2022, we adopted Accounting Standards Update (ASU) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes; and Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers
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 February 28, 2022 and May 31, 2021 and our condensed consolidated statements of cash flows for the nine months ended February 28, 2022 and 2021 was nominal.
Remaining Performance Obligations from Contracts with Customers	Remaining Performance Obligations from Contracts with Customers Trade receivables, net of allowance for doubtful accounts, and deferred revenues are reported net of related uncollected deferred revenues in our condensed consolidated balance sheets as of February 28, 2022 and May 31, 2021. The revenues recognized during the nine months ended February 28, 2022 and 2021, respectively, that were included in the opening deferred revenues balances as of May 31, 2021 and 2020, respectively, were approximately $8.1 billion and $7.4 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 and nine months ended February 28, 2022 and 2021, respectively. 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, 2021, were $38.5 billion as of February 28, 2022 , approximat ely 59 % of which we expect to recognize as revenues over the next twelve months , 30 % over the subsequent month 13 to month 36 , an d 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 $352 million and $1.4 billion for the three and nine months ended February 28, 2022, respectively, and $338 million and $1.3 billion for the three and nine months ended February 28, 2021, respectively.
Non-Marketable Investments	Non-Marketable Investments Our non-marketable debt investments and equity securities and related instruments totaled $1.3 billion and $971 million as of February 28, 2022 and May 31, 2021, respectively, and are included either in other current assets or in other non-current assets in the accompanying consolidated balance sheets and are subject to periodic impairment reviews. Certain of these instruments are adjusted for observable price changes from orderly transactions. The substantial majority of the non-marketable debt investments and equity securities and related instruments 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 December 2023 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 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. For the nine months ended February 28, 2022, acquisition related and other expenses included certain litigation related charges that we generally do not expect to recur as further described in Note 11 below. Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Transitional and other employee related costs $ 2 $ 1 $ 6 $ 4 Business combination adjustments, net 5 2 8 3 Other, net 13 10 4,693 100 Total acquisition related and other expenses $ 20 $ 13 $ 4,707 $ 107
Non-Operating Expenses, 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) and net other income and expenses, including net realized gains and losses related to all of our investments, net unrealized gains and losses related to the small portion of our investment portfolio related to our deferred compensation plan, net unrealized gains and losses related to equity securities, losses attributable to equity method investments, and non-service net periodic pension income and losses. Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Interest income $ 16 $ 23 $ 56 $ 80 Foreign currency losses, net (29 ) (18 ) (109 ) (84 ) Noncontrolling interests in income (42 ) (46 ) (131 ) (127 ) Other, net (260 ) 24 (164 ) 101 Total non-operating expenses, net $ (315 ) $ (17 ) $ (348 ) $ (30 )
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Instruments In March 2020, the Financial Accounting Standards Board (FASB) issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and also issued subsequent amendments to the initial guidance (collectively, Topic 848). Topic 848 provides optional guidance for contract modifications and certain hedging relationships associated with the transition from reference rates that are expected to be discontinued. We will adopt Topic 848 when our relevant contracts are modified upon transition to alternative reference rates and expect this to occur through December 31, 2022. We do not expect our adoption of Topic 848 to have a material impact on our consolidated financial statements.
Fair Value Measurements	We perform fair value measurements in accordance with FASB Accounting Standards Codification (ASC) 820, Fair Value Measurement 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

BASIS OF PRESENTATION, RECENT_3

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER (Tables)	9 Months Ended
	Feb. 28, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Acquisition Related and Other Expenses	Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Transitional and other employee related costs $ 2 $ 1 $ 6 $ 4 Business combination adjustments, net 5 2 8 3 Other, net 13 10 4,693 100 Total acquisition related and other expenses $ 20 $ 13 $ 4,707 $ 107
Non-Operating Expenses, net	Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Interest income $ 16 $ 23 $ 56 $ 80 Foreign currency losses, net (29 ) (18 ) (109 ) (84 ) Noncontrolling interests in income (42 ) (46 ) (131 ) (127 ) Other, net (260 ) 24 (164 ) 101 Total non-operating expenses, net $ (315 ) $ (17 ) $ (348 ) $ (30 )

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Feb. 28, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	February 28, 2022 May 31, 2021 Fair Value Measurements Using Input Types Fair Value Measurements Using Input Types (in millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Money market funds $ 12,877 $ — $ 12,877 $ 12,263 $ — $ 12,263 Corporate debt securities and other 275 440 715 1,250 8,220 9,470 Commercial paper debt securities — — — — 11,712 11,712 Derivative financial instruments — — — — 73 73 Total assets $ 13,152 $ 440 $ 13,592 $ 13,513 $ 20,005 $ 33,518 Liabilities: Derivative financial instruments $ — $ 33 $ 33 $ — $ — $ —

