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Commitments (Tables)
9 Months Ended
Feb. 28, 2025
Commitments Tables [Abstract]  
Schedule of Purchase Commitments

As of February 28, 2025, our purchase commitments under various contracts for the remainder of 2025 and annually thereafter were as follows (in millions):

 

 

Aircraft and Aircraft Related

 

 

Other(1)

 

 

Total

 

2025 (remainder)

 

$

429

 

 

$

192

 

 

$

621

 

2026

 

 

925

 

 

 

800

 

 

 

1,725

 

2027

 

 

278

 

 

 

560

 

 

 

838

 

2028

 

 

587

 

 

 

395

 

 

 

982

 

2029

 

 

393

 

 

 

323

 

 

 

716

 

Thereafter

 

 

1,258

 

 

 

100

 

 

 

1,358

 

Total

 

$

3,870

 

 

$

2,370

 

 

$

6,240

 

(1) Primarily software and advertising.

Schedule of Aircraft Purchase Commitments The following table is a summary of the key aircraft we are committed to purchase as of February 28, 2025 with the year of expected delivery:

 

 

Cessna SkyCourier 408

 

 

ATR 72-600F

 

 

B767F

 

 

B777F

 

 

Total

 

2025 (remainder)

 

 

5

 

 

 

1

 

 

 

2

 

 

 

2

 

 

 

10

 

2026

 

 

18

 

 

 

6

 

 

 

7

 

 

 

 

 

 

31

 

2027

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2028

 

 

 

 

 

4

 

 

 

 

 

 

2

 

 

 

6

 

2029

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

4

 

Thereafter

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

2

 

Total

 

 

23

 

 

 

17

 

 

 

9

 

 

 

4

 

 

 

53

 

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 February 28, 2025 is as follows (in millions):

 

 

Aircraft
and Related
Equipment

 

 

Facilities
and Other

 

 

Total
Operating
Leases

 

 

Finance Leases

 

 

Total
 Leases

 

2025 (remainder)

 

$

32

 

 

$

603

 

 

$

635

 

 

$

13

 

 

$

648

 

2026

 

 

125

 

 

 

3,065

 

 

 

3,190

 

 

 

57

 

 

 

3,247

 

2027

 

 

124

 

 

 

2,684

 

 

 

2,808

 

 

 

56

 

 

 

2,864

 

2028

 

 

124

 

 

 

2,338

 

 

 

2,462

 

 

 

56

 

 

 

2,518

 

2029

 

 

117

 

 

 

1,959

 

 

 

2,076

 

 

 

53

 

 

 

2,129

 

Thereafter

 

 

138

 

 

 

9,179

 

 

 

9,317

 

 

 

655

 

 

 

9,972

 

Total lease payments

 

 

660

 

 

 

19,828

 

 

 

20,488

 

 

 

890

 

 

 

21,378

 

Less imputed interest

 

 

(73

)

 

 

(3,525

)

 

 

(3,598

)

 

 

(328

)

 

 

(3,926

)

Present value of lease liability

 

$

587

 

 

$

16,303

 

 

$

16,890

 

 

$

562

 

 

$

17,452