XML 57 R37.htm IDEA: XBRL DOCUMENT
v3.24.2

Long Term Debt and Other Financing Arrangements (Tables) | 12 Months Ended
--- | ---
May 31, 2024
Long Term Debt Tables [Abstract] |
Components of Long-term Debt (Net of Discounts and Debt Issuance Costs) | The components of long-term debt (net of discounts and debt issuance costs), along with maturity dates for the years subsequent to May 31, 2024, are as follows (in millions):
|  |  |  |  |  |  | May 31, |
|  |  |  |  |  |  | 2024 |  |  | 2023 |
|  | Interest Rate % |  |  | Maturity |  |  |  |  |  |
Senior secured debt: |  |  |  |  |  |  |  |  |  |  |
|  |  | 1.875 |  |  | 2034 |  | $ | 780 |  |  | $ | 831 |
Senior unsecured debt: |  |  |  |  |  |  |  |  |  |  |
|  |  | 3.25 |  |  | 2026 |  |  | 748 |  |  |  | 748 |
|  |  | 3.40 |  |  | 2028 |  |  | 498 |  |  |  | 497 |
|  |  | 4.20 |  |  | 2029 |  |  | 398 |  |  |  | 398 |
|  | 3.10-4.25 |  |  | 2030 |  |  | 1,739 |  |  |  | 1,737 |
|  |  | 2.40 |  |  | 2031 |  |  | 992 |  |  |  | 991 |
|  |  | 4.90 |  |  | 2034 |  |  | 497 |  |  |  | 496 |
|  |  | 3.90 |  |  | 2035 |  |  | 495 |  |  |  | 495 |
|  |  | 3.25 |  |  | 2041 |  |  | 740 |  |  |  | 740 |
|  | 3.875-4.10 |  |  | 2043 |  |  | 986 |  |  |  | 985 |
|  |  | 5.10 |  |  | 2044 |  |  | 743 |  |  |  | 743 |
|  |  | 4.10 |  |  | 2045 |  |  | 642 |  |  |  | 641 |
|  | 4.55-4.75 |  |  | 2046 |  |  | 2,464 |  |  |  | 2,463 |
|  |  | 4.40 |  |  | 2047 |  |  | 737 |  |  |  | 736 |
|  |  | 4.05 |  |  | 2048 |  |  | 987 |  |  |  | 987 |
|  |  | 4.95 |  |  | 2049 |  |  | 836 |  |  |  | 836 |
|  |  | 5.25 |  |  | 2050 |  |  | 1,227 |  |  |  | 1,226 |
|  |  | 4.50 |  |  | 2065 |  |  | 246 |  |  |  | 246 |
|  |  | 7.60 |  |  | 2098 |  |  | 237 |  |  |  | 237 |
Euro senior unsecured debt: |  |  |  |  |  |  |  |  |  |  |
|  |  | 0.45 |  |  | 2026 |  |  | 542 |  |  |  | 537 |
|  |  | 1.625 |  |  | 2027 |  |  | 1,353 |  |  |  | 1,341 |
|  |  | 0.45 |  |  | 2029 |  |  | 647 |  |  |  | 641 |
|  |  | 1.30 |  |  | 2032 |  |  | 539 |  |  |  | 534 |
|  |  | 0.95 |  |  | 2033 |  |  | 699 |  |  |  | 693 |
Total senior unsecured debt |  |  |  |  |  |  |  | 18,992 |  |  |  | 18,948 |
Finance lease obligations |  |  |  |  |  |  |  | 431 |  |  |  | 800 |
|  |  |  |  |  |  |  | 20,203 |  |  |  | 20,579 |
Less current portion |  |  |  |  |  |  |  | 68 |  |  |  | 126 |
|  |  |  |  |  |  | $ | 20,135 |  |  | $ | 20,453 |
Scheduled Principal Payments on Long-Term Debt Maturities | The following table sets forth the future scheduled principal payments due by fiscal year on our long-term debt (in millions):
|  |  |  |  |  | Debt Principal |
2025 |  |  |  |  |  | $ | 52 |
2026 |  |  |  |  |  |  | 1,344 |
2027 |  |  |  |  |  |  | 1,409 |
2028 |  |  |  |  |  |  | 552 |
2029 |  |  |  |  |  |  | 1,103 |
Thereafter |  |  |  |  |  |  | 15,517 |
Subtotal |  |  |  |  |  |  | 19,977 |
Discount and debt issuance costs |  |  |  |  |  |  | (205 | )
Total debt |  |  |  |  |  | $ | 19,772 |

X
- Definition Long Term Debt (Tables) [Abstract] + References No definition available. + Details
Name: | fdx_LongTermDebtTablesAbstract
Namespace Prefix: | fdx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration