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Condensed Consolidated Statements of Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Nov. 30, 2016 | Nov. 30, 2015 | Nov. 30, 2016 | Nov. 30, 2015
Condensed Consolidated Statements of Income |  |  |  |
REVENUES | $ 14,931 | $ 12,453 | $ 29,594 | $ 24,732
OPERATING EXPENSES: |  |  |  |
Salaries and employee benefits | 5,353 | 4,570 | 10,664 | 9,095
Purchased transportation | 3,431 | 2,538 | 6,671 | 4,882
Rentals and landing fees | 802 | 682 | 1,592 | 1,377
Depreciation and amortization | 740 | 653 | 1,479 | 1,301
Fuel | 658 | 615 | 1,308 | 1,327
Maintenance and repairs | 579 | 529 | 1,177 | 1,077
Other | 2,201 | 1,729 | 4,272 | 3,392
OPERATING EXPENSES | 13,764 | 11,316 | 27,163 | 22,451
OPERATING INCOME | 1,167 | 1,137 | 2,431 | 2,281
OTHER INCOME (EXPENSE): |  |  |  |
Interest, net | (119) | (74) | (232) | (137)
Other, net | 30 | (8) | 21 | (5)
OTHER INCOME (EXPENSE) | (89) | (82) | (211) | (142)
INCOME BEFORE INCOME TAXES | 1,078 | 1,055 | 2,220 | 2,139
PROVISION FOR INCOME TAXES | 378 | 364 | 805 | 756
NET INCOME | $ 700 | $ 691 | $ 1,415 | $ 1,383
EARNINGS PER COMMON SHARE: |  |  |  |
Basic | $ 2.63 | $ 2.47 | $ 5.32 | $ 4.92
Diluted | 2.59 | 2.44 | 5.24 | 4.86
DIVIDENDS DECLARED PER COMMON SHARE | $ 0.40 | $ 0.25 | $ 1.20 | $ 0.75

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