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Description of Business Segments and Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Nov. 30, 2024
Accounting Policies [Abstract] |
Schedule of Revenue by Service Type | The following table provides revenue by service type (in millions) for the three- and six-month periods ended November 30. This presentation is consistent with how we organize our segments internally for making operating decisions and measuring performance.
|  | Three Months Ended |  |  | Six Months Ended |
|  | November 30, |  |  | November 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
REVENUE BY SERVICE TYPE |  |  |  |  |  |  |  |  |  |  |  |
Federal Express segment: |  |  |  |  |  |  |  |  |  |  |  |
Package: |  |  |  |  |  |  |  |  |  |  |  |
U.S. priority |  | $ | 2,563 |  |  | $ | 2,605 |  |  | $ | 5,154 |  |  | $ | 5,278 |
U.S. deferred |  |  | 1,199 |  |  |  | 1,207 |  |  |  | 2,350 |  |  |  | 2,394 |
U.S. ground |  |  | 8,256 |  |  |  | 8,309 |  |  |  | 16,312 |  |  |  | 16,442 |
Total U.S. domestic package revenue |  |  | 12,018 |  |  |  | 12,121 |  |  |  | 23,816 |  |  |  | 24,114 |
International priority |  |  | 2,231 |  |  |  | 2,390 |  |  |  | 4,437 |  |  |  | 4,717 |
International economy |  |  | 1,588 |  |  |  | 1,183 |  |  |  | 2,948 |  |  |  | 2,300 |
Total international export package revenue |  |  | 3,819 |  |  |  | 3,573 |  |  |  | 7,385 |  |  |  | 7,017 |
International domestic(1) |  |  | 1,190 |  |  |  | 1,213 |  |  |  | 2,302 |  |  |  | 2,353 |
Total package revenue |  |  | 17,027 |  |  |  | 16,907 |  |  |  | 33,503 |  |  |  | 33,484 |
Freight: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  |  | 383 |  |  |  | 577 |  |  |  | 952 |  |  |  | 1,154 |
International priority |  |  | 640 |  |  |  | 568 |  |  |  | 1,166 |  |  |  | 1,121 |
International economy |  |  | 529 |  |  |  | 470 |  |  |  | 992 |  |  |  | 942 |
Total freight revenue |  |  | 1,552 |  |  |  | 1,615 |  |  |  | 3,110 |  |  |  | 3,217 |
Other |  |  | 262 |  |  |  | 251 |  |  |  | 533 |  |  |  | 498 |
Total Federal Express segment |  |  | 18,841 |  |  |  | 18,773 |  |  |  | 37,146 |  |  |  | 37,199 |
FedEx Freight segment |  |  | 2,177 |  |  |  | 2,452 |  |  |  | 4,506 |  |  |  | 4,837 |
Other and eliminations(2) |  |  | 949 |  |  |  | 940 |  |  |  | 1,894 |  |  |  | 1,810 |
|  | $ | 21,967 |  |  | $ | 22,165 |  |  | $ | 43,546 |  |  | $ | 43,846 |
(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 six-month period ended November 30, 2024 is presented below (in millions):
|  | 2024 |
Confirmed obligations outstanding at beginning of period |  | $ | 94 |
Invoices confirmed during the period |  |  | 330 |
Confirmed invoices paid during the period |  |  | (315 | )
Currency translation adjustments |  |  | (5 | )
Confirmed obligations outstanding at end of period |  | $ | 104 |

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