Commitments (Tables)

3 Months Ended

Aug. 31, 2022

Commitments Tables [Abstract]

Schedule of Purchase Commitments

As of August 31, 2022, our purchase commitments under various contracts for the remainder of 2023 and annually thereafter were as follows (in millions):

	Aircraft and Related		Other(1)		Total
2023 (remainder)	$	1,705	$	713	$	2,418
2024		1,936		697		2,633
2025		1,403		504		1,907
2026		404		435		839
2027		307		171		478
Thereafter		1,932		141		2,073
Total	$	7,687	$	2,661	$	10,348

(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 August 31, 2022 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2023 (remainder)		10		9		10		1		30
2024		12		6		14		4		36
2025		12		6		10		2		30
2026		14		1		—		—		15
2027		—		—		—		—		—
Thereafter		—		—		—		—		—
Total		48		22		34		7		111

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 August 31, 2022 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2023 (remainder)	$	137		$	2,042		$	2,179		$	87		$	2,266
2024		109			2,630			2,739			59			2,798
2025		81			2,366			2,447			31			2,478
2026		78			2,099			2,177			30			2,207
2027		78			1,848			1,926			21			1,947
Thereafter		164			8,694			8,858			668			9,526
Total lease payments		647			19,679			20,326			896			21,222
Less imputed interest		(47	)		(2,691	)		(2,738	)		(352	)		(3,090	)
Present value of lease liability	$	600		$	16,988		$	17,588		$	544		$	18,132