Commitments (Tables)

3 Months Ended

Aug. 31, 2020

As of August 31, 2020, our purchase commitments under various contracts for the remainder of 2021 and annually thereafter were as follows (in millions):

	Aircraft and Related		Other⁽¹⁾		Total
2021 (remainder)	$	1,180	$	782	$	1,962
2022		2,166		670		2,836
2023		2,423		460		2,883
2024		1,015		302		1,317
2025		621		226		847
Thereafter		2,716		397		3,113
Total	$	10,121	$	2,837	$	12,958

⁽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, 2020 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2021 (remainder)		—		4		13		—		17
2022		9		7		11		5		32
2023		12		6		13		2		33
2024		12		6		4		4		26
2025		12		6		—		2		20
Thereafter		5		1		—		—		6
Total		50		30		41		13		134

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 at August 31, 2020 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2021 (remainder)	$	200		$	1,661		$	1,861		$	48		$	1,909
2022		229			2,120			2,349			27			2,376
2023		198			1,905			2,103			25			2,128
2024		102			1,672			1,774			24			1,798
2025		69			1,466			1,535			24			1,559
Thereafter		258			7,335			7,593			706			8,299
Total lease payments		1,056			16,159			17,215			854			18,069
Less imputed interest		(85	)		(2,392	)		(2,477	)		(381	)		(2,858	)
Present value of lease liability	$	971		$	13,767		$	14,738		$	473		$	15,211