0000230211
2012-02-29
0000230211
2011-05-31
0000230211
2011-12-01
2012-02-29
0000230211
2010-12-01
2011-02-28
0000230211
2010-06-01
2011-02-28
0000230211
2011-06-01
2012-02-29
0000230211
2012-03-21
0000230211
2010-05-31
0000230211
2011-02-28
xbrli:shares
iso4217:USD
iso4217:USD
xbrli:shares
10-Q
2012-02-29
false
2012
Q3
Federal Express Corporation
0000230211
Yes
No
--05-31
Non-accelerated Filer
No
1000
747000000
1610000000
372000000
405000000
282000000
105000000
3521000000
23317000000
11711000000
11606000000
1177000000
1176000000
2353000000
17480000000
88000000
180000000
3733000000
11110000000
21622000000
607000000
1085000000
626000000
83000000
1016000000
90000000
2101000000
1645000000
16346000000
10512000000
398000000
367000000
169000000
418000000
895000000
1126000000
906000000
397000000
3742000000
239000000
2491000000
898000000
641000000
663000000
242000000
114000000
5049000000
608000000
7744000000
98000000
8450000000
17480000000
283000000
118000000
608000000
631000000
3312000000
244000000
7833000000
655000000
867000000
836000000
1084000000
1994000000
17000000
115000000
7107000000
4546000000
695000000
1092000000
16346000000
0.10
1000
1000
1000
1000
0.10
1000
1000
0
0
337000000
56000000
16742000000
6000000
1238000000
301000000
351000000
-59000000
769000000
1078000000
705000000
910000000
-20000000
-18000000
17524000000
464000000
2454000000
8000000
6363000000
156000000
-53000000
778000000
341000000
999000000
419000000
5738000000
231000000
491000000
-10000000
6636000000
330000000
-22000000
313000000
2255000000
2225000000
1502000000
263000000
296000000
110000000
265000000
418000000
729000000
2337000000
6012000000
100000000
782000000
2000000
540000000
898000000
176000000
5914000000
972000000
19178000000
860000000
6985000000
325000000
-38000000
637000000
962000000
1012000000
2251000000
1622000000
1032000000
1251000000
3193000000
28000000
18206000000
-10000000
500000000
277000000
2274000000
2015000000
-6000000
-2123000000
27000000
-27000000
-3000000
121000000
-12000000
32000000
372000000
58000000
2161000000
2038000000
546000000
12000000
-2123000000
-11000000
512000000
570000000
114000000
96000000
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">(1) </font><font style="font-family:Times New Roman;font-size:11pt;text-decoration:underline;">General</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES. </font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">These interim financial statements of Federal Express Corporation (“FedEx Express”) have been prepared in accordance with accounting principles generally accepted in the United States and Securities</font><font style="font-family:Times New Roman;font-size:11pt;"> and Exchange Commission </font><font style="font-family:Times New Roman;font-size:11pt;">instructions for interim financial information, and should be read in conjunction with our Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:11pt;">May 31,</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;"> (“Annual Report”). Accordingly, significant accounting policies and other disclosures normally </font><font style="font-family:Times New Roman;font-size:11pt;">pr</font><font style="font-family:Times New Roman;font-size:11pt;">ovided have been omitted since</font><font style="font-family:Times New Roman;font-size:11pt;"> s</font><font style="font-family:Times New Roman;font-size:11pt;">uch items are disclosed </font><font style="font-family:Times New Roman;font-size:11pt;">in our Annual Report</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (including normal recurring adjustments) necessary to present fairly our financial position as of </font><font style="font-family:Times New Roman;font-size:11pt;">February 29, 2012</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">the results of our operations </font><font style="font-family:Times New Roman;font-size:11pt;">for the three- and nine-</font><font style="font-family:Times New Roman;font-size:11pt;">month </font><font style="font-family:Times New Roman;font-size:11pt;">periods ended February 29, 2012 and </font><font style="font-family:Times New Roman;font-size:11pt;">February 28, </font><font style="font-family:Times New Roman;font-size:11pt;">2011 </font><font style="font-family:Times New Roman;font-size:11pt;">and cash flows </font><font style="font-family:Times New Roman;font-size:11pt;">for the </font><font style="font-family:Times New Roman;font-size:11pt;">nine-month</font><font style="font-family:Times New Roman;font-size:11pt;"> periods ended </font><font style="font-family:Times New Roman;font-size:11pt;">February 29,</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">2012</font><font style="font-family:Times New Roman;font-size:11pt;"> and </font><font style="font-family:Times New Roman;font-size:11pt;">February 28, </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;">. </font><font style="font-family:Times New Roman;font-size:11pt;">Operating results for the </font><font style="font-family:Times New Roman;font-size:11pt;">three- and nine-</font><font style="font-family:Times New Roman;font-size:11pt;">month </font><font style="font-family:Times New Roman;font-size:11pt;">period</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> ended </font><font style="font-family:Times New Roman;font-size:11pt;">February 29, 2012 </font><font style="font-family:Times New Roman;font-size:11pt;">are not necessarily indicative of the results that may be expected for the year ending </font><font style="font-family:Times New Roman;font-size:11pt;">May 31, 2012</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">We are a wholly owned subsidiary of FedEx Corporation (“FedEx”) engaged in a single line of business and operate in one business segment – the worldwide express transportation and distribution of goods and documents.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Except as otherwise specified, references to years indicate our fiscal year ending </font><font style="font-family:Times New Roman;font-size:11pt;">May 31, 2012</font><font style="font-family:Times New Roman;font-size:11pt;"> or ended May 31 of the year referenced and comparisons are to the corresponding period of the prior year.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">BUSINESS ACQUISITION. </font><font style="font-family:Times New Roman;font-size:11pt;"> On </font><font style="font-family:Times New Roman;font-size:11pt;">July 25, 2011, FedEx completed its acquisition of Servicios Nacionales Mupa, S.A. de C.V. (MultiPack), a Mexican domestic express package delivery company, for $128 million in cash from operations. The financial results of the acquired business are included in our results from the date of acquisition and were not material to our results of operations or financial condition. Substantially all of the purchase price was allocated to goodwill. