XML 28 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2021
May 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 7,087 $ 4,881
Receivables, less allowances of $742 and $390 12,069 10,102
Spare parts, supplies and fuel, less allowances of $349 and $335 587 572
Prepaid expenses and other 837 828
Total current assets 20,580 16,383
PROPERTY AND EQUIPMENT, AT COST    
Aircraft and related equipment 26,268 24,518
Package handling and ground support equipment 13,012 11,382
Information technology 7,486 6,884
Vehicles and trailers 9,282 9,101
Facilities and other 14,029 13,139
Gross property and equipment 70,077 65,024
Less accumulated depreciation and amortization 34,325 31,416
Net property and equipment 35,752 33,608
OTHER LONG-TERM ASSETS    
Operating lease right-of-use assets, net 15,383 13,917
Goodwill 6,992 6,372
Other assets 4,070 3,257
Total other long-term assets 26,445 23,546
ASSETS [1] 82,777 73,537
CURRENT LIABILITIES    
Current portion of long-term debt 146 51
Accrued salaries and employee benefits 2,903 1,569
Accounts payable 3,841 3,269
Operating lease liabilities 2,208 1,923
Accrued expenses 4,562 3,532
Total current liabilities 13,660 10,344
LONG-TERM DEBT, LESS CURRENT PORTION 20,733 21,952
OTHER LONG-TERM LIABILITIES    
Deferred income taxes 3,927 3,162
Pension, postretirement healthcare and other benefit obligations 3,501 5,019
Self-insurance accruals 2,430 2,104
Operating lease liabilities 13,375 12,195
Other liabilities 983 466
Total other long-term liabilities 24,216 22,946
COMMITMENTS AND CONTINGENCIES
COMMON STOCKHOLDERS' INVESTMENT    
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of May 31, 2021 and 2020 32 32
Additional paid-in capital 3,481 3,356
Retained earnings 29,817 25,216
Accumulated other comprehensive loss (732) (1,147)
Treasury stock, at cost (8,430) (9,162)
Total common stockholders’ investment 24,168 18,295
LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT $ 82,777 $ 73,537
[1] Segment assets include intercompany receivables.