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Business Segment Information (Tables)
9 Months Ended
Feb. 28, 2023
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 February 28 (in millions):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

FedEx Express segment

 

$

10,345

 

 

$

11,304

 

 

$

32,336

 

 

$

33,875

 

FedEx Ground segment

 

 

8,658

 

 

 

8,800

 

 

 

25,211

 

 

 

24,741

 

FedEx Freight segment

 

 

2,186

 

 

 

2,253

 

 

 

7,363

 

 

 

6,776

 

FedEx Services segment

 

 

87

 

 

 

65

 

 

 

225

 

 

 

177

 

Other and eliminations

 

 

893

 

 

 

1,219

 

 

 

3,090

 

 

 

3,549

 

 

 

$

22,169

 

 

$

23,641

 

 

$

68,225

 

 

$

69,118

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

FedEx Express segment

 

$

119

 

 

$

520

 

 

$

634

 

 

$

2,036

 

FedEx Ground segment

 

 

844

 

 

 

641

 

 

 

2,136

 

 

 

1,793

 

FedEx Freight segment

 

 

386

 

 

 

337

 

 

 

1,477

 

 

 

1,061

 

Corporate, other, and eliminations

 

 

(307

)

 

 

(172

)

 

 

(838

)

 

 

(569

)

 

 

$

1,042

 

 

$

1,326

 

 

$

3,409

 

 

$

4,321