v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
May 31, 2026
Current assets    
Cash $ 388 $ 251
Receivables, less allowances of $196 and $204 1,262 1,154
Due from Parent 0 18
Prepaid expenses and other 196 83
Total current assets 1,846 1,506
Property and equipment    
Property and equipment, at cost 6,671 6,670
Less accumulated depreciation and amortization 3,764 3,747
Net property and equipment 2,907 2,923
Other long-term assets    
Operating lease right-of-use assets, net 1,822 1,824
Goodwill 602 602
Other assets 39 29
Total other long-term assets 2,463 2,455
TOTAL ASSETS 7,216 6,884
Current liabilities    
Current portion of long-term debt 45 43
Accrued salaries and employee benefits 305 389
Accounts payable 210 106
Operating lease liabilities 162 172
Accrued expenses 414 283
Total current liabilities 1,136 993
Long-term liabilities    
Long-term debt, less current portion 4,376 4,484
Deferred income taxes 209 220
Self-insurance accruals 43 13
Operating lease liabilities 1,679 1,666
Other liabilities 25 5
Total long-term liabilities 6,332 6,388
Commitments and contingencies
(Deficit) equity    
Common stock, $0.10 par value; 500 million shares authorized; 150 million shares issued and outstanding as of September 30, 2026 and 150 million shares authorized, issued, and outstanding as of May 31, 2026 15 15
Additional paid-in capital 19 0
Accumulated deficit (280) (509)
Accumulated other comprehensive loss (6) (3)
Total (deficit) equity (252) (497)
TOTAL LIABILITIES AND (DEFICIT) EQUITY $ 7,216 $ 6,884