| | | | | | | | | | | | SCHEDULE II |
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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 |
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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 |
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Inventory Valuation Allowance: | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
2011...........................….......…....… | $ | 170 | | $ | 13 | | $ | - | | $ | 14 | | $ | 169 |
2010...........................….......…....… | | 175 | | | 12 | | | - | | | 17 | | | 170 |
2009...........................….......…....… | | 163 | | | 15 | | | - | | | 3 | | | 175 |
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(a) Uncollectible accounts written off, net of recoveries. |
(b) Principally charged against revenue. |
(c) Service failures, rebills and other. |