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Summary of Quarterly Operating Results (Unaudited) | 12 Months Ended
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May. 31, 2015
Summary of Quarterly Operating Results [Abstract] |
Summary of Quarterly Operating Results (Unaudited) | NOTE 20: 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 The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: 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 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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