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Computation of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
May 31, 2016
[2],[3]
Feb. 29, 2016
[2],[3]
Nov. 30, 2015
[2],[3]
Aug. 31, 2015
[3]
May 31, 2015
[3],[4]
Feb. 28, 2015
[3]
Nov. 30, 2014
[3]
Aug. 31, 2014
[3]
May 31, 2016
May 31, 2015
May 31, 2014
Basic earnings per common share:                      
Net earnings allocable to common shares [1]                 $ 1,818 $ 1,048 $ 2,320
Weighted-average common shares                 276.0 283.0 307.0
Basic earnings per common share $ (0.26) $ 1.86 $ 2.47 $ 2.45 $ (3.16) $ 2.21 $ 2.34 $ 2.29 $ 6.59 $ 3.70 $ 7.56
Diluted earnings per common share:                      
Net earnings allocable to common shares [1]                 $ 1,818 $ 1,048 $ 2,320
Weighted-average common shares                 276.0 283.0 307.0
Dilutive effect of share-based awards                 3.0 4.0 3.0
Weighted-average diluted shares                 279.0 287.0 310.0
Diluted earnings per common share $ (0.26) $ 1.84 $ 2.44 $ 2.42 $ (3.16) $ 2.18 $ 2.31 $ 2.26 $ 6.51 $ 3.65 $ 7.48
Anti-dilutive options excluded from diluted earnings per common share                 3.9 2.1 3.3
[1] Net earnings available to participating securities were immaterial in all periods presented.
[2] The fourth quarter of 2016 includes a $1.5 billion retirement plans mark-to-market loss and TNT Express transaction, financing and integration planning expenses and immaterial financial results from the time of acquisition totaling $79 million. In addition, the fourth quarter of 2016 includes a $76 million favorable tax impact from an internal corporate restructuring to facilitate the integration of FedEx Express and TNT Express and $11 million of expenses related to independent contractor litigation matters at FedEx Ground. The third quarter of 2016 includes provisions related to independent contractor litigation matters at FedEx Ground for $204 million and expenses related to the settlement of a U.S. Customs and Border Protection notice of action in the amount of $69 million, as well as TNT Express transaction, financing and integration planning expenses of $25 million. The second quarter of 2016 includes provisions related to independent contractor litigation matters at FedEx Ground for $41 million and $19 million of TNT Express transaction, financing and integration planning expenses.
[3] 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.
[4] The fourth quarter of 2015 includes a $2.2 billion retirement plans mark-to-market loss, $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 at FedEx Express and a $197 million reserve increase due to the settlement of a legal matter at FedEx Ground.