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	9 Months Ended
INTANGIBLE ASSETS AND GOODWILL (Tables)	Feb. 28, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets, Gross Accumulated Amortization Intangible Assets, Net Weighted Average Useful Life (2) (Dollars in millions) May 31, 2021 Additions & Adjustments, net (1) February 28, 2022 May 31, 2021 Expense February 28, 2022 May 31, 2021 February 28, 2022 Developed technology $ 4,237 $ 145 $ 4,382 $ (3,621 ) $ (364 ) $ (3,985 ) $ 616 $ 397 3 Cloud services and license support agreements and related relationships 5,497 (5 ) 5,492 (3,834 ) (455 ) (4,289 ) 1,663 1,203 N.A. Other 1,269 — 1,269 (1,118 ) (63 ) (1,181 ) 151 88 N.A. Total intangible assets, net $ 11,003 $ 140 $ 11,143 $ (8,573 ) $ (882 ) $ (9,455 ) $ 2,430 $ 1,688 (1) (2)
Estimated Future Amortization Expenses Related to Intangible Assets	Remainder of fiscal 2022 $ 267 Fiscal 2023 744 Fiscal 2024 501 Fiscal 2025 142 Fiscal 2026 24 Fiscal 2027 6 Thereafter 4 Total intangible assets, net $ 1,688
Goodwill	(in millions) Cloud and License Hardware Services Total Goodwill, net Balances as of May 31, 2021 $ 39,786 $ 2,367 $ 1,782 $ 43,935 Goodwill adjustments, net (1) 165 — (267 ) (102 ) Balances as of February 28, 2022 $ 39,951 $ 2,367 $ 1,515 $ 43,833 (1) Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations and the realignment of an operating segment component.

RESTRUCTURING ACTIVITIES (Table

RESTRUCTURING ACTIVITIES (Tables)	9 Months Ended
RESTRUCTURING ACTIVITIES (Tables)	Feb. 28, 2022
Restructuring And Related Activities [Abstract]
Summary of All Plans	Accrued May 31, 2021 (2) Nine Months Ended February 28, 2022 Accrued February 28, 2022 (2) Total Costs Accrued to Date Total Expected Program Costs (in millions) Initial Costs (3) Adj. to Cost (4) Cash Payments Others (5) 2022 Restructuring Plan (1) Cloud and license $ — $ 69 $ (1 ) $ (37 ) $ (1 ) $ 30 $ 68 $ 247 Hardware — 7 1 (4 ) — 4 8 26 Services — 11 — (5 ) — 6 11 37 Other (6) — 31 (1 ) (19 ) 1 12 30 43 Total 2022 Restructuring Plan $ — $ 118 $ (1 ) $ (65 ) $ — $ 52 $ 117 $ 353 Total other restructuring plans (7) $ 225 $ — $ (28 ) $ (94 ) $ (11 ) $ 92 Total restructuring plans $ 225 $ 118 $ (29 ) $ (159 ) $ (11 ) $ 144 (1) Restructuring costs recorded for individual line items primarily related to employee severance costs. (2) As of February 28, 2022 and May 31, 2021, 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 current 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 ) Represents foreign currency translation and certain other adjustments. ( 6 ) Represents employee related severance costs for functions that are not included within our operating segments and certain other restructuring costs. ( 7 ) Other restructuring plans presented in the table 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 period presented but for which the periodic impact to our condensed consolidated statements of operations was not significant.

DEFERRED REVENUES (Tables)

DEFERRED REVENUES (Tables)	9 Months Ended
DEFERRED REVENUES (Tables)	Feb. 28, 2022
Deferred Revenue Disclosure [Abstract]
Deferred Revenues	(in millions) February 28, 2022 May 31, 2021 Cloud services and license support $ 6,911 $ 7,728 Hardware 505 618 Services 398 399 Cloud license and on-premise license 57 30 Deferred revenues, current 7,871 8,775 Deferred revenues, non-current (in other non-current liabilities) 743 679 Total deferred revenues $ 8,614 $ 9,454

STOCKHOLDERS' (DEFICIT) EQUITY

STOCKHOLDERS' (DEFICIT) EQUITY (Tables)	9 Months Ended
STOCKHOLDERS' (DEFICIT) EQUITY (Tables)	Feb. 28, 2022
Stockholders Equity Note [Abstract]
Stock-Based Compensation Expense	Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Cloud services and license support $ 55 $ 33 $ 145 $ 99 Hardware 4 2 11 8 Services 17 15 49 41 Sales and marketing 113 82 328 233 Research and development 421 307 1,188 897 General and administrative 64 40 179 117 Total stock-based compensation $ 674 $ 479 $ 1,900 $ 1,395

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
SEGMENT INFORMATION (Tables)	Feb. 28, 2022
Segment Reporting [Abstract]
Summary of Businesses Results	Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Cloud and license: Revenues (1) $ 8,926 $ 8,529 $ 25,901 $ 24,567 Cloud services and license support expenses 1,231 1,011 3,568 2,977 Sales and marketing expenses 1,760 1,694 5,083 4,947 Margin (2) $ 5,935 $ 5,824 $ 17,250 $ 16,643 Hardware: Revenues $ 798 $ 820 $ 2,328 $ 2,478 Hardware products and support expenses 237 223 696 698 Sales and marketing expenses 88 95 265 287 Margin (2) $ 473 $ 502 $ 1,367 $ 1,493 Services: Revenues $ 789 $ 737 $ 2,371 $ 2,209 Services expenses 633 587 1,873 1,767 Margin (2) $ 156 $ 150 $ 498 $ 442 Totals: Revenues (1) $ 10,513 $ 10,086 $ 30,600 $ 29,254 Expenses 3,949 3,610 11,485 10,676 Margin (2) $ 6,564 $ 6,476 $ 19,115 $ 18,578 (1) Cloud and license revenues and total revenues presented for management reporting for the fiscal 2021 periods presented included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our condensed consolidated statements of operations due to business combination accounting rules that were applicable to acquisitions closed prior to fiscal 2022. The table below provides a reconciliation of our total operating segment revenues to our total revenues as reported in our condensed consolidated statements of operations for all periods presented. (2) 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.
Reconciliation of Total Operating Segment Revenues to Total Revenues	Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Total revenues for operating segments $ 10,513 $ 10,086 $ 30,600 $ 29,254 Cloud and license revenues (1) — (1 ) — (2 ) Total revenues $ 10,513 $ 10,085 $ 30,600 $ 29,252
Reconciliation of Total Operating Segment Margin to Income before Income Taxes	Total margin for operating segments $ 6,564 $ 6,476 $ 19,115 $ 18,578 Cloud and license revenues (1) — (1 ) — (2 ) Research and development (1,816 ) (1,621 ) (5,254 ) (4,812 ) General and administrative (335 ) (330 ) (953 ) (949 ) Amortization of intangible assets (279 ) (347 ) (882 ) (1,037 ) Acquisition related and other (20 ) (13 ) (4,707 ) (107 ) Restructuring (19 ) (66 ) (89 ) (337 ) Stock-based compensation for operating segments (189 ) (132 ) (533 ) (381 ) Expense allocations and other, net (84 ) (88 ) (273 ) (281 ) Interest expense (667 ) (585 ) (2,051 ) (1,799 ) Non-operating expenses, net (315 ) (17 ) (348 ) (30 ) Income before income taxes $ 2,840 $ 3,276 $ 4,025 $ 8,843 (1) Cloud and license revenues presented for management reporting for the fiscal 2021 periods presented included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our condensed consolidated statements of operations due to business combination accounting rules that were applicable to acquisitions closed prior to fiscal 2022. This table includes a reconciliation of our total operating segment revenues to our total revenues as reported in our condensed consolidated statements of operations for all periods presented.
Disaggregation of Revenue by Geography and Ecosystem	Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Americas $ 5,849 $ 5,424 $ 16,905 $ 15,751 EMEA (1) 3,014 2,981 8,751 8,571 Asia Pacific 1,650 1,680 4,944 4,930 Total revenues $ 10,513 $ 10,085 $ 30,600 $ 29,252 (1) Comprised of Europe, the Middle East and Africa Three Months Ended February 28, Nine Months Ended February 28, (in millions) 2022 2021 2022 2021 Applications cloud services and license support $ 3,187 $ 2,952 $ 9,377 $ 8,669 Infrastructure cloud services and license support 4,450 4,300 13,185 12,642 Total cloud services and license support revenues $ 7,637 $ 7,252 $ 22,562 $ 21,311

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
EARNINGS PER SHARE (Tables)	Feb. 28, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Three Months Ended February 28, Nine Months Ended February 28, (in millions, except per share data) 2022 2021 2022 2021 Net income $ 2,319 $ 5,021 $ 3,528 $ 9,714 Weighted average common shares outstanding 2,670 2,913 2,711 2,977 Dilutive effect of employee stock plans 84 81 89 72 Dilutive weighted average common shares outstanding 2,754 2,994 2,800 3,049 Basic earnings per share $ 0.87 $ 1.72 $ 1.30 $ 3.26 Diluted earnings per share $ 0.84 $ 1.68 $ 1.26 $ 3.19 Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation (1) 33 36 32 36 (1) Substantially all of these weighted shares related to contingently issuable shares pursuant to PSO arrangements that could be dilutive in the future.