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">EMPLOYEES UNDER COLLECTIVE BARGAINING ARRANGEMENTS. </font><font style="font-family:Times New Roman;font-size:11pt;"> Our pilots</font><font style="font-family:Times New Roman;font-size:11pt;">, which represent a</font><font style="font-family:Times New Roman;font-size:11pt;"> small number of our </font><font style="font-family:Times New Roman;font-size:11pt;">total employees, are employed under a collective bargaining agreement. D</font><font style="font-family:Times New Roman;font-size:11pt;">uring the fourth quarter of 2011</font><font style="font-family:Times New Roman;font-size:11pt;"> the pilots ratified a new labor contract that includes safety initiatives, increases in hourly pay rates and travel per diem rates, and provis</font><font style="font-family:Times New Roman;font-size:11pt;">ions for opening a European</font><font style="font-family:Times New Roman;font-size:11pt;"> crew</font><font style="font-family:Times New Roman;font-size:11pt;"> base</font><font style="font-family:Times New Roman;font-size:11pt;">. </font><font style="font-family:Times New Roman;font-size:11pt;">The new contract becomes amendable in March 2013 as the pilot's union determined, during the third quarter of 2012, not to exercise its option to shorten the contract. </font><font style="font-family:Times New Roman;font-size:11pt;">In addition t</font><font style="font-family:Times New Roman;font-size:11pt;">o our pilots, certain of our</font><font style="font-family:Times New Roman;font-size:11pt;"> non-U.S. employees are unionized.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">STOCK-BASED COMPENSATION. </font><font style="font-family:Times New Roman;font-size:11pt;">FedEx has two types of equity-based compensation: stock options and restricted stock. The key terms of the stock option and restricted stock awards granted under FedEx's incentive stock plans are set forth in FedEx's Annual Report.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Our</font><font style="font-family:Times New Roman;font-size:11pt;"> stock-based compensation expense </font><font style="font-family:Times New Roman;font-size:11pt;">was $</font><font style="font-family:Times New Roman;font-size:11pt;">7</font><font style="font-family:Times New Roman;font-size:11pt;"> million for the</font><font style="font-family:Times New Roman;font-size:11pt;"> three-mont</font><font style="font-family:Times New Roman;font-size:11pt;">h period ended February 29, 2012</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">and </font><font style="font-family:Times New Roman;font-size:11pt;">$</font><font style="font-family:Times New Roman;font-size:11pt;">26 </font><font style="font-family:Times New Roman;font-size:11pt;">million</font><font style="font-family:Times New Roman;font-size:11pt;"> for the</font><font style="font-family:Times New Roman;font-size:11pt;"> nine</font><font style="font-family:Times New Roman;font-size:11pt;">-mont</font><font style="font-family:Times New Roman;font-size:11pt;">h period ended February 29, 2012</font><font style="font-family:Times New Roman;font-size:11pt;">. </font><font style="font-family:Times New Roman;font-size:11pt;">Our </font><font style="font-family:Times New Roman;font-size:11pt;">stock-ba</font><font style="font-family:Times New Roman;font-size:11pt;">sed compensation expense was $</font><font style="font-family:Times New Roman;font-size:11pt;">6</font><font style="font-family:Times New Roman;font-size:11pt;"> million for the three-month period ended</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">February 28, 2011</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">and $23</font><font style="font-family:Times New Roman;font-size:11pt;"> million for the nine</font><font style="font-family:Times New Roman;font-size:11pt;">-mont</font><font style="font-family:Times New Roman;font-size:11pt;">h period ended February 28, 2011</font><font style="font-family:Times New Roman;font-size:11pt;">. </font><font style="font-family:Times New Roman;font-size:11pt;">This amount represents the amount charged to us by FedEx for awards granted to our employees.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">LONG-TERM DEBT.</font><font style="font-family:Times New Roman;font-size:11pt;"> Long-term debt, exclusive of capital leases, had carrying value</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">of $</font><font style="font-family:Times New Roman;font-size:11pt;">539 </font><font style="font-family:Times New Roman;font-size:11pt;">million</font><font style="font-family:Times New Roman;font-size:11pt;"> at </font><font style="font-family:Times New Roman;font-size:11pt;">February 29, 2012 </font><font style="font-family:Times New Roman;font-size:11pt;">and May 31, 2011, </font><font style="font-family:Times New Roman;font-size:11pt;">compared with estimated fair value</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> of $</font><font style="font-family:Times New Roman;font-size:11pt;">634</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">million</font><font style="font-family:Times New Roman;font-size:11pt;"> at</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">February 29,</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">2012</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">and </font><font style="font-family:Times New Roman;font-size:11pt;">$</font><font style="font-family:Times New Roman;font-size:11pt;">620</font><font style="font-family:Times New Roman;font-size:11pt;"> million at</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">May 31, 2011</font><font style="font-family:Times New Roman;font-size:11pt;">. The estimated fair values were determined based on quoted market prices or on the current rates offered for debt with similar terms and maturities.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">NEW ACCOUNTING GUIDANCE.</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:11pt;">New accounting rules and disclosure requirements can significantly impact our reported results and the comparability of our financial statements. See our Annual Report for a discussion of the impact of new accounting guidance issued but not yet effective as of May 31, 2011. We believe that no new accounting guidance was adopted or issu</font><font style="font-family:Times New Roman;font-size:11pt;">ed during the </font><font style="font-family:Times New Roman;font-size:11pt;">nine months</font><font style="font-family:Times New Roman;font-size:11pt;"> of 2012 that is relevant to the readers of our financial statements. However, there are numerous new proposals under development which, if and when enacted, may have a significant impact on our financial reporting.</font></p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">(2) </font><font style="font-family:Times New Roman;font-size:11pt;text-decoration:underline;">Comprehensive Income </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">The following table</font><font style="font-family:Times New Roman;font-size:11pt;">s provide</font><font style="font-family:Times New Roman;font-size:11pt;"> a reconciliation of net income reported in our financial statements to comprehensive income for </font><font style="font-family:Times New Roman;font-size:11pt;">the </font><font style="font-family:Times New Roman;font-size:11pt;">periods ended February 29</font><font style="font-family:Times New Roman;font-size:11pt;">, 2012 and February 28, 2011</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">(in millions):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td colspan="5" style="width: 220px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:220px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td colspan="2" style="width: 105px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:105px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 19px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td></tr><tr style="height: 10px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td colspan="3" style="width: 425px; text-align:left;border-color:#000000;min-width:425px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Net income</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 231</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 100</font></td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td colspan="3" style="width: 425px; text-align:left;border-color:#000000;min-width:425px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Other comprehensive income:</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; text-align:left;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td colspan="2" style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Foreign currency translation adjustments, net of</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 20px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">tax of $15 in 2012 and $3 in 2011</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 63</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 32</font></td></tr><tr style="height: 20px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td colspan="2" style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization of unrealized pension actuarial gains/losses,</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">net of tax of $2 in 2012</font></td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 3</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 10px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 17px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td colspan="3" style="width: 425px; text-align:left;border-color:#000000;min-width:425px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Comprehensive income</font></td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 297</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 132</font></td></tr><tr style="height: 20px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td colspan="5" style="width: 220px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:220px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Nine Months Ended</font></td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td colspan="2" style="width: 105px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:105px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 19px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td></tr><tr style="height: 10px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td colspan="3" style="width: 425px; text-align:left;border-color:#000000;min-width:425px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Net income</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 637</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 464</font></td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td colspan="3" style="width: 425px; text-align:left;border-color:#000000;min-width:425px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Other comprehensive income:</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; text-align:left;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td colspan="2" style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Foreign currency translation adjustments, net of</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">tax of $5 in 2012 and $19 in 2011</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> (24)</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 101</font></td></tr><tr style="height: 20px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td colspan="2" style="width: 419px; text-align:left;border-color:#000000;min-width:419px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization of unrealized pension actuarial gains/losses,</font></td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; text-align:right;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">net of tax of $3 in 2012</font></td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 4</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 10px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 402px; text-align:left;border-color:#000000;min-width:402px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 88px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:88px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 17px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td colspan="3" style="width: 425px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:425px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Comprehensive income</font></td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 88px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 617</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 565</font></td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">(3) </font><font style="font-family:Times New Roman;font-size:11pt;text-decoration:underline;">Retirement Plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">We sponsor or participate in programs that provide retirement benefits to most of our employees. These programs include defined benefit pension plans, defined contribution plans and postretirement healthcare plans. A majority of our employees are covered by the FedEx Corporation Employees' Pension Plan (“FedEx Plan”), a defined benefit pension plan sponsored by FedEx. The FedEx Plan covers certain U.S. employees age 21 and over with at least one year of service and provides benefits primarily based on earnings, age and years of service. Defined contribution plans covering a majority of U.S. employees and certain international employees are in place. We also sponsor or participate in nonqualified benefit plans covering certain of our U.S. employee groups and other pension plans covering certain of our international employees. For more information, refer to the financial statements of FedEx included in its Form 10-Q for the quarter ended February 29, 2012.