COMMITMENTS (Tables)

3 Months Ended

Aug. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

As of August 31, 2025, our purchase commitments under various contracts for the remainder of 2026 and annually thereafter were as follows (in millions):


	Aircraft and Aircraft Related		Other(1)		Total
2026 (remainder)	$	808	$	626	$	1,434
2027	1,119		712		1,831
2028	993		545		1,538
2029	413		461		874
2030	205		35		240
Thereafter	1,073		90		1,163
Total	$	4,611	$	2,469	$	7,080

(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, 2025, with the year of expected delivery:


	Cessna SkyCourier 408	ATR 72-600F	B767F	B777F	Total
2026 (remainder)	15	3	6	—	24
2027	4	4	—	5	13
2028	—	4	—	5	9
2029	—	4	—	—	4
2030	—	2	—	—	2
Thereafter	—	—	—	—	—
Total	19	17	6	10	52

Schedule 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, 2025 is as follows (in millions):


	Aircraft and Related Equipment		Facilities and Other		Total Operating Leases		Finance Leases		Total Leases
2026 (remainder)	$	95	$	2,237	$	2,332	$	85	$	2,417
2027	124		2,917		3,041		116		3,157
2028	124		2,539		2,663		115		2,778
2029	117		2,143		2,260		112		2,372
2030	47		1,795		1,842		95		1,937
Thereafter	91		7,995		8,086		619		8,705
Total lease payments	598		19,626		20,224		1,142		21,366
Less imputed interest	(62)		(3,430)		(3,492)		(347)		(3,839)
Present value of lease liability	$	536	$	16,196	$	16,732	$	795	$	17,527