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SCHEDULE II
FEDEX CORPORATION
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED MAY 31, 2021, 2020 AND 2019
(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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2021 |
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$ |
175 |
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$ |
577 |
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$ |
— |
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$ |
394 |
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(a) |
$ |
358 |
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2020 |
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121 |
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442 |
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— |
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388 |
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(a) |
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175 |
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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) |
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121 |
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Allowance for Revenue Adjustments |
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2021 |
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$ |
215 |
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$ |
— |
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$ |
1,892 |
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(b) |
$ |
1,723 |
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(c) |
$ |
384 |
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2020 |
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179 |
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— |
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1,286 |
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(b) |
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1,250 |
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(c) |
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215 |
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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) |
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1,215 |
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(c) |
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179 |
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Inventory Valuation Allowance: |
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2021 |
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$ |
335 |
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$ |
38 |
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$ |
— |
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$ |
24 |
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$ |
349 |
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2020 |
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335 |
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33 |
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— |
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33 |
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335 |
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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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(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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