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. | | | | | | | | | | | | | | | | | | |
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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. |
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