BASIS OF PRESENTATION, RECENT_4

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021	May 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Litigation related charges			$ 4,700
Total net tax benefit		$ 2,300		$ 2,300
Contract with Customer, Asset and Liability [Abstract]
Revenues recognized included in opening deferred revenues balances			8,100	7,400
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, amount	$ 38,500		38,500
Sales of Financing Receivables [Abstract]
Sales of financing receivables	352	$ 338	1,400	$ 1,300
Equity Securities, FV-NI and without Readily Determinable Fair Value [Abstract]
Non-marketable debt investments and equity securities and related instruments	$ 1,300		$ 1,300		$ 971

BASIS OF PRESENTATION, RECENT_5

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER Narrative (Details1)	Feb. 28, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-03-01
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, percentage	59.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-03-01
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, percentage	30.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years

BASIS OF PRESENTATION, RECENT_6

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Acquisition Related and Other Expenses [Abstract]
Transitional and other employee related costs	$ 2	$ 1	$ 6	$ 4
Business combination adjustments, net	5	2	8	3
Other, net	13	10	4,693	100
Total acquisition related and other expenses	20	13	4,707	107
Non-Operating Expenses, net [Abstract]
Interest income	16	23	56	80
Foreign currency losses, net	(29)	(18)	(109)	(84)
Noncontrolling interests in income	(42)	(46)	(131)	(127)
Other, net	(260)	24	(164)	101
Total non-operating expenses, net	$ (315)	$ (17)	$ (348)	$ (30)

ACQUISITIONS Narrative (Details

ACQUISITIONS Narrative (Details) - Cerner Corporation [Member] $ / shares in Units, $ in Billions	Jan. 19, 2022USD ($)$ / shares
Business Acquisition [Line Items]
Total purchase price \| $	$ 28.5
Merger agreement date	Jan. 19, 2022
Tender offer period of expire	Mar. 16, 2022
Common Stock [Member]
Business Acquisition [Line Items]
Tender offer purchase share price \| $ / shares	$ 95

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Feb. 28, 2022	May 31, 2021
Assets [Abstract]
Derivative financial instruments	$ 0	$ 73
Total assets	13,592	33,518
Liabilities [Abstract]
Derivative financial instruments	33	0
Commercial Paper Debt Securities [Member]
Assets [Abstract]
Investments and cash and cash equivalents	0	11,712
Money Market Funds [Member]
Assets [Abstract]
Investments and cash and cash equivalents	12,877	12,263
Corporate Debt Securities and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	715	9,470
Fair Value Measurements Using Input Types Level 1 [Member]
Assets [Abstract]
Derivative financial instruments	0	0
Total assets	13,152	13,513
Liabilities [Abstract]
Derivative financial instruments	0	0
Fair Value Measurements Using Input Types Level 1 [Member] \| Commercial Paper Debt Securities [Member]
Assets [Abstract]
Investments and cash and cash equivalents	0	0
Fair Value Measurements Using Input Types Level 1 [Member] \| Money Market Funds [Member]
Assets [Abstract]
Investments and cash and cash equivalents	12,877	12,263
Fair Value Measurements Using Input Types Level 1 [Member] \| Corporate Debt Securities and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	275	1,250
Fair Value Measurements Using Input Types Level 2 [Member]
Assets [Abstract]
Derivative financial instruments	0	73
Total assets	440	20,005
Liabilities [Abstract]
Derivative financial instruments	33	0
Fair Value Measurements Using Input Types Level 2 [Member] \| Commercial Paper Debt Securities [Member]
Assets [Abstract]
Investments and cash and cash equivalents	0	11,712
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] \| Corporate Debt Securities and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	$ 440	$ 8,220

FAIR VALUE MEASUREMENTS Narrati

FAIR VALUE MEASUREMENTS Narrative (Details) - Senior notes [Member] - USD ($) $ in Billions	Feb. 28, 2022	May 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total debt, carrying value	$ 78.4	$ 84.2
Fair Value Measurements Using Input Types Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total debt, fair value	$ 76.6	$ 89.6

