Valuation and Qualifying Accounts

12 Months Ended

May 31, 2011

Schedule of Valuation and Qualifying Accounts Abstract

Schedule Of Valuation And Qualifying Accounts

										SCHEDULE II
FEDEX CORPORATION
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED MAY 31, 2011, 2010, AND 2009
(IN MILLIONS)
			ADDITIONS
	BALANCE				CHARGED						BALANCE
	AT		CHARGED		TO						AT
	BEGINNING		TO		OTHER						END OF
DESCRIPTION	OF YEAR		EXPENSES		ACCOUNTS			DEDUCTIONS			YEAR
Accounts Receivable Reserves:
Allowance for Doubtful Accounts
2011...........................….......…....…	$	93	$	152	$	-		$	148	(a)	$	97
2010...........................….......…....…		114		124		-			145	(a)		93
2009...........................….......…....…		88		181		-			155	(a)		114
Allowance for Revenue Adjustments
2011...........................….......…....…	$	73	$	-	$	532	(b)	$	520	(c)	$	85
2010...........................….......…....…		82		-		430	(b)		439	(c)		73
2009...........................….......…....…		70		-		466	(b)		454	(c)		82
Inventory Valuation Allowance:
2011...........................….......…....…	$	170	$	13	$	-		$	14		$	169
2010...........................….......…....…		175		12		-			17			170
2009...........................….......…....…		163		15		-			3			175
(a) Uncollectible accounts written off, net of recoveries.
(b) Principally charged against revenue.
(c) Service failures, rebills and other.