XML 45 R47.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Condensed Consolidating Financial Statements (Tables) | 12 Months Ended
--- | ---
May 31, 2014
Condensed Consolidating Financial Statements (Tables) [Abstract] |
Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
May 31, 2014
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 1,756 |  | $ | 441 |  | $ | 861 |  | $ | (150) |  | $ | 2,908
| Receivables, less allowances |  | 2 |  |  | 4,338 |  |  | 1,151 |  |  | (31) |  |  | 5,460
| Spare parts, supplies, fuel, prepaid expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and other, less allowances |  | 59 |  |  | 674 |  |  | 60 |  |  | - |  |  | 793
| Deferred income taxes |  | - |  |  | 501 |  |  | 21 |  |  | - |  |  | 522
|  |  | Total current assets |  | 1,817 |  |  | 5,954 |  |  | 2,093 |  |  | (181) |  |  | 9,683
PROPERTY AND EQUIPMENT, AT COST |  | 28 |  |  | 38,303 |  |  | 2,360 |  |  | - |  |  | 40,691
| Less accumulated depreciation and amortization |  | 22 |  |  | 19,899 |  |  | 1,220 |  |  | - |  |  | 21,141
|  |  | Net property and equipment |  | 6 |  |  | 18,404 |  |  | 1,140 |  |  | - |  |  | 19,550
INTERCOMPANY RECEIVABLE |  | - |  |  | 1,058 |  |  | 1,265 |  |  | (2,323) |  |  | -
GOODWILL |  | - |  |  | 1,552 |  |  | 1,238 |  |  | - |  |  | 2,790
INVESTMENT IN SUBSIDIARIES |  | 20,785 |  |  | 3,754 |  |  | - |  |  | (24,539) |  |  | -
OTHER ASSETS |  | 2,088 |  |  | 747 |  |  | 250 |  |  | (2,038) |  |  | 1,047
|  |  |  |  | $ | 24,696 |  | $ | 31,469 |  | $ | 5,986 |  | $ | (29,081) |  | $ | 33,070
LIABILITIES AND STOCKHOLDERS' INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current portion of long-term debt | $ | - |  | $ | 1 |  | $ | - |  | $ | - |  | $ | 1
| Accrued salaries and employee benefits |  | 55 |  |  | 1,042 |  |  | 180 |  |  | - |  |  | 1,277
| Accounts payable |  | 2 |  |  | 1,530 |  |  | 620 |  |  | (181) |  |  | 1,971
| Accrued expenses |  | 405 |  |  | 1,444 |  |  | 214 |  |  | - |  |  | 2,063
|  | Total current liabilities |  | 462 |  |  | 4,017 |  |  | 1,014 |  |  | (181) |  |  | 5,312
LONG-TERM DEBT, LESS CURRENT PORTION |  | 4,487 |  |  | 249 |  |  | - |  |  | - |  |  | 4,736
INTERCOMPANY PAYABLE |  | 2,323 |  |  | - |  |  | - |  |  | (2,323) |  |  | -
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deferred income taxes |  | - |  |  | 4,059 |  |  | 93 |  |  | (2,038) |  |  | 2,114
| Other liabilities |  | 2,147 |  |  | 3,230 |  |  | 254 |  |  | - |  |  | 5,631
|  | Total other long-term liabilities |  | 2,147 |  |  | 7,289 |  |  | 347 |  |  | (2,038) |  |  | 7,745
STOCKHOLDERS' INVESTMENT |  | 15,277 |  |  | 19,914 |  |  | 4,625 |  |  | (24,539) |  |  | 15,277
|  |  |  |  | $ | 24,696 |  | $ | 31,469 |  | $ | 5,986 |  | $ | (29,081) |  | $ | 33,070
CONDENSED CONSOLIDATING BALANCE SHEETS
May 31, 2013
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 3,892 |  | $ | 405 |  | $ | 717 |  | $ | (97) |  | $ | 4,917
| Receivables, less allowances |  | - |  |  | 3,989 |  |  | 1,084 |  |  | (29) |  |  | 5,044
| Spare parts, supplies, fuel, prepaid expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and other, less allowances |  | 45 |  |  | 681 |  |  | 54 |  |  | - |  |  | 780
| Deferred income taxes |  | - |  |  | 518 |  |  | 15 |  |  | - |  |  | 533
|  |  | Total current assets |  | 3,937 |  |  | 5,593 |  |  | 1,870 |  |  | (126) |  |  | 11,274
PROPERTY AND EQUIPMENT, AT COST |  | 27 |  |  | 35,915 |  |  | 2,167 |  |  | - |  |  | 38,109
