Consolidated Statements of Income - USD ($) $ in Millions |
12 Months Ended | ||
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May. 31, 2015 |
May. 31, 2014 |
May. 31, 2013 |
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Consolidated Statements of Income | |||
REVENUES | $ 47,453 | $ 45,567 | $ 44,287 |
OPERATING EXPENSES: | |||
Salaries and employee benefits | 17,110 | 16,171 | 16,055 |
Purchased transportation | 8,483 | 8,011 | 7,272 |
Rentals and landing fees | 2,682 | 2,622 | 2,521 |
Depreciation and amortization | 2,611 | 2,587 | 2,386 |
Fuel | 3,720 | 4,557 | 4,746 |
Maintenance and repairs | 2,099 | 1,862 | 1,909 |
Business realignment, impairment and other charges | 276 | 660 | |
Retirement plans mark-to-market adjustment | 2,190 | 15 | (1,368) |
Other | 6,415 | 5,927 | 5,672 |
OPERATING EXPENSES | 45,586 | 41,752 | 39,853 |
OPERATING INCOME | 1,867 | 3,815 | 4,434 |
OTHER INCOME (EXPENSE): | |||
Interest expense | (235) | (160) | (82) |
Interest income | 14 | 18 | 21 |
Other, net | (19) | (15) | (35) |
OTHER INCOME (EXPENSE) | (240) | (157) | (96) |
INCOME BEFORE INCOME TAXES | 1,627 | 3,658 | 4,338 |
PROVISION FOR INCOME TAXES | 577 | 1,334 | 1,622 |
NET INCOME | $ 1,050 | $ 2,324 | $ 2,716 |
EARNINGS PER COMMON SHARE | |||
Basic | $ 3.70 | $ 7.56 | $ 8.61 |
Diluted | $ 3.65 | $ 7.48 | $ 8.55 |
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- Definition Amount charged against earnings for incurred and estimated costs associated with business realignment activities, such as voluntary severance costs and external professional fees, pursuant to a duly authorized plan. Also included are asset impairment charges. No definition available.
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- Definition Costs incurred related to the purchase of services (air, road and rail) from third-party transportation providers and independent contractors in direct support of shipping and logistics services. No definition available.
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- Definition Rental expense for leased assets including aircraft, vehicles, equipment and facilities; as well as fees paid to an airport or other governmental agency for each aircraft landing. No definition available.
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- Definition The annual retirement plan amount recorded for actuarial gains and losses calculated using actual fair value of plan assets. No definition available.
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- Definition The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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