LEASES AND OTHER COMMITMENTS (Tables)
|
3 Months Ended |
Aug. 31, 2026 |
|---|
| Leases [Abstract] |
|
| Components of Lease Expense |
The components of lease expense were as follows:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
August 31, |
|
(in millions) |
|
2026 |
|
|
2025 |
|
Operating lease expense |
|
$ |
1,101 |
|
|
$ |
575 |
|
Finance lease expense: |
|
|
|
|
|
|
Amortization of ROU assets |
|
$ |
149 |
|
|
$ |
59 |
|
Interest on lease liabilities |
|
|
126 |
|
|
|
48 |
|
Total finance lease expense |
|
$ |
275 |
|
|
$ |
107 |
|
|
| Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases was as follows:
|
|
|
|
|
|
|
|
|
(in millions) |
|
August 31,
2026 |
|
|
May 31,
2026 |
|
Operating leases: |
|
|
|
|
|
|
Operating lease ROU assets |
|
$ |
33,967 |
|
|
$ |
29,690 |
|
Operating lease liabilities: |
|
|
|
|
|
|
Operating lease liabilities, current |
|
$ |
4,027 |
|
|
$ |
3,542 |
|
Operating lease liabilities, non-current |
|
|
30,594 |
|
|
|
26,648 |
|
Total operating lease liabilities |
|
$ |
34,621 |
|
|
$ |
30,190 |
|
Finance leases: |
|
|
|
|
|
|
Finance lease ROU assets |
|
$ |
8,856 |
|
|
$ |
7,464 |
|
Finance lease liabilities: |
|
|
|
|
|
|
Finance lease liabilities, current |
|
$ |
749 |
|
|
$ |
620 |
|
Finance lease liabilities, non-current |
|
|
8,436 |
|
|
|
7,081 |
|
Total finance lease liabilities |
|
$ |
9,185 |
|
|
$ |
7,701 |
|
|
| Supplemental Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases was as follows:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
August 31, |
|
(in millions) |
|
2026 |
|
|
2025 |
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
Operating leases |
|
$ |
950 |
|
|
$ |
567 |
|
Finance leases |
|
$ |
186 |
|
|
$ |
86 |
|
ROU assets obtained in exchange for lease obligations: |
|
|
|
|
|
|
Operating leases |
|
$ |
4,903 |
|
|
$ |
3,181 |
|
Finance leases |
|
$ |
1,539 |
|
|
$ |
1,122 |
|
|
| Schedule of Maturities of Lease Liabilities |
Maturities of lease liabilities were as follows as of August 31, 2026 (in millions):
|
|
|
|
|
|
|
|
|
|
|
Operating
Leases |
|
|
Finance
Leases |
|
Remainder of fiscal 2027 |
|
$ |
3,219 |
|
|
$ |
620 |
|
Fiscal 2028 |
|
|
4,135 |
|
|
|
852 |
|
Fiscal 2029 |
|
|
4,097 |
|
|
|
923 |
|
Fiscal 2030 |
|
|
4,109 |
|
|
|
947 |
|
Fiscal 2031 |
|
|
4,089 |
|
|
|
971 |
|
Fiscal 2032 |
|
|
4,030 |
|
|
|
996 |
|
Thereafter |
|
|
24,371 |
|
|
|
9,886 |
|
Total lease payments |
|
|
48,050 |
|
|
|
15,195 |
|
Less: imputed interest |
|
|
(13,429 |
) |
|
|
(6,010 |
) |
Total lease liability |
|
$ |
34,621 |
|
|
$ |
9,185 |
|
|
| Unconditional Purchase and Certain Other Obligations |
As of August 31, 2026, our unconditional purchase and certain other obligations with terms of one year or greater, which were primarily related to long-term supply arrangements for purchasing components for cloud infrastructure assets and power supply arrangements for data centers, were as follows (in millions):
|
|
|
|
|
Remainder of fiscal 2027 |
|
$ |
5,449 |
|
Fiscal 2028 |
|
|
6,176 |
|
Fiscal 2029 |
|
|
3,863 |
|
Fiscal 2030 |
|
|
4,318 |
|
Fiscal 2031 |
|
|
6,768 |
|
Fiscal 2032 |
|
|
954 |
|
Thereafter |
|
|
6,622 |
|
Total |
|
$ |
34,150 |
|
|