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
INTANGIBLE ASSETS (Details) - USD ($) $ in Millions		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021	May 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		$ 11,143		$ 11,143		$ 11,003
Additions & Adjustments, net	[1]			140
Accumulated Amortization,		(9,455)		(9,455)		(8,573)
Expense		(279)	$ (347)	(882)	$ (1,037)
Intangible Assets, Net		1,688		1,688		2,430
Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		4,382		4,382		4,237
Additions & Adjustments, net	[1]			145
Accumulated Amortization,		(3,985)		(3,985)		(3,621)
Expense				(364)
Intangible Assets, Net		397		$ 397		616
Weighted Average Useful Life	[2]			3 years
Cloud services and license support agreements and related relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		5,492		$ 5,492		5,497
Additions & Adjustments, net	[1]			(5)
Accumulated Amortization,		(4,289)		(4,289)		(3,834)
Expense				(455)
Intangible Assets, Net		1,203		1,203		1,663
Other [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		1,269		1,269		1,269
Additions & Adjustments, net	[1]			0
Accumulated Amortization,		(1,181)		(1,181)		(1,118)
Expense				(63)
Intangible Assets, Net		$ 88		$ 88		$ 151

[1]
[2]

INTANGIBLE ASSETS AMORTIZATION

INTANGIBLE ASSETS AMORTIZATION (Details) - USD ($) $ in Millions	Feb. 28, 2022	May 31, 2021
Finite lived intangible assets future amortization expense [Abstract]
Remainder of fiscal 2022	$ 267
Fiscal 2023	744
Fiscal 2024	501
Fiscal 2025	142
Fiscal 2026	24
Fiscal 2027	6
Thereafter	4
Intangible Assets, Net	$ 1,688	$ 2,430

GOODWILL (Details)

GOODWILL (Details) $ in Millions	9 Months Ended
GOODWILL (Details) $ in Millions	Feb. 28, 2022USD ($)
Goodwill [Line Items]
Balances at period start	$ 43,935
Goodwill adjustments, net	(102)	[1]
Balances at period end	43,833
Cloud and License [Member]
Goodwill [Line Items]
Balances at period start	39,786
Goodwill adjustments, net	165	[1]
Balances at period end	39,951
Hardware [Member]
Goodwill [Line Items]
Balances at period start	2,367
Goodwill adjustments, net	0	[1]
Balances at period end	2,367
Services [Member]
Goodwill [Line Items]
Balances at period start	1,782
Goodwill adjustments, net	(267)	[1]
Balances at period end	$ 1,515

[1]	Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations and the realignment of an operating segment component.

RESTRUCTURING ACTIVITIES Narrat

RESTRUCTURING ACTIVITIES Narrative (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Restructuring reserve [Line Items]
Restructuring expenses		$ 19	$ 66	$ 89	$ 337
Fiscal 2022 Oracle Restructuring [Member]
Restructuring reserve [Line Items]
Total estimated restructuring costs	[1]	353		353
Restructuring expenses				117
Remaining expenses to incur		236		$ 236
Expected completion date				May 31, 2024
Fiscal 2022 Oracle Restructuring [Member] \| Maximum [Member]
Restructuring reserve [Line Items]
Total estimated restructuring costs		$ 353		$ 353

[1]	Restructuring costs recorded for individual line items primarily related to employee severance costs.

RESTRUCTURING ACTIVITIES (Detai

RESTRUCTURING ACTIVITIES (Details) $ in Millions	9 Months Ended
RESTRUCTURING ACTIVITIES (Details) $ in Millions	Feb. 28, 2022USD ($)	[2]
Restructuring reserve [Line Items]
Accrued at period start	$ 225	[1]
Initial Costs	118	[3]
Adjustments to Cost	(29)	[4]
Cash Payments	(159)
Others	(11)	[5]
Accrued at period end	144	[1]
Fiscal 2022 Oracle Restructuring [Member]
Restructuring reserve [Line Items]
Accrued at period start	0	[1]
Initial Costs	118	[3]
Adjustments to Cost	(1)	[4]
Cash Payments	(65)
Others	0	[5]
Accrued at period end	52	[1]
Total Costs Accrued to Date	117
Total Expected Program Costs	353
Fiscal 2022 Oracle Restructuring [Member] \| Other [Member]
Restructuring reserve [Line Items]
Accrued at period start	0	[1],[6]
Initial Costs	31	[3],[6]
Adjustments to Cost	(1)	[4],[6]
Cash Payments	(19)	[6]
Others	1	[5],[6]
Accrued at period end	12	[1],[6]
Total Costs Accrued to Date	30	[6]
Total Expected Program Costs	43	[6]
Fiscal 2022 Oracle Restructuring [Member] \| Cloud and License [Member] \| Operating Segments [Member]
Restructuring reserve [Line Items]
Accrued at period start	0	[1]
Initial Costs	69	[3]
Adjustments to Cost	(1)	[4]
Cash Payments	(37)
Others	(1)	[5]
Accrued at period end	30	[1]
Total Costs Accrued to Date	68
Total Expected Program Costs	247
Fiscal 2022 Oracle Restructuring [Member] \| Hardware [Member] \| Operating Segments [Member]
Restructuring reserve [Line Items]
Accrued at period start	0	[1]
Initial Costs	7	[3]
Adjustments to Cost	1	[4]
Cash Payments	(4)
Others	0	[5]
Accrued at period end	4	[1]
Total Costs Accrued to Date	8
Total Expected Program Costs	26
Fiscal 2022 Oracle Restructuring [Member] \| Services [Member] \| Operating Segments [Member]
Restructuring reserve [Line Items]
Accrued at period start	0	[1]
Initial Costs	11	[3]
Adjustments to Cost	0	[4]
Cash Payments	(5)
Others	0	[5]
Accrued at period end	6	[1]
Total Costs Accrued to Date	11
Total Expected Program Costs	37
Other Restructuring Plans [Member]
Restructuring reserve [Line Items]
Accrued at period start	225	[1],[7]
Initial Costs	0	[3],[7]
Adjustments to Cost	(28)	[4],[7]
Cash Payments	(94)	[7]
Others	(11)	[5],[7]
Accrued at period end	$ 92	[1],[7]

