Leases (Tables)

12 Months Ended

May 31, 2011

Leases (Tables) Abstract

Components of Property and Equipment Recorded Under Capital Leases

		May 31,
		2011		2010
Aircraft		$	8	$	15
Package handling and ground support
	equipment		165		165
Vehicles			17		17
Other, principally facilities			145		146
			335		343
	Less accumulated amortization		307		312
		$	28	$	31

Schedule of Rent Expense Under Operating Leases

Rent expense under operating leases for the years ended May 31 was as follows (in millions):
		2011		2010		2009
Minimum rentals		$	2,025	$	2,001	$	2,047
Contingent rentals(1)			193		152		181
		$	2,218	$	2,153	$	2,228
(1)	Contingent rentals are based on equipment usage.

Schedule of Future Minimum Lease Payments, Capital and Operating Leases

				Operating Leases
				Aircraft				Total
		Capital		and Related		Facilities		Operating
		Leases		Equipment		and Other		Leases
2012		$	25	$	494	$	1,300	$	1,794
2013			119		499		1,155		1,654
2014			2		473		992		1,465
2015			2		455		899		1,354
2016			2		458		734		1,192
Thereafter			13		1,545		4,988		6,533
Total			163	$	3,924	$	10,068	$	13,992
Less amount representing interest			17
Present value of net minimum lease
	payments	$	146