| Less accumulated depreciation and amortization |  | 21 |  |  | 18,469 |  |  | 1,135 |  |  | - |  |  | 19,625
|  |  | Net property and equipment |  | 6 |  |  | 17,446 |  |  | 1,032 |  |  | - |  |  | 18,484
INTERCOMPANY RECEIVABLE |  | - |  |  | 439 |  |  | 1,203 |  |  | (1,642) |  |  | -
GOODWILL |  | - |  |  | 1,552 |  |  | 1,203 |  |  | - |  |  | 2,755
INVESTMENT IN SUBSIDIARIES |  | 18,739 |  |  | 3,347 |  |  | - |  |  | (22,086) |  |  | -
OTHER ASSETS |  | 2,187 |  |  | 822 |  |  | 191 |  |  | (2,146) |  |  | 1,054
|  |  |  |  | $ | 24,869 |  | $ | 29,199 |  | $ | 5,499 |  | $ | (26,000) |  | $ | 33,567
LIABILITIES AND STOCKHOLDERS' INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current portion of long-term debt | $ | 250 |  | $ | 1 |  | $ | - |  | $ | - |  | $ | 251
| Accrued salaries and employee benefits |  | 82 |  |  | 1,402 |  |  | 204 |  |  | - |  |  | 1,688
| Accounts payable |  | 4 |  |  | 1,392 |  |  | 609 |  |  | (126) |  |  | 1,879
| Accrued expenses |  | 355 |  |  | 1,366 |  |  | 211 |  |  | - |  |  | 1,932
|  | Total current liabilities |  | 691 |  |  | 4,161 |  |  | 1,024 |  |  | (126) |  |  | 5,750
LONG-TERM DEBT, LESS CURRENT PORTION |  | 2,489 |  |  | 250 |  |  | - |  |  | - |  |  | 2,739
INTERCOMPANY PAYABLE |  | 1,642 |  |  | - |  |  | - |  |  | (1,642) |  |  | -
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deferred income taxes |  | - |  |  | 3,798 |  |  | - |  |  | (2,146) |  |  | 1,652
| Other liabilities |  | 2,649 |  |  | 3,133 |  |  | 246 |  |  | - |  |  | 6,028
|  | Total other long-term liabilities |  | 2,649 |  |  | 6,931 |  |  | 246 |  |  | (2,146) |  |  | 7,680
STOCKHOLDERS' INVESTMENT |  | 17,398 |  |  | 17,857 |  |  | 4,229 |  |  | (22,086) |  |  | 17,398
|  |  |  |  | $ | 24,869 |  | $ | 29,199 |  | $ | 5,499 |  | $ | (26,000) |  | $ | 33,567
Condensed Consolidating Statements of Comprehensive Income |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Year Ended May 31, 2014
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 38,088 |  | $ | 7,820 |  | $ | (341) |  | $ | 45,567
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 99 |  |  | 14,303 |  |  | 2,153 |  |  | - |  |  | 16,555
| Purchased transportation |  | - |  |  | 5,374 |  |  | 2,796 |  |  | (159) |  |  | 8,011
| Rentals and landing fees |  | 5 |  |  | 2,282 |  |  | 340 |  |  | (5) |  |  | 2,622
| Depreciation and amortization |  | 1 |  |  | 2,379 |  |  | 207 |  |  | - |  |  | 2,587
| Fuel |  | - |  |  | 4,460 |  |  | 97 |  |  | - |  |  | 4,557
| Maintenance and repairs |  | 1 |  |  | 1,734 |  |  | 127 |  |  | - |  |  | 1,862
| Intercompany charges, net |  | (209) |  |  | (125) |  |  | 334 |  |  | - |  |  | -
| Other |  | 103 |  |  | 4,823 |  |  | 1,178 |  |  | (177) |  |  | 5,927
|  |  |  |  | - |  |  | 35,230 |  |  | 7,232 |  |  | (341) |  |  | 42,121
OPERATING INCOME |  | - |  |  | 2,858 |  |  | 588 |  |  | - |  |  | 3,446
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 2,097 |  |  | 411 |  |  | - |  |  | (2,508) |  |  | -
| Interest, net |  | (167) |  |  | 16 |  |  | 9 |  |  | - |  |  | (142)
| Intercompany charges, net |  | 172 |  |  | (194) |  |  | 22 |  |  | - |  |  | -
| Other, net |  | (5) |  |  | (14) |  |  | 4 |  |  | - |  |  | (15)
INCOME BEFORE INCOME TAXES |  | 2,097 |  |  | 3,077 |  |  | 623 |  |  | (2,508) |  |  | 3,289
| Provision for income taxes |  | - |  |  | 1,004 |  |  | 188 |  |  | - |  |  | 1,192
NET INCOME | $ | 2,097 |  | $ | 2,073 |  | $ | 435 |  | $ | (2,508) |  | $ | 2,097
