Annual purchase commitments under various contracts as of May 31, 2024 were as follows (in millions):


	Aircraft and Aircraft Related		Other(1)		Total
2025	$	1,408	$	860	$	2,268
2026		665		656		1,321
2027		276		426		702
2028		342		321		663
2029		309		253		562
Thereafter		1,338		14		1,352
Total	$	4,338	$	2,530	$	6,868

(1)

Primarily information technology and advertising contracts.

The amounts reflected in the table above for purchase commitments represent noncancelable agreements to purchase goods or services. Open purchase orders that are cancelable are not considered unconditional purchase obligations for financial reporting purposes and are not included in the table above.

We have several aircraft modernization programs under way that are supported by the purchase of Boeing 777 Freighter (“B777F”) and Boeing 767-300 Freighter (“B767F”) aircraft. These aircraft are significantly more fuel-efficient per unit than the aircraft types previously utilized, and these expenditures are necessary to achieve significant long-term operating savings and to replace older aircraft. Our ability to delay the timing of these aircraft-related expenditures is limited without incurring significant costs to modify existing purchase agreements.

As of May 31, 2024, we had $611 million in deposits and progress payments on aircraft purchases and other planned aircraft-related transactions. These deposits are classified in the “Other assets” caption of our accompanying consolidated balance sheets. Aircraft and aircraft-related contracts are subject to price escalations. The following table is a summary of the aircraft we were committed to purchase as of May 31, 2024, with the year of expected delivery:


	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2025		17		7		11		2		37
2026		14		3		3		—		20
2027		—		—		—		—		—
2028		—		—		—		—		—
2029		—		—		—		—		—
Thereafter		—		—		—		—		—
Total		31		10		14		2		57