Commitments (Tables)

3 Months Ended

Aug. 31, 2021

As of August 31, 2021, our purchase commitments under various contracts for the remainder of 2022 and annually thereafter were as follows (in millions):

	Aircraft and Related		Other⁽¹⁾		Total
2022 (remainder)	$	1,116	$	840	$	1,956
2023		2,593		750		3,343
2024		1,916		563		2,479
2025		1,365		423		1,788
2026		430		357		787
Thereafter		2,307		252		2,559
Total	$	9,727	$	3,185	$	12,912

⁽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, 2021 with the year of expected delivery:

	Cessna SkyCourier 408		ATR 72-600F		B767F		B777F		Total
2022 (remainder)		9		8		7		2		26
2023		12		6		13		2		33
2024		12		6		14		4		36
2025		12		6		10		2		30
2026		5		1		—		—		6
Thereafter		—		—		—		—		—
Total		50		27		44		10		131

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 August 31, 2021 is as follows (in millions):

	Aircraft and Related Equipment			Facilities and Other			Total Operating Leases			Finance Leases			Total Leases
2022 (remainder)	$	195		$	1,829		$	2,024		$	67		$	2,091
2023		194			2,345			2,539			25			2,564
2024		102			2,076			2,178			28			2,206
2025		69			1,822			1,891			23			1,914
2026		61			1,583			1,644			22			1,666
Thereafter		184			7,632			7,816			704			8,520
Total lease payments		805			17,287			18,092			869			18,961
Less imputed interest		(60	)		(2,387	)		(2,447	)		(365	)		(2,812	)
Present value of lease liability	$	745		$	14,900		$	15,645		$	504		$	16,149