Valuation and Qualifying Accounts

12 Months Ended

May 31, 2022

SEC Schedule, 12-09, 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, 2022, 2021, AND 2020

(IN MILLIONS)

			ADDITIONS
DESCRIPTION	BALANCE AT BEGINNING OF YEAR		CHARGED TO EXPENSES		CHARGED TO OTHER ACCOUNTS			DEDUCTIONS			BALANCE AT END OF YEAR
Accounts Receivable Reserves:
Allowance for Doubtful Accounts
2022	$	358	$	403	$	—		$	421	(a)	$	340
2021		175		577		—			394	(a)		358
2020		121		442		—			388	(a)		175
Allowance for Revenue Adjustments
2022	$	384	$	—	$	1,795	(b)	$	1,827	(c)	$	352
2021		215		—		1,892	(b)		1,723	(c)		384
2020		179		—		1,286	(b)		1,250	(c)		215
Inventory Valuation Allowance:
2022	$	349	$	35	$	—		$	24		$	360
2021		335		38		—			24			349
2020		335		33		—			33			335

(a)Uncollectible accounts written off, net of recoveries, and other adjustments.

(b)Principally charged against revenue.

(c)Service failures, rebills, and other.