v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
May 31, 2026
CURRENT ASSETS    
Cash and cash equivalents $ 7,961 $ 13,060
Receivables, less allowances of $595 and $659 10,886 11,518
Short-term investment 3,254 0
Prepaid expenses and other 2,256 1,189
Spare parts, supplies, and fuel, less allowances of $299 and $324 646 648
Current assets of discontinued operations 0 1,488
Total current assets 25,003 27,903
PROPERTY AND EQUIPMENT, NET 39,686 39,122
OTHER LONG-TERM ASSETS    
Operating lease right-of-use assets, net 14,407 14,997
Goodwill and other assets 11,329 11,508
Equity method investment 2,501 0
Non-current assets of discontinued operations 0 5,407
Total other long-term assets 28,237 31,912
TOTAL ASSETS 92,926 98,937
CURRENT LIABILITIES    
Accrued and other liabilities 9,651 9,577
Accounts and notes payable 6,959 4,966
Accrued salaries and employee benefits 2,230 3,371
Current liabilities of discontinued operations 0 998
Total current liabilities 18,840 18,912
LONG-TERM DEBT, LESS CURRENT PORTION 17,304 18,808
OTHER LONG-TERM LIABILITIES    
Operating lease liabilities 12,262 12,883
Self-insurance accruals 4,320 4,400
Deferred income taxes 3,011 3,443
Other liabilities 2,621 2,456
Non-current liabilities of discontinued operations 0 6,388
Total other long-term liabilities 22,214 29,570
COMMITMENTS AND CONTINGENCIES (NOTE 10, NOTE 11)
COMMON STOCKHOLDERS’ INVESTMENT    
Common stock, $0.10 par value; 800000000 million shares authorized; 318000000 million shares issued as of September 30, 2026 and May 31, 2026 32 32
Additional paid-in capital 4,861 4,717
Retained earnings 49,677 44,461
Accumulated other comprehensive loss (1,766) (1,227)
Treasury stock, at cost; 84000000 million shares as of September 30, 2026 and 78000000 million shares as of May 31, 2026 (18,236) (16,336)
Total common stockholders’ investment 34,568 31,647
TOTAL LIABILITIES AND COMMON STOCKHOLDERS’ INVESTMENT $ 92,926 $ 98,937