COMPREHENSIVE INCOME | $ | 2,251 |  | $ | 2,072 |  | $ | 408 |  | $ | (2,508) |  | $ | 2,223
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Year Ended May 31, 2013
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 37,073 |  | $ | 7,543 |  | $ | (329) |  | $ | 44,287
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 103 |  |  | 14,375 |  |  | 2,092 |  |  | - |  |  | 16,570
| Purchased transportation |  | - |  |  | 4,839 |  |  | 2,574 |  |  | (141) |  |  | 7,272
| Rentals and landing fees |  | 5 |  |  | 2,198 |  |  | 324 |  |  | (6) |  |  | 2,521
| Depreciation and amortization |  | 1 |  |  | 2,200 |  |  | 185 |  |  | - |  |  | 2,386
| Fuel |  | - |  |  | 4,650 |  |  | 96 |  |  | - |  |  | 4,746
| Maintenance and repairs |  | 1 |  |  | 1,791 |  |  | 117 |  |  | - |  |  | 1,909
| Business realignment, impairment and other charges |  | 21 |  |  | 639 |  |  | - |  |  | - |  |  | 660
| Intercompany charges, net |  | (227) |  |  | (329) |  |  | 556 |  |  | - |  |  | -
| Other |  | 96 |  |  | 4,565 |  |  | 1,193 |  |  | (182) |  |  | 5,672
|  |  |  |  | - |  |  | 34,928 |  |  | 7,137 |  |  | (329) |  |  | 41,736
OPERATING INCOME |  | - |  |  | 2,145 |  |  | 406 |  |  | - |  |  | 2,551
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 1,561 |  |  | 253 |  |  | - |  |  | (1,814) |  |  | -
| Interest, net |  | (108) |  |  | 42 |  |  | 5 |  |  | - |  |  | (61)
| Intercompany charges, net |  | 113 |  |  | (131) |  |  | 18 |  |  | - |  |  | -
| Other, net |  | (5) |  |  | (20) |  |  | (10) |  |  | - |  |  | (35)
INCOME BEFORE INCOME TAXES |  | 1,561 |  |  | 2,289 |  |  | 419 |  |  | (1,814) |  |  | 2,455
| Provision for income taxes |  | - |  |  | 710 |  |  | 184 |  |  | - |  |  | 894
NET INCOME | $ | 1,561 |  | $ | 1,579 |  | $ | 235 |  | $ | (1,814) |  | $ | 1,561
COMPREHENSIVE INCOME | $ | 2,622 |  | $ | 1,618 |  | $ | 268 |  | $ | (1,814) |  | $ | 2,694
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Year Ended May 31, 2012
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 36,412 |  | $ | 6,569 |  | $ | (301) |  | $ | 42,680
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 114 |  |  | 14,153 |  |  | 1,832 |  |  | - |  |  | 16,099
| Purchased transportation |  | - |  |  | 4,509 |  |  | 1,944 |  |  | (118) |  |  | 6,335
| Rentals and landing fees |  | 5 |  |  | 2,221 |  |  | 267 |  |  | (6) |  |  | 2,487
| Depreciation and amortization |  | 1 |  |  | 1,962 |  |  | 150 |  |  | - |  |  | 2,113
| Fuel |  | - |  |  | 4,877 |  |  | 79 |  |  | - |  |  | 4,956
| Maintenance and repairs |  | 1 |  |  | 1,882 |  |  | 97 |  |  | - |  |  | 1,980
| Business realignment, impairment and other charges |  | - |  |  | 134 |  |  | - |  |  | - |  |  | 134
| Intercompany charges, net |  | (218) |  |  | (323) |  |  | 541 |  |  | - |  |  | -
| Other |  | 97 |  |  | 4,482 |  |  | 988 |  |  | (177) |  |  | 5,390
|  |  |  |  | - |  |  | 33,897 |  |  | 5,898 |  |  | (301) |  |  | 39,494
OPERATING INCOME |  | - |  |  | 2,515 |  |  | 671 |  |  | - |  |  | 3,186
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 2,032 |  |  | 395 |  |  | - |  |  | (2,427) |  |  | -
| Interest, net |  | (75) |  |  | 31 |  |  | 5 |  |  | - |  |  | (39)
| Intercompany charges, net |  | 80 |  |  | (102) |  |  | 22 |  |  | - |  |  | -
| Other, net |  | (5) |  |  | (10) |  |  | 9 |  |  | - |  |  | (6)
INCOME BEFORE INCOME TAXES |  | 2,032 |  |  | 2,829 |  |  | 707 |  |  | (2,427) |  |  | 3,141
