Business Segment Information (Tables)

12 Months Ended

May. 31, 2015

Business Segment Information (Tables) [Abstract]

Schedule of Segment Information

		FedEx Express Segment(1)		FedEx Ground Segment(2)		FedEx Freight Segment(3)		FedEx Services Segment		Corporate, eliminations and other(5)		Consolidated Total
Revenues
2015		$	27,239	$	12,984	$	6,191	$	1,545	$	(506)	$	47,453
2014			27,121		11,617		5,757		1,536		(464)		45,567
2013			27,171		10,578		5,401		1,580		(443)		44,287
Depreciation and amortization
2015		$	1,460	$	530	$	230	$	390	$	1	$	2,611
2014			1,488		468		231		399		1		2,587
2013			1,350		434		217		384		1		2,386
Operating income
2015		$	1,584	$	2,172	$	484	$	-	$	(2,373)	$	1,867
2014			1,428		2,021		351		-		15		3,815
2013			929		1,859		246		-		1,400		4,434
Segment assets(4)
2015		$	20,759	$	11,764	$	3,530	$	5,357	$	(4,341)	$	37,069
2014			19,901		8,466		3,216		5,186		(3,699)		33,070
2013			18,935		7,353		2,953		4,879		(553)		33,567
(1)	FedEx Express segment 2015 operating income includes $276 million of impairment and related charges resulting from the decision to permanently retire and adjust the retirement schedule of certain aircraft and related engines. FedEx Express segment 2013 operating income includes $405 million of direct and allocated business realignment costs and an impairment charge of $100 million resulting from the decision to retire 10 aircraft and related engines.
(2)	FedEx Ground segment 2013 operating income includes $105 million of allocated business realignment costs.
(3)	FedEx Freight segment 2013 operating income includes $50 million in direct and allocated business realignment costs.
(4)	Segment assets include intercompany receivables.
(5)	Operating income includes a loss of $2.2 billion in 2015, a loss of $15 million in 2014 and a gain of $1.4 billion in 2013 associated with our mark-to-market pension accounting. Operating income in 2015 also includes a $197 million charge in the fourth quarter to increase the legal reserve associated with the settlement of a legal matter at FedEx Ground to the amount of the settlement.

Schedule of Segment Capital Expenditures

The following table provides a reconciliation of reportable segment capital expenditures to consolidated totals for the years ended May 31 (in millions):
	FedEx Express Segment		FedEx Ground Segment		FedEx Freight Segment		FedEx Services Segment		Other		Consolidated Total
2015	$	2,380	$	1,248	$	337	$	381	$	1	$	4,347
2014		1,994		850		325		363		1		3,533
2013		2,067		555		326		424		3		3,375

Schedule of Revenue by Service Type and Geographical Information

The following table presents revenue by service type and geographic information for the years ended or as of May 31 (in millions):
REVENUE BY SERVICE TYPE
				2015		2014		2013
FedEx Express segment:
	Package:
		U.S. overnight box		$	6,704	$	6,555	$	6,513
		U.S. overnight envelope			1,629		1,636		1,705
		U.S. deferred			3,342		3,188		3,020
			Total U.S. domestic package revenue		11,675		11,379		11,238
		International priority			6,251		6,451		6,586
		International economy			2,301		2,229		2,046
			Total international export package revenue		8,552		8,680		8,632
		International domestic(1)			1,406		1,446		1,398
			Total package revenue		21,633		21,505		21,268
	Freight:
		U.S.			2,300		2,355		2,562
		International priority			1,588		1,594		1,678
		International airfreight			180		205		276
			Total freight revenue		4,068		4,154		4,516
	Other(2)				1,538		1,462		1,387
			Total FedEx Express segment		27,239		27,121		27,171
FedEx Ground segment:
	FedEx Ground				11,563		10,634		9,652
	FedEx SmartPost				1,005		983		926
	GENCO				416		-		-
		Total FedEx Ground segment			12,984		11,617		10,578
FedEx Freight segment					6,191		5,757		5,401
FedEx Services segment					1,545		1,536		1,580
Other and eliminations					(506)		(464)		(443)
				$	47,453	$	45,567	$	44,287
GEOGRAPHICAL INFORMATION(3)
Revenues:
	U.S.			$	34,216	$	32,259	$	30,948
	International:
		FedEx Express segment			12,772		12,916		12,959
		FedEx Ground segment			311		248		234
		FedEx Freight segment			142		130		112
		FedEx Services segment			12		14		34
			Total international revenue		13,237		13,308		13,339
				$	47,453	$	45,567	$	44,287
Noncurrent assets:
	U.S.			$	23,514	$	20,658	$	19,637
	International				2,614		2,729		2,656
				$	26,128	$	23,387	$	22,293
(1)		International domestic revenues represent our international intra-country express operations.
(2)		Includes FedEx Trade Networks, FedEx SupplyChain Systems and Bongo.
(3)		International revenue includes shipments that either originate in or are destined to locations outside the United States which could include U.S. payors. Noncurrent assets include property and equipment, goodwill and other long-term assets. Our flight equipment is registered in the U.S. and is included as U.S. assets; however, many of our aircraft operate internationally.