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td colspan="14" style="width: 754px; text-align:left;border-color:#000000;min-width:754px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Our retirement plans costs for the periods ended February 29, 2012 and February 28, 2011 were as follows (in millions):</font></td></tr><tr style="height: 20px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 350px; text-align:left;border-color:#000000;min-width:350px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td></tr><tr style="height: 20px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 350px; text-align:left;border-color:#000000;min-width:350px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="5" style="width: 176px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:176px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td colspan="5" style="width: 168px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:168px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Nine Months Ended</font></td></tr><tr style="height: 18px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 350px; text-align:left;border-color:#000000;min-width:350px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td colspan="2" style="width: 77px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 23px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:23px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Pension plans sponsored by FedEx</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 81</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 80</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 241</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 241</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Other U.S. domestic and international pension plans</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 13</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 12</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 34</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 33</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">U.S. domestic and international defined contribution</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td></tr><tr style="height: 18px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 350px; text-align:left;border-color:#000000;min-width:350px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">plans</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 54</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 46</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 162</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 121</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Postretirement healthcare plans</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 14</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 12</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 42</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 36</font></td></tr><tr style="height: 10px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 350px; text-align:left;border-color:#000000;min-width:350px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:63px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:62px;"> </td></tr><tr style="height: 18px"><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 350px; text-align:left;border-color:#000000;min-width:350px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 162</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 150</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 479</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 431</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">The three-</font><font style="font-family:Times New Roman;font-size:11pt;"> and nine</font><font style="font-family:Times New Roman;font-size:11pt;">-</font><font style="font-family:Times New Roman;font-size:11pt;">month period</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> ended </font><font style="font-family:Times New Roman;font-size:11pt;">February 29, 2012</font><font style="font-family:Times New Roman;font-size:11pt;"> reflect</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">the full restoration on January 1, 2011 of company-matching contributions for our 401(k) plans.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">The components of the net periodic benefit cost of the pension and postretirement healthcare plans currently sponsored by us were individually immaterial for all periods presented. No material contributions were made during the first </font><font style="font-family:Times New Roman;font-size:11pt;">nine</font><font style="font-family:Times New Roman;font-size:11pt;"> months</font><font style="font-family:Times New Roman;font-size:11pt;"> of 2012 or 2011</font><font style="font-family:Times New Roman;font-size:11pt;"> to pension plans sponsored by us, and we do not expect to mak</font><font style="font-family:Times New Roman;font-size:11pt;">e material contributions in</font><font style="font-family:Times New Roman;font-size:11pt;"> 2012</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">(4) </font><font style="font-family:Times New Roman;font-size:11pt;text-decoration:underline;">Commitments </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">As of February 29, 2012, our purchase commitments under various contracts for the remainder of 2012 and annually thereafter were as follows (in millions):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 117px; text-align:left;border-color:#000000;min-width:117px;"> </td><td colspan="2" style="width: 118px; text-align:center;border-color:#000000;min-width:118px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Aircraft and</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td colspan="2" style="width: 89px; text-align:center;border-color:#000000;min-width:89px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 117px; text-align:left;border-color:#000000;min-width:117px;"> </td><td colspan="2" style="width: 118px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:118px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Aircraft-Related</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td colspan="2" style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Other</font><sup>(1)</sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td colspan="2" style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;"> Total </font></td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 10px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 117px; text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 104px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:104px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:75px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2012 (remainder)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 