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Business Segments and Disaggregated Revenue (Tables) | 12 Months Ended
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May 31, 2021
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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2021 |  | $ | 42,078 |  |  | $ | 30,496 |  |  | $ | 7,833 |  |  | $ | 32 |  |  | $ | 3,520 |  |  | $ | 83,959 |
2020 |  |  | 35,513 |  |  |  | 22,733 |  |  |  | 7,102 |  |  |  | 22 |  |  |  | 3,847 |  |  |  | 69,217 |
2019 |  |  | 37,331 |  |  |  | 20,522 |  |  |  | 7,582 |  |  |  | 22 |  |  |  | 4,236 |  |  |  | 69,693 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2021 |  | $ | 1,946 |  |  | $ | 843 |  |  | $ | 417 |  |  | $ | 462 |  |  | $ | 125 |  |  | $ | 3,793 |
2020 |  |  | 1,894 |  |  |  | 789 |  |  |  | 381 |  |  |  | 413 |  |  |  | 138 |  |  |  | 3,615 |
2019 |  |  | 1,801 |  |  |  | 728 |  |  |  | 332 |  |  |  | 355 |  |  |  | 137 |  |  |  | 3,353 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2021(1) |  | $ | 2,810 |  |  | $ | 3,193 |  |  | $ | 1,005 |  |  | $ | — |  |  | $ | (1,151 | ) |  | $ | 5,857 |
2020(2) |  |  | 996 |  |  |  | 2,014 |  |  |  | 580 |  |  |  | — |  |  |  | (1,173 | ) |  |  | 2,417 |
2019(3) |  |  | 2,176 |  |  |  | 2,663 |  |  |  | 615 |  |  |  | — |  |  |  | (988 | ) |  |  | 4,466 |
Segment assets(4) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2021 |  | $ | 46,356 |  |  | $ | 29,134 |  |  | $ | 7,371 |  |  | $ | 8,639 |  |  | $ | (8,723 | ) |  | $ | 82,777 |
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 |
(1) | Includes TNT Express integration expenses of $210 million. These expenses are included in “Corporate, other and eliminations” and the FedEx Express segment. Also includes business realignment costs of $116 million included in the FedEx Express segment.
(2) | 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.
(3) | 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.
(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 |
2021 |  | $ | 3,503 |  |  |  | $ | 1,446 |  |  | $ | 320 |  |  | $ | 512 |  |  | $ | 103 |  |  | $ | 5,884 |
2020 |  |  | 3,560 |  |  |  |  | 1,083 |  |  |  | 539 |  |  |  | 527 |  |  |  | 159 |  |  |  | 5,868 |
2019 |  |  | 3,550 |  |  |  |  | 808 |  |  |  | 544 |  |  |  | 440 |  |  |  | 148 |  |  |  | 5,490 |
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):
|  | 2021 |  |  | 2020 |  |  | 2019(1) |
REVENUE BY SERVICE TYPE |  |  |  |  |  |  |  |  |  |  |  |
FedEx Express segment: |  |  |  |  |  |  |  |  |  |  |  |
Package: |  |  |  |  |  |  |  |  |  |  |  |
U.S. overnight box |  | $ | 8,116 |  |  | $ | 7,234 |  |  | $ | 7,663 |
U.S. overnight envelope |  |  | 1,791 |  |  |  | 1,776 |  |  |  | 1,829 |
U.S. deferred |  |  | 4,984 |  |  |  | 4,038 |  |  |  | 4,225 |
Total U.S. domestic package revenue |  |  | 14,891 |  |  |  | 13,048 |  |  |  | 13,717 |
International priority |  |  | 10,317 |  |  |  | 7,354 |  |  |  | 7,405 |
International economy |  |  | 2,632 |  |  |  | 3,082 |  |  |  | 3,446 |
Total international export package revenue |  |  | 12,949 |  |  |  | 10,436 |  |  |  | 10,851 |
International domestic(2) |  |  | 4,640 |  |  |  | 4,179 |  |  |  | 4,540 |
Total package revenue |  |  | 32,480 |  |  |  | 27,663 |  |  |  | 29,108 |
Freight: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  |  | 3,325 |  |  |  | 2,998 |  |  |  | 3,025 |
International priority |  |  | 3,030 |  |  |  | 1,915 |  |  |  | 2,070 |
International economy |  |  | 1,582 |  |  |  | 1,930 |  |  |  | 2,123 |
International airfreight |  |  | 245 |  |  |  | 270 |  |  |  | 314 |
Total freight revenue |  |  | 8,182 |  |  |  | 7,113 |  |  |  | 7,532 |
Other(3) |  |  | 1,416 |  |  |  | 737 |  |  |  | 691 |
Total FedEx Express segment |  |  | 42,078 |  |  |  | 35,513 |  |  |  | 37,331 |
FedEx Ground segment |  |  | 30,496 |  |  |  | 22,733 |  |  |  | 20,522 |
FedEx Freight segment |  |  | 7,833 |  |  |  | 7,102 |  |  |  | 7,582 |
FedEx Services segment |  |  | 32 |  |  |  | 22 |  |  |  | 22 |
Other and eliminations(4) |  |  | 3,520 |  |  |  | 3,847 |  |  |  | 4,236 |
|  | $ | 83,959 |  |  | $ | 69,217 |  |  | $ | 69,693 |
GEOGRAPHICAL INFORMATION(5) |  |  |  |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 58,792 |  |  | $ | 48,404 |  |  | $ | 47,584 |
International: |  |  |  |  |  |  |  |  |  |  |  |
FedEx Express segment |  |  | 23,085 |  |  |  | 19,177 |  |  |  | 20,424 |
FedEx Ground segment |  |  | 735 |  |  |  | 479 |  |  |  | 467 |
FedEx Freight segment |  |  | 190 |  |  |  | 192 |  |  |  | 207 |
FedEx Services segment |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Other |  |  | 1,156 |  |  |  | 964 |  |  |  | 1,010 |
Total international revenue |  |  | 25,167 |  |  |  | 20,813 |  |  |  | 22,109 |
|  | $ | 83,959 |  |  | $ | 69,217 |  |  | $ | 69,693 |
Noncurrent assets: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 49,407 |  |  | $ | 45,691 |  |  | $ | 33,189 |
International |  |  | 12,790 |  |  |  | 11,463 |  |  |  | 8,128 |
|  | $ | 62,197 |  |  | $ | 57,154 |  |  | $ | 41,317 |
(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 beginning March 1, 2020 and FedEx Cross Border beginning June 1, 2020.
(4) | Includes the FedEx Office and FedEx Logistics operating segments, as well as the financial results of ShopRunner beginning December 23, 2020.
(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.

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