Commitments (Tables)

3 Months Ended

Aug. 31, 2024

Commitments Tables [Abstract]

Schedule of Purchase Commitments

As of August 31, 2024, our purchase commitments under various contracts for the remainder of 2025 and annually thereafter were as follows (in millions):

	Aircraft and Aircraft Related		Other(1)		Total
2025 (remainder)	$	1,195	$	572	$	1,767
2026		686		766		1,452
2027		283		540		823
2028		348		383		731
2029		316		318		634
Thereafter		1,332		101		1,433
Total	$	4,160	$	2,680	$	6,840

(1) Primarily software and advertising.

Schedule of Aircraft Purchase Commitments

The following table is a summary of the key aircraft we are committed to purchase as of August 31, 2024 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2025 (remainder)		17		4		9		2		32
2026		14		4		3		—		21
2027		—		—		—		—		—
2028		—		—		—		—		—

2029	—	—	—	—	—
Thereafter	—	—	—	—	—
Total	31	8	12	2	53

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, 2024 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2025 (remainder)	$	96		$	2,207		$	2,303		$	22		$	2,325
2026		122			2,861			2,983			30			3,013
2027		122			2,553			2,675			22			2,697
2028		122			2,217			2,339			21			2,360
2029		115			1,850			1,965			19			1,984
Thereafter		137			8,747			8,884			630			9,514
Total lease payments		714			20,435			21,149			744			21,893
Less imputed interest		(84	)		(3,586	)		(3,670	)		(320	)		(3,990	)
Present value of lease liability	$	630		$	16,849		$	17,479		$	424		$	17,903