XML 50 R26.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Condensed Consolidating Financial Statements (Tables) | 9 Months Ended
--- | ---
Feb. 29, 2016
Condensed Consolidating Financial Statements (Tables) [Abstract] |
Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(UNAUDITED)
February 29, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 1,498 |  | $ | 331 |  | $ | 1,044 | $ |  | (32) |  | $ | 2,841
| Receivables, less allowances |  | 20 |  |  | 4,415 |  |  | 1,246 |  |  | (47) |  |  | 5,634
| Spare parts, supplies, fuel, prepaid expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and other, less allowances |  | 298 |  |  | 730 |  |  | 126 |  |  | - |  |  | 1,154
| Deferred income taxes |  | - |  |  | 571 |  |  | 37 |  |  | - |  |  | 608
|  |  | Total current assets |  | 1,816 |  |  | 6,047 |  |  | 2,453 |  |  | (79) |  |  | 10,237
PROPERTY AND EQUIPMENT, AT COST |  | 29 |  |  | 43,938 |  |  | 2,065 |  |  | - |  |  | 46,032
| Less accumulated depreciation and amortization |  | 24 |  |  | 22,334 |  |  | 1,122 |  |  | - |  |  | 23,480
|  |  | Net property and equipment |  | 5 |  |  | 21,604 |  |  | 943 |  |  | - |  |  | 22,552
INTERCOMPANY RECEIVABLE |  | - |  |  | 1,646 |  |  | 1,130 |  |  | (2,776) |  |  | -
GOODWILL |  | - |  |  | 1,571 |  |  | 2,193 |  |  | - |  |  | 3,764
INVESTMENT IN SUBSIDIARIES |  | 24,828 |  |  | 3,052 |  |  | - |  |  | (27,880) |  |  | -
OTHER ASSETS |  | 2,797 |  |  | 802 |  |  | 384 |  |  | (2,717) |  |  | 1,266
|  |  |  |  | $ | 29,446 |  | $ | 34,722 |  | $ | 7,103 |  | $ | (33,452) |  | $ | 37,819
LIABILITIES AND STOCKHOLDERS' INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current portion of long-term debt | $ | - |  | $ | 4 |  | $ | 7 |  | $ | - |  | $ | 11
| Accrued salaries and employee benefits |  | 58 |  |  | 1,201 |  |  | 192 |  |  | - |  |  | 1,451
| Accounts payable |  | 70 |  |  | 1,369 |  |  | 664 |  |  | (79) |  |  | 2,024
| Accrued expenses |  | 805 |  |  | 1,378 |  |  | 270 |  |  | - |  |  | 2,453
|  | Total current liabilities |  | 933 |  |  | 3,952 |  |  | 1,133 |  |  | (79) |  |  | 5,939
LONG-TERM DEBT, LESS CURRENT PORTION |  | 8,217 |  |  | 248 |  |  | 12 |  |  | - |  |  | 8,477
INTERCOMPANY PAYABLE |  | 2,776 |  |  | - |  |  | - |  |  | (2,776) |  |  | -
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deferred income taxes |  | - |  |  | 4,583 |  |  | 180 |  |  | (2,717) |  |  | 2,046
| Other liabilities |  | 3,193 |  |  | 3,577 |  |  | 260 |  |  | - |  |  | 7,030
|  | Total other long-term liabilities |  | 3,193 |  |  | 8,160 |  |  | 440 |  |  | (2,717) |  |  | 9,076
STOCKHOLDERS' INVESTMENT |  | 14,327 |  |  | 22,362 |  |  | 5,518 |  |  | (27,880) |  |  | 14,327
|  |  |  |  | $ | 29,446 |  | $ | 34,722 |  | $ | 7,103 |  | $ | (33,452) |  | $ | 37,819
CONDENSED CONSOLIDATING BALANCE SHEETS
May 31, 2015
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 2,383 |  | $ | 487 |  | $ | 971 |  | $ | (78) |  | $ | 3,763
| Receivables, less allowances |  | 3 |  |  | 4,383 |  |  | 1,385 |  |  | (52) |  |  | 5,719
| Spare parts, supplies, fuel, prepaid expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and other, less allowances |  | 41 |  |  | 689 |  |  | 123 |  |  | - |  |  | 853
| Deferred income taxes |  | - |  |  | 571 |  |  | 35 |  |  | - |  |  | 606
|  |  | Total current assets |  | 2,427 |  |  | 6,130 |  |  | 2,514 |  |  | (130) |  |  | 10,941
PROPERTY AND EQUIPMENT, AT COST |  | 29 |  |  | 40,364 |  |  | 2,471 |  |  | - |  |  | 42,864
| Less accumulated depreciation and amortization |  | 23 |  |  | 20,685 |  |  | 1,281 |  |  | - |  |  | 21,989
|  |  | Net property and equipment |  | 6 |  |  | 19,679 |  |  | 1,190 |  |  | - |  |  | 20,875
INTERCOMPANY RECEIVABLE |  | - |  |  | 686 |  |  | 1,563 |  |  | (2,249) |  |  | -
GOODWILL |  | - |  |  | 1,552 |  |  | 2,258 |  |  | - |  |  | 3,810
INVESTMENT IN SUBSIDIARIES |  | 23,173 |  |  | 3,800 |  |  | - |  |  | (26,973) |  |  | -
OTHER ASSETS |  | 2,752 |  |  | 898 |  |  | 477 |  |  | (2,684) |  |  | 1,443
|  |  |  |  | $ | 28,358 |  | $ | 32,745 |  | $ | 8,002 |  | $ | (32,036) |  | $ | 37,069
LIABILITIES AND STOCKHOLDERS' INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current portion of long-term debt | $ | - |  | $ | 7 |  | $ | 12 |  | $ | - |  | $ | 19
| Accrued salaries and employee benefits |  | 34 |  |  | 1,208 |  |  | 194 |  |  | - |  |  | 1,436
| Accounts payable |  | 5 |  |  | 1,433 |  |  | 758 |  |  | (130) |  |  | 2,066
| Accrued expenses |  | 604 |  |  | 1,557 |  |  | 275 |  |  | - |  |  | 2,436
|  | Total current liabilities |  | 643 |  |  | 4,205 |  |  | 1,239 |  |  | (130) |  |  | 5,957
LONG-TERM DEBT, LESS CURRENT PORTION |  | 6,978 |  |  | 248 |  |  | 23 |  |  | - |  |  | 7,249
INTERCOMPANY PAYABLE |  | 2,249 |  |  | - |  |  | - |  |  | (2,249) |  |  | -
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deferred income taxes |  | - |  |  | 4,206 |  |  | 225 |  |  | (2,684) |  |  | 1,747
| Other liabilities |  | 3,495 |  |  | 3,367 |  |  | 261 |  |  | - |  |  | 7,123
|  | Total other long-term liabilities |  | 3,495 |  |  | 7,573 |  |  | 486 |  |  | (2,684) |  |  | 8,870
STOCKHOLDERS' INVESTMENT |  | 14,993 |  |  | 20,719 |  |  | 6,254 |  |  | (26,973) |  |  | 14,993
|  |  |  |  | $ | 28,358 |  | $ | 32,745 |  | $ | 8,002 |  | $ | (32,036) |  | $ | 37,069
Condensed Consolidating Statements of Comprehensive Income |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Three Months Ended February 29, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 10,838 |  | $ | 1,892 |  | $ | (76) |  | $ | 12,654
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 32 |  |  | 4,072 |  |  | 608 |  |  | - |  |  | 4,712
| Purchased transportation |  | - |  |  | 2,106 |  |  | 545 |  |  | (28) |  |  | 2,623
| Rentals and landing fees |  | 1 |  |  | 660 |  |  | 84 |  |  | (1) |  |  | 744
| Depreciation and amortization |  | - |  |  | 608 |  |  | 55 |  |  | - |  |  | 663
| Fuel |  | - |  |  | 520 |  |  | 17 |  |  | - |  |  | 537
| Maintenance and repairs |  | - |  |  | 471 |  |  | 33 |  |  | - |  |  | 504
| Intercompany charges, net |  | (344) |  |  | 294 |  |  | 50 |  |  | - |  |  | -
| Other |  | 311 |  |  | 1,344 |  |  | 399 |  |  | (47) |  |  | 2,007
|  |  |  |  | - |  |  | 10,075 |  |  | 1,791 |  |  | (76) |  |  | 11,790
OPERATING INCOME |  | - |  |  | 763 |  |  | 101 |  |  | - |  |  | 864
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 507 |  |  | 86 |  |  | - |  |  | (593) |  |  | -
| Interest, net |  | (90) |  |  | 6 |  |  | 3 |  |  | - |  |  | (81)
| Intercompany charges, net |  | 95 |  |  | (105) |  |  | 10 |  |  | - |  |  | -
| Other, net |  | (5) |  |  | (1) |  |  | 5 |  |  | - |  |  | (1)
INCOME BEFORE INCOME TAXES |  | 507 |  |  | 749 |  |  | 119 |  |  | (593) |  |  | 782
| Provision for income taxes |  | - |  |  | 249 |  |  | 26 |  |  | - |  |  | 275
NET INCOME | $ | 507 |  | $ | 500 |  | $ | 93 |  | $ | (593) |  | $ | 507
COMPREHENSIVE INCOME | $ | 488 |  | $ | 487 |  | $ | 7 |  | $ | (593) |  | $ | 389
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Three Months Ended February 28, 2015
(As Adjusted)
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 9,793 |  | $ | 2,024 |  | $ | (101) |  | $ | 11,716
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 25 |  |  | 3,712 |  |  | 598 |  |  | - |  |  | 4,335
| Purchased transportation |  | - |  |  | 1,527 |  |  | 695 |  |  | (57) |  |  | 2,165
| Rentals and landing fees |  | 1 |  |  | 597 |  |  | 89 |  |  | (1) |  |  | 686
| Depreciation and amortization |  | - |  |  | 593 |  |  | 59 |  |  | - |  |  | 652
| Fuel |  | - |  |  | 790 |  |  | 20 |  |  | - |  |  | 810
| Maintenance and repairs |  | - |  |  | 468 |  |  | 37 |  |  | - |  |  | 505
| Intercompany charges, net |  | (48) |  |  | (34) |  |  | 82 |  |  | - |  |  | -
| Other |  | 22 |  |  | 1,231 |  |  | 315 |  |  | (43) |  |  | 1,525
|  |  |  |  | - |  |  | 8,884 |  |  | 1,895 |  |  | (101) |  |  | 10,678
OPERATING INCOME |  | - |  |  | 909 |  |  | 129 |  |  | - |  |  | 1,038
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 628 |  |  | 91 |  |  | - |  |  | (719) |  |  | -
| Interest, net |  | (66) |  |  | 6 |  |  | 2 |  |  | - |  |  | (58)
| Intercompany charges, net |  | 68 |  |  | (74) |  |  | 6 |  |  | - |  |  | -
| Other, net |  | (2) |  |  | (4) |  |  | 11 |  |  | - |  |  | 5
INCOME BEFORE INCOME TAXES |  | 628 |  |  | 928 |  |  | 148 |  |  | (719) |  |  | 985
| Provision for income taxes |  | - |  |  | 274 |  |  | 83 |  |  | - |  |  | 357
NET INCOME | $ | 628 |  | $ | 654 |  | $ | 65 |  | $ | (719) |  | $ | 628
COMPREHENSIVE INCOME | $ | 611 |  | $ | 640 |  | $ | (74) |  | $ | (719) |  | $ | 458
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Nine Months Ended February 29, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 31,190 |  | $ | 6,449 |  | $ | (253) |  | $ | 37,386
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 92 |  |  | 11,811 |  |  | 1,904 |  |  | - |  |  | 13,807
| Purchased transportation |  | - |  |  | 5,481 |  |  | 2,132 |  |  | (108) |  |  | 7,505
| Rentals and landing fees |  | 4 |  |  | 1,843 |  |  | 278 |  |  | (4) |  |  | 2,121
| Depreciation and amortization |  | 1 |  |  | 1,792 |  |  | 171 |  |  | - |  |  | 1,964
| Fuel |  | - |  |  | 1,808 |  |  | 56 |  |  | - |  |  | 1,864
| Maintenance and repairs |  | - |  |  | 1,476 |  |  | 105 |  |  | - |  |  | 1,581
| Intercompany charges, net |  | (525) |  |  | 338 |  |  | 187 |  |  | - |  |  | -
| Other |  | 428 |  |  | 3,901 |  |  | 1,211 |  |  | (141) |  |  | 5,399
|  |  |  |  | - |  |  | 28,450 |  |  | 6,044 |  |  | (253) |  |  | 34,241
OPERATING INCOME |  | - |  |  | 2,740 |  |  | 405 |  |  | - |  |  | 3,145
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 1,890 |  |  | 220 |  |  | - |  |  | (2,110) |  |  | -
| Interest, net |  | (246) |  |  | 20 |  |  | 8 |  |  | - |  |  | (218)
| Intercompany charges, net |  | 257 |  |  | (264) |  |  | 7 |  |  | - |  |  | -
| Other, net |  | (11) |  |  | (10) |  |  | 15 |  |  | - |  |  | (6)
INCOME BEFORE INCOME TAXES |  | 1,890 |  |  | 2,706 |  |  | 435 |  |  | (2,110) |  |  | 2,921
| Provision for income taxes |  | - |  |  | 915 |  |  | 116 |  |  | - |  |  | 1,031
NET INCOME | $ | 1,890 |  | $ | 1,791 |  | $ | 319 |  | $ | (2,110) |  | $ | 1,890
COMPREHENSIVE INCOME | $ | 1,834 |  | $ | 1,758 |  | $ | 77 |  | $ | (2,110) |  | $ | 1,559
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Nine Months Ended February 28, 2015
(As Adjusted)
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 29,488 |  | $ | 6,136 |  | $ | (285) |  | $ | 35,339
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 78 |  |  | 10,902 |  |  | 1,698 |  |  | - |  |  | 12,678
| Purchased transportation |  | - |  |  | 4,381 |  |  | 2,170 |  |  | (147) |  |  | 6,404
| Rentals and landing fees |  | 4 |  |  | 1,746 |  |  | 263 |  |  | (4) |  |  | 2,009
| Depreciation and amortization |  | 1 |  |  | 1,783 |  |  | 170 |  |  | - |  |  | 1,954
| Fuel |  | - |  |  | 2,913 |  |  | 69 |  |  | - |  |  | 2,982
| Maintenance and repairs |  | - |  |  | 1,497 |  |  | 107 |  |  | - |  |  | 1,604
| Intercompany charges, net |  | (191) |  |  | (82) |  |  | 273 |  |  | - |  |  | -
| Other |  | 108 |  |  | 3,635 |  |  | 911 |  |  | (134) |  |  | 4,520
|  |  |  |  | - |  |  | 26,775 |  |  | 5,661 |  |  | (285) |  |  | 32,151
OPERATING INCOME |  | - |  |  | 2,713 |  |  | 475 |  |  | - |  |  | 3,188
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 1,944 |  |  | 292 |  |  | - |  |  | (2,236) |  |  | -
| Interest, net |  | (172) |  |  | 15 |  |  | 4 |  |  | - |  |  | (153)
| Intercompany charges, net |  | 176 |  |  | (192) |  |  | 16 |  |  | - |  |  | -
| Other, net |  | (4) |  |  | (5) |  |  | 17 |  |  | - |  |  | 8
INCOME BEFORE INCOME TAXES |  | 1,944 |  |  | 2,823 |  |  | 512 |  |  | (2,236) |  |  | 3,043
| Provision for income taxes |  | - |  |  | 916 |  |  | 183 |  |  | - |  |  | 1,099
NET INCOME | $ | 1,944 |  | $ | 1,907 |  | $ | 329 |  | $ | (2,236) |  | $ | 1,944
COMPREHENSIVE INCOME | $ | 1,891 |  | $ | 1,864 |  | $ | 68 |  | $ | (2,236) |  | $ | 1,587
Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(UNAUDITED)
Nine Months Ended February 29, 2016
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (833) |  | $ | 4,213 |  | $ | 370 |  | $ | 46 |  | $ | 3,796
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | - |  |  | (3,434) |  |  | (128) |  |  | - |  |  | (3,562)
| Asset dispositions and other |  | (55) |  |  | 26 |  |  | 12 |  |  | - |  |  | (17)
CASH USED IN INVESTING ACTIVITIES |  | (55) |  |  | (3,408) |  |  | (116) |  |  | - |  |  | (3,579)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 1,036 |  |  | (1,039) |  |  | 3 |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | - |  |  | 109 |  |  | (109) |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 20 |  |  | (20) |  |  | - |  |  | -
| Principal payments on debt |  | - |  |  | (7) |  |  | (21) |  |  | - |  |  | (28)
| Proceeds from debt issuance |  | 1,238 |  |  | - |  |  | - |  |  | - |  |  | 1,238
| Proceeds from stock issuances |  | 79 |  |  | - |  |  | - |  |  | - |  |  | 79
| Excess tax benefit on the exercise of stock options |  | 9 |  |  | - |  |  | - |  |  | - |  |  | 9
| Dividends paid |  | (210) |  |  | - |  |  | - |  |  | - |  |  | (210)
| Purchase of treasury stock |  | (2,133) |  |  | - |  |  | - |  |  | - |  |  | (2,133)
| Other, net |  | (16) |  |  | (27) |  |  | 27 |  |  | - |  |  | (16)
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |  | 3 |  |  | (944) |  |  | (120) |  |  | - |  |  | (1,061)
Effect of exchange rate changes on cash |  | - |  |  | (17) |  |  | (61) |  |  | - |  |  | (78)
Net (decrease) increase in cash and cash equivalents |  | (885) |  |  | (156) |  |  | 73 |  |  | 46 |  |  | (922)
Cash and cash equivalents at beginning of period |  | 2,383 |  |  | 487 |  |  | 971 |  |  | (78) |  |  | 3,763
Cash and cash equivalents at end of period | $ | 1,498 |  | $ | 331 |  | $ | 1,044 |  | $ | (32) |  | $ | 2,841
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(UNAUDITED)
Nine Months Ended February 28, 2015
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (460) |  | $ | 3,443 |  | $ | 382 |  | $ | 108 |  | $ | 3,473
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | (1) |  |  | (2,849) |  |  | (119) |  |  | - |  |  | (2,969)
| Business acquisitions, net of cash acquired |  | (1,429) |  |  | - |  |  | - |  |  | - |  |  | (1,429)
| Asset dispositions and other |  | - |  |  | 35 |  |  | (19) |  |  | - |  |  | 16
CASH USED IN INVESTING ACTIVITIES |  | (1,430) |  |  | (2,814) |  |  | (138) |  |  | - |  |  | (4,382)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 692 |  |  | (681) |  |  | (11) |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | - |  |  | 202 |  |  | (202) |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 38 |  |  | (38) |  |  | - |  |  | -
| Principal payments on debt |  | - |  |  | (1) |  |  | - |  |  | - |  |  | (1)
| Proceeds from debt issuance |  | 2,491 |  |  | - |  |  | - |  |  | - |  |  | 2,491
| Proceeds from stock issuances |  | 272 |  |  | - |  |  | - |  |  | - |  |  | 272
| Excess tax benefit on the exercise of stock options |  | 31 |  |  | - |  |  | - |  |  | - |  |  | 31
| Dividends paid |  | (171) |  |  | - |  |  | - |  |  | - |  |  | (171)
| Purchase of treasury stock |  | (1,016) |  |  | - |  |  | - |  |  | - |  |  | (1,016)
| Other, net |  | (23) |  |  | (105) |  |  | 105 |  |  |  |  |  | (23)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |  | 2,276 |  |  | (547) |  |  | (146) |  |  | - |  |  | 1,583
Effect of exchange rate changes on cash |  | - |  |  | (31) |  |  | (73) |  |  | - |  |  | (104)
Net increase in cash and cash equivalents |  | 386 |  |  | 51 |  |  | 25 |  |  | 108 |  |  | 570
Cash and cash equivalents at beginning of period |  | 1,756 |  |  | 441 |  |  | 861 |  |  | (150) |  |  | 2,908
Cash and cash equivalents at end of period | $ | 2,142 |  | $ | 492 |  | $ | 886 |  | $ | (42) |  | $ | 3,478

X
- References No definition available. + Details
Name: | fdx_CondensedConsolidatingFinancialStatementsTablesAbstract
Namespace Prefix: | fdx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration