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Valuation and Qualifying Accounts (Tables) | 12 Months Ended
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May 31, 2024
Valuation And Qualifying Accounts Tables Abstract |
Schedule of Valuation and Qualifying Accounts | FEDEX CORPORATION VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED MAY 31, 2024, 2023, AND 2022 (IN MILLIONS)
|  |  |  |  | ADDITIONS |  |  |  |  |  |  |
DESCRIPTION |  | BALANCE AT BEGINNING OF YEAR |  |  | CHARGED TO EXPENSES |  |  | CHARGED TO OTHER ACCOUNTS |  |  | DEDUCTIONS |  |  | BALANCE AT END OF YEAR |
Accounts Receivable Reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for Credit Losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2024 |  | $ | 472 |  |  | $ | 422 |  |  | $ | — |  |  | $ | 458 |  | (a) | $ | 436 |
2023 |  |  | 340 |  |  |  | 696 |  |  |  | — |  |  |  | 564 |  | (a) |  | 472 |
2022 |  |  | 358 |  |  |  | 403 |  |  |  | — |  |  |  | 421 |  | (a) |  | 340 |
Allowance for Revenue Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2024 |  | $ | 328 |  |  | $ | — |  |  | $ | 1,534 |  | (b) | $ | 1,523 |  | (c) | $ | 339 |
2023 |  |  | 352 |  |  |  | — |  |  |  | 1,662 |  | (b) |  | 1,686 |  | (c) |  | 328 |
2022 |  |  | 384 |  |  |  | — |  |  |  | 1,795 |  | (b) |  | 1,827 |  | (c) |  | 352 |
Inventory Valuation Allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2024 |  | $ | 276 |  |  | $ | 40 |  |  | $ | — |  |  | $ | 28 |  |  | $ | 288 |
2023 |  |  | 360 |  |  |  | 33 |  |  |  | — |  |  |  | 117 |  |  |  | 276 |
2022 |  |  | 349 |  |  |  | 35 |  |  |  | — |  |  |  | 24 |  |  |  | 360 |
(a) Uncollectible accounts written off, net of recoveries, and other adjustments. (b) Principally charged against revenue. (c) Service failures, rebills, and other.

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- Definition Valuation and qualifying accounts. + References No definition available. + Details
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- Definition Tabular disclosure of the activity by class in any valuation allowance for impairment of recognized servicing assets - including beginning and ending balances, aggregate additions charged and recoveries credited to operations, and aggregate write-downs charged against allowance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481229/860-50-50-4 + Details
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