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Business Segment Information (Tables) | 12 Months Ended
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May 31, 2018
Segment Reporting Disclosure Of Entitys Reportable Segments [Abstract] |
Schedule of Segment Information | The following table provides a reconciliation of reportable segment revenues, depreciation and amortization, operating income (loss) and segment assets to consolidated financial statement totals (in millions) for the years ended or as of May 31:
|  | FedEx Express Segment |  |  | FedEx Ground Segment |  |  | FedEx Freight Segment |  |  | FedEx Services Segment |  |  | Corporate, other and eliminations(1) |  |  | Consolidated Total |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 36,172 |  |  | $ | 18,395 |  |  | $ | 6,812 |  |  | $ | 1,650 |  |  | $ | 2,421 |  |  | $ | 65,450 |
2017 |  |  | 33,824 |  |  |  | 16,503 |  |  |  | 6,070 |  |  |  | 1,621 |  |  |  | 2,301 |  |  |  | 60,319 |
2016 |  |  | 25,553 |  |  |  | 15,051 |  |  |  | 5,825 |  |  |  | 1,593 |  |  |  | 2,343 |  |  |  | 50,365 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 1,679 |  |  | $ | 681 |  |  | $ | 296 |  |  | $ | 382 |  |  | $ | 57 |  |  | $ | 3,095 |
2017 |  |  | 1,662 |  |  |  | 627 |  |  |  | 265 |  |  |  | 371 |  |  |  | 70 |  |  |  | 2,995 |
2016 |  |  | 1,377 |  |  |  | 556 |  |  |  | 244 |  |  |  | 384 |  |  |  | 70 |  |  |  | 2,631 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018(2) |  | $ | 2,578 |  |  | $ | 2,605 |  |  | $ | 517 |  |  | $ | — |  |  | $ | (830 | ) |  | $ | 4,870 |
2017(3) |  |  | 2,769 |  |  |  | 2,279 |  |  |  | 390 |  |  |  | — |  |  |  | (401 | ) |  |  | 5,037 |
2016(4) |  |  | 2,485 |  |  |  | 2,240 |  |  |  | 421 |  |  |  | — |  |  |  | (2,069 | ) |  |  | 3,077 |
Segment assets(5) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2018 |  | $ | 31,753 |  |  | $ | 15,458 |  |  | $ | 7,389 |  |  | $ | 6,377 |  |  | $ | (8,647 | ) |  | $ | 52,330 |
2017 |  |  | 31,307 |  |  |  | 12,969 |  |  |  | 6,527 |  |  |  | 5,682 |  |  |  | (7,933 | ) |  |  | 48,552 |
2016 |  |  | 20,798 |  |  |  | 11,407 |  |  |  | 6,104 |  |  |  | 5,390 |  |  |  | 2,260 |  |  |  | 45,959 |
(1) | Includes TNT Express’s assets and immaterial financial results for 2016 from the time of acquisition (May 25, 2016).
(2) | Includes TNT Express integration expenses and restructuring charges of $477 million and a gain of $10 million associated with our annual MTM retirement plans accounting adjustment. These expenses are included in “Corporate, other and eliminations” and the FedEx Express segment. Also includes goodwill and other asset impairment charges of $380 million.
(3) | Includes TNT Express integration expenses and restructuring charges of $327 million and a gain of $24 million associated with our MTM retirement plans accounting. These expenses are included in “Corporate, other and eliminations” and the FedEx 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 MTM retirement plans 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 involving FedEx Trade Networks 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) | Segment assets include intercompany receivables.
