During fiscal year 2025, the Company entered into new operating and finance leases. The future minimum lease payments under these new leases as of May 31, 2025, were as follows (in millions):


	Payments due by period
	Total		Less than 1 year		1-3 years		3-5 years		After 5 years
Operating lease obligations(1)	$	160	$	23	$	41	$	37	$	59
Finance lease obligations(1)	$	84	$	46	$	19	$	6	$	13

(1)Excludes $233 million of payments related to leases signed but not yet commenced.

During fiscal year 2025, the Company entered into new operating and finance leases. The future minimum lease payments under these new leases as of May 31, 2025, were as follows (in millions):


	Payments due by period
	Total		Less than 1 year		1-3 years		3-5 years		After 5 years
Operating lease obligations(1)	$	160	$	23	$	41	$	37	$	59
Finance lease obligations(1)	$	84	$	46	$	19	$	6	$	13

(1)Excludes $233 million of payments related to leases signed but not yet commenced.