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Business Segment Information (Tables)
3 Months Ended
Aug. 31, 2024
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 three-month periods ended August 31 (in millions):

 

 

2024

 

 

2023

 

Revenue:

 

 

 

 

 

 

Federal Express segment

 

$

18,305

 

 

$

18,426

 

FedEx Freight segment

 

 

2,329

 

 

 

2,385

 

Other and eliminations

 

 

945

 

 

 

870

 

 

 

$

21,579

 

 

$

21,681

 

Operating income (loss):

 

 

 

 

 

 

Federal Express segment

 

$

953

 

 

$

1,306

 

FedEx Freight segment

 

 

439

 

 

 

482

 

Corporate, other, and eliminations

 

 

(312

)

 

 

(303

)

 

 

$

1,080

 

 

$

1,485

 

The following table provides a reconciliation of reportable segment assets to our unaudited condensed consolidated financial statement totals as of the periods presented (in millions):

 

 

August 31, 2024
(Unaudited)

 

 

May 31,
2024

 

Total assets:

 

 

 

 

 

 

Federal Express segment

 

$

73,207

 

 

$

73,259

 

FedEx Freight segment

 

 

11,815

 

 

 

11,615

 

Corporate, other, and eliminations

 

 

1,689

 

 

 

2,133

 

 

 

$

86,711

 

 

$

87,007