| Provision for income taxes |  | - |  |  | 875 |  |  | 234 |  |  | - |  |  | 1,109
NET INCOME | $ | 2,032 |  | $ | 1,954 |  | $ | 473 |  | $ | (2,427) |  | $ | 2,032
COMPREHENSIVE (LOSS) INCOME | $ | (120) |  | $ | 1,796 |  | $ | 380 |  | $ | (2,427) |  | $ | (371)
Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended May 31, 2014
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (8) |  | $ | 3,790 |  | $ | 535 |  | $ | (53) |  | $ | 4,264
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | (1) |  |  | (3,230) |  |  | (302) |  |  | - |  |  | (3,533)
| Business acquisition, net of cash acquired |  | - |  |  | (36) |  |  | - |  |  | - |  |  | (36)
| Proceeds from asset dispositions and other |  | - |  |  | 37 |  |  | (19) |  |  | - |  |  | 18
CASH USED IN INVESTING ACTIVITIES |  | (1) |  |  | (3,229) |  |  | (321) |  |  | - |  |  | (3,551)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 588 |  |  | (546) |  |  | (42) |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | - |  |  | (4) |  |  | 4 |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 54 |  |  | (54) |  |  | - |  |  | -
| Principal payments on debt |  | (250) |  |  | (4) |  |  | - |  |  | - |  |  | (254)
| Proceeds from debt issuance |  | 1,997 |  |  | - |  |  | - |  |  | - |  |  | 1,997
| Proceeds from stock issuances |  | 557 |  |  | - |  |  | - |  |  | - |  |  | 557
| Excess tax benefit on the exercise of stock options |  | 44 |  |  | - |  |  | - |  |  | - |  |  | 44
| Dividends paid |  | (187) |  |  | - |  |  | - |  |  | - |  |  | (187)
| Purchase of treasury stock |  | (4,857) |  |  | - |  |  | - |  |  | - |  |  | (4,857)
| Other, net |  | (19) |  |  | (16) |  |  | 16 |  |  | - |  |  | (19)
CASH USED IN FINANCING ACTIVITIES |  | (2,127) |  |  | (516) |  |  | (76) |  |  | - |  |  | (2,719)
Effect of exchange rate changes on cash |  | - |  |  | (9) |  |  | 6 |  |  | - |  |  | (3)
Net (decrease) increase in cash and cash equivalents |  | (2,136) |  |  | 36 |  |  | 144 |  |  | (53) |  |  | (2,009)
Cash and cash equivalents at beginning of period |  | 3,892 |  |  | 405 |  |  | 717 |  |  | (97) |  |  | 4,917
Cash and cash equivalents at end of period | $ | 1,756 |  | $ | 441 |  | $ | 861 |  | $ | (150) |  | $ | 2,908
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended May 31, 2013
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES | $ | 247 |  | $ | 3,936 |  | $ | 486 |  | $ | 19 |  | $ | 4,688
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | (3) |  |  | (3,029) |  |  | (343) |  |  | - |  |  | (3,375)
| Business acquisitions, net of cash acquired |  | - |  |  | - |  |  | (483) |  |  | - |  |  | (483)
| Proceeds from asset dispositions and other |  | - |  |  | 49 |  |  | 6 |  |  | - |  |  | 55
CASH USED IN INVESTING ACTIVITIES |  | (3) |  |  | (2,980) |  |  | (820) |  |  | - |  |  | (3,803)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 141 |  |  | (58) |  |  | (83) |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | - |  |  | (385) |  |  | 385 |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 21 |  |  | (21) |  |  | - |  |  | -
| Principal payments on debt |  | - |  |  | (417) |  |  | - |  |  | - |  |  | (417)
| Proceeds from debt issuances |  | 1,739 |  |  | - |  |  | - |  |  | - |  |  | 1,739
| Proceeds from stock issuances |  | 280 |  |  | - |  |  | - |  |  | - |  |  | 280
| Excess tax benefit on the exercise of stock options |  | 23 |  |  | - |  |  | - |  |  | - |  |  | 23
| Dividends paid |  | (177) |  |  | - |  |  | - |  |  | - |  |  | (177)