104px; text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 279</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 1</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 280</font></td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 104px; text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 743</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 12</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 755</font></td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 104px; text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 540</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 12</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 552</font></td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 104px; text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 734</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 8</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 742</font></td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2016</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 104px; text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 749</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 31</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 780</font></td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Thereafter</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 104px; text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 6,415</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 103</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 6,518</font></td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 117px; text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 104px; text-align:left;border-color:#000000;min-width:104px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr><tr style="height: 18px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"><sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">(1)</font></sup> </td><td colspan="12" style="width: 625px; text-align:left;border-color:#000000;min-width:625px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Primarily advertising and promotions contracts.</font></td></tr><tr style="height: 10px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 117px; text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 104px; text-align:left;border-color:#000000;min-width:104px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 119px; text-align:left;border-color:#000000;min-width:119px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">The amounts reflected in the table above for purchase commitments represent noncancelable agreements to purchase goods or services</font><font style="font-family:Times New Roman;font-size:11pt;">. Our obligation to purchase 13</font><font style="font-family:Times New Roman;font-size:11pt;"> Boeing 777 Freighters (“B777F”) is conditioned upon there being no event that causes us or our employees not to be covered by the Railway Labor Act of 1926, as amended</font><font style="font-family:Times New Roman;font-size:11pt;"> (“RLA”)</font><font style="font-family:Times New Roman;font-size:11pt;">. Commitments to purchase aircraft in passenger configuration do not include the attendant costs to modify these aircraft for cargo transport unless we have entered into noncancelable commitments to modify such aircraft.  Open purchase orders that are cancelable are not considered unconditional purchase obligations for financial reporting purposes and are not included in the table above.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">In December 2011, we entered into an agreement to acquire 27 new Boeing 767-300 Freighter (“B767F”) aircraft, with the first three arriving in 2014 followed by six per year from 2015 to 2018. </font><font style="font-family:Times New Roman;font-size:11pt;">In conjunction with the execution of the B767F aircraft purchase agreement</font><font style="font-family:Times New Roman;font-size:11pt;">, we </font><font style="font-family:Times New Roman;font-size:11pt;">also delayed the delivery of nine B777F aircraft</font><font style="font-family:Times New Roman;font-size:11pt;">, five of which were deferred from 2014 and one per year from 2015 to 2018, to better align air network capacity to demand. </font><font style="font-family:Times New Roman;font-size:11pt;">We a</font><font style="font-family:Times New Roman;font-size:11pt;">lso removed the RLA condition from</font><font style="font-family:Times New Roman;font-size:11pt;"> two of the 15 B777F</font><font style="font-family:Times New Roman;font-size:11pt;"> aircraft (bringing the number of purchase obligations subject to the condition to 13) and </font><font style="font-family:Times New Roman;font-size:11pt;">exercised two B777F options for aircraft to be delivered at the end of the delivery schedule.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">We had $</font><font style="font-family:Times New Roman;font-size:11pt;">734</font><font style="font-family:Times New Roman;font-size:11pt;"> million in</font><font style="font-family:Times New Roman;font-size:11pt;"> deposits and progress payments as of </font><font style="font-family:Times New Roman;font-size:11pt;">February</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">29, 20</font><font style="font-family:Times New Roman;font-size:11pt;">1</font><font style="font-family:Times New Roman;font-size:11pt;">2</font><font style="font-family:Times New Roman;font-size:11pt;"> on aircraft purchases and other planned aircraft-</font><font style="font-family:Times New Roman;font-size:11pt;">related transactions</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;"> These deposits are classified in the “Other assets” caption of our condensed consolidated balance sheets. In addition to our commitment to purchase B777Fs</font><font style="font-family:Times New Roman;font-size:11pt;"> and B767</font><font style="font-family:Times New Roman;font-size:11pt;">F</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;">, o</font><font style="font-family:Times New Roman;font-size:11pt;">ur aircraft purchase commitments include the Boeing 757 (“B757”) in passenger configuration, which </font><font style="font-family:Times New Roman;font-size:11pt;">will </font><font style="font-family:Times New Roman;font-size:11pt;">require additional costs to modify for cargo transport.