Commitments (Tables)

9 Months Ended

Feb. 28, 2021

As of February 28, 2021, 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)	$	162	$	299	$	461
2022		2,211		754		2,965
2023		2,397		520		2,917
2024		1,002		333		1,335
2025		479		249		728
Thereafter		2,803		454		3,257
Total	$	9,054	$	2,609	$	11,663

⁽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 February 28, 2021 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2021 (remainder)		—		2		7		—		9
2022		9		8		11		5		33
2023		12		6		13		2		33
2024		12		6		4		4		26
2025		12		6		—		2		20
Thereafter		5		1		—		—		6
Total		50		29		35		13		127

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 February 28, 2021 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2021 (remainder)	$	31		$	478		$	509		$	10		$	519
2022		234			2,390			2,624			107			2,731
2023		198			2,107			2,305			26			2,331
2024		102			1,844			1,946			25			1,971
2025		69			1,619			1,688			24			1,712
Thereafter		245			8,230			8,475			707			9,182
Total lease payments		879			16,668			17,547			899			18,446
Less imputed interest		(71	)		(2,353	)		(2,424	)		(373	)		(2,797	)
Present value of lease liability	$	808		$	14,315		$	15,123		$	526		$	15,649