XML 81 R65.htm IDEA: XBRL DOCUMENT v2.4.0.8
Computation of Earnings Per Share (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
May 31, 2014
Feb. 28, 2014
Nov. 30, 2013
Aug. 31, 2013
May 31, 2013
Feb. 28, 2013
Nov. 30, 2012
Aug. 31, 2012
May 31, 2014
May 31, 2013
May 31, 2012
Basic earnings per common share:                      
Net earnings allocable to common shares                 $ 2,093 [1] $ 1,558 [1] $ 2,029 [1]
Weighted-average common shares                 307 315 315
Basic earnings per common share $ 2.49 [2] $ 1.24 [2] $ 1.58 [2] $ 1.54 [2] $ 0.96 [2] $ 1.14 [2],[3] $ 1.39 [2],[3] $ 1.46 [2],[3] $ 6.82 $ 4.95 $ 6.44
Diluted earnings per common share:                      
Net earnings allocable to common shares                 $ 2,093 [1] $ 1,558 [1] $ 2,029 [1]
Weighted-average common shares                 307 315 315
Dilutive effect of share-based awards                 3 2 2
Weighted-average diluted shares                 310 317 317
Diluted earnings per common share $ 2.46 [2] $ 1.23 [2] $ 1.57 [2] $ 1.53 [2] $ 0.95 [2] $ 1.13 [2],[3] $ 1.39 [2],[3] $ 1.45 [2],[3] $ 6.75 $ 4.91 $ 6.41
Anti-dilutive options excluded from diluted earnings per common share                 3.3 11.1 12.6
[1] Net earnings available to participating securities were immaterial in all periods presented.
[2] The sum of the quarterly earnings per share may not equal annual amounts due to differences in the weighted-average number of shares outstanding during the respective periods.
[3] The fourth quarter of 2013 includes $496 million of business realignment costs and an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related engines at FedEx Express. The third quarter of 2013 includes $47 million of business realignment costs. The second quarter of 2013 includes $13 million of business realignment costs.