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v3.2.0.727

Condensed Consolidated Statements of Income - USD ($) $ in Millions | 3 Months Ended
--- | ---
Aug. 31, 2015 | Aug. 31, 2014
Condensed Consolidated Statements of Income |  |
REVENUES | $ 12,279 | $ 11,684
OPERATING EXPENSES: |  |
Salaries and employee benefits | 4,525 | 4,114
Purchased transportation | 2,344 | 2,054
Rentals and landing fees | 695 | 660
Depreciation and amortization | 648 | 651
Fuel | 712 | 1,120
Maintenance and repairs | 548 | 556
Other | 1,663 | 1,467
OPERATING EXPENSES | 11,135 | 10,622
OPERATING INCOME | 1,144 | 1,062
OTHER INCOME (EXPENSE): |  |
Interest, net | (63) | (48)
Other, net | 3 | (2)
OTHER INCOME (EXPENSE) | (60) | (50)
INCOME BEFORE INCOME TAXES | 1,084 | 1,012
PROVISION FOR INCOME TAXES | 392 | 359
NET INCOME | $ 692 | $ 653
EARNINGS PER COMMON SHARE: |  |
Basic | $ 2.45 | $ 2.29
Diluted | 2.42 | 2.26
DIVIDENDS DECLARED PER COMMON SHARE | $ 0.50 | $ 0.40

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