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Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
May 31, 2018
Feb. 28, 2018
[1]
Nov. 30, 2017
[1]
Aug. 31, 2017
[1]
May 31, 2017
Feb. 28, 2017
[2]
Nov. 30, 2016
[2]
Aug. 31, 2016
[2]
May 31, 2018
May 31, 2017
May 31, 2016
Condensed Statement Of Income Captions [Line Items]                      
REVENUES $ 17,314 [1] $ 16,526 $ 16,313 $ 15,297 $ 15,728 [2] $ 14,997 $ 14,931 $ 14,663 $ 65,450 [3] $ 60,319 [3] $ 50,365 [3]
OPERATING EXPENSES:                      
Salaries and employee benefits                 23,207 21,542 18,581
Purchased transportation                 15,101 13,630 9,966
Rentals and landing fees                 3,361 3,240 2,854
Depreciation and amortization                 3,095 2,995 2,631
Fuel                 3,374 2,773 2,399
Maintenance and repairs                 2,622 2,374 2,108
Goodwill and other asset impairment charges 380               380    
Retirement plans mark-to-market adjustment (10)       (24)       (10) (24) 1,498
Other                 9,450 8,752 7,251
OPERATING EXPENSES                 60,580 55,282 47,288
OPERATING INCOME 1,490 [1] 1,001 1,262 1,117 1,581 [2] 1,025 1,167 1,264 4,870 [4] 5,037 [5] 3,077 [6]
OTHER INCOME (EXPENSE):                      
Interest, net                 (510) (479) (315)
Other, net                 (7) 21 (22)
INCOME BEFORE INCOME TAXES                 4,353 4,579 2,740
Provision for income taxes (benefit)                 (219) 1,582 920
NET INCOME $ 1,127 [1],[7] $ 2,074 [7] $ 775 [7] $ 596 [7] $ 1,020 [2] $ 562 $ 700 $ 715 4,572 2,997 1,820
COMPREHENSIVE INCOME                 4,409 2,751 1,479
Consolidation Eliminations [Member]                      
Condensed Statement Of Income Captions [Line Items]                      
REVENUES                 (407) (302) (325)
OPERATING EXPENSES:                      
Purchased transportation                 (224) (125) (134)
Rentals and landing fees                 (7) (6) (6)
Other                 (176) (171) (185)
OPERATING EXPENSES                 (407) (302) (325)
OTHER INCOME (EXPENSE):                      
Equity in earnings of subsidiaries                 (4,634) (3,065) (2,099)
INCOME BEFORE INCOME TAXES                 (4,634) (3,065) (2,099)
NET INCOME                 (4,634) (3,065) (2,099)
COMPREHENSIVE INCOME                 (4,634) (3,065) (2,099)
Parent Company [Member] | Reportable Legal Entities [Member]                      
OPERATING EXPENSES:                      
Salaries and employee benefits                 149 123 119
Rentals and landing fees                 5 5 5
Depreciation and amortization                 1 1 1
Maintenance and repairs                 1 1 1
Intercompany charges, net                 (437) (434) (645)
Other                 281 304 519
OTHER INCOME (EXPENSE):                      
Equity in earnings of subsidiaries                 4,572 2,997 1,820
Interest, net                 (541) (507) (355)
Intercompany charges, net                 544 508 369
Other, net                 (3) (1) (14)
INCOME BEFORE INCOME TAXES                 4,572 2,997 1,820
NET INCOME                 4,572 2,997 1,820
COMPREHENSIVE INCOME                 4,489 2,922 1,746
Guarantor Subsidiaries [Member[ | Reportable Legal Entities [Member]                      
Condensed Statement Of Income Captions [Line Items]                      
REVENUES                 48,601 44,823 42,143
OPERATING EXPENSES:                      
Salaries and employee benefits                 17,814 16,696 15,880
Purchased transportation                 9,134 8,260 7,380
Rentals and landing fees                 2,587 2,517 2,484
Depreciation and amortization                 2,644 2,538 2,399
Fuel                 3,077 2,476 2,324
Maintenance and repairs                 2,294 2,086 1,954
Retirement plans mark-to-market adjustment                 19 (75) 1,414
Intercompany charges, net                 (120) 182 425
Other                 6,227 5,734 5,274
OPERATING EXPENSES                 43,676 40,414 39,534
OPERATING INCOME                 4,925 4,409 2,609
OTHER INCOME (EXPENSE):                      
Equity in earnings of subsidiaries                 62 68 279
Interest, net                 46 27 27
Intercompany charges, net                 (291) (296) (354)
Other, net                 (120) (134) (14)
INCOME BEFORE INCOME TAXES                 4,622 4,074 2,547
Provision for income taxes (benefit)                 309 1,439 818
NET INCOME                 4,313 2,635 1,729
COMPREHENSIVE INCOME                 4,263 2,580 1,704
Non Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]                      
Condensed Statement Of Income Captions [Line Items]                      
REVENUES                 17,256 15,798 8,547
OPERATING EXPENSES:                      
Salaries and employee benefits                 5,244 4,723 2,582
Purchased transportation                 6,191 5,495 2,720
Rentals and landing fees                 776 724 371
Depreciation and amortization                 450 456 231
Fuel                 297 297 75
Maintenance and repairs                 327 287 153
Goodwill and other asset impairment charges                 380    
Retirement plans mark-to-market adjustment                 (29) 51 84
Intercompany charges, net                 557 252 220
Other                 3,118 2,885 1,643
OPERATING EXPENSES                 17,311 15,170 8,079
OPERATING INCOME                 (55) 628 468
OTHER INCOME (EXPENSE):                      
Interest, net                 (15) 1 13
Intercompany charges, net                 (253) (212) (15)
Other, net                 116 156 6
INCOME BEFORE INCOME TAXES                 (207) 573 472
Provision for income taxes (benefit)                 (528) 143 102
NET INCOME                 321 430 370
COMPREHENSIVE INCOME                 $ 291 $ 314 $ 128
[1] The fourth quarter, third quarter, second quarter and first quarter of 2018 include $136 million, $106 million, $122 million and $112 million, respectively, of TNT Express integration expenses (including any restructuring charges). The fourth quarter of 2018 includes goodwill and other asset impairment charges related to FedEx Supply Chain of $380 million and a gain of $10 million related to the annual retirement plans MTM adjustment.
[2] 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. 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.
[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.
[4] 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.
[5] 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.
[6] 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.
[7] The fourth quarter of 2018 includes a $255 million net tax benefit from corporate structuring transactions as part of the ongoing integration of FedEx Express and TNT Express. The fourth quarter, third quarter, and second quarter of 2018 include $133 million, $12 million, and $80 million, respectively, of tax benefits from foreign tax credits associated with distributions to the U.S. from foreign operations. The fourth quarter and third quarter of 2018 include $100 million and $165 million, respectively, of tax benefits related to a lower statutory income tax rate on fiscal 2018 earnings. In addition, the third quarter of 2018 includes the following TCJA-related items: a provisional benefit of $1.15 billion related to the remeasurement of our net U.S. deferred tax liability and a one-time benefit of $204 million from a $1.5 billion contribution to our U.S. Pension Plans.