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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 31, 2025
May 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 5,502 $ 6,501
Receivables, less allowances of $773 and $775 11,368 10,087
Spare parts, supplies, and fuel, less allowances of $308 and $288 602 614
Prepaid expenses and other 914 1,005
Total current assets 18,386 18,207
PROPERTY AND EQUIPMENT, AT COST    
Aircraft and related equipment 31,584 30,525
Package handling and ground support equipment 18,878 17,880
Information technology 9,706 9,203
Vehicles and trailers 10,949 10,568
Facilities and other 16,505 16,215
Total property and equipment, at cost 87,622 84,391
Less accumulated depreciation and amortization 45,980 42,900
Net property and equipment 41,642 41,491
OTHER LONG-TERM ASSETS    
Operating lease right-of-use assets, net 16,453 17,115
Goodwill 6,603 6,423
Other assets 4,543 3,771
Total other long-term assets 27,599 27,309
TOTAL ASSETS 87,627 87,007
CURRENT LIABILITIES    
Current portion of long-term debt 1,428 68
Accrued salaries and employee benefits 2,731 2,673
Accounts payable 3,692 3,189
Operating lease liabilities 2,565 2,463
Accrued expenses 4,995 4,962
Total current liabilities 15,411 13,355
LONG-TERM DEBT, LESS CURRENT PORTION 19,151 20,135
OTHER LONG-TERM LIABILITIES    
Deferred income taxes 4,205 4,482
Pension, postretirement healthcare, and other benefit obligations 1,698 2,010
Self-insurance accruals 4,033 3,701
Operating lease liabilities 14,272 15,053
Other liabilities 783 689
Total other long-term liabilities 24,991 25,935
COMMITMENTS AND CONTINGENCIES
COMMON STOCKHOLDERS’ INVESTMENT    
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of May 31, 2025 and 2024 32 32
Additional paid-in capital 4,290 3,988
Retained earnings 41,402 38,649
Accumulated other comprehensive loss (1,362) (1,359)
Treasury stock, at cost; 80 million shares as of May 31, 2025 and 72 million shares as of May 31, 2024 (16,288) (13,728)
Total common stockholders’ investment 28,074 27,582
TOTAL LIABILITIES AND COMMON STOCKHOLDERS’ INVESTMENT $ 87,627 $ 87,007