COMMITMENTS (Tables)

6 Months Ended

Nov. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

As of November 30, 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)	$	652	$	420	$	1,072
2027	1,116		847		1,963
2028	990		650		1,640
2029	410		540		950
2030	204		118		322
Thereafter	1,069		171		1,240
Total	$	4,441	$	2,746	$	7,187

(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 November 30, 2025, with the year of expected delivery:


	Cessna SkyCourier 408	ATR 72-600F	B767F	B777F	Total
2026 (remainder)	13	4	3	—	20
2027	4	3	—	5	12
2028	—	4	—	5	9
2029	—	4	—	—	4
2030	—	2	—	—	2
Thereafter	—	—	—	—	—
Total	17	17	3	10	47

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 November 30, 2025 is as follows (in millions):


	Aircraft and Related Equipment		Facilities and Other		Total Operating Leases		Finance Leases		Total Leases
2026 (remainder)	$	63	$	1,449	$	1,512	$	65	$	1,577
2027	124		3,046		3,170		138		3,308
2028	124		2,638		2,762		138		2,900
2029	117		2,235		2,352		135		2,487
2030	47		1,884		1,931		118		2,049
Thereafter	91		8,219		8,310		631		8,941
Total lease payments	566		19,471		20,037		1,225		21,262
Less imputed interest	(56)		(3,410)		(3,466)		(351)		(3,817)
Present value of lease liability	$	510	$	16,061	$	16,571	$	874	$	17,445