[1]	As of February 28, 2022 and May 31, 2021, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed consolidated balance sheets.
[2]	Restructuring costs recorded for individual line items primarily related to employee severance costs.
[3]	Costs recorded for the respective restructuring plans during the current 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]	Represents foreign currency translation and certain other adjustments.
[6]	Represents employee related severance costs for functions that are not included within our operating segments and certain other restructuring costs.
[7]	Other restructuring plans presented in the table 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 period 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	Feb. 28, 2022	May 31, 2021
Deferred Revenues [Line Items]
Deferred revenues, current	$ 7,871	$ 8,775
Deferred revenues, non-current (in other non-current liabilities)	743	679
Total deferred revenues	8,614	9,454
Cloud services and license support [Member] \| Cloud and License [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	6,911	7,728
Hardware [Member] \| Hardware [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	505	618
Services [Member] \| Services [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	398	399
Cloud license and on-premise license [Member] \| Cloud and License [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	$ 57	$ 30

STOCKHOLDERS' (DEFICIT) EQUIT_2

STOCKHOLDERS' (DEFICIT) EQUITY Narrative (Details) $ / shares in Units, shares in Millions	Mar. 11, 2022$ / shares	Feb. 28, 2022USD ($)Trancheshares	Feb. 28, 2021USD ($)shares	Dec. 09, 2021USD ($)
Stock Repurchases [Abstract]
Additional authorized amount \| $				$ 10,000,000,000
Amount available for future repurchases \| $		$ 10,000,000
Repurchases of common stock (in shares) \| shares		177.9	222.2
Repurchased amount \| $		$ 15,600,000,000	$ 13,000,000,000
Repurchased shares that were not settled (in shares) \| shares		0.2
Repurchased amount that was not settled \| $		$ 13,000,000
Stock-based compensation expense and valuations of stock awards [Abstract]
Restricted stock-based units granted (in shares) \| shares		58
Forfeitures and cancellations (in shares) \| shares		7
Performance-based stock options [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Number of vesting tranches require attainment of both a performance and a market condition \| Tranche		6
Number of tranches vests on attainment of market-based metric \| Tranche		7
Performance-based stock options [Member] \| Minimum [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Award service period for market-based metric		3 years
Performance-based stock options [Member] \| Maximum [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Award service period for market-based metric		4 years
Subsequent Event [Member]
Dividends on Common Stock [Abstract]
Dividends declared per share of outstanding common stock (in dollars per share) \| $ / shares	$ 0.32
Dividend payable date	Apr. 21, 2022
Dividend record date	Apr. 8, 2022

STOCKHOLDERS' (DEFICIT) EQUIT_3

STOCKHOLDERS' (DEFICIT) EQUITY (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	$ 674	$ 479	$ 1,900	$ 1,395
Cloud services and license support [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	55	33	145	99
Hardware [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	4	2	11	8
Services [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	17	15	49	41
Sales and marketing [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	113	82	328	233
Research and development [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	421	307	1,188	897
General and administrative [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	$ 64	$ 40	$ 179	$ 117

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Billions	3 Months Ended		9 Months Ended
INCOME TAXES (Details) - USD ($) $ in Billions	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021	May 31, 2021
Income Tax Disclosure [Abstract]
Effective tax (benefit) expense rate	18.40%	(53.30%)	12.30%	(9.80%)
Total net tax benefit		$ 2.3		$ 2.3
Deferred Tax Assets, Net [Abstract]
Net deferred tax assets	$ 6.6		$ 6.6		$ 5.8

