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Summary of Quarterly Operating Results (Unaudited) (Tables) | 12 Months Ended
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May 31, 2014
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 |  |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 11,024 |  | $ | 11,403 |  | $ | 11,301 |  | $ | 11,839 |  |
Operating income |  | 795 |  |  | 827 |  |  | 641 |  |  | 1,183 |  |
Net income |  | 489 |  |  | 500 |  |  | 378 |  |  | 730 |  |
Basic earnings per common share(1) |  | 1.54 |  |  | 1.58 |  |  | 1.24 |  |  | 2.49 |  |
Diluted earnings per common share(1) |  | 1.53 |  |  | 1.57 |  |  | 1.23 |  |  | 2.46 |  |
2013(2) |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 10,792 |  | $ | 11,107 |  | $ | 10,953 |  | $ | 11,435 |  |
Operating income |  | 742 |  |  | 718 |  |  | 589 |  |  | 502 |  |
Net income |  | 459 |  |  | 438 |  |  | 361 |  |  | 303 |  |
Basic earnings per common share(1) |  | 1.46 |  |  | 1.39 |  |  | 1.14 |  |  | 0.96 |  |
Diluted earnings per common share(1) |  | 1.45 |  |  | 1.39 |  |  | 1.13 |  |  | 0.95 |  |
(1) | 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.
(2) | The fourth quarter of 2013 includes $496 million of business realignment costs and an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related engines at FedEx Express. The third quarter of 2013 includes $47 million of business realignment costs. The second quarter of 2013 includes $13 million of business realignment costs.

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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=25249566&loc=d3e1280-108306 + Details
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