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Summary of Quarterly Operating Results (Unaudited)
12 Months Ended
May 31, 2014
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  
               
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.