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Commitments (Tables)

3 Months Ended

Aug. 31, 2023

Commitments Tables [Abstract]

Schedule of Purchase Commitments

As of August 31, 2023, our purchase commitments under various contracts for the remainder of 2024 and annually thereafter were as follows (in millions):


		Aircraft and Aircraft Related				Other(1)				Total
2024 (remainder)		$	1,162			$	505			$	1,667
2025			1,565				606				2,171
2026			591				492				1,083
2027			290				221				511
2028			263				129				392
Thereafter			1,654				88				1,742
Total		$	5,525			$	2,041			$	7,566

(1)

Primarily information technology 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 August 31, 2023 with the year of expected delivery:


		Cessna SkyCourier 408				ATR 72-600F				B767F				B777F				Total
2024 (remainder)			12				8				8				2				30
2025			12				6				10				2				30
2026			14				1				2				—				17
2027			—				—				—				—				—
2028			—				—				—				—				—
Thereafter			—				—				—				—				—
Total			38				15				20				4				77

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 August 31, 2023 is as follows (in millions):


		Aircraft and Related Equipment				Facilities and Other				Total Operating Leases				Finance Leases				Total Leases
2024 (remainder)		$	89			$	2,101			$	2,190			$	310			$	2,500
2025			112				2,796				2,908				38				2,946
2026			110				2,511				2,621				30				2,651
2027			109				2,204				2,313				22				2,335
2028			109				1,889				1,998				21				2,019
Thereafter			236				8,623				8,859				648				9,507
Total lease payments			765				20,124				20,889				1,069				21,958
Less imputed interest			(88	)			(3,081	)			(3,169	)			(339	)			(3,508	)
Present value of lease liability		$	677			$	17,043			$	17,720			$	730			$	18,450