XML 72 R42.htm IDEA: XBRL DOCUMENT
v3.20.2

Business Segments and Disaggregated Revenue (Tables) | 12 Months Ended
--- | ---
May 31, 2020
Segment Reporting Disclosure Of Entitys Reportable Segments [Abstract] |
Schedule of Segment Information | The following table provides a reconciliation of reportable segment revenue, 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 |  |  | Consolidated Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2020 |  | $ | 35,513 |  |  | $ | 22,733 |  |  | $ | 7,102 |  |  | $ | 22 |  |  | $ | 3,847 |  |  | $ | 69,217 |
2019 |  |  | 37,331 |  |  |  | 20,522 |  |  |  | 7,582 |  |  |  | 22 |  |  |  | 4,236 |  |  |  | 69,693 |
2018 |  |  | 36,172 |  |  |  | 18,395 |  |  |  | 6,812 |  |  |  | 28 |  |  |  | 4,043 |  |  |  | 65,450 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2020 |  | $ | 1,894 |  |  | $ | 789 |  |  | $ | 381 |  |  | $ | 413 |  |  | $ | 138 |  |  | $ | 3,615 |
2019 |  |  | 1,801 |  |  |  | 728 |  |  |  | 332 |  |  |  | 355 |  |  |  | 137 |  |  |  | 3,353 |
2018 |  |  | 1,679 |  |  |  | 681 |  |  |  | 296 |  |  |  | 308 |  |  |  | 131 |  |  |  | 3,095 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2020(1) |  | $ | 996 |  |  | $ | 2,014 |  |  | $ | 580 |  |  | $ | — |  |  | $ | (1,173 | ) |  | $ | 2,417 |
2019(2) |  |  | 2,176 |  |  |  | 2,663 |  |  |  | 615 |  |  |  | — |  |  |  | (988 | ) |  |  | 4,466 |
2018(3) |  |  | 2,172 |  |  |  | 2,556 |  |  |  | 490 |  |  |  | — |  |  |  | (946 | ) |  |  | 4,272 |
Segment assets(4) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2020 |  | $ | 41,252 |  |  | $ | 24,700 |  |  | $ | 6,434 |  |  | $ | 7,285 |  |  | $ | (6,134 | ) |  | $ | 73,537 |
2019 |  |  | 33,247 |  |  |  | 17,561 |  |  |  | 4,736 |  |  |  | 6,061 |  |  |  | (7,202 | ) |  |  | 54,403 |
2018 |  |  | 31,753 |  |  |  | 15,458 |  |  |  | 4,251 |  |  |  | 5,501 |  |  |  | (4,633 | ) |  |  | 52,330 |
(1) | Includes TNT Express integration expenses of $270 million. These expenses are included in “Corporate, other and eliminations” and the FedEx Express segment. Also includes noncash goodwill and other asset impairment charges of $435 million primarily related to goodwill impairment at FedEx Office and from the decision to permanently retire certain aircraft and related engines at FedEx Express.
(2) | Includes TNT Express integration expenses (including 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 included in “Corporate, other and eliminations” and costs incurred in connection with the settlement of a legal matter involving FedEx Ground of $46 million.
(3) | Includes TNT Express integration expenses (including 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 included in “Corporate, other and eliminations.”
