Oracle (ORCL) 10-Q13 Sep 222023 Q1 Quarterly reportFinancial data

Company Profile

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
DOCUMENT AND ENTITY INFORMATION - shares	Aug. 31, 2022	Sep. 08, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
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)		2,695,653,000
Entity File Number	001-35992
Entity Tax Identification Number	54-2185193
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Address, Address Line One	2300 Oracle Way
Entity Address, City or Town	Austin
Entity Address State Or Province	TX
Entity Address, Postal Zip Code	78741
City Area Code	737
Local Phone Number	867-1000
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	ORCL
Security Exchange Name	NYSE
3.125% senior notes due July 2025 [Member]
Document Information [Line Items]
Title of 12(b) Security	3.125% senior notes due July 2025
Security Exchange Name	NYSE
No Trading Symbol Flag	true

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 31, 2022	May 31, 2022
Current assets:
Cash and cash equivalents	$ 10,448	$ 21,383
Marketable securities	772	519
Trade receivables, net of allowances for credit losses of $385 and $362 as of August 31, 2022 and May 31, 2022, respectively	5,937	5,953
Prepaid expenses and other current assets	3,847	3,778
Total current assets	21,004	31,633
Non-current assets:
Property, plant and equipment, net	12,280	9,716
Intangible assets, net	12,499	1,440
Goodwill, net	61,629	43,811
Deferred tax assets	12,065	12,782
Other non-current assets	10,832	9,915
Total non-current assets	109,305	77,664
Total assets	130,309	109,297
Current liabilities:
Notes payable and other borrowings, current	16,097	3,749
Accounts payable	1,461	1,317
Accrued compensation and related benefits	1,958	1,944
Deferred revenues	10,473	8,357
Other current liabilities	4,830	4,144
Total current liabilities	34,819	19,511
Non-current liabilities:
Notes payable and other borrowings, non-current	75,480	72,110
Income taxes payable	12,128	12,210
Deferred tax liabilities	7,693	6,031
Other non-current liabilities	5,638	5,203
Total non-current liabilities	100,939	95,554
Commitments and contingencies	0	0
Oracle Corporation stockholders’ deficit:
Preferred stock, $0.01 par value—authorized: 1.0 shares; outstanding: none	0	0
Common stock, $0.01 par value and additional paid in capital—authorized: 11,000 shares; outstanding: 2,696 shares and 2,665 shares as of August 31, 2022 and May 31, 2022, respectively	27,224	26,808
Accumulated deficit	(31,134)	(31,336)
Accumulated other comprehensive loss	(1,965)	(1,692)
Total Oracle Corporation stockholders’ deficit	(5,875)	(6,220)
Noncontrolling interests	426	452
Total stockholders’ deficit	(5,449)	(5,768)
Total liabilities and stockholders’ deficit	$ 130,309	$ 109,297

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL - USD ($) $ in Millions	Aug. 31, 2022	May 31, 2022
Statement Of Financial Position [Abstract]
Allowance for credit losses	$ 385	$ 362
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	2,696,000,000	2,665,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Aug. 31, 2022	Aug. 31, 2021
Revenues:
Cloud services and license support		$ 8,417	$ 7,371
Cloud license and on-premise license		904	813
Hardware		763	763
Services		1,361	781
Total revenues		11,445	9,728
Operating expenses:
Cloud services and license support	[1]	1,735	1,214
Hardware	[1]	249	245
Services	[1]	1,053	644
Sales and marketing	[1]	2,177	1,854
Research and development		2,093	1,684
General and administrative		411	298
Amortization of intangible assets		919	303
Acquisition related and other		41	21
Restructuring		144	38
Total operating expenses		8,822	6,301
Operating income		2,623	3,427
Interest expense		(787)	(705)
Non-operating expenses, net		(180)	(41)
Income before income taxes		1,656	2,681
Provision for income taxes		108	224
Net income		$ 1,548	$ 2,457
Earnings per share:
Basic		$ 0.58	$ 0.89
Diluted		$ 0.56	$ 0.86
Weighted average common shares outstanding:
Basic		2,685	2,769
Diluted		2,747	2,861

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

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 1,548	$ 2,457
Other comprehensive loss, net of tax:
Net foreign currency translation losses	(288)	(223)
Net unrealized (losses) gains on defined benefit plans	(1)	2
Net unrealized gains on cash flow hedges	17	0
Total other comprehensive loss, net	(272)	(221)
Comprehensive income	$ 1,276	$ 2,236

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($) $ in Millions	Total	Common Stock and Additional Paid in Capital	Accumulated Deficit	Other Stockholders' Deficit, Net
Balance, beginning of period at May. 31, 2021		$ 26,533	$ (20,120)	$ (461)
Other comprehensive loss, net	$ (221)			(221)
Common stock issued		148
Stock-based compensation		545
Repurchases of common stock	(8,000)	(872)	(7,128)
Cash dividends declared			(887)
Net income			2,457
Other, net		(820)	(1)	(303)
Balance, end of period at Aug. 31, 2021	$ (1,130)	25,534	(25,679)	(985)
Cash dividends declared per common share	$ 0.32
Balance, beginning of period at May. 31, 2022	$ (5,768)	26,808	(31,336)	(1,240)
Other comprehensive loss, net	(272)			(272)
Common stock issued		515
Stock-based compensation		750
Repurchases of common stock	(559)	(73)	(486)
Cash dividends declared			(860)
Net income			1,548
Other, net		(776)	0	(27)
Balance, end of period at Aug. 31, 2022	$ (5,449)	$ 27,224	$ (31,134)	$ (1,539)
Cash dividends declared per common share	$ 0.32

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Cash flows from operating activities:
Net income	$ 1,548	$ 2,457
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	547	454
Amortization of intangible assets	919	303
Deferred income taxes	(344)	(15)
Stock-based compensation	750	545
Other, net	156	(27)
Changes in operating assets and liabilities, net of effects from acquisitions:
Decrease in trade receivables, net	761	852
Decrease in prepaid expenses and other assets	44	270
Decrease in accounts payable and other liabilities	(166)	(713)
Increase (decrease) in income taxes payable	145	(221)
Increase in deferred revenues	2,034	1,486
Net cash provided by operating activities	6,394	5,391
Cash flows from investing activities:
Purchases of marketable securities and other investments	(57)	(7,671)
Proceeds from sales and maturities of marketable securities and other investments	138	8,002
Acquisitions, net of cash acquired	(27,798)	(50)
Capital expenditures	(1,719)	(1,062)
Net cash used for investing activities	(29,436)	(781)
Cash flows from financing activities:
Payments for repurchases of common stock	(552)	(7,995)
Proceeds from issuances of common stock	515	148
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards	(829)	(820)
Payments of dividends to stockholders	(860)	(887)
Proceeds from borrowings, net of issuance costs	20,046	0
Repayments of borrowings	(5,883)	(1,500)
Other, net	(127)	(414)
Net cash provided by (used for) financing activities	12,310	(11,468)
Effect of exchange rate changes on cash and cash equivalents	(203)	(181)
Net decrease in cash and cash equivalents	(10,935)	(7,039)
Cash and cash equivalents at beginning of period	21,383	30,098
Cash and cash equivalents at end of period	10,448	23,059
Non-cash financing activities:
Fair values of stock awards assumed in connection with acquisitions	$ 55	$ 0

BASIS OF PRESENTATION, RECENT A

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER	3 Months Ended
	Aug. 31, 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, 2022. On June 8, 2022, we completed our acquisition of Cerner Corporation (Cerner), a provider of digital information systems used within hospitals and health systems, by means of a merger of one of our wholly owned subsidiaries with and into Cerner such that Cerner became an indirect, wholly owned subsidiary of Oracle. Through our acquisition of Cerner, we enhanced our offerings of each of our three existing businesses, cloud and license, hardware and services. The condensed consolidated financial statements included in this Quarterly Report include the financial results of Cerner prospectively from the date of acquisition. Refer to Note 2 below for additional details regarding our acquisition of Cerner. 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, 2023. There have been no changes to our significant accounting policies as disclosed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2022 that had a significant impact on our condensed consolidated financial statements or notes thereto as of and for the three months ended August 31, 2022. Use of Estimates Our condensed consolidated financial statements are prepared in accordance with GAAP as set forth in the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification, and we consider various staff accounting bulletins and other applicable guidance issued by the SEC. These accounting principles require us to make certain estimates, judgments and assumptions. We believe that the estimates, judgments and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. To the extent that there are differences between these estimates, judgments or assumptions and actual results, our consolidated financial statements will be affected. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting among available alternatives would not produce a materially different result. During the first quarter of fiscal 2023, we completed an assessment of the useful lives of our servers and increased the estimate of the useful lives from four years to five years effective at the beginning of fiscal 2023. Based on the carrying value of our servers as of May 31, 2022, this change in accounting estimate decreased our total operating expenses by $131 million for the first quarter of fiscal 2023. Cash, Cash Equivalents and Restricted Cash Restricted cash that was included within cash and cash equivalents as presented within our condensed consolidated balance sheets as of August 31, 2022 and May 31, 2022 and our condensed consolidated statements of cash flows for the three months ended August 31, 2022 and 2021 was nominal. Remaining Performance Obligations from Contracts with Customers Trade receivables, net of allowance for credit losses, and deferred revenues are reported net of related uncollected deferred revenues in our condensed consolidated balance sheets as of August 31, 2022 and May 31, 2022. The revenues recognized during the three months ended August 31, 2022 and 2021, respectively, that were included in the opening deferred revenues balances as of May 31, 2022 and 2021, respectively, were approximately $3.5 billion and $3.7 billion, respectively. Revenues recognized from performance obligations satisfied in prior periods and impairment losses recognized on our receivables were immaterial in each of the three months ended August 31, 2022 and 2021. 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, 2022, were $60.7 billion as of August 31, 2022, approximately 49% of which we expect to recognize as revenues over the next twelve months, 34% over the subsequent month 13 to month 36, and the remainder thereafter. Sales of Financing Receivables We offer certain of our customers the option to acquire certain of our cloud and license, hardware and services offerings through separate long-term payment contracts. We generally sell these contracts that we have financed for our customers on a non-recourse basis to financial institutions within 90 days of the contracts’ dates of execution. We record the transfers of amounts due from customers to financial institutions as sales of financing receivables because we are considered to have surrendered control of these financing receivables. Financing receivables sold to financial institutions were $927 million and $656 million for the three months ended August 31, 2022 and 2021, respectively. Non-Marketable Investments Our non-marketable debt investments and equity securities and related instruments totaled $1.5 billion and $1.2 billion as of August 31, 2022 and May 31, 2022, respectively, and are included in other non-current assets in the accompanying consolidated balance sheets and are subject to periodic impairment reviews. Certain of these non-marketable equity securities and related instruments are adjusted for observable price changes from orderly transactions. The substantial majority of the non-marketable investments held as of these dates were with a related party entity for which we follow the equity method of accounting. We are also a counterparty to certain options to acquire additional equity interests in that entity at various times through 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. Three Months Ended August 31, (in millions) 2022 2021 Transitional and other employee related costs $ 17 $ 2 Business combination adjustments, net 5 3 Other, net 19 16 Total acquisition related and other expenses $ 41 $ 21 Non-Operating Expenses, net Non-operating expenses, net consists primarily of interest income, net foreign currency exchange losses, the noncontrolling interests in the net profits of our majority-owned subsidiaries (primarily Oracle Financial Services Software Limited and Oracle Corporation Japan), net losses related to equity investments including losses attributable to equity method investments and net other income and expenses, including net unrealized gains and losses from our investment portfolio related to our deferred compensation plan, and non-service net periodic pension income and losses. Three Months Ended August 31, (in millions) 2022 2021 Interest income $ 38 $ 20 Foreign currency losses, net (71 ) (35 ) Noncontrolling interests in income (38 ) (47 ) Losses from equity investments, net (86 ) (22 ) Other (losses) gains, net (23 ) 43 Total non-operating expenses, net $ (180 ) $ (41 ) Recent Accounting Pronouncements Financial Instruments In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU 2020-04) 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	3 Months Ended
ACQUISITIONS	Aug. 31, 2022
Business Combinations [Abstract]
ACQUISITIONS	2. ACQUISITIONS Acquisition of Cerner Corporation On December 20, 2021, we entered into an Agreement and Plan of Merger (Merger Agreement) with 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 dated January 19, 2022, and the related Letter of Transmittal. On June 8, 2022, pursuant to the terms of the tender offer and applicable Delaware law, we acquired all the outstanding Cerner shares and effectuated the merger of Cerner with and into a wholly-owned subsidiary of Oracle and Cerner became an indirect, wholly-owned subsidiary of Oracle. Vested equity awards outstanding immediately prior to the consummation of the merger were cancelled in exchange for the right to receive an amount in cash based on a formula contained in the Merger Agreement. The unvested equity awards to acquire Cerner common stock that were outstanding immediately prior to the conclusion of the merger were converted into equity awards denominated in shares of Oracle common stock based on formulas contained in the Merger Agreement. We have included the financial results of Cerner in our consolidated financial statements from the date of acquisition. For the first quarter of fiscal 2023, Cerner contributed $1.4 billion to our total revenues. The total preliminary purchase price for Cerner is approximately $28.2 billion, which consisted of approximately $28.2 billion in cash and $55 million for the fair values of restricted stock-based awards and stock options assumed. Pursuant to our business combinations accounting policy, we estimated the preliminary fair values of net tangible and intangible assets acquired, and the excess of the consideration transferred over the aggregate of such fair values was recorded as goodwill. The preliminary fair values of net tangible assets and intangible assets acquired were based on preliminary valuations, and our estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). The primary areas that remain preliminary relate to the fair values of intangible assets acquired, certain tangible assets and liabilities acquired, certain legal matters, income and non-income based taxes and residual goodwill. We expect to continue to obtain information to assist us in determining the fair values of the net assets acquired during the measurement period. The following table summarizes the estimated preliminary fair values of net tangible and intangible assets acquired from Cerner: (in millions) Cash and marketable securities $ 769 Trade receivables, net 885 Property, plant and equipment, net 1,514 Intangible assets 11,972 Goodwill 17,871 Other assets 840 Accounts payable and other liabilities (968 ) Deferred revenues (420 ) Senior notes and other borrowings (1,600 ) Deferred tax liabilities, net (2,638 ) Total $ 28,225 Of the $1.6 billion of senior notes and other borrowings assumed through our Cerner acquisition, $1.5 billion were paid on June 8, 2022. Refer to Note 5 below for more information. We do not expect the goodwill recognized as a part of our acquisition of Cerner to be deductible for income tax purposes. Other Fiscal 2023 and 2022 Acquisitions During the first quarter of fiscal 2023 and full year fiscal 2022, we acquired certain other companies and purchased certain technology and development assets primarily to expand our products and services offerings Unaudited Pro Forma Financial Information The unaudited pro forma financial information in the table below summarizes the combined results of operations for Oracle and Cerner. The unaudited pro forma financial information for all periods presented included the business combination accounting effects resulting from this acquisition, including amortization charges from acquired intangible assets (certain of which are preliminary), stock-based compensation charges for unvested restricted stock-based awards and stock options assumed and the related tax effects as though Cerner was combined as of the beginning of fiscal 2022. The unaudited pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal 2022. The unaudited pro forma financial information for the three months ended August 31, 2022 and 2021 combined the historical results of Oracle for the three months ended August 31, 2022 and 2021, respectively, the historical results of Cerner for the three months ended June 30, 2022 and 2021, respectively, (adjusted due to differences in reporting periods and considering the date we acquired Cerner) and the effects of the pro forma adjustments listed above. The unaudited pro forma financial information was as follows: Three Months Ended August 31, (in millions, except per share data) 2022 2021 Total revenues $ 11,556 $ 11,178 Net income $ 1,501 $ 1,852 Basic earnings per share $ 0.56 $ 0.67 Diluted earnings per share $ 0.55 $ 0.65

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Aug. 31, 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): August 31, 2022 May 31, 2022 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 $ 2,545 $ — $ 2,545 $ 12,842 $ — $ 12,842 Time deposits and other 197 438 635 240 280 520 Commercial paper debt securities — 167 167 — — — Derivative financial instruments — 17 17 — — — Total assets $ 2,742 $ 622 $ 3,364 $ 13,082 $ 280 $ 13,362 Liabilities: Derivative financial instruments $ — $ 166 $ 166 $ — $ 97 $ 97 Our marketable securities investments consist of money market funds, time deposits and certain other securities. Marketable securities as presented per our condensed consolidated balance sheets included debt securities with original maturities at the time of purchase greater than three months and the remainder of the debt securities were included in cash and cash equivalents. We classify our marketable debt securities as available-for-sale debt securities at the time of purchase and reevaluate such classification as of each balance sheet date. As of August 31, 2022 and May 31, 2022, 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 $91.6 billion and $75.9 billion of senior notes and other borrowings and the related fair value hedges that we had outstanding as of August 31, 2022 and May 31, 2022, respectively, the estimated fair values of the senior notes and other borrowings and the related fair value hedges using Level 2 inputs at August 31, 2022 and May 31, 2022 were $80.2 billion and $67.0 billion, respectively.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	3 Months Ended
INTANGIBLE ASSETS AND GOODWILL	Aug. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	4. INTANGIBLE ASSETS AND GOODWILL The changes in intangible assets for fiscal 2023 and the net book value of intangible assets as of August 31, 2022 and May 31, 2022 were as follows: Intangible Assets, Gross Accumulated Amortization Intangible Assets, Net Weighted Average Useful Life (2) (Dollars in millions) May 31, 2022 Additions & Adjustments, net (1) August 31, 2022 May 31, 2022 Expense August 31, 2022 May 31, 2022 August 31, 2022 Developed technology $ 3,966 $ 2,377 $ 6,343 $ (3,660 ) $ (233 ) $ (3,893 ) $ 306 $ 2,450 4 Cloud services and license support agreements and related relationships 5,260 4,319 9,579 (4,194 ) (385 ) (4,579 ) 1,066 5,000 7 Cloud license and on-premise license agreements and related relationships 356 2,437 2,793 (343 ) (108 ) (451 ) 13 2,342 7 Other 865 2,845 3,710 (810 ) (193 ) (1,003 ) 55 2,707 4 Total intangible assets, net $ 10,447 $ 11,978 $ 22,425 $ (9,007 ) $ (919 ) $ (9,926 ) $ 1,440 $ 12,499 (1) Amounts also included any changes in intangible asset balances for the periods presented that resulted from foreign currency translations. (2) Represents weighted-average useful lives (in years) of intangible assets acquired during fiscal 2023. As of August 31, 2022, estimated future amortization expenses related to intangible assets were as follows (in millions): Remainder of fiscal 2023 $ 2,753 Fiscal 2024 3,086 Fiscal 2025 2,105 Fiscal 2026 1,615 Fiscal 2027 664 Fiscal 2028 635 Thereafter 1,641 Total intangible assets, net $ 12,499 The changes in the carrying amounts of goodwill, net, which is generally not deductible for tax purposes, for our operating segments for the three months ended August 31, 2022 were as follows: (in millions) Cloud and License Hardware Services Total Goodwill, net Balances as of May 31, 2022 $ 39,938 $ 2,367 $ 1,506 $ 43,811 Goodwill from acquisitions 16,460 346 1,065 17,871 Goodwill adjustments, net (1) (42 ) — (11 ) (53 ) Balances as of August 31, 2022 $ 56,356 $ 2,713 $ 2,560 $ 61,629 (1) Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations.

NOTES PAYABLE AND OTHER BORROWI

NOTES PAYABLE AND OTHER BORROWINGS	3 Months Ended
NOTES PAYABLE AND OTHER BORROWINGS	Aug. 31, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE AND OTHER BORROWINGS	5. NOTES PAYABLE AND OTHER BORROWINGS The Delayed Draw Term Loan Credit Agreement On June 8, 2022, we borrowed $15.7 billion under a delayed draw term loan credit agreement (Bridge Credit Agreement) that we entered into in March 2022 to partly finance our acquisition of Cerner. The Bridge Credit Agreement provides that, subject to certain exceptions, net cash proceeds received by us from certain debt and equity issuances shall result in mandatory prepayments under the Bridge Credit Agreement. All amounts borrowed under the Bridge Credit Agreement will become due on March 7, 2023, unless settled earlier pursuant to the terms of the Bridge Credit Agreement. Interest is based on either (a) a Term Secured Overnight Financing Rate (SOFR)-based formula plus a margin of 100.0 basis points to 137.5 basis points, depending on the credit rating assigned to our long-term senior unsecured debt , or (b) a Base Rate formula plus a margin of 0.0 basis points to 37.5 basis points, depending on the same such credit rating, each as set forth in the Bridge Credit Agreement. The e ffective interest rate for the first quarter of fiscal 2023 was 2.76 %. Five-Year Term Loan Credit Agreement On August 16, 2022, we entered into a $4.4 billion term loan credit agreement (Term Loan Credit Agreement) which provides for a total term loan commitment of $4.4 billion, comprised of a $3.6 billion term loan (Term Loan 1 Facility) and a $790 million term loan (Term Loan 2 Facility and, together with the Term Loan 1 Facility, the Term Loan Facilities). The proceeds of the Term Loan Facilities may only be used to refinance indebtedness incurred under the Bridge Credit Agreement and to pay related fees and expenses. We may request additional commitments under the Term Loan Credit Agreement up to a maximum of $6.0 billion (each, an Incremental Borrowing). The use of proceeds of any Incremental Borrowing will be specified at the time of such borrowing and may include working capital purposes and other general corporate purposes. On August 16, 2022, we borrowed $4.4 billion under the Term Loan Facilities and used the net proceeds of such borrowing to reduce the amount of indebtedness outstanding under the Bridge Credit Agreement. The effective interest rate for the first quarter of fiscal 2023 was 4.00%. The Term Loan Credit Agreement provides for repayment of borrowings under the Term Loan Facilities as follows: • an amount equal to the amount borrowed reduced by any prepayments multiplied by 1.25% on September 30, 2024 and quarterly thereafter until June 30, 2026; • an amount equal to the amount borrowed reduced by any prepayments multiplied by 2.50% on September 30, 2026 and quarterly thereafter until June 30, 2027; and • any remaining unpaid principal balance under the Term Loan 1 Facility will become fully due and payable on August 16, 2027 and any remaining unpaid principal balance under the Term Loan 2 Facility will become fully due and payable on August 16, 2025 (subject to any extension of the Term Loan 2 Facility termination date, as set out below), unless the outstanding loans are prepaid earlier at the request of Oracle or accelerated by the lenders if an event of default occurs. The termination date of the Term Loan 2 Facility may be extended at our sole option by up to 2 years. The termination date of each Term Loan Facility may also be further extended at each lender’s option by up to 2 years. Interest is based on either (a) a Term SOFR-based formula plus a margin of 147.5 basis points to 197.5 basis points, depending on the credit rating assigned to our long-term senior unsecured debt, or (b) a Base Rate formula plus a margin of 47.5 basis points to 97.5 basis points, depending on the same such credit rating, each as set forth in the Term Loan Credit Agreement. The Term Loan Credit Agreement 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 Term Loan Credit Agreement) 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 Term Loan Credit Agreement is effective. If an event of default occurs under the Term Loan Credit Agreement and is not cured within the applicable grace period or waived, any unpaid amounts under the Term Loan Credit Agreement may be declared immediately due and payable. We were in compliance with such covenants as of August 31, 2022. The summary above does not purport to be complete and is qualified in its entirety by reference to the full text of the Term Loan Credit Agreement, which is filed as Exhibit 99.1 to this Quarterly Report on Form 10-Q. Cash Flow Hedge In August 2022, we entered into certain interest rate swap agreements to manage the related interest rate risk of the Term Loan Credit Agreement by effectively converting the floating-rate to fixed-rate. The economic effect of the swap agreements was to eliminate the uncertainty of the cash flows associated with floating-rate interest payments of the Term Loan Credit Agreement by a fixed annual interest rate of %, plus a margin depending on the credit rating assigned to our long-term senior unsecured debt as mentioned above. We have designated these interest rate swap agreements as qualifying hedging instruments and are accounting for these as cash flow hedges pursuant to ASC 815, Derivatives and Hedging . The fair values of these interest rate swap agreements are recognized either as non-current assets or non-current liabilities in our consolidated balance sheets. Changes in the fair values of these interest rate swap agreements are reported in accumulated other comprehensive loss in our consolidated balance sheets and an amount is reclassified out of accumulated other comprehensive loss into non-operating income or expense, net in the same period that We do not use any interest rate swap agreements for trading purposes. Cerner Senior Notes and Other Borrowings In connection with our acquisition of Cerner, we assumed: • $1.0 billion par value of legacy Cerner senior notes. The acquisition triggered a mandatory offer to prepay such senior notes in accordance with the terms of the underlying note purchase agreements. Holders of $931 million par value of senior notes exercised the option for prepayment, and accordingly, such notes together with accrued interest were redeemed on June 8, 2022; and • $600 million of principal amount of revolving credit loans. The entire loan along with accrued interest was settled and the credit facility was terminated on June 8, 2022. Commercial Paper Program and Commercial Paper Notes During the first quarter of fiscal 2023, our commercial paper program was increased to $6.0 billion. Our commercial paper program allows us to issue and sell unsecured short-term promissory notes pursuant to a private placement exemption from the registration requirements under federal and state securities laws pursuant to dealer agreements with various banks and an Issuing and Paying Agency Agreement with Deutsche Bank Trust Company Americas. As of August 31, 2022 and May 31, 2022, we did not have any outstanding commercial paper notes. There have been no other significant changes in our notes payable or other borrowing arrangements that were disclosed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2022.

RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES	3 Months Ended
RESTRUCTURING ACTIVITIES	Aug. 31, 2022
Restructuring And Related Activities [Abstract]
RESTRUCTURING ACTIVITIES	6 . 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). In the first quarter of fiscal 2023, our management supplemented the 2022 Restructuring Plan to reflect additional actions that we expect to take. The total estimated restructuring costs associated with the 2022 Restructuring Plan are up to $888 million and will be recorded to the restructuring expense line item within our condensed consolidated statements of operations as they are incurred. We recorded $146 million and $55 million of restructuring expenses in connection with the 2022 Restructuring Plan in the first three months of fiscal 2023 and 2022, respectively. We expect to incur the majority of the estimated remaining $519 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 Three Months Ended August 31, 2022 Accrued August 31, 2022 (2) Total Costs Accrued to Date Total Expected Program Costs (in millions) Accrued May 31, 2022 (2) Initial Costs (3) Adj. to Cost (4) Cash Payments Others (5) 2022 Restructuring Plan (1) Cloud and license $ 34 $ 73 $ (1 ) $ (52 ) $ (3 ) $ 51 $ 160 $ 544 Hardware 7 4 — (4 ) (1 ) 6 15 32 Services 9 8 — (6 ) (1 ) 10 24 29 Other 10 59 3 (34 ) (2 ) 36 170 283 Total 2022 Restructuring Plan $ 60 $ 144 $ 2 $ (96 ) $ (7 ) $ 103 $ 369 $ 888 Total other restructuring plans (6) $ 71 $ — $ (2 ) $ (8 ) $ (3 ) $ 58 Total restructuring plans $ 131 $ 144 $ — $ (104 ) $ (10 ) $ 161 (1) Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs. (2) As of August 31, 2022 and May 31, 2022, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed consolidated balance sheets. (3) Costs recorded for the respective restructuring plans during the period presented. (4) All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments. (5 ) Represents foreign currency translation and certain other non-cash adjustments. ( 6 ) 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	3 Months Ended
DEFERRED REVENUES	Aug. 31, 2022
Deferred Revenue Disclosure [Abstract]
DEFERRED REVENUES	7 . DEFERRED REVENUES Deferred revenues consisted of the following: (in millions) August 31, 2022 May 31, 2022 Cloud services and license support $ 9,382 $ 7,406 Hardware 589 555 Services 453 360 Cloud license and on-premise license 49 36 Deferred revenues, current 10,473 8,357 Deferred revenues, non-current (in other non-current liabilities) 788 753 Total deferred revenues $ 11,261 $ 9,110 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

STOCKHOLDERS' DEFICIT	3 Months Ended
STOCKHOLDERS' DEFICIT	Aug. 31, 2022
Stockholders Equity Note [Abstract]
STOCKHOLDERS' DEFICIT	8 . STOCKHOLDERS’ DEFICIT Common Stock Repurchases Our Board of Directors has approved a program for us to repurchase shares of our common stock. As of August 31, 2022, approximately $8.9 billion remained available for stock repurchases pursuant to our stock repurchase program. We repurchased 7.5 million shares for $559 million during the three months ended August 31, 2022 (including 0.3 million shares for $26 million that were repurchased but not settled) and 94.0 million shares for $8.0 billion during the three months ended August 31, 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. Dividends on Common Stock In September 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 October 25, 2022 to stockholders of record as of the close of business on October 12, 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 2023 Stock‑Based Awards Activity and Compensation Expense During the first quarter of fiscal 2023, we issued 6 million restricted stock-based units (RSUs) and assumed 5 million RSUs in connection with our acquisition of Cerner, all of which are subject to service-based vesting restrictions. These fiscal 2023 stock-based award issuances were partially offset by stock-based award forfeitures and cancellations of 3 million shares during the first quarter of fiscal 2023 . The RSUs that were granted during the three months ended August 31, 2022 have similar vesting restrictions and contractual lives and were valued using methodologies of a similar nature as those described in Note 12 of Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2022. Stock-based compensation expense is included in the following operating expense line items in our condensed consolidated statements of operations: Three Months Ended August 31, (in millions) 2022 2021 Cloud services and license support $ 91 $ 40 Hardware 4 3 Services 25 14 Sales and marketing 124 95 Research and development 422 344 General and administrative 84 49 Total stock-based compensation $ 750 $ 545

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Aug. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	9 . INCOME TAXES Our effective tax rates for each of the periods presented are the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. Our provision for income taxes varied from the tax computed at the U.S. federal statutory income tax rate for the periods presented primarily due to earnings in foreign operations, state taxes, the U.S. research and development tax credit, settlements with tax authorities, the tax effects of stock-based compensation, the Foreign Derived Intangible Income deduction and the tax effect of Global Intangible Low-Taxed Income. Our effective tax rates were 6.5% and 8.4% for the three months ended August 31, 2022 and 2021, respectively. Our net deferred tax assets were $4.4 billion and $6.8 billion as of August 31, 2022 and May 31, 2022, respectively. We believe that it is more likely than not that the net deferred tax assets will be realized in the foreseeable future. Realization of our net deferred tax assets is dependent upon our generation of sufficient taxable income in future years in appropriate tax jurisdictions to obtain benefit from the reversal of temporary differences, net operating loss carryforwards and tax credit carryforwards. The amount of net deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income change. Domestically, U.S. federal and state taxing authorities are currently examining income tax returns of Oracle and various acquired entities for years through fiscal 2021. Our U.S. federal income tax returns have been examined for all years prior to fiscal 2011 and, with some exceptions, we are no longer subject to audit for those periods. Our U.S. state income tax returns, with some exceptions, have been examined for all years prior to fiscal 2007, and we are no longer subject to audit for those periods. Internationally, tax authorities for numerous non-U.S. jurisdictions are also examining or have examined returns of Oracle and various acquired entities for years through fiscal 2022. Many of the relevant tax years are at an advanced stage in examination or subsequent controversy resolution processes. With some exceptions, we are generally no longer subject to tax examinations in non-U.S. jurisdictions for years prior to fiscal 2001. We are under audit by the IRS and various other domestic and foreign tax authorities with regards to income tax and indirect tax matters and are involved in various challenges and litigation in a number of countries, including, in particular, Australia, Brazil, Canada, India, Indonesia, Israel, Italy, Mexico, New Zealand, Pakistan, Saudi Arabia, South Korea and Spain, where the amounts under controversy are significant . In some, although not all, cases, we have reserved for potential adjustments to our provision for income taxes and accrual of indirect taxes that may result from examinations by, or any negotiated agreements with, these tax authorities or final outcomes in judicial proceedings, and we believe that the final outcome of these examinations, agreements or judicial proceedings will not have a material effect on our results of operations. If events occur which indicate payment of these amounts is unnecessary, the reversal of the liabilities would result in the recognition of benefits in the period we determine the liabilities are no longer necessary. If our estimates of the federal, state, and foreign income tax liabilities and indirect tax liabilities are less than the ultimate assessment, it could result in a further charge to expense . We believe that we have adequately provided under GAAP for outcomes related to our tax audits. However, there can be no assurances as to the possible outcomes or any related financial statement effect thereof.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
SEGMENT INFORMATION	Aug. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	10 . 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 August 31, (in millions) 2022 2021 Cloud and license: Revenues $ 9,321 $ 8,184 Cloud services and license support expenses 1,620 1,153 Sales and marketing expenses 1,930 1,626 Margin (1) $ 5,771 $ 5,405 Hardware: Revenues $ 763 $ 763 Hardware products and support expenses 243 238 Sales and marketing expenses 79 89 Margin (1) $ 441 $ 436 Services: Revenues $ 1,361 $ 781 Services expenses 1,007 609 Margin (1) $ 354 $ 172 Totals: Revenues $ 11,445 $ 9,728 Expenses 4,879 3,715 Margin (1) $ 6,566 $ 6,013 ( 1 ) The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of research and development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other non-operating expenses, net. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our condensed consolidated statements of operations. The following table reconciles total operating segment margin to income before income taxes: Three Months Ended August 31, (in millions) 2022 2021 Total margin for operating segments $ 6,566 $ 6,013 Research and development (2,093 ) (1,684 ) General and administrative (411 ) (298 ) Amortization of intangible assets (919 ) (303 ) Acquisition related and other (41 ) (21 ) Restructuring (144 ) (38 ) Stock-based compensation for operating segments (244 ) (152 ) Expense allocations and other, net (91 ) (90 ) Interest expense (787 ) (705 ) Non-operating expenses, net (180 ) (41 ) Income before income taxes $ 1,656 $ 2,681 Disaggregation of Revenues We have considered information that is regularly reviewed by our CODMs in evaluating financial performance, and disclosures presented outside of our financial statements in our earnings releases and used in investor presentations to disaggregate revenues to depict how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. The principal category we use to disaggregate revenues is the nature of our products and services as presented in our condensed consolidated statements of operations. The following table is a summary of our total revenues by geographic region: Three Months Ended August 31, (in millions) 2022 2021 Americas $ 7,192 $ 5,321 EMEA (1) 2,691 2,784 Asia Pacific 1,562 1,623 Total revenues $ 11,445 $ 9,728 (1) Comprised of Europe, the Middle East and Africa The following table presents our cloud services and license support revenues by offerings: Three Months Ended August 31, (in millions) 2022 2021 Cloud services $ 3,579 $ 2,461 License support 4,838 4,910 Total cloud services and license support revenues $ 8,417 $ 7,371 The following table presents our cloud services and license support revenues by applications and infrastructure ecosystems: Three Months Ended August 31, (in millions) 2022 2021 Applications cloud services and license support $ 4,016 $ 3,041 Infrastructure cloud services and license support 4,401 4,330 Total cloud services and license support revenues $ 8,417 $ 7,371

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Aug. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	1 1 . 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 August 31, (in millions, except per share data) 2022 2021 Net income $ 1,548 $ 2,457 Weighted average common shares outstanding 2,685 2,769 Dilutive effect of employee stock plans 62 92 Dilutive weighted average common shares outstanding 2,747 2,861 Basic earnings per share $ 0.58 $ 0.89 Diluted earnings per share $ 0.56 $ 0.86 Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation (1) 71 30 (1) These weighted shares relate to anti-dilutive restricted service based stock-based awards as calculated using the treasury stock method and contingently issuable shares pursuant to PSO arrangements. Such shares could be dilutive in the future.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	3 Months Ended
LEGAL PROCEEDINGS	Aug. 31, 2022
Legal Proceedings [Abstract]
LEGAL PROCEEDINGS	1 2 . LEGAL PROCEEDINGS Derivative Litigation Concerning Oracle’s NetSuite Acquisition On May 3 and July 18, 2017, two alleged stockholders filed separate derivative lawsuits in the Court of Chancery of the State of Delaware, purportedly on Oracle’s behalf. Thereafter, the court consolidated the two derivative cases and designated the July 18, 2017 complaint as the operative complaint. The consolidated lawsuit was brought against all the then-current members and one former member of our Board of Directors, and Oracle as a nominal defendant. Plaintiff alleged that the defendants breached their fiduciary duties by causing Oracle to agree to purchase NetSuite Inc. (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 (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. On December 23, 2021, the Board member defendant brought a motion for summary judgment, and on May 20, 2022, the court granted this motion in part and denied this motion in part. This Board member remains a defendant in this case. Trial commenced on July 18, 2022, and has concluded. The parties are engaging in post-trial briefing, and a final hearing on that briefing is scheduled for November 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. On October 8, 2021, plaintiffs filed a motion for class certification, which the court granted on May 9, 2022. On May 23, 2022, defendants filed a petition in the Ninth Circuit Court of Appeals for permission to appeal the court’s order granting class certification, and plaintiffs filed an opposition on June 2, 2022. On June 3, 2022, the District Court “So Ordered” a stipulation by the parties, which vacated all dates in this case because the parties had reached an agreement to settle this action, subject to the court’s approval. On June 8, 2022, the Ninth Circuit Court of Appeals granted defendants’ unopposed motion to stay the petition for permission to appeal in light of the proposed settlement. On September 15, 2022, the District Court is scheduled to hear plaintiffs’ motion for preliminary approval of the proposed settlement, which proposes that the Company pay $ 17,500,000 to settle this matter. This sum includes all fees and costs. 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. The parties are scheduled to participate in a mediation on October 14, 2022. On September 9, 2022, the District Court “So Ordered” a stipulation extending the stay in this case until October 28, 2022. While Oracle continues to evaluate these claims, we do not believe these matters will have a material impact on our financial position or results of operations. Other Litigation We are party to various other legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business, including proceedings and claims that relate to acquisitions we have completed or to companies we have acquired or are attempting to acquire. While the outcome of these matters cannot be predicted with certainty, we do not believe that the outcome of any of these matters, individually or in the aggregate, will result in losses that are materially in excess of amounts already recognized, if any.

BASIS OF PRESENTATION, RECENT_2

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER (Policies)	3 Months Ended
	Aug. 31, 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, 2022. On June 8, 2022, we completed our acquisition of Cerner Corporation (Cerner), a provider of digital information systems used within hospitals and health systems, by means of a merger of one of our wholly owned subsidiaries with and into Cerner such that Cerner became an indirect, wholly owned subsidiary of Oracle. Through our acquisition of Cerner, we enhanced our offerings of each of our three existing businesses, cloud and license, hardware and services. The condensed consolidated financial statements included in this Quarterly Report include the financial results of Cerner prospectively from the date of acquisition. Refer to Note 2 below for additional details regarding our acquisition of Cerner. 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, 2023. There have been no changes to our significant accounting policies as disclosed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2022 that had a significant impact on our condensed consolidated financial statements or notes thereto as of and for the three months ended August 31, 2022.
Use of Estimates	Use of Estimates Our condensed consolidated financial statements are prepared in accordance with GAAP as set forth in the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification, and we consider various staff accounting bulletins and other applicable guidance issued by the SEC. These accounting principles require us to make certain estimates, judgments and assumptions. We believe that the estimates, judgments and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. To the extent that there are differences between these estimates, judgments or assumptions and actual results, our consolidated financial statements will be affected. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting among available alternatives would not produce a materially different result. During the first quarter of fiscal 2023, we completed an assessment of the useful lives of our servers and increased the estimate of the useful lives from four years to five years effective at the beginning of fiscal 2023. Based on the carrying value of our servers as of May 31, 2022, this change in accounting estimate decreased our total operating expenses by $131 million for the first quarter of fiscal 2023.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Restricted cash that was included within cash and cash equivalents as presented within our condensed consolidated balance sheets as of August 31, 2022 and May 31, 2022 and our condensed consolidated statements of cash flows for the three months ended August 31, 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 credit losses, and deferred revenues are reported net of related uncollected deferred revenues in our condensed consolidated balance sheets as of August 31, 2022 and May 31, 2022. The revenues recognized during the three months ended August 31, 2022 and 2021, respectively, that were included in the opening deferred revenues balances as of May 31, 2022 and 2021, respectively, were approximately $3.5 billion and $3.7 billion, respectively. Revenues recognized from performance obligations satisfied in prior periods and impairment losses recognized on our receivables were immaterial in each of the three months ended August 31, 2022 and 2021. 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, 2022, were $60.7 billion as of August 31, 2022, approximately 49% of which we expect to recognize as revenues over the next twelve months, 34% over the subsequent month 13 to month 36, and the remainder thereafter.
Sales of Financing Receivables	Sales of Financing Receivables We offer certain of our customers the option to acquire certain of our cloud and license, hardware and services offerings through separate long-term payment contracts. We generally sell these contracts that we have financed for our customers on a non-recourse basis to financial institutions within 90 days of the contracts’ dates of execution. We record the transfers of amounts due from customers to financial institutions as sales of financing receivables because we are considered to have surrendered control of these financing receivables. Financing receivables sold to financial institutions were $927 million and $656 million for the three months ended August 31, 2022 and 2021, respectively.
Non-Marketable Investments	Non-Marketable Investments Our non-marketable debt investments and equity securities and related instruments totaled $1.5 billion and $1.2 billion as of August 31, 2022 and May 31, 2022, respectively, and are included in other non-current assets in the accompanying consolidated balance sheets and are subject to periodic impairment reviews. Certain of these non-marketable equity securities and related instruments are adjusted for observable price changes from orderly transactions. The substantial majority of the non-marketable investments held as of these dates were with a related party entity for which we follow the equity method of accounting. We are also a counterparty to certain options to acquire additional equity interests in that entity at various times through 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. Three Months Ended August 31, (in millions) 2022 2021 Transitional and other employee related costs $ 17 $ 2 Business combination adjustments, net 5 3 Other, net 19 16 Total acquisition related and other expenses $ 41 $ 21
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), net losses related to equity investments including losses attributable to equity method investments and net other income and expenses, including net unrealized gains and losses from our investment portfolio related to our deferred compensation plan, and non-service net periodic pension income and losses. Three Months Ended August 31, (in millions) 2022 2021 Interest income $ 38 $ 20 Foreign currency losses, net (71 ) (35 ) Noncontrolling interests in income (38 ) (47 ) Losses from equity investments, net (86 ) (22 ) Other (losses) gains, net (23 ) 43 Total non-operating expenses, net $ (180 ) $ (41 )
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Instruments In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU 2020-04) 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)	3 Months Ended
	Aug. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Acquisition Related and Other Expenses	Three Months Ended August 31, (in millions) 2022 2021 Transitional and other employee related costs $ 17 $ 2 Business combination adjustments, net 5 3 Other, net 19 16 Total acquisition related and other expenses $ 41 $ 21
Non-Operating Expenses, net	Three Months Ended August 31, (in millions) 2022 2021 Interest income $ 38 $ 20 Foreign currency losses, net (71 ) (35 ) Noncontrolling interests in income (38 ) (47 ) Losses from equity investments, net (86 ) (22 ) Other (losses) gains, net (23 ) 43 Total non-operating expenses, net $ (180 ) $ (41 )

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
ACQUISITIONS (Tables)	Aug. 31, 2022
Business Combinations [Abstract]
Fair Values of Net Assets Acquired from Cerner	(in millions) Cash and marketable securities $ 769 Trade receivables, net 885 Property, plant and equipment, net 1,514 Intangible assets 11,972 Goodwill 17,871 Other assets 840 Accounts payable and other liabilities (968 ) Deferred revenues (420 ) Senior notes and other borrowings (1,600 ) Deferred tax liabilities, net (2,638 ) Total $ 28,225
Unaudited Pro Forma Financial Information	Three Months Ended August 31, (in millions, except per share data) 2022 2021 Total revenues $ 11,556 $ 11,178 Net income $ 1,501 $ 1,852 Basic earnings per share $ 0.56 $ 0.67 Diluted earnings per share $ 0.55 $ 0.65

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Aug. 31, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	August 31, 2022 May 31, 2022 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 $ 2,545 $ — $ 2,545 $ 12,842 $ — $ 12,842 Time deposits and other 197 438 635 240 280 520 Commercial paper debt securities — 167 167 — — — Derivative financial instruments — 17 17 — — — Total assets $ 2,742 $ 622 $ 3,364 $ 13,082 $ 280 $ 13,362 Liabilities: Derivative financial instruments $ — $ 166 $ 166 $ — $ 97 $ 97

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	3 Months Ended
INTANGIBLE ASSETS AND GOODWILL (Tables)	Aug. 31, 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, 2022 Additions & Adjustments, net (1) August 31, 2022 May 31, 2022 Expense August 31, 2022 May 31, 2022 August 31, 2022 Developed technology $ 3,966 $ 2,377 $ 6,343 $ (3,660 ) $ (233 ) $ (3,893 ) $ 306 $ 2,450 4 Cloud services and license support agreements and related relationships 5,260 4,319 9,579 (4,194 ) (385 ) (4,579 ) 1,066 5,000 7 Cloud license and on-premise license agreements and related relationships 356 2,437 2,793 (343 ) (108 ) (451 ) 13 2,342 7 Other 865 2,845 3,710 (810 ) (193 ) (1,003 ) 55 2,707 4 Total intangible assets, net $ 10,447 $ 11,978 $ 22,425 $ (9,007 ) $ (919 ) $ (9,926 ) $ 1,440 $ 12,499 (1) Amounts also included any changes in intangible asset balances for the periods presented that resulted from foreign currency translations. (2) Represents weighted-average useful lives (in years) of intangible assets acquired during fiscal 2023.
Estimated Future Amortization Expenses Related to Intangible Assets	Remainder of fiscal 2023 $ 2,753 Fiscal 2024 3,086 Fiscal 2025 2,105 Fiscal 2026 1,615 Fiscal 2027 664 Fiscal 2028 635 Thereafter 1,641 Total intangible assets, net $ 12,499
Goodwill	(in millions) Cloud and License Hardware Services Total Goodwill, net Balances as of May 31, 2022 $ 39,938 $ 2,367 $ 1,506 $ 43,811 Goodwill from acquisitions 16,460 346 1,065 17,871 Goodwill adjustments, net (1) (42 ) — (11 ) (53 ) Balances as of August 31, 2022 $ 56,356 $ 2,713 $ 2,560 $ 61,629 (1) Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations.

