Commitments (Tables)

9 Months Ended

Feb. 29, 2024

Commitments Tables [Abstract]

Schedule of Purchase Commitments

As of February 29, 2024, our purchase commitments under various contracts for the remainder of 2024 and annually thereafter were as follows (in millions):

	Aircraft and Aircraft Related		Other(1)		Total
2024 (remainder)	$	92	$	158	$	250
2025		1,596		654		2,250
2026		540		464		1,004
2027		269		234		503
2028		341		147		488
Thereafter		1,654		92		1,746
Total	$	4,492	$	1,749	$	6,241

(1)Primarily information technology and advertising.

Schedule of Aircraft Purchase Commitments

The following table is a summary of the key aircraft we are committed to purchase as of February 29, 2024 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2024 (remainder)		5		2		3		—		10
2025		13		8		10		2		33
2026		14		1		2		—		17
2027		—		—		—		—		—
2028		—		—		—		—		—
Thereafter		—		—		—		—		—
Total		32		11		15		2		60

Summary of Future Minimum Lease Payments, Operating and Finance Leases

A summary of future minimum lease payments under noncancelable operating and finance leases with an initial or remaining term in excess of one year as of February 29, 2024 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2024 (remainder)	$	30		$	579		$	609		$	5		$	614
2025		121			2,995			3,116			34			3,150
2026		117			2,666			2,783			30			2,813
2027		117			2,363			2,480			22			2,502
2028		117			2,036			2,153			21			2,174
Thereafter		246			9,031			9,277			648			9,925
Total lease payments		748			19,670			20,418			760			21,178
Less imputed interest		(92	)		(3,001	)		(3,093	)		(328	)		(3,421	)
Present value of lease liability	$	656		$	16,669		$	17,325		$	432		$	17,757