(7) Commitments

As of February 28, 2017, our purchase commitments under various contracts for the remainder of 2017 and annually thereafter were as follows (in millions):

	Aircraft and Aircraft-Related		Other⁽¹⁾		Total
2017 (remainder)	$	219	$	218	$	437
2018		1,970		534		2,504
2019		1,730		375		2,105
2020		1,926		267		2,193
2021		1,348		183		1,531
Thereafter		4,199		258		4,457
Total	$	11,392	$	1,835	$	13,227

⁽¹⁾	Primarily equipment and advertising contracts.

The amounts reflected in the table above for purchase commitments represent noncancelable agreements to purchase goods or services. As of February 28, 2017, our obligation to purchase four Boeing 767-300 Freighter (“B767F”) aircraft and six Boeing 777 Freighter (“B777F”) aircraft is conditioned upon there being no event that causes FedEx Express or its employees not to be covered by the Railway Labor Act of 1926, as amended. Open purchase orders that are cancelable are not considered unconditional purchase obligations for financial reporting purposes and are not included in the table above.

During the quarter, FedEx Express entered into agreements to accelerate the delivery of one B767F aircraft to 2017 from 2018 and two B777F aircraft to 2018 from 2023.

We had $488 million in deposits and progress payments as of February 28, 2017 on aircraft purchases and other planned aircraft-related transactions. These deposits are classified in the “Other assets” caption of our consolidated balance sheets. Aircraft and aircraft-related contracts are subject to price escalations. The following table is a summary of the key aircraft we are committed to purchase as of February 28, 2017 with the year of expected delivery:

	B767F		B777F		Total
2017 (remainder)		1		-		1
2018		15		4		19
2019		15		2		17
2020		16		3		19
2021		10		3		13
Thereafter		16		4		20
Total		73		16		89

A summary of future minimum lease payments under noncancelable operating leases with an initial or remaining term in excess of one year at February 28, 2017 is as follows (in millions):

	Operating Leases
	Aircraft and Related Equipment		Facilities and Other		Total Operating Leases
2017 (remainder)	$	70	$	547	$	617
2018		398		1,992		2,390
2019		343		1,799		2,142
2020		261		1,595		1,856
2021		203		1,441		1,644
Thereafter		360		8,780		9,140
Total	$	1,635	$	16,154	$	17,789

Future minimum lease payments under capital leases were immaterial at February 28, 2017. While certain of our lease agreements contain covenants governing the use of the leased assets or require us to maintain certain levels of insurance, none of our lease agreements include material financial covenants or limitations.