Business Segment Information (Tables)

12 Months Ended

May 31, 2011

Business Segment Information (Tables) Abstract

Schedule of Segment Information

		FedEx Express Segment(1)		FedEx Ground Segment		FedEx Freight Segment(2)		FedEx Services Segment(3)		Other and Eliminations		Consolidated Total
Revenues
2011		$	24,581	$	8,485	$	4,911	$	1,684	$	(357)	$	39,304
2010			21,555		7,439		4,321		1,770		(351)		34,734
2009			22,364		7,047		4,415		1,977		(306)		35,497
Depreciation and amortization
2011		$	1,059	$	337	$	205	$	371	$	1	$	1,973
2010			1,016		334		198		408		2		1,958
2009			961		337		224		451		2		1,975
Operating income (loss)
2011		$	1,228	$	1,325	$	(175)	$	-	$	-	$	2,378
2010			1,127		1,024		(153)		-		-		1,998
2009			794		807		(44)		(810)		-		747
Segment assets(4)
2011		$	16,463	$	5,048	$	2,664	$	4,278	$	(1,068)	$	27,385
2010			14,819		4,118		2,786		4,079		(900)		24,902
2009			13,483		3,291		3,044		3,240		1,186		24,244
(1)	FedEx Express segment 2011 operating expenses include a $66 million legal reserve associated with the ATA Airlines lawsuit, and 2009 operating expenses include a charge of $260 million primarily for aircraft-related asset impairments.
(2)	FedEx Freight segment 2011 operating expenses include $133 million in costs associated with the combination of our FedEx Freight and FedEx National LTL operations, effective January 30, 2011, and 2009 operating expenses include a charge of $100 million primarily for impairment charges associated with goodwill related to the FedEx National LTL acquisition.
(3)	FedEx Services segment 2009 operating expenses include a charge of $810 million for impairment of goodwill related to the Kinko's (now known as FedEx Office) acquisition. The normal, ongoing net operating costs of the FedEx Services segment are allocated back to the transportation segments.
(4)	Segment assets include intercompany receivables.

Schedule of Segment Capital Expenditures

The following table provides a reconciliation of reportable segment capital expenditures to consolidated totals for the years ended May 31 (in millions):
	FedEx Express Segment		FedEx Ground Segment		FedEx Freight Segment		FedEx Services Segment		Other		Consolidated Total
2011	$	2,467	$	426	$	153	$	387	$	1	$	3,434
2010		1,864		400		212		340		-		2,816
2009		1,348		636		240		235		-		2,459

Schedule of Revenue by Service Type and Geographical Information

The following table presents revenue by service type and geographic information for the years ended or as of May 31 (in millions):
REVENUE BY SERVICE TYPE
				2011		2010		2009
FedEx Express segment:
	Package:
		U.S. overnight box		$	6,128	$	5,602	$	6,074
		U.S. overnight envelope			1,736		1,640		1,855
		U.S. deferred			2,805		2,589		2,789
			Total domestic package revenue		10,669		9,831		10,718
		International Priority (IP)			8,228		7,087		6,978
		International domestic(1)			653		578		565
			Total package revenue		19,550		17,496		18,261
	Freight:
		U.S.			2,188		1,980		2,165
		International priority			1,722		1,303		1,104
		International airfreight			283		251		369
			Total freight revenue		4,193		3,534		3,638
	Other(2)				838		525		465
			Total FedEx Express segment		24,581		21,555		22,364
FedEx Ground segment					8,485		7,439		7,047
FedEx Freight segment					4,911		4,321		4,415
FedEx Services segment					1,684		1,770		1,977
Other and eliminations					(357)		(351)		(306)
				$	39,304	$	34,734	$	35,497
GEOGRAPHICAL INFORMATION(3)
Revenues:
	U.S.			$	27,461	$	24,852	$	25,819
	International:
		FedEx Express segment			11,437		9,547		9,363
		FedEx Ground segment			177		140		124
		FedEx Freight segment			84		60		39
		FedEx Services segment			145		135		152
			Total international revenue		11,843		9,882		9,678
				$	39,304	$	34,734	$	35,497
Noncurrent assets:
	U.S.			$	17,235	$	16,089	$	15,615
	International				1,865		1,529		1,513
				$	19,100	$	17,618	$	17,128
(1)		International domestic revenues include our international intra-country domestic express operations.
(2)		Other revenues includes FedEx Trade Networks and, beginning in the second quarter of 2010, FedEx SupplyChain Systems.
(3)		International revenue includes shipments that either originate in or are destined to locations outside the United States. Noncurrent assets include property and equipment, goodwill and other long-term assets. Our flight equipment registered in the U.S. is included as U.S. assets; however, many of our aircraft operate internationally.