RESTRUCTURING ACTIVITIES (Table

RESTRUCTURING ACTIVITIES (Tables)	3 Months Ended
RESTRUCTURING ACTIVITIES (Tables)	Aug. 31, 2022
Restructuring And Related Activities [Abstract]
Summary of All Plans	Three Months Ended August 31, 2022 Accrued August 31, 2022 (2) Total Costs Accrued to Date Total Expected Program Costs (in millions) Accrued May 31, 2022 (2) Initial Costs (3) Adj. to Cost (4) Cash Payments Others (5) 2022 Restructuring Plan (1) Cloud and license $ 34 $ 73 $ (1 ) $ (52 ) $ (3 ) $ 51 $ 160 $ 544 Hardware 7 4 — (4 ) (1 ) 6 15 32 Services 9 8 — (6 ) (1 ) 10 24 29 Other 10 59 3 (34 ) (2 ) 36 170 283 Total 2022 Restructuring Plan $ 60 $ 144 $ 2 $ (96 ) $ (7 ) $ 103 $ 369 $ 888 Total other restructuring plans (6) $ 71 $ — $ (2 ) $ (8 ) $ (3 ) $ 58 Total restructuring plans $ 131 $ 144 $ — $ (104 ) $ (10 ) $ 161 (1) Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs. (2) As of August 31, 2022 and May 31, 2022, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed consolidated balance sheets. (3) Costs recorded for the respective restructuring plans during the period presented. (4) All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments. (5 ) Represents foreign currency translation and certain other non-cash adjustments. ( 6 ) 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)	3 Months Ended
DEFERRED REVENUES (Tables)	Aug. 31, 2022
Deferred Revenue Disclosure [Abstract]
Deferred Revenues	(in millions) August 31, 2022 May 31, 2022 Cloud services and license support $ 9,382 $ 7,406 Hardware 589 555 Services 453 360 Cloud license and on-premise license 49 36 Deferred revenues, current 10,473 8,357 Deferred revenues, non-current (in other non-current liabilities) 788 753 Total deferred revenues $ 11,261 $ 9,110

STOCKHOLDERS' DEFICIT (Tables)

STOCKHOLDERS' DEFICIT (Tables)	3 Months Ended
STOCKHOLDERS' DEFICIT (Tables)	Aug. 31, 2022
Stockholders Equity Note [Abstract]
Stock-Based Compensation Expense	Three Months Ended August 31, (in millions) 2022 2021 Cloud services and license support $ 91 $ 40 Hardware 4 3 Services 25 14 Sales and marketing 124 95 Research and development 422 344 General and administrative 84 49 Total stock-based compensation $ 750 $ 545

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
SEGMENT INFORMATION (Tables)	Aug. 31, 2022
Segment Reporting [Abstract]
Summary of Businesses Results	Three Months Ended August 31, (in millions) 2022 2021 Cloud and license: Revenues $ 9,321 $ 8,184 Cloud services and license support expenses 1,620 1,153 Sales and marketing expenses 1,930 1,626 Margin (1) $ 5,771 $ 5,405 Hardware: Revenues $ 763 $ 763 Hardware products and support expenses 243 238 Sales and marketing expenses 79 89 Margin (1) $ 441 $ 436 Services: Revenues $ 1,361 $ 781 Services expenses 1,007 609 Margin (1) $ 354 $ 172 Totals: Revenues $ 11,445 $ 9,728 Expenses 4,879 3,715 Margin (1) $ 6,566 $ 6,013 ( 1 ) The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of research and development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other non-operating expenses, net. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our condensed consolidated statements of operations.
Reconciliation of Total Operating Segment Margin to Income before Income Taxes	Three Months Ended August 31, (in millions) 2022 2021 Total margin for operating segments $ 6,566 $ 6,013 Research and development (2,093 ) (1,684 ) General and administrative (411 ) (298 ) Amortization of intangible assets (919 ) (303 ) Acquisition related and other (41 ) (21 ) Restructuring (144 ) (38 ) Stock-based compensation for operating segments (244 ) (152 ) Expense allocations and other, net (91 ) (90 ) Interest expense (787 ) (705 ) Non-operating expenses, net (180 ) (41 ) Income before income taxes $ 1,656 $ 2,681
Disaggregation of Revenue by Geography and Ecosystem	Three Months Ended August 31, (in millions) 2022 2021 Americas $ 7,192 $ 5,321 EMEA (1) 2,691 2,784 Asia Pacific 1,562 1,623 Total revenues $ 11,445 $ 9,728 (1) Comprised of Europe, the Middle East and Africa Three Months Ended August 31, (in millions) 2022 2021 Cloud services $ 3,579 $ 2,461 License support 4,838 4,910 Total cloud services and license support revenues $ 8,417 $ 7,371 Three Months Ended August 31, (in millions) 2022 2021 Applications cloud services and license support $ 4,016 $ 3,041 Infrastructure cloud services and license support 4,401 4,330 Total cloud services and license support revenues $ 8,417 $ 7,371

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Aug. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Three Months Ended August 31, (in millions, except per share data) 2022 2021 Net income $ 1,548 $ 2,457 Weighted average common shares outstanding 2,685 2,769 Dilutive effect of employee stock plans 62 92 Dilutive weighted average common shares outstanding 2,747 2,861 Basic earnings per share $ 0.58 $ 0.89 Diluted earnings per share $ 0.56 $ 0.86 Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation (1) 71 30 (1) These weighted shares relate to anti-dilutive restricted service based stock-based awards as calculated using the treasury stock method and contingently issuable shares pursuant to PSO arrangements. Such shares could be dilutive in the future.

BASIS OF PRESENTATION, RECENT_4

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER Narrative (Details) $ in Millions		3 Months Ended
	Jun. 08, 2022 Subsidiary	Aug. 31, 2022 USD ($) Business	Aug. 31, 2021 USD ($)
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Number of owned wholly subsidiaries \| Subsidiary	1
Number of businesses \| Business		3
Decrease in total operating expense due to change in accounting estimate		$ 131
Contract with Customer, Asset and Liability [Abstract]
Revenues recognized included in opening deferred revenues balances		3,500	$ 3,700
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, amount		60,700
Sales of Financing Receivables [Abstract]
Sales of financing receivables		$ 927	$ 656
Servers [Member] \| Minimum [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Useful life of asset		4 years
Servers [Member] \| Maximum [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Useful life of asset		5 years

BASIS OF PRESENTATION, RECENT_5

BASIS OF PRESENTATION, RECENT ACCOUNTING PRONOUNCEMENTS AND OTHER Narrative (Details1)	Aug. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-09-01
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, percentage	49%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-09-01
Revenue, Performance Obligation [Abstract]
Remaining performance obligation, percentage	34%
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
	Aug. 31, 2022	Aug. 31, 2021	May 31, 2022
Equity Securities, FV-NI and without Readily Determinable Fair Value [Abstract]
Non-marketable debt investments and equity securities and related instruments	$ 1,500		$ 1,200
Acquisition Related and Other Expenses [Abstract]
Transitional and other employee related costs	17	$ 2
Business combination adjustments, net	5	3
Other, net	19	16
Total acquisition related and other expenses	41	21
Non-Operating Expenses, net [Abstract]
Interest income	38	20
Foreign currency losses, net	(71)	(35)
Noncontrolling interests in income	(38)	(47)
Losses from equity investments, net	(86)	(22)
Other (losses) gains, net	(23)	43
Total non-operating expenses, net	$ (180)	$ (41)

ACQUISITIONS Narrative (Details

ACQUISITIONS Narrative (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended
	Jun. 08, 2022	Jan. 19, 2022	Aug. 31, 2022	Aug. 31, 2021
Business Acquisition [Line Items]
Total revenues			$ 11,445	$ 9,728
Fair values of restricted stock-based awards and stock options assumed			55	$ 0
Business combination, senior notes and other borrowings assumed	$ 1,600
Business combination, assumed senior notes and other borrowings, repaid	1,500
Cerner Corporation [Member]
Business Acquisition [Line Items]
Merger agreement date		Jan. 19, 2022
Total revenues			$ 1,400
Total preliminary purchase price	28,225
Preliminary purchase price, in cash	28,200
Fair values of restricted stock-based awards and stock options assumed	55
Business combination, senior notes and other borrowings assumed	$ 1,600
Common Stock [Member] \| Cerner Corporation [Member]
Business Acquisition [Line Items]
Tender offer purchase share price		$ 95

FAIR VALUES OF NET ASSETS ACQUI

FAIR VALUES OF NET ASSETS ACQUIRED FROM CERNER (Details) - USD ($) $ in Millions	Jun. 08, 2022	Aug. 31, 2022	May 31, 2022
Business Acquisition [Line Items]
Goodwill		$ 61,629	$ 43,811
Senior notes and other borrowings	$ (1,600)
Cerner Corporation [Member]
Business Acquisition [Line Items]
Cash and marketable securities	769
Trade receivables, net	885
Property, plant and equipment, net	1,514
Intangible assets	11,972
Goodwill	17,871
Other assets	840
Accounts payable and other liabilities	(968)
Deferred revenues	(420)
Senior notes and other borrowings	(1,600)
Deferred tax liabilities, net	(2,638)
Total preliminary purchase price	$ 28,225

ACQUISITIONS - UNAUDITED PRO FO

ACQUISITIONS - UNAUDITED PRO FORMA FINANCIAL INFORMATION (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Acquisitions Proforma [Abstract]
Total revenues	$ 11,556	$ 11,178
Net income	$ 1,501	$ 1,852
Basic earnings per share	$ 0.56	$ 0.67
Diluted earnings per share	$ 0.55	$ 0.65