</font><font style="font-family:Times New Roman;font-size:11pt;"> Aircraft and aircraft-related contracts ar</font><font style="font-family:Times New Roman;font-size:11pt;">e subject to price escalations. </font><font style="font-family:Times New Roman;font-size:11pt;">The following table is a summary of </font><font style="font-family:Times New Roman;font-size:11pt;">the key</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">aircraft </font><font style="font-family:Times New Roman;font-size:11pt;">we are committed to purchase as of</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">February 29, 2012,</font><font style="font-family:Times New Roman;font-size:11pt;"> with the y</font><font style="font-family:Times New Roman;font-size:11pt;">ear of expected delivery</font><font style="font-family:Times New Roman;font-size:11pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 137px; text-align:left;border-color:#000000;min-width:137px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">B777F</font></td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">B767F</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">B757</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font><sup></sup></td><td style="width: 321px; text-align:center;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 10px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 137px; text-align:left;border-color:#000000;min-width:137px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:86px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:83px;"> <sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 171px; text-align:left;border-color:#000000;min-width:171px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2012 (remainder)</font></td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 2</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> -</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 5</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 7</font><sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 171px; text-align:left;border-color:#000000;min-width:171px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 4</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> -</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 8</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 12</font><sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 171px; text-align:left;border-color:#000000;min-width:171px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 2</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 3</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> -</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 5</font><sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 171px; text-align:left;border-color:#000000;min-width:171px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 2</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 6</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> -</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 8</font><sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 171px; text-align:left;border-color:#000000;min-width:171px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2016</font></td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 2</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 6</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> -</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 8</font><sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 171px; text-align:left;border-color:#000000;min-width:171px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Thereafter</font></td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 18</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 12</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> -</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 30</font><sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 171px; text-align:left;border-color:#000000;min-width:171px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Total</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 30</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 27</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 13</font><sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 70</font><sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr><tr style="height: 18px"><td style="width: 34px; text-align:left;border-color:#000000;min-width:34px;"> </td><td style="width: 137px; text-align:left;border-color:#000000;min-width:137px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 86px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:86px;"> <sup></sup></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 83px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:83px;"> <sup></sup></td><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td colspan="15" style="width: 766px; text-align:left;border-color:#000000;min-width:766px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">A summary of future minimum lease payments under capital leases and noncancelable operating leases with an initial or remaining term in excess of one year at February 29, 2012 is as follows (in millions):</font></td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 223px; text-align:left;border-color:#000000;min-width:223px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 223px; text-align:left;border-color:#000000;min-width:223px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:center;border-color:#000000;min-width:78px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td colspan="8" style="width: 341px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Operating Leases</font></td><td style="width: 46px; text-align:center;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 223px; text-align:left;border-color:#000000;min-width:223px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 103px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Aircraft</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 103px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td><td style="width: 46px; text-align:center;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 223px; text-align:left;border-color:#000000;min-width:223px;"> </td><td colspan="2" style="width: 92px; text-align:center;border-color:#000000;min-width:92px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Capital</font></td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 103px; text-align:center;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">and Related</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 103px; text-align:center;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Facilities</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 103px; text-align:center;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Operating</font></td><td style="width: 46px; text-align:center;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 223px; text-align:left;border-color:#000000;min-width:223px;"> </td><td colspan="2" style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:92px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Leases</font></td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 103px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Equipment</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 103px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;"> and