SEGMENT INFORMATION Narrative (

SEGMENT INFORMATION Narrative (Details)	9 Months Ended
SEGMENT INFORMATION Narrative (Details)	Feb. 28, 2022BusinessSegment
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		9 Months Ended
SEGMENT INFORMATION (Details) - USD ($) $ in Millions		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Segment reporting information [Line Items]
Revenues		$ 10,513	$ 10,085	$ 30,600	$ 29,252
Cloud services and license support expenses	[1]	1,305	1,064	3,778	3,139
Sales and marketing expenses	[1]	2,004	1,915	5,811	5,605
Margin		3,822	3,878	6,424	10,672
Operating Segments [Member]
Segment reporting information [Line Items]
Revenues	[2]	10,513	10,086	30,600	29,254
Expenses		3,949	3,610	11,485	10,676
Margin	[3]	6,564	6,476	19,115	18,578
Operating Segments [Member] \| Cloud and License [Member]
Segment reporting information [Line Items]
Revenues	[2]	8,926	8,529	25,901	24,567
Cloud services and license support expenses		1,231	1,011	3,568	2,977
Sales and marketing expenses		1,760	1,694	5,083	4,947
Margin	[3]	5,935	5,824	17,250	16,643
Operating Segments [Member] \| Hardware [Member]
Segment reporting information [Line Items]
Revenues		798	820	2,328	2,478
Hardware products and support expenses		237	223	696	698
Sales and marketing expenses		88	95	265	287
Margin	[3]	473	502	1,367	1,493
Operating Segments [Member] \| Services [Member]
Segment reporting information [Line Items]
Revenues		789	737	2,371	2,209
Services expenses		633	587	1,873	1,767
Margin	[3]	$ 156	$ 150	$ 498	$ 442

[1]	Exclusive of amortization of intangible assets, which is shown separately.
[2]	Cloud and license revenues and total revenues presented for management reporting for the fiscal 2021 periods presented included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our condensed consolidated statements of operations due to business combination accounting rules that were applicable to acquisitions closed prior to fiscal 2022. The table below provides a reconciliation of our total operating segment revenues to our total revenues as reported in our condensed consolidated statements of operations for all periods presented.
[3]	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.

SEGMENT INFORMATION RECONCILIAT

SEGMENT INFORMATION RECONCILIATION (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Reconciliation of Operating Segment Revenues to Revenues [Abstract]
Total revenues		$ 10,513	$ 10,085	$ 30,600	$ 29,252
Reconciliation of Total Operating Segment Margin to Income Before Provision for Income Taxes [Abstract]
Total margin for operating segments		3,822	3,878	6,424	10,672
Total revenues		10,513	10,085	30,600	29,252
Research and development		(1,816)	(1,621)	(5,254)	(4,812)
General and administrative		(335)	(330)	(953)	(949)
Amortization of intangible assets		(279)	(347)	(882)	(1,037)
Acquisition related and other		(20)	(13)	(4,707)	(107)
Restructuring		(19)	(66)	(89)	(337)
Stock-based compensation for operating segments		(189)	(132)	(533)	(381)
Expense allocations and other, net		(84)	(88)	(273)	(281)
Interest expense		(667)	(585)	(2,051)	(1,799)
Non-operating expenses, net		(315)	(17)	(348)	(30)
Income before income taxes		2,840	3,276	4,025	8,843
Operating Segments [Member]
Reconciliation of Operating Segment Revenues to Revenues [Abstract]
Total revenues	[1]	10,513	10,086	30,600	29,254
Reconciliation of Total Operating Segment Margin to Income Before Provision for Income Taxes [Abstract]
Total margin for operating segments	[2]	6,564	6,476	19,115	18,578
Total revenues	[1]	10,513	10,086	30,600	29,254
Cloud and license revenues [Member]
Reconciliation of Operating Segment Revenues to Revenues [Abstract]
Total revenues	[3]	0	(1)	0	(2)
Reconciliation of Total Operating Segment Margin to Income Before Provision for Income Taxes [Abstract]
Total revenues	[3]	$ 0	$ (1)	$ 0	$ (2)

[1]	Cloud and license revenues and total revenues presented for management reporting for the fiscal 2021 periods presented included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our condensed consolidated statements of operations due to business combination accounting rules that were applicable to acquisitions closed prior to fiscal 2022. The table below provides a reconciliation of our total operating segment revenues to our total revenues as reported in our condensed consolidated statements of operations for all periods presented.
[2]	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.
[3]	Cloud and license revenues presented for management reporting for the fiscal 2021 periods presented included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our condensed consolidated statements of operations due to business combination accounting rules that were applicable to acquisitions closed prior to fiscal 2022. This table includes a reconciliation of our total operating segment revenues to our total revenues as reported in our condensed consolidated statements of operations for all periods presented.

