XML 50 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Feb. 28, 2015
Feb. 28, 2014
Feb. 28, 2015
Feb. 28, 2014
Condensed Consolidated Statements of Income        
REVENUES $ 11,716us-gaap_Revenues $ 11,301us-gaap_Revenues $ 35,339us-gaap_Revenues $ 33,728us-gaap_Revenues
OPERATING EXPENSES:        
Salaries and employee benefits 4,411us-gaap_LaborAndRelatedExpense 4,167us-gaap_LaborAndRelatedExpense 12,904us-gaap_LaborAndRelatedExpense 12,392us-gaap_LaborAndRelatedExpense
Purchased transportation 2,165fdx_PurchasedTransportation 2,063fdx_PurchasedTransportation 6,404fdx_PurchasedTransportation 5,982fdx_PurchasedTransportation
Rentals and landing fees 686fdx_RentalsAndLandingFees 662fdx_RentalsAndLandingFees 2,009fdx_RentalsAndLandingFees 1,950fdx_RentalsAndLandingFees
Depreciation and amortization 652us-gaap_DepreciationDepletionAndAmortization 652us-gaap_DepreciationDepletionAndAmortization 1,954us-gaap_DepreciationDepletionAndAmortization 1,938us-gaap_DepreciationDepletionAndAmortization
Fuel 810us-gaap_FuelCosts 1,163us-gaap_FuelCosts 2,982us-gaap_FuelCosts 3,403us-gaap_FuelCosts
Maintenance and repairs 505us-gaap_CostOfPropertyRepairsAndMaintenance 438us-gaap_CostOfPropertyRepairsAndMaintenance 1,604us-gaap_CostOfPropertyRepairsAndMaintenance 1,397us-gaap_CostOfPropertyRepairsAndMaintenance
Other 1,525us-gaap_OtherCostAndExpenseOperating 1,515us-gaap_OtherCostAndExpenseOperating 4,520us-gaap_OtherCostAndExpenseOperating 4,403us-gaap_OtherCostAndExpenseOperating
OPERATING EXPENSES 10,754us-gaap_OperatingExpenses 10,660us-gaap_OperatingExpenses 32,377us-gaap_OperatingExpenses 31,465us-gaap_OperatingExpenses
OPERATING INCOME 962us-gaap_OperatingIncomeLoss 641us-gaap_OperatingIncomeLoss 2,962us-gaap_OperatingIncomeLoss 2,263us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE):        
Interest, net (58)us-gaap_InterestIncomeExpenseNonoperatingNet (38)us-gaap_InterestIncomeExpenseNonoperatingNet (153)us-gaap_InterestIncomeExpenseNonoperatingNet (95)us-gaap_InterestIncomeExpenseNonoperatingNet
Other, net 5us-gaap_OtherNonoperatingIncomeExpense (9)us-gaap_OtherNonoperatingIncomeExpense 8us-gaap_OtherNonoperatingIncomeExpense (16)us-gaap_OtherNonoperatingIncomeExpense
OTHER INCOME (EXPENSE) (53)us-gaap_NonoperatingIncomeExpense (47)us-gaap_NonoperatingIncomeExpense (145)us-gaap_NonoperatingIncomeExpense (111)us-gaap_NonoperatingIncomeExpense
INCOME BEFORE INCOME TAXES 909us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 594us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,817us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,152us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
PROVISION FOR INCOME TAXES 329us-gaap_IncomeTaxExpenseBenefit 216us-gaap_IncomeTaxExpenseBenefit 1,015us-gaap_IncomeTaxExpenseBenefit 785us-gaap_IncomeTaxExpenseBenefit
NET INCOME $ 580us-gaap_NetIncomeLoss $ 378us-gaap_NetIncomeLoss $ 1,802us-gaap_NetIncomeLoss $ 1,367us-gaap_NetIncomeLoss
EARNINGS PER COMMON SHARE:        
Basic $ 2.05us-gaap_EarningsPerShareBasic $ 1.24us-gaap_EarningsPerShareBasic $ 6.34us-gaap_EarningsPerShareBasic $ 4.38us-gaap_EarningsPerShareBasic
Diluted $ 2.01us-gaap_EarningsPerShareDiluted $ 1.23us-gaap_EarningsPerShareDiluted $ 6.25us-gaap_EarningsPerShareDiluted $ 4.34us-gaap_EarningsPerShareDiluted
DIVIDENDS DECLARED PER COMMON SHARE $ 0.20us-gaap_CommonStockDividendsPerShareDeclared $ 0.15us-gaap_CommonStockDividendsPerShareDeclared $ 0.80us-gaap_CommonStockDividendsPerShareDeclared $ 0.60us-gaap_CommonStockDividendsPerShareDeclared