Other</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td colspan="2" style="width: 103px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:103px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Leases</font></td><td style="width: 46px; text-align:center;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 10px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 223px; text-align:left;border-color:#000000;min-width:223px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:78px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2012 (remainder)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 3</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 84</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 176</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 260</font></td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 118</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 486</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 660</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 1,146</font></td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 462</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 574</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 1,036</font></td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 448</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 536</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 984</font></td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2016</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 453</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 420</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 873</font></td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Thereafter</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> -</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 1,541</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,658</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 5,199</font></td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Total</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 121</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 3,474</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 6,024</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 9,498</font></td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 10px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 223px; text-align:left;border-color:#000000;min-width:223px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Less amount representing interest</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 3</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td colspan="3" style="width: 271px; text-align:left;border-color:#000000;min-width:271px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Present value of net minimum lease</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td colspan="2" style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">payments</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 118</font></td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:center;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr><tr style="height: 18px"><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 223px; text-align:left;border-color:#000000;min-width:223px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">(5) </font><font style="font-family:Times New Roman;font-size:11pt;text-decoration:underline;">Contingencies</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">ATA Airlines. </font><font style="font-family:Times New Roman;font-size:11pt;">In October 2010, a jury returned a verdict in favor of ATA Airlines in its breach of contract lawsuit against us and awarded damages of $66 million, and in January 2011, the court awarded ATA pre-judgment interest of $5 million. In December 2011, the Seventh Circuit overturned the entire judgment entered against us. ATA Airlines requested the Seventh Circuit to rehear oral argument on appeal, and in February 2012, the Seventh Circuit denied the request. </font><font style="font-family:Times New Roman;font-size:11pt;">The time for fi</font><font style="font-family:Times New Roman;font-size:11pt;">ling further appeal has passed. </font><font style="font-family:Times New Roman;font-size:11pt;">We have reversed the $66 million accrual established in the second </font><font style="font-family:Times New Roman;font-size:11pt;">quarter of 2011.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">California Paystub Class Action</font><font style="font-family:Times New Roman;font-size:11pt;">. A federal court in California ruled in April 2011 that paystubs for certain FedEx Express employees in California did not meet that state's requirements to reflect pay period begin date, total overtime hours worked and the correct overtime wage rate. The ruling came in a class action lawsuit filed by a former courier seeking damages on behalf of herself and all other FedEx Express employees in California that allegedly received noncompliant paystubs. The court certified the class in June 2011. The court has ruled that we are liable to the State of California, and there will be a ruling as to whether we are liable to class members who can prove they were injured by the paystub deficiencies. The judge has not yet decided on the amount, if any, of liability to the State of California or to the c</font><font style="font-family:Times New Roman;font-size:11pt;">lass, but has wide discretion. Prior to any decision on the amount of liability, w</font><font style="font-family:Times New Roman;font-size:11pt;">e reached an agreement to settle this matter for an immaterial amount in October 2011, subject to approval by the court. The court preliminarily approved the proposed settlement in January 2012. Class notices were mailed in March 2012.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">Other. </font><font style="font-family:Times New Roman;font-size:11pt;">FedEx Express and its subsidiaries are subject to other legal proceedings that arise in the ordinary course of their business. In the opinion of management, the aggregate liability, if any, with respect to these other actions will not have a material adverse effect on our financial position, results of operations or cash flows.</font></p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">(6) </font><font style="font-family:Times New Roman;font-size:11pt;text-decoration:underline;">Parent/Affiliate Transactions</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Affiliate company balances that are currently receivable or payable relate to charges for services provided to or by other FedEx affiliates, which are settled on a monthly basis, or the net activity from participation in FedEx's consolidated cash management program. In addition, we are allocated net interest on these amounts at market rates. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">We maintain an accounts receivable arrangement with FedEx </font><font style="font-family:Times New Roman;font-size:11pt;">TechConnect, Inc. (“FedEx TechConnect”</font><font style="font-family:Times New Roman;font-size:11pt;">), a wholly owned subsidiary of FedEx Corporate Services, Inc. (“FedEx Services”). FedEx Services is a wholly owned subsidiary of FedEx. Under this arrangement, </font><font style="font-family:Times New Roman;font-size:11pt;">we recognize revenue for the transportation services provided to our U.S. customers and factor the related receivables to F</font><font style="font-family:Times New Roman;font-size:11pt;">edEx TechConnect</font><font style="font-family:Times New Roman;font-size:11pt;"> for collection. We have no continuing </font><font style="font-family:Times New Roman;font-size:11pt;">involvement with the receivables transferred to </font><font style="font-family:Times New Roman;font-size:11pt;">FedEx TechConnect</font><font style="font-family:Times New Roman;font-size:11pt;">. Our net receivables recorded by F</font><font style="font-family:Times New Roman;font-size:11pt;">edEx TechConnect</font><font style="font-family:Times New Roman;font-size:11pt;"> totaled $</font><font style="font-family:Times New Roman;font-size:11pt;">1.</font><font style="font-family:Times New Roman;font-size:11pt;">3</font><font style="font-family:Times New Roman;font-size:11pt;"> billion</font><font style="font-family:Times New Roman;font-size:11pt;"> at </font><font style="font-family:Times New Roman;font-size:11pt;">February 29, 2012</font><font style="font-family:Times New Roman;font-size:11pt;"> and </font><font style="font-family:Times New Roman;font-size:11pt;">$1.4</font><font style="font-family:Times New Roman;font-size:11pt;"> billion at </font><font style="font-family:Times New Roman;font-size:11pt;">May 31, 20</font><font style="font-family:Times New Roman;font-size:11pt;">11</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">The costs of the FedEx Services segment are allocated to us and are included in the expense line item “Intercompany charges” based on metrics such as relative revenues or estimated services provided. We believe these allocations approximate the net cost of the functions provided by the FedEx Services segment.</font></p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">(7) </font><font style="font-family:Times New Roman;font-size:11pt;text-decoration:underline;">Supplemental Cash Flow Information</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Cash paid for interest expense and income taxes for the </font><font style="font-family:Times New Roman;font-size:11pt;">nine</font><font style="font-family:Times New Roman;font-size:11pt;">-mont</font><font style="font-family:Times New Roman;font-size:11pt;">h periods ended February 29</font><font style="font-family:Times New Roman;font-size:11pt;">, 2012 and February 28, 2011 </font><font style="font-family:Times New Roman;font-size:11pt;">was as follows </font><font style="font-family:Times New Roman;font-size:11pt;">(in millions):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td colspan="2" style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 159px; text-align:left;border-color:#000000;min-width:159px;"> </td><td style="width: 37px; text-align:left;border-color:#000000;min-width:37px;"> </td></tr><tr style="height: 20px"><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:73px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:73px;"> </td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 159px; text-align:left;border-color:#000000;min-width:159px;"> </td><td style="width: 37px; text-align:left;border-color:#000000;min-width:37px;"> </td></tr><tr style="height: 20px"><td colspan="3" style="width: 294px; text-align:left;border-color:#000000;min-width:294px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Cash payments for:</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 159px; text-align:left;border-color:#000000;min-width:159px;"> </td><td style="width: 37px; text-align:left;border-color:#000000;min-width:37px;"> </td></tr><tr style="height: 21px"><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td colspan="2" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Interest (net of capitalized interest)</font></td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 73px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 73px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 9</font></td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 159px; text-align:left;border-color:#000000;min-width:159px;"> </td><td style="width: 37px; text-align:left;border-color:#000000;min-width:37px;"> </td></tr><tr style="height: 20px"><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:73px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:73px;"> </td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 159px; text-align:left;border-color:#000000;min-width:159px;"> </td><td style="width: 37px; text-align:left;border-color:#000000;min-width:37px;"> </td></tr><tr style="height: 18px"><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td colspan="2" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Income taxes</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 212</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 259</font></td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 159px; text-align:left;border-color:#000000;min-width:159px;"> </td><td style="width: 37px; text-align:left;border-color:#000000;min-width:37px;"> </td></tr><tr style="height: 18px"><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td colspan="2" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Income tax refunds received</font></td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> (270)</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 73px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> (256)</font></td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 159px; text-align:left;border-color:#000000;min-width:159px;"> </td><td style="width: 37px; text-align:left;border-color:#000000;min-width:37px;"> </td></tr><tr style="height: 18px"><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td colspan="2" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Cash tax payments, net</font></td><td style="width: 17px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 73px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> (58)</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 73px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 3</font></td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;"> </td><td style="width: 159px; text-align:left;border-color:#000000;min-width:159px;"> </td><td style="width: 37px; text-align:left;border-color:#000000;min-width:37px;"> </td></tr></table></div>