Business Segment Information (Tables)

12 Months Ended

May 31, 2016

Business Segment Information (Tables) [Abstract]

		FedEx Express Segment⁽¹⁾		FedEx Ground Segment		FedEx Freight Segment		FedEx Services Segment		Eliminations, corporate and other^{(2) (3)}		Consolidated Total

Revenues
2016		$	26,451	$	16,574	$	6,200	$	1,593	$	(453)	$	50,365
2015			27,239		12,984		6,191		1,545		(506)		47,453
2014			27,121		11,617		5,757		1,536		(464)		45,567
Depreciation and amortization
2016		$	1,385	$	608	$	248	$	384	$	6	$	2,631
2015			1,460		530		230		390		1		2,611
2014			1,488		468		231		399		1		2,587
Operating income
2016		$	2,519	$	2,276	$	426	$	-	$	(2,144)	$	3,077
2015			1,584		2,172		484		-		(2,373)		1,867
2014			1,428		2,021		351		-		15		3,815
Segment assets⁽⁴⁾
2016		$	21,207	$	13,098	$	3,749	$	5,390	$	2,620	$	46,064
2015			20,382		11,691		3,471		5,356		(4,369)		36,531
2014			19,901		8,466		3,216		5,186		(3,699)		33,070

⁽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.

⁽²⁾	Operating income includes a loss of $1.5 billion in 2016, $2.2 billion in 2015 and $15 million in 2014 associated with our mark-to-market pension accounting. Operating income in 2016 includes provisions for the settlement of and expected losses related to independent contractor litigation matters at FedEx Ground for $256 million and expenses related to the settlement of a CBP notice of action in the amount of $69 million, in each case net of recognized immaterial insurance recovery. 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.

⁽³⁾	Includes TNT Express’s assets and immaterial financial results from the time of acquisition (May 25, 2016).

⁽⁴⁾	Segment assets include intercompany receivables.

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

2016	$	2,356	$	1,597	$	433	$	432	$	-	$	4,818
2015		2,380		1,248		337		381		1		4,347
2014		1,994		850		325		363		1		3,533

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
				2016		2015		2014
FedEx Express segment:
	Package:
		U.S. overnight box		$	6,763	$	6,704	$	6,555
		U.S. overnight envelope			1,662		1,629		1,636
		U.S. deferred			3,379		3,342		3,188
			Total U.S. domestic package revenue		11,804		11,675		11,379
		International priority			5,697		6,251		6,451
		International economy			2,282		2,301		2,229
			Total international export package revenue		7,979		8,552		8,680
		International domestic⁽¹⁾			1,285		1,406		1,446
			Total package revenue		21,068		21,633		21,505

	Freight:
		U.S.			2,481		2,300		2,355
		International priority			1,384		1,588		1,594
		International airfreight			126		180		205
			Total freight revenue		3,991		4,068		4,154
	Other⁽²⁾				1,392		1,538		1,462
			Total FedEx Express segment		26,451		27,239		27,121

FedEx Ground segment:
	FedEx Ground				15,050		12,568		11,617
	GENCO				1,524		416		-
		Total FedEx Ground segment			16,574		12,984		11,617

FedEx Freight segment					6,200		6,191		5,757
FedEx Services segment					1,593		1,545		1,536
Other and eliminations⁽³⁾					(453)		(506)		(464)
				$	50,365	$	47,453	$	45,567

GEOGRAPHICAL INFORMATION⁽⁴⁾
Revenues:
	U.S.			$	38,070	$	34,216	$	32,259
	International:
		FedEx Express segment			11,672		12,772		12,916
		FedEx Ground segment			383		311		248
		FedEx Freight segment			137		142		130
		FedEx Services segment			10		12		14
		Other⁽³⁾			93		-		-
			Total international revenue		12,295		13,237		13,308
				$	50,365	$	47,453	$	45,567
Noncurrent assets:
	U.S.			$	26,047	$	23,582	$	20,658
	International				8,028		2,614		2,729
				$	34,075	$	26,196	$	23,387

⁽¹⁾		International domestic revenues represent our intra-country operations.
⁽²⁾		Includes FedEx Trade Networks and FedEx SupplyChain Systems.
⁽³⁾		Includes TNT Express’s revenue from the time of acquisition (May 25, 2016).
⁽⁴⁾		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.