| CURRENT ASSETS |
| Cash and cash equivalents |
3.37B |
| Receivables, less allowances of $182 and $166 |
4.95B |
| Spare parts, supplies and fuel, less allowances of $169 and $170 |
460M |
| Deferred income taxes |
510M |
| Prepaid expenses and other |
453M |
| Total current assets |
9.75B |
| PROPERTY AND EQUIPMENT, AT COST |
| Aircraft and related equipment |
| Package handling and ground support equipment |
| Computer and electronic equipment |
| Vehicles |
| Facilities and other |
| Gross property and equipment |
38.11B |
| Less accumulated depreciation and amortization |
19.79B |
| Net property and equipment |
18.33B |
| OTHER LONG-TERM ASSETS |
| Goodwill |
2.77B |
| Other assets |
992M |
| Total other long-term assets |
3.76B |
| ASSETS |
31.83B |
| CURRENT LIABILITIES |
| Current portion of long-term debt |
251M |
| Accrued salaries and employee benefits |
1.4B |
| Accounts payable |
1.73B |
| Accrued expenses |
1.72B |
| Total current liabilities |
5.1B |
| LONG-TERM DEBT, LESS CURRENT PORTION |
1.99B |
| OTHER LONG-TERM LIABILITIES |
| Deferred income taxes |
1.14B |
| Pension, postretirement healthcare and other benefit obligations |
5.36B |
| Self-insurance accruals |
989M |
| Deferred lease obligations |
766M |
| Deferred gains, principally related to aircraft transactions |
234M |
| Other liabilities |
139M |
| Total other long-term liabilities |
8.63B |
| COMMITMENTS AND CONTINGENCIES |
| COMMON STOCKHOLDERS' INVESTMENT |
| Common stock, $0.10 par value; 800 million shares authorized; 317 million shares issued as of May 31, 2011 and 314 million shares issued as of May 31, 2010 |
32M |
| Additional paid-in capital |
2.62B |
| Retained earnings |
18.22B |
| Accumulated other comprehensive loss |
-4.71B |
| Treasury stock, at cost |
-49M |
| Total common stockholders' investment |
16.11B |
| LIABILITIES AND STOCKHOLDERS' INVESTMENT |
31.83B |
