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Business Segment Information (Tables)
6 Months Ended
Nov. 30, 2022
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Information

The following table provides a reconciliation of reportable segment revenue and operating income (loss) to our unaudited condensed consolidated financial statement totals for the periods ended November 30 (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

FedEx Express segment

 

$

10,864

 

 

$

11,605

 

 

$

21,991

 

 

$

22,571

 

FedEx Ground segment

 

 

8,393

 

 

 

8,264

 

 

 

16,553

 

 

 

15,941

 

FedEx Freight segment

 

 

2,454

 

 

 

2,272

 

 

 

5,177

 

 

 

4,523

 

FedEx Services segment

 

 

68

 

 

 

77

 

 

 

138

 

 

 

112

 

Other and eliminations

 

 

1,035

 

 

 

1,256

 

 

 

2,197

 

 

 

2,330

 

 

 

$

22,814

 

 

$

23,474

 

 

$

46,056

 

 

$

45,477

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

FedEx Express segment

 

$

341

 

 

$

949

 

 

$

515

 

 

$

1,516

 

FedEx Ground segment

 

 

598

 

 

 

481

 

 

 

1,292

 

 

 

1,152

 

FedEx Freight segment

 

 

440

 

 

 

334

 

 

 

1,091

 

 

 

724

 

Corporate, other, and eliminations

 

 

(203

)

 

 

(167

)

 

 

(531

)

 

 

(397

)

 

 

$

1,176

 

 

$

1,597

 

 

$

2,367

 

 

$

2,995