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v3.2.0.727

Consolidated Statements of Income - USD ($) $ in Millions | 12 Months Ended
--- | ---
May. 31, 2015 | May. 31, 2014 | May. 31, 2013
Consolidated Statements of Income |  |  |
REVENUES | $ 47,453 | $ 45,567 | $ 44,287
OPERATING EXPENSES: |  |  |
Salaries and employee benefits | 17,110 | 16,171 | 16,055
Purchased transportation | 8,483 | 8,011 | 7,272
Rentals and landing fees | 2,682 | 2,622 | 2,521
Depreciation and amortization | 2,611 | 2,587 | 2,386
Fuel | 3,720 | 4,557 | 4,746
Maintenance and repairs | 2,099 | 1,862 | 1,909
Business realignment, impairment and other charges | 276 |  | 660
Retirement plans mark-to-market adjustment | 2,190 | 15 | (1,368)
Other | 6,415 | 5,927 | 5,672
OPERATING EXPENSES | 45,586 | 41,752 | 39,853
OPERATING INCOME | 1,867 | 3,815 | 4,434
OTHER INCOME (EXPENSE): |  |  |
Interest expense | (235) | (160) | (82)
Interest income | 14 | 18 | 21
Other, net | (19) | (15) | (35)
OTHER INCOME (EXPENSE) | (240) | (157) | (96)
INCOME BEFORE INCOME TAXES | 1,627 | 3,658 | 4,338
PROVISION FOR INCOME TAXES | 577 | 1,334 | 1,622
NET INCOME | $ 1,050 | $ 2,324 | $ 2,716
EARNINGS PER COMMON SHARE |  |  |
Basic | $ 3.70 | $ 7.56 | $ 8.61
Diluted | $ 3.65 | $ 7.48 | $ 8.55

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