v3.26.1
LEASES (Tables)
 12 Months Ended
May 31, 2026
Leases [Abstract]  
Schedule of Net Lease Cost
The following table is a summary of the components of net lease cost for the period ended May 31 (in millions):
202620252024
Operating lease cost $258 $245 $236 
Finance lease cost:
Amortization of right-of-use assets 16 3 2 
Interest on lease liabilities 7 3 3 
Total finance lease cost 23 6 5 
Short-term lease cost 8 9 8 
Variable lease cost 42 39 41 
Net lease cost $331 $299 $290 
Supplemental cash flow information related to leases for the period ended May 31 is as follows (in millions):
202620252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases $250 $239 $232 
Operating cash flows paid for interest portion of finance leases 7 3 3 
Financing cash flows paid for principal portion of finance leases(1)
23 63 1 
Right-of-use assets obtained in exchange for new operating lease liabilities579 132 136 
Right-of-use assets obtained in exchange for new finance lease liabilities 212 94 — 
(1)“Principal payments on debt” in financing activities of the accompanying Consolidated Statements of Cash Flows includes finance lease liabilities.
Schedule of Supplemental Information Related to Leases
Supplemental information related to leases as of May 31 is as follows (dollars in millions):
20262025
Weighted-average remaining lease term:
Operating leases 9.28.3
Finance leases 6.19.1
Weighted-average discount rate:
Operating leases 4.42%3.96%
Finance leases 4.89%5.50%
Schedule of Future Minimum Lease Payments, Operating 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 at May 31, 2026 is as follows (in millions):
Operating
Leases 		Finance Leases Total Leases
2027$261 $55 $316 
2028259 56 315 
2029238 56 294 
2030228 55 283 
2031216 32 248 
Thereafter 1,162 55 1,217 
Total lease payments 2,364 309 2,673 
Less imputed interest (526)(46)(572)
Present value of lease liability $1,838 $263 $2,101 
Schedule of Future Minimum Lease Payments, 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 at May 31, 2026 is as follows (in millions):
Operating
Leases 		Finance Leases Total Leases
2027$261 $55 $316 
2028259 56 315 
2029238 56 294 
2030228 55 283 
2031216 32 248 
Thereafter 1,162 55 1,217 
Total lease payments 2,364 309 2,673 
Less imputed interest (526)(46)(572)
Present value of lease liability $1,838 $263 $2,101