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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2024
May 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 5,943 $ 6,501
Receivables, less allowances of $702 and $775 10,312 10,087
Spare parts, supplies, and fuel, less allowances of $290 and $288 611 614
Prepaid expenses and other 1,228 1,005
Total current assets 18,094 18,207
PROPERTY AND EQUIPMENT, AT COST 85,158 84,391
Less accumulated depreciation and amortization 43,903 42,900
Net property and equipment 41,255 41,491
OTHER LONG-TERM ASSETS    
Operating lease right-of-use assets, net 17,094 17,115
Goodwill 6,512 6,423
Other assets 3,756 3,771
Total other long-term assets 27,362 27,309
ASSETS 86,711 87,007
CURRENT LIABILITIES    
Current portion of long-term debt 622 68
Accrued salaries and employee benefits 2,336 2,673
Accounts payable 3,738 3,189
Operating lease liabilities 2,510 2,463
Accrued expenses 4,905 4,962
Total current liabilities 14,111 13,355
LONG-TERM DEBT, LESS CURRENT PORTION 19,664 20,135
OTHER LONG-TERM LIABILITIES    
Deferred income taxes 4,485 4,482
Pension, postretirement healthcare, and other benefit obligations 1,780 2,010
Self-insurance accruals 3,833 3,701
Operating lease liabilities 14,969 15,053
Other liabilities 693 689
Total other long-term liabilities 25,760 25,935
COMMITMENTS AND CONTINGENCIES
COMMON STOCKHOLDERS' INVESTMENT    
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of August 31, 2024 and May 31, 2024 32 32
Additional paid-in capital 4,134 3,988
Retained earnings 38,767 38,649
Accumulated other comprehensive loss (1,332) (1,359)
Treasury stock, at cost (14,425) (13,728)
Total common stockholders’ investment 27,176 27,582
TOTAL LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT $ 86,711 $ 87,007