There is a new "default" argument for min() and max():

    >>> min([], default=10)
    10

The new argument is not currently shown by help():

    >>> help(min)
    Help on built-in function min in module builtins:

    min(...)
        min(iterable[, key=func]) -> value
        min(a, b, c, ...[, key=func]) -> value
        
        With a single iterable argument, return its smallest item.
        With two or more arguments, return the smallest argument.

Here's a patch to update the min() and max() documentations.

key and default are keyword-only arguments, the signature should have a '*'.

Updated patch adressing Larry's comment. I also fixed a typo in the max() documentation. Thanks!

Rebased patch.

New changeset b60258f4499c by Raymond Hettinger in branch '3.4':
Issue 20620: Update the min()/max() docs for the new default argument.
http://hg.python.org/cpython/rev/b60258f4499c

Thanks for the patch.