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Summary of Quarterly Operating Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 12 Months Ended
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May 31, 2019 | [1] | Feb. 28, 2019 | [1] | Nov. 30, 2018 | [1] | Aug. 31, 2018 | [1] | May 31, 2018 | [2] | Feb. 28, 2018 | [2] | Nov. 30, 2017 | [2] | Aug. 31, 2017 | [2] | May 31, 2019 | May 31, 2018 | May 31, 2017
Selected Quarterly Financial Information [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ 17,807 |  | $ 17,010 |  | $ 17,824 |  | $ 17,052 |  | $ 17,314 |  | $ 16,526 |  | $ 16,313 |  | $ 15,297 |  | $ 69,693 | [3] | $ 65,450 | [3],[4] | $ 60,319 | [3],[4]
Operating income | 1,316 |  | 911 |  | 1,168 |  | 1,071 |  | 1,328 |  | 858 |  | 1,115 |  | 971 |  | 4,466 | [5] | 4,272 | [6] | 4,566 | [7]
Net income | $ (1,969) | [8] | $ 739 | [8] | $ 935 | [8] | $ 835 | [8] | $ 1,127 | [9] | $ 2,074 | [9] | $ 775 | [9] | $ 596 | [9] | $ 540 |  | $ 4,572 |  | $ 2,997 |
Basic earnings per common share | $ (7.56) | [10] | $ 2.83 | [10] | $ 3.56 | [10] | $ 3.15 | [10] | $ 4.23 | [10] | $ 7.74 | [10] | $ 2.89 | [10] | $ 2.22 | [10] | $ 2.06 |  | $ 17.08 |  | $ 11.24 |
Diluted earnings per common share | $ (7.56) | [10] | $ 2.80 | [10] | $ 3.51 | [10] | $ 3.10 | [10] | $ 4.15 | [10] | $ 7.59 | [10] | $ 2.84 | [10] | $ 2.19 | [10] | $ 2.03 |  | $ 16.79 |  | $ 11.07 |
[1] | The fourth quarter, third quarter, second quarter and first quarter of 2019 include $84 million, $69 million, $114 million and $121 million, respectively, of TNT Express integration expenses (including any restructuring charges). The fourth quarter and third quarter of 2019 include business realignment costs of $316 million and $4 million, respectively. The fourth quarter includes a net loss of $3.9 billion related to the annual MTM retirement plans accounting adjustment. The second quarter of 2019 includes costs incurred in connection with the settlement of a legal matter involving FedEx Ground of $46 million.
[2] | 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 net gain of $10 million related to the annual MTM retirement plans accounting adjustment. The fourth quarter and first quarter of 2018 include charges for legal reserves related to certain CBP matters involving FedEx Logistics of $1 million and $7 million, respectively.
[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] | Prior year amounts have been revised to conform to the current year presentation.
[5] | Includes TNT Express integration expenses and restructuring charges of $388 million. These expenses are included in “Corporate, other and eliminations” and the FedEx Express segment. Also includes business realignment costs of $320 million and costs incurred in connection with the settlement of a legal matter involving FedEx Ground of $46 million.
[6] | Includes TNT Express integration expenses and restructuring charges of $477 million. 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.
[7] | Includes TNT Express integration expenses and restructuring charges of $327 million. 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 U.S. Customs and Border Protection (“CBP”) matters involving FedEx Logistics and $22 million of charges in connection with the settlement of and certain expected losses relating to independent contractor litigation matters at FedEx Ground.
[8] | The income tax benefit for the fourth quarter of 2019 was unfavorably impacted by $200 million due to the lower statutory tax rate under the TCJA on fiscal 2019 earnings and the annual retirement plans accounting MTM adjustment. The third quarter, second quarter and first quarter of 2019 include $60 million, $150 million and $135 million, respectively, of tax benefits primarily from the lower statutory tax rate under the TCJA on fiscal 2019 earnings. The third quarter of 2019 includes a tax benefit of $90 million from the reduction of a valuation allowance on certain tax loss carryforwards and a tax expense of $50 million related to a lower tax rate in the Netherlands applied to our deferred tax balances. The second quarter of 2019 includes a tax benefit of approximately $60 million from accelerated deductions claimed on our 2018 U.S. income tax return. In addition, we recognized a tax expense of $4 million in the second quarter of 2019 as a revision of the provisional benefit associated with the remeasurement of our net U.S. deferred tax liability upon completion of the accounting for the tax effects of the TCJA.
[9] | 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.
[10] | 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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