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Summary of Quarterly Operating Results (Unaudited) (Tables) | 12 Months Ended
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May. 31, 2015
Quarterly Operating Results (Tables) [Abstract] |
Summary of Quarterly Operating Results (Unaudited) |
|  | First |  | Second |  | Third |  | Fourth |  |
(in millions, except per share amounts) | Quarter |  | Quarter |  | Quarter |  | Quarter |  |
2015(1) |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 11,684 |  | $ | 11,939 |  | $ | 11,716 |  | $ | 12,114 |  |
Operating income (loss) |  | 1,062 |  |  | 1,088 |  |  | 1,038 |  |  | (1,321) |  |
Net income (loss) |  | 653 |  |  | 663 |  |  | 628 |  |  | (895) |  |
Basic earnings (loss) per common share(2) |  | 2.29 |  |  | 2.34 |  |  | 2.21 |  |  | (3.16) |  |
Diluted earnings (loss) per common share(2) |  | 2.26 |  |  | 2.31 |  |  | 2.18 |  |  | (3.16) |  |
2014(1) |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 11,024 |  | $ | 11,403 |  | $ | 11,301 |  | $ | 11,839 |  |
Operating income |  | 891 |  |  | 923 |  |  | 737 |  |  | 1,264 |  |
Net income |  | 548 |  |  | 559 |  |  | 437 |  |  | 780 |  |
Basic earnings per common share(2) |  | 1.73 |  |  | 1.77 |  |  | 1.44 |  |  | 2.66 |  |
Diluted earnings per common share(2) |  | 1.72 |  |  | 1.75 |  |  | 1.42 |  |  | 2.62 |  |
(1) | The fourth quarter of 2015 includes a $2.2 billion retirement plans mark-to-market loss, $276 million of impairment and related charges resulting from the decision to permanently retire and adjust the retirement schedule of certain aircraft and related engines at FedEx Express and a $197 million reserve increase due to the settlement of a legal matter at FedEx Ground. In addition, the first, second and third quarters of 2015 and all quarters of 2014 have been recast to conform to the current year presentation reflecting the retirement plans accounting changes discussed further in Note 1 and Note 13 and that were included in our June 12, 2015, Form 8-K filing with the Securities and Exchange Commission.
(2) | The sum of the quarterly earnings per share may not equal annual amounts due to differences in the weighted-average number of shares outstanding during the respective periods.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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