v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
May 31, 2026
Accounting Policies [Abstract]  
Schedule of Property and Equipment
The depreciable lives and net book value of our property and equipment are as follows (dollars in millions):
Net Book Value at May 31,
Range 20262025
Vehicles and trailers
3 – 15 years
$1,582 $1,553 
Facilities and other
10 – 33 years
956 890 
Ground support and dock equipment
3 – 15 years
233 255 
Information technology
3 – 7 years
152 82 
Accounts Receivable, Allowance for Credit Loss
Changes in the allowance for credit losses for the years ended May 31 were as follows:
202620252024
Allowance, beginning of period$12 $8 $8 
Repurchases of previously factored accounts receivable96 — — 
Current period provision for expected credit losses91 19 11 
Write-offs charged against allowance(62)(15)(11)
Recoveries collected3 — — 
Allowance, end of period$140 $12 $8 
Changes in the allowance for revenue adjustments for the years ended May 31 were as follows:
202620252024
Allowance, beginning of period$2 $3 $3 
Repurchases of previously factored accounts receivable63 — — 
Current period provision for expected revenue adjustments101 8 11 
Write-offs charged against allowance(102)(9)(11)
Allowance, end of period$64 $2 $3 
Schedule of Revenue Adjustments
Changes in the allowance for credit losses for the years ended May 31 were as follows:
202620252024
Allowance, beginning of period$12 $8 $8 
Repurchases of previously factored accounts receivable96 — — 
Current period provision for expected credit losses91 19 11 
Write-offs charged against allowance(62)(15)(11)
Recoveries collected3 — — 
Allowance, end of period$140 $12 $8 
Changes in the allowance for revenue adjustments for the years ended May 31 were as follows:
202620252024
Allowance, beginning of period$2 $3 $3 
Repurchases of previously factored accounts receivable63 — — 
Current period provision for expected revenue adjustments101 8 11 
Write-offs charged against allowance(102)(9)(11)
Allowance, end of period$64 $2 $3