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Aug. 31, 2022	May 31, 2022
Assets [Abstract]
Derivative financial instruments	$ 17	$ 0
Total assets	3,364	13,362
Liabilities [Abstract]
Derivative financial instruments	166	97
Money Market Funds [Member]
Assets [Abstract]
Investments and cash and cash equivalents	2,545	12,842
Time Deposits and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	635	520
Commercial Paper Debt Securities [Member]
Assets [Abstract]
Investments and cash and cash equivalents	167	0
Fair Value Measurements Using Input Types Level 1 [Member]
Assets [Abstract]
Derivative financial instruments	0	0
Total assets	2,742	13,082
Liabilities [Abstract]
Derivative financial instruments	0	0
Fair Value Measurements Using Input Types Level 1 [Member] \| Money Market Funds [Member]
Assets [Abstract]
Investments and cash and cash equivalents	2,545	12,842
Fair Value Measurements Using Input Types Level 1 [Member] \| Time Deposits and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	197	240
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 2 [Member]
Assets [Abstract]
Derivative financial instruments	17	0
Total assets	622	280
Liabilities [Abstract]
Derivative financial instruments	166	97
Fair Value Measurements Using Input Types Level 2 [Member] \| Money Market Funds [Member]
Assets [Abstract]
Investments and cash and cash equivalents	0	0
Fair Value Measurements Using Input Types Level 2 [Member] \| Time Deposits and Other [Member]
Assets [Abstract]
Investments and cash and cash equivalents	438	280
Fair Value Measurements Using Input Types Level 2 [Member] \| Commercial Paper Debt Securities [Member]
Assets [Abstract]
Investments and cash and cash equivalents	$ 167	$ 0

FAIR VALUE MEASUREMENTS Narrati

FAIR VALUE MEASUREMENTS Narrative (Details) - Senior Notes and Other Borrowings [Member] - USD ($) $ in Billions	Aug. 31, 2022	May 31, 2022
Marketable security investments maturity information [Abstract]
Total debt, carrying value	$ 91.6	$ 75.9
Fair Value Measurements Using Input Types Level 2 [Member]
Marketable security investments maturity information [Abstract]
Total debt, fair value	$ 80.2	$ 67

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Millions		3 Months Ended
INTANGIBLE ASSETS (Details) - USD ($) $ in Millions		Aug. 31, 2022	Aug. 31, 2021	May 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		$ 22,425		$ 10,447
Additions & Adjustments, net	[1]	11,978
Accumulated Amortization,		(9,926)		(9,007)
Expense		(919)	$ (303)
Intangible Assets, Net		12,499		1,440
Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		6,343		3,966
Additions & Adjustments, net	[1]	2,377
Accumulated Amortization,		(3,893)		(3,660)
Expense		(233)
Intangible Assets, Net		$ 2,450		306
Weighted Average Useful Life	[2]	4 years
Cloud services and license support agreements and related relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		$ 9,579		5,260
Additions & Adjustments, net	[1]	4,319
Accumulated Amortization,		(4,579)		(4,194)
Expense		(385)
Intangible Assets, Net		$ 5,000		1,066
Weighted Average Useful Life	[2]	7 years
Cloud license and on premise license agreements and related relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		$ 2,793		356
Additions & Adjustments, net	[1]	2,437
Accumulated Amortization,		(451)		(343)
Expense		(108)
Intangible Assets, Net		$ 2,342		13
Weighted Average Useful Life	[2]	7 years
Other [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		$ 3,710		865
Additions & Adjustments, net	[1]	2,845
Accumulated Amortization,		(1,003)		(810)
Expense		(193)
Intangible Assets, Net		$ 2,707		$ 55
Weighted Average Useful Life	[2]	4 years

[1] Amounts also included any changes in intangible asset balances for the periods presented that resulted from foreign currency translations. Represents weighted-average useful lives (in years) of intangible assets acquired during fiscal 2023.

INTANGIBLE ASSETS AMORTIZATION

INTANGIBLE ASSETS AMORTIZATION (Details) - USD ($) $ in Millions	Aug. 31, 2022	May 31, 2022
Finite lived intangible assets future amortization expense [Abstract]
Remainder of fiscal 2023	$ 2,753
Fiscal 2024	3,086
Fiscal 2025	2,105
Fiscal 2026	1,615
Fiscal 2027	664
Fiscal 2028	635
Thereafter	1,641
Intangible Assets, Net	$ 12,499	$ 1,440

GOODWILL (Details)

GOODWILL (Details) $ in Millions	3 Months Ended
GOODWILL (Details) $ in Millions	Aug. 31, 2022 USD ($)
Goodwill [Line Items]
Balances at period start	$ 43,811
Goodwill from acquisitions	17,871
Goodwill adjustments, net	(53)	[1]
Balances at period end	61,629
Cloud and License [Member]
Goodwill [Line Items]
Balances at period start	39,938
Goodwill from acquisitions	16,460
Goodwill adjustments, net	(42)	[1]
Balances at period end	56,356
Hardware [Member]
Goodwill [Line Items]
Balances at period start	2,367
Goodwill from acquisitions	346
Goodwill adjustments, net	0	[1]
Balances at period end	2,713
Services [Member]
Goodwill [Line Items]
Balances at period start	1,506
Goodwill from acquisitions	1,065
Goodwill adjustments, net	(11)	[1]
Balances at period end	$ 2,560

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

NOTES PAYABLE AND OTHER BORRO_2

NOTES PAYABLE AND OTHER BORROWINGS Narrative (Details) - USD ($)	Aug. 16, 2022	Jun. 08, 2022	Aug. 31, 2022
Debt Instrument [Line Items]
Business combination, senior notes and other borrowings assumed		$ 1,600,000,000
Business combination, assumed senior notes and other borrowings, repaid		1,500,000,000
Cerner Corporation [Member]
Debt Instrument [Line Items]
Business combination, senior notes and other borrowings assumed		1,000,000,000
Cerner Corporation [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Business combination, assumed senior notes and other borrowings, repaid		931,000,000
Cerner Corporation [Member] \| Revolving Credit Loans [Member]
Debt Instrument [Line Items]
Business combination, assumed senior notes and other borrowings, repaid		600,000,000
Bridge Credit Agreement [Member]
Debt Instrument [Line Items]
Revolving credit facility		$ 15,700,000,000
Revolving credit facility, expiration date		Mar. 07, 2023
Effective interest rate			2.76%
Bridge Credit Agreement [Member] \| Minimum [Member] \| SOFR [Member]
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate		1%
Bridge Credit Agreement [Member] \| Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate		0%
Bridge Credit Agreement [Member] \| Maximum [Member] \| SOFR [Member]
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate		1.375%
Bridge Credit Agreement [Member] \| Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate		0.375%
Term Loan Credit Agreement [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 4,400,000,000
Effective interest rate			4%
Line of credit facility, additional borrowing capacity	$ 6,000,000,000
Term Loan Credit Agreement [Member] \| Prepayments Multiplied By 1.25% [Member]
Debt Instrument [Line Items]
Percentage of borrowed reduced by prepayments	1.25%
Line of credit facility, prepayment date	Sep. 30, 2024
Line of credit facility, prepayment, quarterly thereafter date	Jun. 30, 2026
Term Loan Credit Agreement [Member] \| Prepayments Multiplied By 2.50% [Member]
Debt Instrument [Line Items]
Percentage of borrowed reduced by prepayments	2.50%
Line of credit facility, prepayment date	Sep. 30, 2026
Line of credit facility, prepayment, quarterly thereafter date	Jun. 30, 2027
Term Loan Credit Agreement [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt instrument covenant ratio	1
Term Loan Credit Agreement [Member] \| Minimum [Member] \| SOFR [Member]
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate	1.475%
Term Loan Credit Agreement [Member] \| Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate	0.475%
Term Loan Credit Agreement [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility termination term	2 years
Debt instrument covenant ratio	3
Term Loan Credit Agreement [Member] \| Maximum [Member] \| SOFR [Member]
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate	1.975%
Term Loan Credit Agreement [Member] \| Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate	0.975%
Term Loan 1 Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 3,600,000,000
Line of credit facility, fully due and payable	Aug. 16, 2027
Term Loan 2 Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 790,000,000
Line of credit facility, fully due and payable	Aug. 16, 2025
Term Loan 2 Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility termination term	2 years
Interest Rate Swap Agreements [Member]
Debt Instrument [Line Items]
Derivative fixed interest rate			3.07%
Commercial Paper Debt Securities [Member]
Debt Instrument [Line Items]
Revolving credit facility			$ 6,000,000,000

RESTRUCTURING ACTIVITIES Narrat

RESTRUCTURING ACTIVITIES Narrative (Details) - USD ($) $ in Millions		3 Months Ended
		Aug. 31, 2022	Aug. 31, 2021
Restructuring reserve [Line Items]
Restructuring expenses		$ 144	$ 38
Fiscal 2022 Oracle Restructuring [Member]
Restructuring reserve [Line Items]
Total estimated restructuring costs	[1]	888
Restructuring expenses		146	$ 55
Remaining expenses to incur		$ 519
Expected completion date		May 31, 2023
Fiscal 2022 Oracle Restructuring [Member] \| Maximum [Member]
Restructuring reserve [Line Items]
Total estimated restructuring costs		$ 888

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

RESTRUCTURING ACTIVITIES (Detai

RESTRUCTURING ACTIVITIES (Details) $ in Millions	3 Months Ended
RESTRUCTURING ACTIVITIES (Details) $ in Millions	Aug. 31, 2022 USD ($)	[2]
Restructuring reserve [Line Items]
Accrued at period start	$ 131	[1]
Initial Costs	144	[3]
Adjustments to Cost	0	[4]
Cash Payments	(104)
Others	(10)	[5]
Accrued at period end	161	[1]
Fiscal 2022 Oracle Restructuring [Member]
Restructuring reserve [Line Items]
Accrued at period start	60	[1]
Initial Costs	144	[3]
Adjustments to Cost	2	[4]
Cash Payments	(96)
Others	(7)	[5]
Accrued at period end	103	[1]
Total Costs Accrued to Date	369
Total Expected Program Costs	888
Fiscal 2022 Oracle Restructuring [Member] \| Other [Member]
Restructuring reserve [Line Items]
Accrued at period start	10	[1]
Initial Costs	59	[3]
Adjustments to Cost	3	[4]
Cash Payments	(34)
Others	(2)	[5]
Accrued at period end	36	[1]
Total Costs Accrued to Date	170
Total Expected Program Costs	283
Fiscal 2022 Oracle Restructuring [Member] \| Cloud and License [Member] \| Operating Segments [Member]
Restructuring reserve [Line Items]
Accrued at period start	34	[1]
Initial Costs	73	[3]
Adjustments to Cost	(1)	[4]
Cash Payments	(52)
Others	(3)	[5]
Accrued at period end	51	[1]
Total Costs Accrued to Date	160
Total Expected Program Costs	544
Fiscal 2022 Oracle Restructuring [Member] \| Hardware [Member] \| Operating Segments [Member]
Restructuring reserve [Line Items]
Accrued at period start	7	[1]
Initial Costs	4	[3]
Adjustments to Cost	0	[4]
Cash Payments	(4)
Others	(1)	[5]
Accrued at period end	6	[1]
Total Costs Accrued to Date	15
Total Expected Program Costs	32
Fiscal 2022 Oracle Restructuring [Member] \| Services [Member] \| Operating Segments [Member]
Restructuring reserve [Line Items]
Accrued at period start	9	[1]
Initial Costs	8	[3]
Adjustments to Cost	0	[4]
Cash Payments	(6)
Others	(1)	[5]
Accrued at period end	10	[1]
Total Costs Accrued to Date	24
Total Expected Program Costs	29
Other Restructuring Plans [Member]
Restructuring reserve [Line Items]
Accrued at period start	71	[1],[6]
Initial Costs	0	[3],[6]
Adjustments to Cost	(2)	[4],[6]
Cash Payments	(8)	[6]
Others	(3)	[5],[6]
Accrued at period end	$ 58	[1],[6]

[1]As of August 31, 2022 and May 31, 2022, substantially all restructuring liabilities have been recorded in other current liabilities within our condensed consolidated balance sheets.[2]Restructuring costs recorded to each of the operating segments presented primarily related to employee severance costs. Other restructuring costs represented employee severance costs not related to our operating segments and certain other restructuring plan costs.[3]Costs recorded for the respective restructuring plans during the period presented.[4]All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments.[5]Represents foreign currency translation and certain other non-cash adjustments.[6]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	Aug. 31, 2022	May 31, 2022
Deferred Revenues [Line Items]
Deferred revenues, current	$ 10,473	$ 8,357
Deferred revenues, non-current (in other non-current liabilities)	788	753
Total deferred revenues	11,261	9,110
Cloud services and license support [Member] \| Cloud and License [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	9,382	7,406
Hardware [Member] \| Hardware [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	589	555
Services [Member] \| Services [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	453	360
Cloud license and on-premise license [Member] \| Cloud and License [Member]
Deferred Revenues [Line Items]
Deferred revenues, current	$ 49	$ 36

STOCKHOLDERS' DEFICIT Narrative

STOCKHOLDERS' DEFICIT Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
	Sep. 12, 2022	Aug. 31, 2022	Aug. 31, 2021
Stock Repurchases [Abstract]
Amount available for future repurchases		$ 8,900
Repurchases of common stock (in shares)		7.5	94
Repurchased amount		$ 559	$ 8,000
Repurchased shares that were not settled (in shares)		0.3
Repurchased amount that was not settled		$ 26
Stock-based compensation expense and valuations of stock awards [Abstract]
Restricted stock-based units granted (in shares)		6
Forfeitures and cancellations (in shares)		3
Cerner Corporation [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Restricted stock-based units granted (in shares)		5
Subsequent Event [Member]
Dividends on Common Stock [Abstract]
Dividends declared per share of outstanding common stock (in dollars per share)	$ 0.32
Dividend payable date	Oct. 25, 2022
Dividend record date	Oct. 12, 2022

STOCKHOLDERS' DEFICIT (Details)

STOCKHOLDERS' DEFICIT (Details) - USD ($) $ in Millions	3 Months Ended
STOCKHOLDERS' DEFICIT (Details) - USD ($) $ in Millions	Aug. 31, 2022	Aug. 31, 2021
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	$ 750	$ 545
Cloud services and license support [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	91	40
Hardware [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	4	3
Services [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	25	14
Sales and marketing [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	124	95
Research and development [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	422	344
General and administrative [Member]
Stock-based compensation expense and valuations of stock awards [Abstract]
Total stock-based compensation	$ 84	$ 49

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Billions	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Billions	Aug. 31, 2022	Aug. 31, 2021	May 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	6.50%	8.40%
Deferred Tax Assets, Net [Abstract]
Net deferred tax assets	$ 4.4		$ 6.8

SEGMENT INFORMATION Narrative (

SEGMENT INFORMATION Narrative (Details)	3 Months Ended
SEGMENT INFORMATION Narrative (Details)	Aug. 31, 2022 Business Segment
Segment reporting information [Line Items]
Number of businesses \| Business	3
Cloud and License [Member]
Segment reporting information [Line Items]
Number of operating segments	1
Hardware [Member]
Segment reporting information [Line Items]
Number of operating segments	1
Services [Member]
Segment reporting information [Line Items]
Number of operating segments	1

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Millions		3 Months Ended
SEGMENT INFORMATION (Details) - USD ($) $ in Millions		Aug. 31, 2022	Aug. 31, 2021
Segment reporting information [Line Items]
Revenues		$ 11,445	$ 9,728
Cloud services and license support expenses	[1]	1,735	1,214
Sales and marketing expenses	[1]	2,177	1,854
Margin		2,623	3,427
Operating Segments [Member]
Segment reporting information [Line Items]
Revenues		11,445	9,728
Expenses		4,879	3,715
Margin	[2]	6,566	6,013
Operating Segments [Member] \| Cloud and License [Member]
Segment reporting information [Line Items]
Revenues		9,321	8,184
Cloud services and license support expenses		1,620	1,153
Sales and marketing expenses		1,930	1,626
Margin	[2]	5,771	5,405
Operating Segments [Member] \| Hardware [Member]
Segment reporting information [Line Items]
Revenues		763	763
Hardware products and support expenses		243	238
Sales and marketing expenses		79	89
Margin	[2]	441	436
Operating Segments [Member] \| Services [Member]
Segment reporting information [Line Items]
Revenues		1,361	781
Services expenses		1,007	609
Margin	[2]	$ 354	$ 172

[1]Exclusive of amortization of intangible assets, which is shown separately.[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. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our condensed consolidated statements of operations.

SEGMENT INFORMATION RECONCILIAT

SEGMENT INFORMATION RECONCILIATION (Details) - USD ($) $ in Millions		3 Months Ended
		Aug. 31, 2022	Aug. 31, 2021
Reconciliation of Total Operating Segment Margin to Income Before Provision for Income Taxes [Abstract]
Total margin for operating segments		$ 2,623	$ 3,427
Research and development		(2,093)	(1,684)
General and administrative		(411)	(298)
Amortization of intangible assets		(919)	(303)
Acquisition related and other		(41)	(21)
Restructuring		(144)	(38)
Stock-based compensation for operating segments		(244)	(152)
Expense allocations and other, net		(91)	(90)
Interest expense		(787)	(705)
Non-operating expenses, net		(180)	(41)
Income before income taxes		1,656	2,681
Operating Segments [Member]
Reconciliation of Total Operating Segment Margin to Income Before Provision for Income Taxes [Abstract]
Total margin for operating segments	[1]	$ 6,566	$ 6,013

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

SUMMARY OF TOTAL REVENUES BY GE

SUMMARY OF TOTAL REVENUES BY GEOGRAPHIC REGION (Details) - USD ($) $ in Millions		3 Months Ended
		Aug. 31, 2022	Aug. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenues		$ 11,445	$ 9,728
Americas [Member]
Disaggregation of Revenue [Line Items]
Total revenues		7,192	5,321
EMEA [Member]
Disaggregation of Revenue [Line Items]
Total revenues	[1]	2,691	2,784
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total revenues		$ 1,562	$ 1,623

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

SUMMARY OF CLOUD SERVICES AND L

SUMMARY OF CLOUD SERVICES AND LICENSE SUPPORT REVENUES BY ECOSYSTEMS (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 11,445	$ 9,728
Cloud Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	3,579	2,461
License Support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,838	4,910
Cloud services and license support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	8,417	7,371
Applications Cloud Services and License Support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,016	3,041
Infrastructure Cloud Services and License Support [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 4,401	$ 4,330

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Aug. 31, 2022	Aug. 31, 2021
Earnings Per Share [Abstract]
Net income		$ 1,548	$ 2,457
Weighted average common shares outstanding		2,685	2,769
Dilutive effect of employee stock plans		62	92
Dilutive weighted average common shares outstanding		2,747	2,861
Basic earnings per share		$ 0.58	$ 0.89
Diluted earnings per share		$ 0.56	$ 0.86
Shares subject to anti-dilutive restricted stock-based awards and stock options excluded from calculation	[1]	71	30

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

LEGAL PROCEEDINGS (Details)

LEGAL PROCEEDINGS (Details)	Sep. 15, 2022 USD ($)
Forecast [Member] \| Securities Class Action and Derivative Litigation Concerning Oracle’s Cloud Business [Member]
Loss Contingencies [Line Items]
Damages sought, value	$ 17,500,000