Commitments (Tables)

9 Months Ended

Feb. 28, 2022

Commitments Tables [Abstract]

Schedule of Purchase Commitments

As of February 28, 2022, our purchase commitments under various contracts for the remainder of 2022 and annually thereafter were as follows (in millions):

	Aircraft and Related		Other(1)		Total
2022 (remainder)	$	242	$	287	$	529
2023		2,636		838		3,474
2024		1,929		614		2,543
2025		1,392		463		1,855
2026		423		391		814
Thereafter		2,271		268		2,539
Total	$	8,893	$	2,861	$	11,754

(1)Primarily equipment 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 February 28, 2022 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2022 (remainder)		3		5		3		—		11
2023		12		6		13		2		33
2024		12		6		14		4		36
2025		12		6		10		2		30
2026		11		1		—		—		12
Thereafter		—		—		—		—		—
Total		50		24		40		8		122

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, 2022 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2022 (remainder)	$	33		$	531		$	564		$	52		$	616
2023		200			2,674			2,874			35			2,909
2024		111			2,343			2,454			31			2,485
2025		80			2,078			2,158			27			2,185
2026		73			1,826			1,899			22			1,921
Thereafter		223			9,139			9,362			691			10,053
Total lease payments		720			18,591			19,311			858			20,169
Less imputed interest		(55	)		(2,411	)		(2,466	)		(357	)		(2,823	)
Present value of lease liability	$	665		$	16,180		$	16,845		$	501		$	17,346