General (Tables)

9 Months Ended

Feb. 28, 2019

The following table provides revenue by service type (dollars in millions) for the periods ended February 28. This presentation is consistent with how we organize our segments internally for making operating decisions and measuring performance.

	Three Months Ended				Nine Months Ended
	2019		2018		2019		2018
REVENUE BY SERVICE TYPE
FedEx Express segment:
Package:
U.S. overnight box	$	1,844	$	1,836	$	5,678	$	5,373
U.S. overnight envelope		433		435		1,345		1,317
U.S. deferred		1,119		996		3,131		2,796
Total U.S. domestic package revenue		3,396		3,267		10,154		9,486
International priority		1,738		1,841		5,508		5,469
International economy		806		793		2,541		2,378
Total international export package revenue		2,544		2,634		8,049		7,847
International domestic⁽¹⁾		1,078		1,140		3,412		3,424
Total package revenue		7,018		7,041		21,615		20,757
Freight:
U.S.		772		739		2,294		2,040
International priority		477		532		1,574		1,527
International economy		495		492		1,568		1,354
International airfreight		76		93		244		276
Total freight revenue		1,820		1,856		5,680		5,197
Other		167		201		536		620
Total FedEx Express segment		9,005		9,098		27,831		26,574
FedEx Ground segment		5,261		4,828		15,202		13,598
FedEx Freight segment		1,750		1,613		5,627		4,950
FedEx Services segment		402		397		1,248		1,213
Other and eliminations⁽²⁾		592		590		1,978		1,801
	$	17,010	$	16,526	$	51,886	$	48,136

⁽¹⁾

International domestic revenues relate to our intra-country operations.

⁽²⁾

Includes the FedEx Logistics, Inc. (“FedEx Logistics” (formerly FedEx Trade Networks, Inc.)) operating segment.

Schedule of Recently Adopted Accounting Standards

The following table presents our results under our historical method of accounting and as adjusted to reflect our adoption of ASU 2017-07 (in millions):

	Three Months Ended February 28, 2018								Nine Months Ended February 28, 2018
	Reported			Effect of Adoption of ASU 2017-07			As Adjusted		Reported			Effect of Adoption of ASU 2017-07			As Adjusted
Revenue	$	16,526		$	—		$	16,526	$	48,136		$	—		$	48,136
Operating Income		1,001			(143	)		858		3,380			(436	)		2,944
Other Income (Expense), net		(127	)		143			16		(385	)		436			51
Net Income		2,074			—			2,074		3,445			—			3,445