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Commitments (Tables)

6 Months Ended

Nov. 30, 2023

Commitments Tables [Abstract]

Schedule of Purchase Commitments

As of November 30, 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)		$	485			$	333			$	818
2025			1,626				659				2,285
2026			591				498				1,089
2027			290				226				516
2028			264				138				402
Thereafter			1,646				85				1,731
Total		$	4,902			$	1,939			$	6,841

(1)

Primarily information technology and advertising.

Schedule of Aircraft Purchase Commitments

The following table is a summary of the key aircraft we are committed to purchase as of November 30, 2023 with the year of expected delivery:


		Cessna SkyCourier 408				ATR 72-600F				B767F				B777F				Total
2024 (remainder)			9				5				5				—				19
2025			12				8				10				2				32
2026			14				1				2				—				17
2027			—				—				—				—				—
2028			—				—				—				—				—
Thereafter			—				—				—				—				—
Total			35				14				17				2				68

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, 2023 is as follows (in millions):


		Aircraft and Related Equipment				Facilities and Other				Total Operating Leases				Finance Leases				Total Leases
2024 (remainder)		$	64			$	1,364			$	1,428			$	278			$	1,706
2025			118				2,912				3,030				38				3,068
2026			115				2,607				2,722				30				2,752
2027			114				2,306				2,420				22				2,442
2028			114				1,983				2,097				21				2,118
Thereafter			243				8,867				9,110				649				9,759
Total lease payments			768				20,039				20,807				1,038				21,845
Less imputed interest			(96	)			(3,056	)			(3,152	)			(332	)			(3,484	)
Present value of lease liability		$	672			$	16,983			$	17,655			$	706			$	18,361