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Description of Business Segments and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Nov. 30, 2024
Accounting Policies [Abstract]  
Schedule of Revenue by Service Type The following table provides revenue by service type (in millions) for the three- and six-month periods ended November 30. This presentation is consistent with how we organize our segments internally for making operating decisions and measuring performance.

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

REVENUE BY SERVICE TYPE

 

 

 

 

 

 

 

 

 

 

 

 

Federal Express segment:

 

 

 

 

 

 

 

 

 

 

 

 

Package:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. priority

 

$

2,563

 

 

$

2,605

 

 

$

5,154

 

 

$

5,278

 

U.S. deferred

 

 

1,199

 

 

 

1,207

 

 

 

2,350

 

 

 

2,394

 

U.S. ground

 

 

8,256

 

 

 

8,309

 

 

 

16,312

 

 

 

16,442

 

Total U.S. domestic package revenue

 

 

12,018

 

 

 

12,121

 

 

 

23,816

 

 

 

24,114

 

International priority

 

 

2,231

 

 

 

2,390

 

 

 

4,437

 

 

 

4,717

 

International economy

 

 

1,588

 

 

 

1,183

 

 

 

2,948

 

 

 

2,300

 

Total international export package revenue

 

 

3,819

 

 

 

3,573

 

 

 

7,385

 

 

 

7,017

 

International domestic(1)

 

 

1,190

 

 

 

1,213

 

 

 

2,302

 

 

 

2,353

 

Total package revenue

 

 

17,027

 

 

 

16,907

 

 

 

33,503

 

 

 

33,484

 

Freight:

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

 

383

 

 

 

577

 

 

 

952

 

 

 

1,154

 

International priority

 

 

640

 

 

 

568

 

 

 

1,166

 

 

 

1,121

 

International economy

 

 

529

 

 

 

470

 

 

 

992

 

 

 

942

 

Total freight revenue

 

 

1,552

 

 

 

1,615

 

 

 

3,110

 

 

 

3,217

 

Other

 

 

262

 

 

 

251

 

 

 

533

 

 

 

498

 

Total Federal Express segment

 

 

18,841

 

 

 

18,773

 

 

 

37,146

 

 

 

37,199

 

FedEx Freight segment

 

 

2,177

 

 

 

2,452

 

 

 

4,506

 

 

 

4,837

 

Other and eliminations(2)

 

 

949

 

 

 

940

 

 

 

1,894

 

 

 

1,810

 

 

 

$

21,967

 

 

$

22,165

 

 

$

43,546

 

 

$

43,846

 

(1)
International domestic revenue relates to our international intra-country operations.
(2)
Includes the FedEx Dataworks, Inc. (“FedEx Dataworks”), FedEx Office and Print Services, Inc. (“FedEx Office”), and FedEx Logistics, Inc. (“FedEx Logistics”) operating segments.
Schedule of Obligation Confirmed and Paid A rollforward of obligations confirmed and paid during the six-month period ended November 30, 2024 is presented below (in millions):

 

 

2024

 

Confirmed obligations outstanding at beginning of period

 

$

94

 

Invoices confirmed during the period

 

 

330

 

Confirmed invoices paid during the period

 

 

(315

)

Currency translation adjustments

 

 

(5

)

Confirmed obligations outstanding at end of period

 

$

104