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Commitments (Tables) | 9 Months Ended
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Feb. 28, 2021
Commitments Tables [Abstract] |
Schedule of Purchase Commitments | As of February 28, 2021, 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) |  | $ | 162 |  |  | $ | 299 |  |  | $ | 461 |
2022 |  |  | 2,211 |  |  |  | 754 |  |  |  | 2,965 |
2023 |  |  | 2,397 |  |  |  | 520 |  |  |  | 2,917 |
2024 |  |  | 1,002 |  |  |  | 333 |  |  |  | 1,335 |
2025 |  |  | 479 |  |  |  | 249 |  |  |  | 728 |
Thereafter |  |  | 2,803 |  |  |  | 454 |  |  |  | 3,257 |
Total |  | $ | 9,054 |  |  | $ | 2,609 |  |  | $ | 11,663 |
| (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 February 28, 2021 with the year of expected delivery:
|  | Cessna SkyCourier 408 |  |  | ATR 72-600F |  |  | B767F |  |  | B777F |  |  | Total |
2021 (remainder) |  |  | — |  |  |  | 2 |  |  |  | 7 |  |  |  | — |  |  |  | 9 |
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 |  |  |  | 29 |  |  |  | 35 |  |  |  | 13 |  |  |  | 127 |
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 February 28, 2021 is as follows (in millions):
|  | Aircraft and Related Equipment |  |  | Facilities and Other |  |  | Total Operating Leases |  |  | Finance Leases |  |  | Total Leases |
2021 (remainder) |  | $ | 31 |  |  | $ | 478 |  |  | $ | 509 |  |  | $ | 10 |  |  | $ | 519 |
2022 |  |  | 234 |  |  |  | 2,390 |  |  |  | 2,624 |  |  |  | 107 |  |  |  | 2,731 |
2023 |  |  | 198 |  |  |  | 2,107 |  |  |  | 2,305 |  |  |  | 26 |  |  |  | 2,331 |
2024 |  |  | 102 |  |  |  | 1,844 |  |  |  | 1,946 |  |  |  | 25 |  |  |  | 1,971 |
2025 |  |  | 69 |  |  |  | 1,619 |  |  |  | 1,688 |  |  |  | 24 |  |  |  | 1,712 |
Thereafter |  |  | 245 |  |  |  | 8,230 |  |  |  | 8,475 |  |  |  | 707 |  |  |  | 9,182 |
Total lease payments |  |  | 879 |  |  |  | 16,668 |  |  |  | 17,547 |  |  |  | 899 |  |  |  | 18,446 |
Less imputed interest |  |  | (71 | ) |  |  | (2,353 | ) |  |  | (2,424 | ) |  |  | (373 | ) |  |  | (2,797 | )
Present value of lease liability |  | $ | 808 |  |  | $ | 14,315 |  |  | $ | 15,123 |  |  | $ | 526 |  |  | $ | 15,649 |

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- Definition Describes and quantifies the number and type of key aircraft committed to purchase as of the date of the latest balance sheet, with the year of expected delivery for each of the five succeeding fiscal years and in aggregate. + References No definition available. + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating and finance leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References No definition available. + Details
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- Definition Tabular disclosure of unconditional purchase obligation not recognized as liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121559207&loc=d3e25336-109308 + Details
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