| Purchase of treasury stock |  | (246) |  |  | - |  |  | - |  |  | - |  |  | (246)
| Other, net |  | (18) |  |  | (119) |  |  | 119 |  |  | - |  |  | (18)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |  | 1,742 |  |  | (958) |  |  | 400 |  |  | - |  |  | 1,184
Effect of exchange rate changes on cash |  | - |  |  | (10) |  |  | 15 |  |  | - |  |  | 5
Net increase (decrease) in cash and cash equivalents |  | 1,986 |  |  | (12) |  |  | 81 |  |  | 19 |  |  | 2,074
Cash and cash equivalents at beginning of period |  | 1,906 |  |  | 417 |  |  | 636 |  |  | (116) |  |  | 2,843
Cash and cash equivalents at end of period | $ | 3,892 |  | $ | 405 |  | $ | 717 |  | $ | (97) |  | $ | 4,917
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended May 31, 2012
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (88) |  | $ | 4,383 |  | $ | 570 |  | $ | (30) |  | $ | 4,835
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | (5) |  |  | (3,792) |  |  | (210) |  |  | - |  |  | (4,007)
| Business acquisition, net of cash acquired |  | - |  |  | - |  |  | (116) |  |  | - |  |  | (116)
| Proceeds from asset dispositions and other |  | - |  |  | 74 |  |  | - |  |  | - |  |  | 74
CASH USED IN INVESTING ACTIVITIES |  | (5) |  |  | (3,718) |  |  | (326) |  |  | - |  |  | (4,049)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 625 |  |  | (550) |  |  | (75) |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 76 |  |  | (76) |  |  | - |  |  | -
| Principal payments on debt |  | - |  |  | (29) |  |  | - |  |  | - |  |  | (29)
| Proceeds from stock issuances |  | 128 |  |  | - |  |  | - |  |  | - |  |  | 128
| Excess tax benefit on the exercise of stock options |  | 18 |  |  | - |  |  | - |  |  | - |  |  | 18
| Dividends paid |  | (164) |  |  | - |  |  | - |  |  | - |  |  | (164)
| Purchase of treasury stock |  | (197) |  |  | - |  |  | - |  |  | - |  |  | (197)
| Other, net |  | - |  |  | (19) |  |  | 19 |  |  | - |  |  | -
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |  | 410 |  |  | (522) |  |  | (132) |  |  | - |  |  | (244)
Effect of exchange rate changes on cash |  | - |  |  | (5) |  |  | (22) |  |  | - |  |  | (27)
Net increase (decrease) in cash and cash equivalents |  | 317 |  |  | 138 |  |  | 90 |  |  | (30) |  |  | 515
Cash and cash equivalents at beginning of period |  | 1,589 |  |  | 279 |  |  | 546 |  |  | (86) |  |  | 2,328
Cash and cash equivalents at end of period | $ | 1,906 |  | $ | 417 |  | $ | 636 |  | $ | (116) |  | $ | 2,843

X
- Definition Text block that encapsulates the condensed consolidating balance sheets. + References No definition available. + Details
Name: | fdx_CondensedConsolidatingBalanceSheetsTextBlock
Namespace Prefix: | fdx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | fdx_CondensedConsolidatingFinancialStatementsTablesAbstract
Namespace Prefix: | fdx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block that encapsulates the condensed consolidating statements of cash flows. + References No definition available. + Details
Name: | fdx_CondensedConsolidatingStatementsOfCashFlowsTextBlock
Namespace Prefix: | fdx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block that encapsulates the condensed consolidating comprehensive income statements. + References No definition available. + Details
Name: | fdx_CondensedConsolidatingStatementsOfComprehensiveIncomeTextBlock
Namespace Prefix: | fdx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration