v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
Income Statement [Abstract]      
Revenue $ 8,795 $ 8,892 $ 9,424
Operating expenses:      
Salaries and employee benefits 4,276 4,157 4,177
Purchased transportation 807 807 873
Rentals 308 295 287
Depreciation and amortization 512 471 455
Fuel 486 457 571
Maintenance and repairs 343 362 358
Separation and other costs 492 0 0
Other 1,031 939 950
Total operating expenses 8,255 7,488 7,671
Operating income 540 1,404 1,753
Other income (expense):      
Interest expense (57) 0 0
Other, net 9 10 (4)
Total other income 344 398 326
Total income before income taxes 884 1,802 2,079
Provision for income taxes 229 456 505
Net income $ 655 $ 1,346 $ 1,574
Earnings per share:      
Basic (in dollar per share) $ 4.38 $ 9.00 $ 10.53
Diluted (in dollar per share) $ 4.38 $ 9.00 $ 10.53
Weighted-average shares outstanding:      
Basic (in shares) 149,505,248 149,505,248 149,505,248
Diluted (in shares) 149,505,248 149,505,248 149,505,248
Related Party      
Income Statement [Abstract]      
Revenue $ 158 $ 171 $ 136
Operating expenses:      
Salaries and employee benefits 285 292 253
Rentals 7 8 8
Depreciation and amortization 63 55 51
Maintenance and repairs 29 29 28
Other 232 244 233
Total operating expenses 616 628 573
Other income (expense):      
Related party interest income 351 388 330
Nonrelated Party      
Other income (expense):      
Related party interest income $ 41 $ 0 $ 0