v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 31, 2026
May 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 13,311 $ 5,502
Receivables, less allowances of $864 and $773 12,672 11,368
Spare parts, supplies, and fuel, less allowances of $324 and $308 669 602
Prepaid expenses and other 1,251 914
Total current assets 27,903 18,386
PROPERTY AND EQUIPMENT, AT COST    
Aircraft and related equipment 32,107 31,584
Package handling and ground support equipment 19,816 18,878
Information technology 9,942 9,706
Vehicles and trailers 11,150 10,949
Facilities and other 17,911 16,505
Total property and equipment, at cost 90,926 87,622
Less accumulated depreciation and amortization 48,882 45,980
Net property and equipment 42,044 41,642
OTHER LONG-TERM ASSETS    
Operating lease right-of-use assets, net 16,822 16,453
Goodwill 6,733 6,603
Other assets 5,435 4,543
Total other long-term assets 28,990 27,599
TOTAL ASSETS 98,937 87,627
CURRENT LIABILITIES    
Accrued expenses 5,725 4,995
Accounts payable 4,327 3,692
Accrued salaries and employee benefits 3,759 2,731
Operating lease liabilities 2,680 2,565
Current portion of long-term debt 1,676 1,428
Short-term borrowings 745 0
Total current liabilities 18,912 15,411
LONG-TERM DEBT, LESS CURRENT PORTION 23,293 19,151
OTHER LONG-TERM LIABILITIES    
Operating lease liabilities 14,549 14,272
Self-insurance accruals 4,413 4,033
Deferred income taxes 3,664 4,205
Pension, postretirement healthcare, and other benefit obligations 1,625 1,698
Other liabilities 834 783
Total other long-term liabilities 25,085 24,991
COMMITMENTS AND CONTINGENCIES
COMMON STOCKHOLDERS’ INVESTMENT    
Preferred Stock, Value, Issued 0 0
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of May 31, 2026 and 2025 32 32
Additional paid-in capital 4,717 4,290
Retained earnings 44,461 41,402
Accumulated other comprehensive loss (1,227) (1,362)
Treasury stock, at cost; 78 million shares as of May 31, 2026 and 80 million shares as of May 31, 2025 (16,336) (16,288)
Total common stockholders’ investment 31,647 28,074
TOTAL LIABILITIES AND COMMON STOCKHOLDERS’ INVESTMENT $ 98,937 $ 87,627