Commitments (Tables)

6 Months Ended

Nov. 30, 2020

As of November 30, 2020, our purchase commitments under various contracts for the remainder of 2021 and annually thereafter were as follows (in millions):

	Aircraft and Related		Other⁽¹⁾		Total
2021 (remainder)	$	771	$	550	$	1,321
2022		2,203		678		2,881
2023		2,389		461		2,850
2024		1,000		302		1,302
2025		602		226		828
Thereafter		2,679		397		3,076
Total	$	9,644	$	2,614	$	12,258

⁽¹⁾

Primarily equipment and advertising contracts.

Schedule of Aircraft Purchase Commitments

The following table is a summary of the key aircraft we are committed to purchase as of November 30, 2020 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2021 (remainder)		—		3		11		—		14
2022		9		8		11		5		33
2023		12		6		13		2		33
2024		12		6		4		4		26
2025		12		6		—		2		20
Thereafter		5		1		—		—		6
Total		50		30		39		13		132

Summary of Future Minimum Lease Payments, Operating and Finance Leases

A summary of future minimum lease payments under noncancelable operating and finance leases with an initial or remaining term in excess of one year at November 30, 2020 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2021 (remainder)	$	177		$	1,111		$	1,288		$	17		$	1,305
2022		234			2,275			2,509			60			2,569
2023		198			2,014			2,212			25			2,237
2024		102			1,758			1,860			24			1,884
2025		69			1,539			1,608			24			1,632
Thereafter		245			7,785			8,030			707			8,737
Total lease payments		1,025			16,482			17,507			857			18,364
Less imputed interest		(77	)		(2,298	)		(2,375	)		(377	)		(2,752	)
Present value of lease liability	$	948		$	14,184		$	15,132		$	480		$	15,612