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 |  |  |  | FedEx Ground Segment |  |  | FedEx Freight Segment |  |  | FedEx Services Segment |  |  | Other |  |  | Consolidated Total |
2018 |  | $ | 3,461 |  |  |  | $ | 1,178 |  |  | $ | 490 |  |  | $ | 477 |  |  | $ | 57 |  |  | $ | 5,663 |
2017 |  |  | 2,725 |  |  |  |  | 1,490 |  |  |  | 431 |  |  |  | 416 |  |  |  | 54 |  |  |  | 5,116 |
2016 |  |  | 2,350 |  |  |  |  | 1,556 |  |  |  | 428 |  |  |  | 432 |  |  |  | 52 |  |  |  | 4,818 |
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):
|  | 2018 |  |  | 2017 |  |  | 2016 |
REVENUE BY SERVICE TYPE |  |  |  |  |  |  |  |  |  |  |  |
FedEx Express segment: |  |  |  |  |  |  |  |  |  |  |  |
Package: |  |  |  |  |  |  |  |  |  |  |  |
U.S. overnight box |  | $ | 7,273 |  |  | $ | 6,955 |  |  | $ | 6,763 |
U.S. overnight envelope |  |  | 1,788 |  |  |  | 1,750 |  |  |  | 1,662 |
U.S. deferred |  |  | 3,738 |  |  |  | 3,526 |  |  |  | 3,379 |
Total U.S. domestic package revenue |  |  | 12,799 |  |  |  | 12,231 |  |  |  | 11,804 |
International priority |  |  | 7,356 |  |  |  | 6,940 |  |  |  | 5,697 |
International economy |  |  | 3,255 |  |  |  | 2,876 |  |  |  | 2,282 |
Total international export package revenue |  |  | 10,611 |  |  |  | 9,816 |  |  |  | 7,979 |
International domestic(1) |  |  | 4,587 |  |  |  | 4,227 |  |  |  | 1,285 |
Total package revenue |  |  | 27,997 |  |  |  | 26,274 |  |  |  | 21,068 |
Freight: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  |  | 2,797 |  |  |  | 2,527 |  |  |  | 2,481 |
International priority |  |  | 2,179 |  |  |  | 1,910 |  |  |  | 999 |
International economy |  |  | 1,916 |  |  |  | 1,740 |  |  |  | 385 |
International airfreight |  |  | 368 |  |  |  | 355 |  |  |  | 126 |
Total freight revenue |  |  | 7,260 |  |  |  | 6,532 |  |  |  | 3,991 |
Other |  |  | 915 |  |  |  | 1,018 |  |  |  | 494 |
Total FedEx Express segment |  |  | 36,172 |  |  |  | 33,824 |  |  |  | 25,553 |
FedEx Ground segment |  |  | 18,395 |  |  |  | 16,503 |  |  |  | 15,051 |
FedEx Freight segment |  |  | 6,812 |  |  |  | 6,070 |  |  |  | 5,825 |
FedEx Services segment |  |  | 1,650 |  |  |  | 1,621 |  |  |  | 1,593 |
Other and eliminations(2) |  |  | 2,421 |  |  |  | 2,301 |  |  |  | 2,343 |
|  | $ | 65,450 |  |  | $ | 60,319 |  |  | $ | 50,365 |
GEOGRAPHICAL INFORMATION(3) |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 43,581 |  |  | $ | 40,269 |  |  | $ | 38,070 |
International: |  |  |  |  |  |  |  |  |  |  |  |
FedEx Express segment |  |  | 20,417 |  |  |  | 18,817 |  |  |  | 11,083 |
FedEx Ground segment |  |  | 407 |  |  |  | 331 |  |  |  | 275 |
FedEx Freight segment |  |  | 181 |  |  |  | 149 |  |  |  | 137 |
FedEx Services segment |  |  | 3 |  |  |  | 10 |  |  |  | 10 |
Other(2) |  |  | 861 |  |  |  | 743 |  |  |  | 790 |
Total international revenue |  |  | 21,869 |  |  |  | 20,050 |  |  |  | 12,295 |
|  | $ | 65,450 |  |  | $ | 60,319 |  |  | $ | 50,365 |
Noncurrent assets: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 30,362 |  |  | $ | 28,141 |  |  | $ | 25,942 |
International |  |  | 8,627 |  |  |  | 7,783 |  |  |  | 8,028 |
|  | $ | 38,989 |  |  | $ | 35,924 |  |  | $ | 33,970 |
(1) | International domestic revenues relate to our intra-country operations.
(2) | Includes the FedEx Trade Networks operating segment and TNT Express’s revenue for 2016 from the time of acquisition (May 25, 2016).
(3) | 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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