v3.21.2
Business Segments and Disaggregated Revenue - Schedule of Segment Information (Details) - USD ($)
$ in Millions
 12 Months Ended
May 31, 2021
May 31, 2020
May 31, 2019
Segment Reporting Information [Line Items]      
Revenues [1] $ 83,959 $ 69,217 $ 69,693 [2]
Depreciation and amortization 3,793 3,615 3,353
Operating income (loss) 5,857 [3] 2,417 [4] 4,466 [5]
Segment assets [6] 82,777 73,537 54,403
Capital expenditures 5,884 5,868 5,490
Operating Segments [Member] | FedEx Express Segment [Member]      
Segment Reporting Information [Line Items]      
Revenues 42,078 35,513 37,331 [2]
Depreciation and amortization 1,946 1,894 1,801
Operating income (loss) 2,810 [3] 996 [4] 2,176 [5]
Segment assets [6] 46,356 41,252 33,247
Capital expenditures 3,503 3,560 3,550
Operating Segments [Member] | FedEx Ground Segment [Member]      
Segment Reporting Information [Line Items]      
Revenues 30,496 22,733 20,522 [2]
Depreciation and amortization 843 789 728
Operating income (loss) 3,193 [3] 2,014 [4] 2,663 [5]
Segment assets [6] 29,134 24,700 17,561
Capital expenditures 1,446 1,083 808
Operating Segments [Member] | FedEx Freight Segment [Member]      
Segment Reporting Information [Line Items]      
Revenues 7,833 7,102 7,582 [2]
Depreciation and amortization 417 381 332
Operating income (loss) 1,005 [3] 580 [4] 615 [5]
Segment assets [6] 7,371 6,434 4,736
Capital expenditures 320 539 544
Operating Segments [Member] | FedEx Services Segment [Member]      
Segment Reporting Information [Line Items]      
Revenues 32 22 22 [2]
Depreciation and amortization 462 413 355
Segment assets [6] 8,639 7,285 6,061
Capital expenditures 512 527 440
Corporate, Other and Eliminations [Member]      
Segment Reporting Information [Line Items]      
Revenues 3,520 3,847 4,236
Depreciation and amortization 125 138 137
Operating income (loss) (1,151) [3] (1,173) [4] (988) [5]
Segment assets [6] (8,723) (6,134) (7,202)
Capital expenditures $ 103 $ 159 $ 148
[1] International revenue includes shipments that either originate in or are destined to locations outside the United States, which could include U.S. payors. Noncurrent assets include property and equipment, goodwill and other long-term assets. Our flight equipment is registered in the U.S. and is included as U.S. assets; however, many of our aircraft operate internationally.
[2] Prior year amounts have been revised to conform to the current year presentation.
[3] Includes TNT Express integration expenses of $210 million. These expenses are included in “Corporate, other and eliminations” and the FedEx Express segment. Also includes business realignment costs of $116 million included in the FedEx Express segment.
[4] Includes TNT Express integration expenses of $270 million. These expenses are included in “Corporate, other and eliminations” and the FedEx Express segment. Also includes noncash goodwill and other asset impairment charges of $435 million primarily related to goodwill impairment at FedEx Office and from the decision to permanently retire certain aircraft and related engines at FedEx Express.
[5] Includes TNT Express integration expenses (including restructuring charges) of $388 million. These expenses are included in “Corporate, other and eliminations” and the FedEx Express segment. Also includes business realignment costs of $320 million included in “Corporate, other and eliminations” and costs incurred in connection with the settlement of a legal matter involving FedEx Ground of $46 million.
[6] Segment assets include intercompany receivables.