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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Nov. 30, 2011
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Nov. 30, 2010
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Nov. 30, 2011
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Nov. 30, 2010
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| Condensed Consolidated Statements of Income | ||||
| REVENUES | $ 10,587 | $ 9,632 | $ 21,108 | $ 19,089 |
| OPERATING EXPENSES: | ||||
| Salaries and employee benefits | 3,982 | 3,779 | 7,986 | 7,582 |
| Purchased transportation | 1,576 | 1,390 | 3,094 | 2,717 |
| Rentals and landing fees | 623 | 628 | 1,243 | 1,229 |
| Depreciation and amortization | 518 | 502 | 1,027 | 981 |
| Fuel | 1,200 | 938 | 2,444 | 1,825 |
| Maintenance and repairs | 511 | 473 | 1,062 | 990 |
| Impairment and other charges | 67 | 67 | ||
| Other | 1,397 | 1,386 | 2,735 | 2,601 |
| OPERATING EXPENSES | 9,807 | 9,163 | 19,591 | 17,992 |
| OPERATING INCOME | 780 | 469 | 1,517 | 1,097 |
| OTHER INCOME (EXPENSE): | ||||
| Interest, net | (7) | (23) | (18) | (41) |
| Other, net | 4 | (9) | 2 | (16) |
| OTHER INCOME (EXPENSE) | (3) | (32) | (16) | (57) |
| INCOME BEFORE INCOME TAXES | 777 | 437 | 1,501 | 1,040 |
| PROVISION FOR INCOME TAXES | 280 | 154 | 540 | 377 |
| NET INCOME | $ 497 | $ 283 | $ 961 | $ 663 |
| EARNINGS PER COMMON SHARE: | ||||
| Basic | $ 1.57 | $ 0.90 | $ 3.04 | $ 2.11 |
| Diluted | $ 1.57 | $ 0.89 | $ 3.02 | $ 2.09 |
| DIVIDENDS DECLARED PER COMMON SHARE | $ 0.13 | $ 0.12 | $ 0.39 | $ 0.36 |
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- Definition
The net difference between debt related expenses (net of capitalized interest) associated with nonoperating financing activities of the entity and interest related income associated with nonoperating investing activities of the entity. No definition available.
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- Definition
Costs incurred related to the purchase of services (air, road and rail) from third-party transportation providers and independent contractors in direct support of shipping and logistics services. No definition available.
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- Definition
Rental expense for leased assets including aircraft, vehicles, equipment and facilities; as well as fees paid to an airport or other governmental agency for each aircraft landing. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount provided for estimated restructuring charges, remediation costs, and asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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