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Business Segment Information (Tables) | 6 Months Ended
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Nov. 30, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Schedule of Segment Information | The following table provides a reconciliation of reportable segment revenue and operating income (loss) to our unaudited condensed consolidated financial statement totals for the periods ended November 30 (in millions):
|  | Three Months Ended |  |  | Six Months Ended |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
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 |  |  | 949 |  |  |  | 940 |  |  |  | 1,894 |  |  |  | 1,810 |
|  | $ | 21,967 |  |  | $ | 22,165 |  |  | $ | 43,546 |  |  | $ | 43,846 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Federal Express segment |  | $ | 1,052 |  |  | $ | 1,035 |  |  | $ | 2,005 |  |  | $ | 2,341 |
FedEx Freight segment |  |  | 312 |  |  |  | 491 |  |  |  | 751 |  |  |  | 973 |
Corporate, other, and eliminations |  |  | (312 | ) |  |  | (250 | ) |  |  | (624 | ) |  |  | (553 | )
|  | $ | 1,052 |  |  | $ | 1,276 |  |  | $ | 2,132 |  |  | $ | 2,761 |
The following table provides a reconciliation of reportable segment assets to our unaudited condensed consolidated financial statement totals as of the periods presented (in millions):
|  | November 30, 2024 (Unaudited) |  |  | May 31, 2024 |
Total assets: |  |  |  |  |  |
Federal Express segment |  | $ | 72,881 |  |  | $ | 73,259 |
FedEx Freight segment |  |  | 12,284 |  |  |  | 11,615 |
Corporate, other, and eliminations |  |  | 316 |  |  |  | 2,133 |
|  | $ | 85,481 |  |  | $ | 87,007 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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