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Business Segment Information (Tables) | 12 Months Ended
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May 31, 2017
Business Segment Information Tables [Abstract] |
Schedule of Segment Information | The following table provides a reconciliation of reportable segment revenues, depreciation and amortization, operating income and segment assets to consolidated financial statement totals (in millions) for the years ended or as of May 31:
|  | FedEx Express Segment |  |  | TNT Express Segment |  |  | FedEx Ground Segment |  |  | FedEx Freight Segment |  |  | FedEx Services Segment |  |  | Eliminations, corporate and other(5) |  |  | Consolidated Total |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  | $ | 27,358 |  |  | $ | 7,401 |  |  | $ | 18,075 |  |  | $ | 6,443 |  |  | $ | 1,621 |  |  | $ | (579 | ) |  | $ | 60,319 |
2016 |  |  | 26,451 |  |  | N/A |  |  |  | 16,574 |  |  |  | 6,200 |  |  |  | 1,593 |  |  |  | (453 | ) |  |  | 50,365 |
2015 |  |  | 27,239 |  |  | N/A |  |  |  | 12,984 |  |  |  | 6,191 |  |  |  | 1,545 |  |  |  | (506 | ) |  |  | 47,453 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  | $ | 1,431 |  |  | $ | 239 |  |  | $ | 684 |  |  | $ | 269 |  |  | $ | 371 |  |  | $ | 1 |  |  | $ | 2,995 |
2016 |  |  | 1,385 |  |  | N/A |  |  |  | 608 |  |  |  | 248 |  |  |  | 384 |  |  |  | 6 |  |  |  | 2,631 |
2015 |  |  | 1,460 |  |  | N/A |  |  |  | 530 |  |  |  | 230 |  |  |  | 390 |  |  |  | 1 |  |  |  | 2,611 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017(1) |  | $ | 2,678 |  |  | $ | 84 |  |  | $ | 2,292 |  |  | $ | 397 |  |  | $ | — |  |  | $ | (414 | ) |  | $ | 5,037 |
2016(2) |  |  | 2,519 |  |  | N/A |  |  |  | 2,276 |  |  |  | 426 |  |  |  | — |  |  |  | (2,144 | ) |  |  | 3,077 |
2015(3) |  |  | 1,584 |  |  | N/A |  |  |  | 2,172 |  |  |  | 484 |  |  |  | — |  |  |  | (2,373 | ) |  |  | 1,867 |
Segment assets(4) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2017 |  | $ | 24,882 |  |  | $ | 6,939 |  |  | $ | 14,628 |  |  | $ | 3,925 |  |  | $ | 5,682 |  |  | $ | (7,504 | ) |  | $ | 48,552 |
2016 |  |  | 21,205 |  |  | N/A |  |  |  | 13,098 |  |  |  | 3,749 |  |  |  | 5,390 |  |  |  | 2,517 |  |  |  | 45,959 |
2015 |  |  | 20,382 |  |  | N/A |  |  |  | 11,691 |  |  |  | 3,471 |  |  |  | 5,356 |  |  |  | (4,431 | ) |  |  | 36,469 |
(1) | 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.
(2) | 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.
(3) | 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.
(4) | Segment assets include intercompany receivables.
(5) | Includes TNT Express’s assets and immaterial financial results for 2016 from the time of acquisition (May 25, 2016).
