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v3.25.2

LEASES (Tables) | 12 Months Ended
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May 31, 2025
Leases [Abstract] |
Schedule of Net Lease Cost | The following table is a summary of the components of net lease cost for the period ended May 31 (in millions)
| 2025 |  | 2024
Operating lease cost | $ | 3,421 |  |  | $ | 3,326 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | 31 |  |  | 30 |
Interest on lease liabilities | 17 |  |  | 24 |
Total finance lease cost | 48 |  |  | 54 |
Short-term lease cost | 484 |  |  | 494 |
Variable lease cost | 1,840 |  |  | 1,714 |
Net lease cost | $ | 5,793 |  |  | $ | 5,588 |
Supplemental cash flow information related to leases for the period ended May 31 is as follows (in millions):
| 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows paid for operating leases | $ | 3,422 |  |  | $ | 3,319 |
Operating cash flows paid for interest portion of finance leases | 17 |  |  | 15 |
Financing cash flows paid for principal portion of finance leases | 101 |  |  | 80 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 1,945 |  |  | 2,083 |
Right-of-use assets obtained in exchange for new finance lease liabilities | 352 |  |  | 10 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases as of May 31 is as follows (dollars in millions):
| 2025 |  | 2024
Operating leases: |  |  |
Operating lease right-of-use assets, net | $ | 16,453 |  | $ | 17,115
Current portion of operating lease liabilities | $ | 2,565 |  | $ | 2,463
Operating lease liabilities | 14,272 |  | 15,053
Total operating lease liabilities | $ | 16,837 |  | $ | 17,516
Finance leases: |  |  |
Net property and equipment | $ | 621 |  | $ | 373
Current portion of long-term debt | $ | 59 |  | $ | 18
Long-term debt, less current portion | 621 |  | 413
Total finance lease liabilities | $ | 680 |  | $ | 431
Weighted-average remaining lease term: |  |  |
Operating leases | 9.7 |  | 9.5
Finance leases | 19.6 |  | 29.8
Weighted-average discount rate: |  |  |
Operating leases | 3.98 | % |  | 3.79 | %
Finance leases | 3.90 | % |  | 3.63 | %
Schedule of Future Minimum Lease Payments, Operating Leases | A summary of future minimum lease payments under non-cancelable operating and finance leases with an initial or remaining term in excess of one year at May 31, 2025 is as follows (in millions):
| Aircraft and Related Equipment |  | Facilities and Other |  | Total Operating Leases |  | Finance Leases |  | Total Leases
2026 | $ | 126 |  |  | $ | 2,881 |  |  | $ | 3,007 |  |  | $ | 84 |  |  | $ | 3,091 |
2027 | 124 |  |  | 2,811 |  |  | 2,935 |  |  | 85 |  |  | 3,020 |
2028 | 124 |  |  | 2,450 |  |  | 2,574 |  |  | 84 |  |  | 2,658 |
2029 | 117 |  |  | 2,071 |  |  | 2,188 |  |  | 82 |  |  | 2,270 |
2030 | 47 |  |  | 1,731 |  |  | 1,778 |  |  | 74 |  |  | 1,852 |
Thereafter | 90 |  |  | 7,817 |  |  | 7,907 |  |  | 610 |  |  | 8,517 |
Total lease payments | 628 |  |  | 19,761 |  |  | 20,389 |  |  | 1,019 |  |  | 21,408 |
Less imputed interest | (67) |  |  | (3,485) |  |  | (3,552) |  |  | (339) |  |  | (3,891) |
Present value of lease liability | $ | 561 |  |  | $ | 16,276 |  |  | $ | 16,837 |  |  | $ | 680 |  |  | $ | 17,517 |
Schedule of Future Minimum Lease Payments, Finance Leases | A summary of future minimum lease payments under non-cancelable operating and finance leases with an initial or remaining term in excess of one year at May 31, 2025 is as follows (in millions):
| Aircraft and Related Equipment |  | Facilities and Other |  | Total Operating Leases |  | Finance Leases |  | Total Leases
2026 | $ | 126 |  |  | $ | 2,881 |  |  | $ | 3,007 |  |  | $ | 84 |  |  | $ | 3,091 |
2027 | 124 |  |  | 2,811 |  |  | 2,935 |  |  | 85 |  |  | 3,020 |
2028 | 124 |  |  | 2,450 |  |  | 2,574 |  |  | 84 |  |  | 2,658 |
2029 | 117 |  |  | 2,071 |  |  | 2,188 |  |  | 82 |  |  | 2,270 |
2030 | 47 |  |  | 1,731 |  |  | 1,778 |  |  | 74 |  |  | 1,852 |
Thereafter | 90 |  |  | 7,817 |  |  | 7,907 |  |  | 610 |  |  | 8,517 |
Total lease payments | 628 |  |  | 19,761 |  |  | 20,389 |  |  | 1,019 |  |  | 21,408 |
Less imputed interest | (67) |  |  | (3,485) |  |  | (3,552) |  |  | (339) |  |  | (3,891) |
Present value of lease liability | $ | 561 |  |  | $ | 16,276 |  |  | $ | 16,837 |  |  | $ | 680 |  |  | $ | 17,517 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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