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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, 2017 | Feb. 28, 2017 | Nov. 30, 2016 | Aug. 31, 2016 | May 31, 2016 | Feb. 29, 2016 | Nov. 30, 2015 | Aug. 31, 2015 | [2] | May 31, 2017 | May 31, 2016 | May 31, 2015
Selected Quarterly Financial Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ 15,728 | [1] | $ 14,997 | [1] | $ 14,931 | [1] | $ 14,663 | [1] | $ 12,979 | [2] | $ 12,654 | [2] | $ 12,453 | [2] | $ 12,279 |  | $ 60,319 |  | $ 50,365 |  | $ 47,453 |
Operating income | 1,581 | [1] | 1,025 | [1] | 1,167 | [1] | 1,264 | [1] | (68) | [2] | 864 | [2] | 1,137 | [2] | 1,144 |  | 5,037 | [3] | 3,077 | [4] | 1,867 | [5]
Net income | $ 1,020 | [1] | $ 562 | [1] | $ 700 | [1] | $ 715 | [1] | $ (70) | [2] | $ 507 | [2] | $ 691 | [2] | $ 692 |  | $ 2,997 |  | $ 1,820 |  | $ 1,050 |
Basic earnings per common share | $ 3.81 | [1],[6] | $ 2.11 | [1],[6] | $ 2.63 | [1],[6] | $ 2.69 | [1],[6] | $ (0.26) | [2],[6] | $ 1.86 | [2],[6] | $ 2.47 | [2],[6] | $ 2.45 | [6] | $ 11.24 |  | $ 6.59 |  | $ 3.70 |
Diluted earnings per common share | $ 3.75 | [1],[6] | $ 2.07 | [1],[6] | $ 2.59 | [1],[6] | $ 2.65 | [1],[6] | $ (0.26) | [2],[6] | $ 1.84 | [2],[6] | $ 2.44 | [2],[6] | $ 2.42 | [6] | $ 11.07 |  | $ 6.51 |  | $ 3.65 |
Charges for legal reserves related to U.S. CBP pending protection matters | $ 39 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 39 |  |  |  |  |
Ground independent contractor litigation expense | 22 |  |  |  |  |  |  |  | $ 11 |  |  |  |  |  |  |  | 22 |  |  |  |  |
Retirement plans mark-to-market adjustment | (24) |  |  |  |  |  |  |  | 1,500 |  |  |  |  |  |  |  | (24) |  | $ 1,498 |  | $ 2,190 |
TNT integration expenses and restructuring charges | 124 |  | $ 78 |  | $ 58 |  | $ 68 |  |  |  |  |  |  |  |  |  | 327 |  |  |  |  |
Ground independent contractor litigation provision |  |  |  |  |  |  |  |  |  |  | $ 204 |  | $ 41 |  |  |  |  |  | 256 |  | $ 197 |
TNT transaction financing integration financial operating results |  |  |  |  |  |  |  |  | 79 |  |  |  |  |  |  |  |  |  |  |  |  |
Internal restructuring |  |  |  |  |  |  |  |  | $ 76 |  |  |  |  |  |  |  |  |  | 76 |  |  |
U.S. CBP notice of action settlement |  |  |  |  |  |  |  |  |  |  | 69 |  |  |  |  |  |  |  | $ 69 |  |  |
TNT transaction financing integration expense |  |  |  |  |  |  |  |  |  |  | $ 25 |  | $ 19 |  |  |  |  |  |  |  |  |
TNT acquisition [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selected Quarterly Financial Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Increase in intangible asset amortization | $ 20 |  | $ 16 |  | $ 10 |  | $ 28 |  |  |  |  |  |  |  |  |  | $ 74 |  |  |  |  |
[1] | The fourth quarter, third quarter, second quarter, and first quarter of 2017 include $124 million, $78 million, $58 million and $68 million, respectively, of TNT Express integration expenses and restructuring charges, and $20 million, $16 million, $10 million and $28 million, respectively, of increased intangible asset amortization as a result of the TNT Express acquisition. The fourth quarter of 2017 includes $39 million of charges for legal reserves related to certain pending CBP matters involving FedEx Trade Networks, $22 million of charges in connection with the settlement of and certain expected losses relating to independent contractor litigation matters at FedEx Ground and $24 million related to the retirement plans MTM gain.
[2] | The fourth quarter of 2016 includes a $1.5 billion retirement plans MTM 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 legal entity 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 CBP notice of action in the amount of $69 million (in each case, net of recognized immaterial insurance recovery), 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.
[3] | Includes TNT Express integration expenses and restructuring charges of $327 million, increased intangible asset amortization of $74 million as a result of the TNT Express acquisition, and a gain of $24 million associated with our mark-to-market pension accounting. These expenses are included in “Eliminations, corporate and other,” the FedEx Express segment and the TNT Express segment. Also includes $39 million of charges for legal reserves related to certain pending U.S. Customs and Border Protection (“CBP”) matters involving FedEx Trade Networks and $22 million of charges in connection with the settlement of and certain expected losses relating to independent contractor litigation matters at FedEx Ground. See Note 18 below for additional information.
[4] | Includes a $1.5 billion loss associated with our mark-to-market pension accounting. Also includes provisions for the settlement of and expected losses related to independent contractor litigation matters at FedEx Ground for $256 million and expenses related to the settlement of a CBP notice of action in the amount of $69 million, in each case net of recognized immaterial insurance recovery, and transaction and integration-planning expenses related to our TNT Express acquisition of $113 million.
[5] | Includes a $2.2 billion loss associated with our mark-to-market pension accounting, $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, and a $197 million charge to increase the legal reserve associated with the settlement of a legal matter at FedEx Ground to the amount of the settlement.
[6] | 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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