Commitments (Tables)

6 Months Ended

Nov. 30, 2021

As of November 30, 2021, our purchase commitments under various contracts for the remainder of 2022 and annually thereafter were as follows (in millions):

	Aircraft and Related		Other⁽¹⁾		Total
2022 (remainder)	$	485	$	469	$	954
2023		2,615		784		3,399
2024		1,907		586		2,493
2025		1,359		444		1,803
2026		432		398		830
Thereafter		2,289		268		2,557
Total	$	9,087	$	2,949	$	12,036

⁽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, 2021 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2022 (remainder)		3		7		3		—		13
2023		12		6		13		2		33
2024		12		6		14		4		36
2025		12		6		10		2		30
2026		11		1		—		—		12
Thereafter		—		—		—		—		—
Total		50		26		40		8		124

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 as of November 30, 2021 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2022 (remainder)	$	165		$	1,260		$	1,425		$	70		$	1,495
2023		200			2,471			2,671			34			2,705
2024		111			2,207			2,318			30			2,348
2025		80			1,949			2,029			26			2,055
2026		73			1,705			1,778			21			1,799
Thereafter		223			8,351			8,574			690			9,264
Total lease payments		852			17,943			18,795			871			19,666
Less imputed interest		(59	)		(2,410	)		(2,469	)		(361	)		(2,830	)
Present value of lease liability	$	793		$	15,533		$	16,326		$	510		$	16,836