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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Consolidated Statements of Income      
REVENUES $ 50,365 $ 47,453 $ 45,567
OPERATING EXPENSES:      
Salaries and employee benefits 18,581 17,110 16,171
Purchased transportation 9,966 8,483 8,011
Rentals and landing fees 2,854 2,682 2,622
Depreciation and amortization 2,631 2,611 2,587
Fuel 2,399 3,720 4,557
Maintenance and repairs 2,108 2,099 1,862
Impairment and other charges   276  
Retirement plans mark-to-market adjustment 1,498 2,190 15
Other 7,251 6,415 5,927
OPERATING EXPENSES 47,288 45,586 41,752
OPERATING INCOME 3,077 1,867 3,815
OTHER INCOME (EXPENSE):      
Interest expense (336) (235) (160)
Interest income 21 14 18
Other, net (22) (19) (15)
OTHER INCOME (EXPENSE) (337) (240) (157)
INCOME BEFORE INCOME TAXES 2,740 1,627 3,658
PROVISION FOR INCOME TAXES 920 577 1,334
NET INCOME $ 1,820 $ 1,050 $ 2,324
EARNINGS PER COMMON SHARE      
Basic $ 6.59 $ 3.70 $ 7.56
Diluted $ 6.51 $ 3.65 $ 7.48