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Summary of Quarterly Operating Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
May 31, 2016 | Feb. 29, 2016 | Nov. 30, 2015 | Aug. 31, 2015 | May 31, 2015 | Feb. 28, 2015 | Nov. 30, 2014 | Aug. 31, 2014 | May 31, 2016 | May 31, 2015 | May 31, 2014
Selected Quarterly Financial Information [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ 12,979 | [1] | $ 12,654 | [1] | $ 12,453 | [1] | $ 12,279 |  | $ 12,114 | [2] | $ 11,716 |  | $ 11,939 |  | $ 11,684 |  | $ 50,365 | $ 47,453 | $ 45,567
Operating income | (68) | [1] | 864 | [1] | 1,137 | [1] | 1,144 |  | (1,321) | [2] | 1,038 |  | 1,088 |  | 1,062 |  | 3,077 | 1,867 | 3,815
Net income | $ (70) | [1] | $ 507 | [1] | $ 691 | [1] | $ 692 |  | $ (895) | [2] | $ 628 |  | $ 663 |  | $ 653 |  | $ 1,820 | $ 1,050 | $ 2,324
Basic earnings per common share | $ (0.26) | [1],[3] | $ 1.86 | [1],[3] | $ 2.47 | [1],[3] | $ 2.45 | [3] | $ (3.16) | [2],[3] | $ 2.21 | [3] | $ 2.34 | [3] | $ 2.29 | [3] | $ 6.59 | $ 3.70 | $ 7.56
Diluted earnings per common share | $ (0.26) | [1],[3] | $ 1.84 | [1],[3] | $ 2.44 | [1],[3] | $ 2.42 | [3] | $ (3.16) | [2],[3] | $ 2.18 | [3] | $ 2.31 | [3] | $ 2.26 | [3] | $ 6.51 | $ 3.65 | $ 7.48
Retirement plans mark-to-market adjustment | $ 1,500 |  |  |  |  |  |  |  | $ 2,200 |  |  |  |  |  |  |  | $ 1,498 | $ 2,190 | $ 15
Ground independent contractor litigation provision |  |  | $ 204 |  | $ 41 |  |  |  | 197 |  |  |  |  |  |  |  | 256 |  |
Asset Impairment Charges |  |  |  |  |  |  |  |  | $ 276 |  |  |  |  |  |  |  |  | $ 276 |
TNT transaction financing integration financial operating results | 79 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Internal restructuring | 76 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (76) |  |
Ground independent contractor litigation expense | $ 11 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. CBP notice of action settlement |  |  | 69 |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 69 |  |
TNT transaction financing intergration expense |  |  | $ 25 |  | $ 19 |  |  |  |  |  |  |  |  |  |  |  |  |  |
[1] | The fourth quarter of 2016 includes a $1.5 billion retirement plans mark-to-market loss and TNT Express transaction, financing and integration planning expenses and immaterial financial results from the time of acquisition totaling $79 million. In addition, the fourth quarter of 2016 includes a $76 million favorable tax impact from an internal corporate restructuring to facilitate the integration of FedEx Express and TNT Express and $11 million of expenses related to independent contractor litigation matters at FedEx Ground. The third quarter of 2016 includes provisions related to independent contractor litigation matters at FedEx Ground for $204 million and expenses related to the settlement of a U.S. Customs and Border Protection notice of action in the amount of $69 million, as well as TNT Express transaction, financing and integration planning expenses of $25 million. The second quarter of 2016 includes provisions related to independent contractor litigation matters at FedEx Ground for $41 million and $19 million of TNT Express transaction, financing and integration planning expenses.
[2] | 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.
[3] | 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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