Schedule of Segment Capital Expenditures | The following table provides a reconciliation of reportable segment capital expenditures to consolidated totals for the years ended May 31 (in millions):
|  | FedEx Express Segment |  |  | TNT Express Segment |  |  | FedEx Ground Segment |  |  | FedEx Freight Segment |  |  | FedEx Services Segment |  |  | Other |  |  | Consolidated Total |
2017 |  | $ | 2,525 |  |  | $ | 205 |  |  | $ | 1,539 |  |  | $ | 431 |  |  | $ | 416 |  |  | $ | — |  |  | $ | 5,116 |
2016 |  |  | 2,356 |  |  | N/A |  |  |  | 1,597 |  |  |  | 433 |  |  |  | 432 |  |  |  | — |  |  |  | 4,818 |
2015 |  |  | 2,380 |  |  | N/A |  |  |  | 1,248 |  |  |  | 337 |  |  |  | 381 |  |  |  | 1 |  |  |  | 4,347 |
Schedule of Revenue by Service Type and Geographical Information | The following table presents revenue by service type and geographic information for the years ended or as of May 31 (in millions):
|  | 2017 |  |  | 2016 |  |  | 2015 |
REVENUE BY SERVICE TYPE |  |  |  |  |  |  |  |  |  |  |  |
FedEx Express segment: |  |  |  |  |  |  |  |  |  |  |  |
Package: |  |  |  |  |  |  |  |  |  |  |  |
U.S. overnight box |  | $ | 6,958 |  |  | $ | 6,763 |  |  | $ | 6,704 |
U.S. overnight envelope |  |  | 1,750 |  |  |  | 1,662 |  |  |  | 1,629 |
U.S. deferred |  |  | 3,528 |  |  |  | 3,379 |  |  |  | 3,342 |
Total U.S. domestic package revenue |  |  | 12,236 |  |  |  | 11,804 |  |  |  | 11,675 |
International priority |  |  | 5,827 |  |  |  | 5,697 |  |  |  | 6,251 |
International economy |  |  | 2,412 |  |  |  | 2,282 |  |  |  | 2,301 |
Total international export package revenue |  |  | 8,239 |  |  |  | 7,979 |  |  |  | 8,552 |
International domestic(1) |  |  | 1,299 |  |  |  | 1,285 |  |  |  | 1,406 |
Total package revenue |  |  | 21,774 |  |  |  | 21,068 |  |  |  | 21,633 |
Freight: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  |  | 2,528 |  |  |  | 2,481 |  |  |  | 2,300 |
International priority |  |  | 1,502 |  |  |  | 1,384 |  |  |  | 1,588 |
International airfreight |  |  | 118 |  |  |  | 126 |  |  |  | 180 |
Total freight revenue |  |  | 4,148 |  |  |  | 3,991 |  |  |  | 4,068 |
Other(2) |  |  | 1,436 |  |  |  | 1,392 |  |  |  | 1,538 |
Total FedEx Express segment |  |  | 27,358 |  |  |  | 26,451 |  |  |  | 27,239 |
TNT Express segment |  |  | 7,401 |  |  | N/A |  |  | N/A |
FedEx Ground segment: |  |  |  |  |  |  |  |  |  |  |  |
FedEx Ground |  |  | 16,497 |  |  |  | 15,050 |  |  |  | 12,568 |
FedEx Supply Chain |  |  | 1,578 |  |  |  | 1,524 |  |  |  | 416 |
Total FedEx Ground segment |  |  | 18,075 |  |  |  | 16,574 |  |  |  | 12,984 |
FedEx Freight segment |  |  | 6,443 |  |  |  | 6,200 |  |  |  | 6,191 |
FedEx Services segment |  |  | 1,621 |  |  |  | 1,593 |  |  |  | 1,545 |
Other and eliminations(3) |  |  | (579 | ) |  |  | (453 | ) |  |  | (506 | )
|  | $ | 60,319 |  |  | $ | 50,365 |  |  | $ | 47,453 |
GEOGRAPHICAL INFORMATION(4) |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 40,269 |  |  | $ | 38,070 |  |  | $ | 34,216 |
International: |  |  |  |  |  |  |  |  |  |  |  |
FedEx Express segment |  |  | 12,094 |  |  |  | 11,672 |  |  |  | 12,772 |
TNT Express segment |  |  | 7,346 |  |  | N/A |  |  | N/A |
FedEx Ground segment |  |  | 451 |  |  |  | 383 |  |  |  | 311 |
FedEx Freight segment |  |  | 149 |  |  |  | 137 |  |  |  | 142 |
FedEx Services segment |  |  | 10 |  |  |  | 10 |  |  |  | 12 |
Other(3) |  |  | — |  |  |  | 93 |  |  |  | — |
Total international revenue |  |  | 20,050 |  |  |  | 12,295 |  |  |  | 13,237 |
|  | $ | 60,319 |  |  | $ | 50,365 |  |  | $ | 47,453 |
Noncurrent assets: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 28,141 |  |  | $ | 25,942 |  |  | $ | 23,520 |
International |  |  | 7,783 |  |  |  | 8,028 |  |  |  | 2,614 |
|  | $ | 35,924 |  |  | $ | 33,970 |  |  | $ | 26,134 |
(1) | International domestic revenues represent our intra-country operations.
(2) | Includes FedEx Trade Networks and FedEx SupplyChain Systems.
(3) | Includes TNT Express’s revenue for 2016 from the time of acquisition (May 25, 2016).
(4) | International revenue includes shipments that either originate in or are destined to locations outside the United States, which could include U.S. payors. Noncurrent assets include property and equipment, goodwill and other long-term assets. Our flight equipment is registered in the U.S. and is included as U.S. assets; however, many of our aircraft operate internationally.

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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