Commitments (Tables)

9 Months Ended

Feb. 28, 2023

Commitments Tables [Abstract]

Schedule of Purchase Commitments

As of February 28, 2023, 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)	$	271	$	228	$	499
2024		1,944		717		2,661
2025		1,565		550		2,115
2026		568		442		1,010
2027		296		172		468
Thereafter		1,913		139		2,052
Total	$	6,557	$	2,248	$	8,805

(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, 2023 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2023 (remainder)		5		4		3		—		12
2024		13		8		14		4		39
2025		12		6		10		2		30
2026		14		1		—		—		15
2027		—		—		—		—		—
Thereafter		—		—		—		—		—
Total		44		19		27		6		96

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, 2023 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2023 (remainder)	$	34		$	570		$	604		$	34		$	638
2024		103			2,905			3,008			91			3,099
2025		84			2,600			2,684			38			2,722
2026		81			2,322			2,403			30			2,433
2027		80			2,046			2,126			22			2,148
Thereafter		170			9,790			9,960			669			10,629
Total lease payments		552			20,233			20,785			884			21,669
Less imputed interest		(43	)		(2,923	)		(2,966	)		(345	)		(3,311	)
Present value of lease liability	$	509		$	17,310		$	17,819		$	539		$	18,358