Commitments (Tables)

6 Months Ended

Nov. 30, 2022

Commitments Tables [Abstract]

Schedule of Purchase Commitments

As of November 30, 2022, our purchase commitments under various contracts for the remainder of 2023 and annually thereafter were as follows (in millions):


		Aircraft and Related				Other(1)				Total
2023 (remainder)		$	957			$	465			$	1,422
2024			1,990				744				2,734
2025			1,436				529				1,965
2026			396				451				847
2027			302				180				482
Thereafter			1,925				141				2,066
Total		$	7,006			$	2,510			$	9,516

(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 November 30, 2022 with the year of expected delivery:


		Cessna SkyCourier 408				ATR 72-600F				B767F				B777F				Total
2023 (remainder)			7				7				5				—				19
2024			12				6				14				4				36
2025			12				6				10				2				30
2026			14				1				—				—				15
2027			—				—				—				—				—
Thereafter			—				—				—				—				—
Total			45				20				29				6				100

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 November 30, 2022 is as follows (in millions):


		Aircraft and Related Equipment				Facilities and Other				Total Operating Leases				Finance Leases				Total Leases
2023 (remainder)		$	86			$	1,349			$	1,435			$	98			$	1,533
2024			107				2,762				2,869				79				2,948
2025			82				2,484				2,566				31				2,597
2026			79				2,210				2,289				30				2,319
2027			79				1,944				2,023				21				2,044
Thereafter			166				9,198				9,364				669				10,033
Total lease payments			599				19,947				20,546				928				21,474
Less imputed interest			(44	)			(2,714	)			(2,758	)			(348	)			(3,106	)
Present value of lease liability		$	555			$	17,233			$	17,788			$	580			$	18,368