XML 36 R23.htm IDEA: XBRL DOCUMENT
v3.24.3

Description of Business Segments and Summary of Significant Accounting Policies (Tables) | 3 Months Ended
--- | ---
Aug. 31, 2024
Accounting Policies [Abstract] |
Schedule of Revenue by Service Type | The following table provides revenue by service type (in millions) for the three-month periods ended August 31. This presentation is consistent with how we organize our segments internally for making operating decisions and measuring performance.
|  | 2024 |  |  | 2023 |
REVENUE BY SERVICE TYPE |  |  |  |  |  |
Federal Express segment: |  |  |  |  |  |
Package: |  |  |  |  |  |
U.S. priority |  | $ | 2,591 |  |  | $ | 2,673 |
U.S. deferred |  |  | 1,151 |  |  |  | 1,187 |
U.S. ground |  |  | 8,056 |  |  |  | 8,133 |
Total U.S. domestic package revenue |  |  | 11,798 |  |  |  | 11,993 |
International priority |  |  | 2,206 |  |  |  | 2,327 |
International economy |  |  | 1,360 |  |  |  | 1,117 |
Total international export package revenue |  |  | 3,566 |  |  |  | 3,444 |
International domestic(1) |  |  | 1,112 |  |  |  | 1,140 |
Total package revenue |  |  | 16,476 |  |  |  | 16,577 |
Freight: |  |  |  |  |  |
U.S. |  |  | 569 |  |  |  | 577 |
International priority |  |  | 526 |  |  |  | 553 |
International economy |  |  | 463 |  |  |  | 472 |
Total freight revenue |  |  | 1,558 |  |  |  | 1,602 |
Other |  |  | 271 |  |  |  | 247 |
Total Federal Express segment |  |  | 18,305 |  |  |  | 18,426 |
FedEx Freight segment |  |  | 2,329 |  |  |  | 2,385 |
Other and eliminations(2) |  |  | 945 |  |  |  | 870 |
|  | $ | 21,579 |  |  | $ | 21,681 |
(1) International domestic revenue relates to our international intra-country operations. (2) Includes the FedEx Dataworks, Inc. (“FedEx Dataworks”), FedEx Office and Print Services, Inc. (“FedEx Office”), and FedEx Logistics, Inc. (“FedEx Logistics”) operating segments.
Schedule of Obligation Confirmed and Paid | A rollforward of obligations confirmed and paid during the three-month period ended August 31, 2024 is presented below (in millions):
|  | 2024 |
Confirmed obligations outstanding at beginning of period |  | $ | 94 |
Invoices confirmed during the quarter |  |  | 164 |
Confirmed invoices paid during the quarter |  |  | (185 | )
Currency translation adjustments |  |  | 2 |
Confirmed obligations outstanding at end of period |  | $ | 75 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplier finance program. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 405 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479468/405-50-50-3 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 405 -SubTopic 50 -Name Accounting Standards Codification -Section 55 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477128/405-50-55-5 + Details
Name: | us-gaap_SupplierFinanceProgramTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration