LEASES, OTHER COMMITMENTS AND CERTAIN CONTINGENCIES (Tables)
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12 Months Ended |
May 31, 2026 |
|---|
| Leases Other Commitments And Certain Contingencies Disclosure [Abstract] |
|
| Components of Lease Expense |
The components of lease expense were as follows:
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Year Ended May 31, |
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(in millions) |
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2026 |
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|
2025 |
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|
2024 |
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Operating lease cost |
|
$ |
2,794 |
|
|
$ |
1,716 |
|
|
$ |
1,159 |
|
Finance lease cost: |
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|
|
|
|
|
|
|
|
Amortization of ROU assets |
|
$ |
351 |
|
|
$ |
48 |
|
|
$ |
— |
|
Interest on lease liabilities |
|
|
279 |
|
|
|
38 |
|
|
|
— |
|
Total finance lease cost |
|
$ |
630 |
|
|
$ |
86 |
|
|
$ |
— |
|
|
| Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases was as follows:
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As of May 31, |
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(Dollars in millions) |
|
2026 |
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|
2025 |
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Operating leases: |
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|
|
|
|
|
Operating lease ROU assets |
|
$ |
29,690 |
|
|
$ |
13,145 |
|
Operating lease liabilities: |
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|
|
|
|
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Operating lease liabilities, current |
|
$ |
3,542 |
|
|
$ |
1,914 |
|
Operating lease liabilities, non-current |
|
|
26,648 |
|
|
|
11,536 |
|
Total operating lease liabilities |
|
$ |
30,190 |
|
|
$ |
13,450 |
|
Weighted average remaining lease term |
|
12 years |
|
|
10 years |
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Weighted average discount rate |
|
5.7% |
|
|
5.3% |
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Finance leases: |
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|
|
|
|
|
Finance lease ROU assets |
|
$ |
7,464 |
|
|
$ |
2,874 |
|
Finance lease liabilities: |
|
|
|
|
|
|
Finance lease liabilities, current |
|
$ |
620 |
|
|
$ |
257 |
|
Finance lease liabilities, non-current |
|
|
7,081 |
|
|
|
2,677 |
|
Total finance lease liabilities |
|
$ |
7,701 |
|
|
$ |
2,934 |
|
Weighted average remaining lease term |
|
14 years |
|
|
15 years |
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Weighted average discount rate |
|
5.7% |
|
|
5.5% |
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| Supplemental Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases was as follows:
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|
Year Ended May 31, |
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(in millions) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
Cash paid for amounts included in the measurement of lease liabilities: |
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|
|
|
|
|
|
|
|
Operating leases |
|
$ |
2,548 |
|
|
$ |
1,685 |
|
|
$ |
1,168 |
|
Finance leases |
|
$ |
452 |
|
|
$ |
27 |
|
|
$ |
— |
|
ROU assets obtained in exchange for lease obligations: |
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Operating leases |
|
$ |
18,246 |
|
|
$ |
6,970 |
|
|
$ |
4,246 |
|
Finance leases |
|
$ |
4,946 |
|
|
$ |
2,921 |
|
|
$ |
— |
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|
| Schedule of Maturities of Lease Liabilities |
Maturities of lease liabilities were as follows as of May 31, 2026 (in millions):
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Operating
Leases |
|
|
Finance
Leases |
|
Fiscal 2027 |
|
$ |
3,712 |
|
|
$ |
656 |
|
Fiscal 2028 |
|
|
3,603 |
|
|
|
676 |
|
Fiscal 2029 |
|
|
3,550 |
|
|
|
697 |
|
Fiscal 2030 |
|
|
3,550 |
|
|
|
718 |
|
Fiscal 2031 |
|
|
3,519 |
|
|
|
740 |
|
Thereafter |
|
|
23,933 |
|
|
|
7,973 |
|
Total lease payments |
|
|
41,867 |
|
|
|
11,460 |
|
Less: imputed interest |
|
|
(11,677 |
) |
|
|
(3,759 |
) |
Total lease liability |
|
$ |
30,190 |
|
|
$ |
7,701 |
|
29
|
| Unconditional Purchase and Certain Other Obligations |
As of May 31, 2026, our unconditional purchase and certain other obligations, which were primarily related to data center power arrangements, were as follows (in millions):
|
|
|
|
|
Fiscal 2027 |
|
$ |
1,841 |
|
Fiscal 2028 |
|
|
1,034 |
|
Fiscal 2029 |
|
|
1,053 |
|
Fiscal 2030 |
|
|
952 |
|
Fiscal 2031 |
|
|
896 |
|
Thereafter |
|
|
7,533 |
|
Total |
|
$ |
13,309 |
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