SUMMARY OF TOTAL REVENUES BY GE

SUMMARY OF TOTAL REVENUES BY GEOGRAPHIC REGION (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Disaggregation of Revenue [Line Items]
Total revenues		$ 10,513	$ 10,085	$ 30,600	$ 29,252
Americas [Member]
Disaggregation of Revenue [Line Items]
Total revenues		5,849	5,424	16,905	15,751
EMEA [Member]
Disaggregation of Revenue [Line Items]
Total revenues	[1]	3,014	2,981	8,751	8,571
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total revenues		$ 1,650	$ 1,680	$ 4,944	$ 4,930

[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		9 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 10,513	$ 10,085	$ 30,600	$ 29,252
Applications Cloud Services and License Support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	3,187	2,952	9,377	8,669
Infrastructure Cloud Services and License Support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,450	4,300	13,185	12,642
Cloud services and license support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 7,637	$ 7,252	$ 22,562	$ 21,311

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Earnings Per Share [Abstract]
Net income		$ 2,319	$ 5,021	$ 3,528	$ 9,714
Weighted average common shares outstanding		2,670	2,913	2,711	2,977
Dilutive effect of employee stock plans		84	81	89	72
Dilutive weighted average common shares outstanding		2,754	2,994	2,800	3,049
Basic earnings per share		$ 0.87	$ 1.72	$ 1.30	$ 3.26
Diluted earnings per share		$ 0.84	$ 1.68	$ 1.26	$ 3.19
Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation	[1]	33	36	32	36

[1]	Substantially all of these weighted shares related to contingently issuable shares pursuant to PSO arrangements that could be dilutive in the future.

LEGAL PROCEEDINGS (Details)

LEGAL PROCEEDINGS (Details) - Hewlett-Packard Litigation [Member] - USD ($) $ in Billions	Jun. 30, 2016	Feb. 28, 2022
Legal Proceedings [Line Items]
Damages awarded, value	$ 3
Damages paid, value		$ 3
Damages paid, value, interest portion		$ 1.7

SUBSEQUENT EVENTS Narrative (De

SUBSEQUENT EVENTS Narrative (Details) - Subsequent Event [Member]	Mar. 08, 2022USD ($)
Subsequent Event [Line Items]
Consolidated EBITDA to consolidated net interest expense ratio	3
Revolving Credit Agreement [Member]
Subsequent Event [Line Items]
Revolving credit facility	$ 6,000,000,000
Revolving credit facility term	5 years
Revolving credit facility, expiration date	Mar. 8, 2027
Bridge Credit Agreement [Member]
Subsequent Event [Line Items]
Revolving credit facility	$ 15,700,000,000
Revolving credit facility term	364 days
Revolving credit facility, expiration date	Mar. 7, 2023
Minimum [Member] \| Revolving Credit Agreement [Member] \| SOFR [Member]
Subsequent Event [Line Items]
Revolving credit facility, basis spread on variable rate	0.875%
Minimum [Member] \| Revolving Credit Agreement [Member] \| Base Rate [Member]
Subsequent Event [Line Items]
Revolving credit facility, basis spread on variable rate	0.00%
Minimum [Member] \| Bridge Credit Agreement [Member] \| SOFR [Member]
Subsequent Event [Line Items]
Revolving credit facility, basis spread on variable rate	1.00%
Minimum [Member] \| Bridge Credit Agreement [Member] \| Base Rate [Member]
Subsequent Event [Line Items]
Revolving credit facility, basis spread on variable rate	0.00%
Maximum [Member] \| Revolving Credit Agreement [Member] \| SOFR [Member]
Subsequent Event [Line Items]
Revolving credit facility, basis spread on variable rate	1.50%
Maximum [Member] \| Revolving Credit Agreement [Member] \| Base Rate [Member]
Subsequent Event [Line Items]
Revolving credit facility, basis spread on variable rate	0.50%
Maximum [Member] \| Bridge Credit Agreement [Member] \| SOFR [Member]
Subsequent Event [Line Items]
Revolving credit facility, basis spread on variable rate	1.375%
Maximum [Member] \| Bridge Credit Agreement [Member] \| Base Rate [Member]
Subsequent Event [Line Items]
Revolving credit facility, basis spread on variable rate	0.375%