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SCHEDULE II
FEDEX CORPORATION
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED MAY 31, 2019, 2018 AND 2017
(IN MILLIONS)
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ADDITIONS |
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DESCRIPTION |
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BALANCE
AT
BEGINNING
OF YEAR |
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CHARGED
TO
EXPENSES |
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CHARGED
TO
OTHER
ACCOUNTS |
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DEDUCTIONS |
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BALANCE
AT
END OF
YEAR |
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Accounts Receivable Reserves: |
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Allowance for Doubtful Accounts |
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2019 |
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$ |
199 |
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$ |
295 |
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$ |
— |
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$ |
373 |
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(a) |
$ |
121 |
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2018 |
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115 |
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246 |
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— |
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162 |
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(a) |
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199 |
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2017 |
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73 |
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136 |
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— |
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94 |
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(a) |
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115 |
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Allowance for Revenue Adjustments |
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2019 |
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$ |
202 |
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$ |
— |
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$ |
1,192 |
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(b) |
$ |
1,215 |
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(c) |
$ |
179 |
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2018 |
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137 |
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— |
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1,173 |
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(b) |
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1,108 |
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(c) |
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202 |
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2017 |
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105 |
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— |
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941 |
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(b) |
909 |
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(c) |
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137 |
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Inventory Valuation Allowance: |
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2019 |
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$ |
268 |
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$ |
28 |
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$ |
75 |
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$ |
36 |
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$ |
335 |
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2018 |
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237 |
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27 |
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6 |
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2 |
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268 |
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2017 |
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218 |
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26 |
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— |
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7 |
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237 |
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(a) |
Uncollectible accounts written off, net of recoveries, and other adjustments. |
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(b) |
Principally charged against revenue. |
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(c) |
Service failures, rebills and other. |
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