(4) | 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 |
2020 |  | $ | 3,560 |  |  |  | $ | 1,083 |  |  | $ | 539 |  |  | $ | 527 |  |  | $ | 159 |  |  | $ | 5,868 |
2019 |  |  | 3,550 |  |  |  |  | 808 |  |  |  | 544 |  |  |  | 440 |  |  |  | 148 |  |  |  | 5,490 |
2018 |  |  | 3,461 |  |  |  |  | 1,178 |  |  |  | 490 |  |  |  | 411 |  |  |  | 123 |  |  |  | 5,663 |
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):
|  | 2020 |  |  | 2019(1) |  |  | 2018(1) |
REVENUE BY SERVICE TYPE |  |  |  |  |  |  |  |  |  |  |  |
FedEx Express segment: |  |  |  |  |  |  |  |  |  |  |  |
Package: |  |  |  |  |  |  |  |  |  |  |  |
U.S. overnight box |  | $ | 7,234 |  |  | $ | 7,663 |  |  | $ | 7,273 |
U.S. overnight envelope |  |  | 1,776 |  |  |  | 1,829 |  |  |  | 1,788 |
U.S. deferred |  |  | 4,038 |  |  |  | 4,225 |  |  |  | 3,738 |
Total U.S. domestic package revenue |  |  | 13,048 |  |  |  | 13,717 |  |  |  | 12,799 |
International priority |  |  | 7,354 |  |  |  | 7,405 |  |  |  | 7,461 |
International economy |  |  | 3,082 |  |  |  | 3,446 |  |  |  | 3,255 |
Total international export package revenue |  |  | 10,436 |  |  |  | 10,851 |  |  |  | 10,716 |
International domestic(2) |  |  | 4,179 |  |  |  | 4,540 |  |  |  | 4,637 |
Total package revenue |  |  | 27,663 |  |  |  | 29,108 |  |  |  | 28,152 |
Freight: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  |  | 2,998 |  |  |  | 3,025 |  |  |  | 2,797 |
International priority |  |  | 1,915 |  |  |  | 2,070 |  |  |  | 2,105 |
International economy |  |  | 1,930 |  |  |  | 2,123 |  |  |  | 1,916 |
International airfreight |  |  | 270 |  |  |  | 314 |  |  |  | 368 |
Total freight revenue |  |  | 7,113 |  |  |  | 7,532 |  |  |  | 7,186 |
Other(3) |  |  | 737 |  |  |  | 691 |  |  |  | 834 |
Total FedEx Express segment |  |  | 35,513 |  |  |  | 37,331 |  |  |  | 36,172 |
FedEx Ground segment |  |  | 22,733 |  |  |  | 20,522 |  |  |  | 18,395 |
FedEx Freight segment |  |  | 7,102 |  |  |  | 7,582 |  |  |  | 6,812 |
FedEx Services segment |  |  | 22 |  |  |  | 22 |  |  |  | 28 |
Other and eliminations(4) |  |  | 3,847 |  |  |  | 4,236 |  |  |  | 4,043 |
|  | $ | 69,217 |  |  | $ | 69,693 |  |  | $ | 65,450 |
GEOGRAPHICAL INFORMATION(5) |  |  |  |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 48,404 |  |  | $ | 47,584 |  |  | $ | 43,581 |
International: |  |  |  |  |  |  |  |  |  |  |  |
FedEx Express segment |  |  | 19,177 |  |  |  | 20,424 |  |  |  | 20,417 |
FedEx Ground segment |  |  | 479 |  |  |  | 467 |  |  |  | 407 |
FedEx Freight segment |  |  | 192 |  |  |  | 207 |  |  |  | 181 |
FedEx Services segment |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Other |  |  | 964 |  |  |  | 1,010 |  |  |  | 863 |
Total international revenue |  |  | 20,813 |  |  |  | 22,109 |  |  |  | 21,869 |
|  | $ | 69,217 |  |  | $ | 69,693 |  |  | $ | 65,450 |
Noncurrent assets: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 45,691 |  |  | $ | 33,189 |  |  | $ | 30,362 |
International |  |  | 11,463 |  |  |  | 8,128 |  |  |  | 8,627 |
|  | $ | 57,154 |  |  | $ | 41,317 |  |  | $ | 38,989 |
(1) | Prior year amounts have been revised to conform to the current year presentation.
(2) | International domestic revenue relates to our intra-country operations.
(3) | Includes the operations of FedEx Custom Critical.
(4) | Includes the FedEx Office and FedEx Logistics operating segments.
(5) | 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.

X
- Definition Business segment capital expenditures. + References No definition available. + Details
Name: | fdx_BusinessSegmentCapitalExpendituresTableTextBlock
Namespace Prefix: | fdx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingDisclosureOfEntitysReportableSegmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration