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Valuation and Qualifying Accounts
12 Months Ended
May 31, 2020
Valuation And Qualifying Accounts [Abstract]  
Schedule Of Valuation And Qualifying Accounts

SCHEDULE II

FEDEX CORPORATION

VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED MAY 31, 2020, 2019 AND 2018

(IN MILLIONS)

 

 

 

 

 

 

 

ADDITIONS

 

 

 

 

 

 

 

 

 

DESCRIPTION

 

BALANCE

AT

BEGINNING

OF YEAR

 

 

CHARGED

TO

EXPENSES

 

 

CHARGED

TO

OTHER

ACCOUNTS

 

 

DEDUCTIONS

 

 

BALANCE

AT

END OF

YEAR

 

Accounts Receivable Reserves:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Doubtful Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

$

121

 

 

$

442

 

 

$

 

 

$

388

 

(a)

 

175

 

2019

 

 

199

 

 

 

295

 

 

 

 

 

 

373

 

(a)

 

121

 

2018

 

 

115

 

 

 

246

 

 

 

 

 

 

162

 

(a)

 

199

 

Allowance for Revenue Adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

$

179

 

 

$

 

 

$

1,286

 

(b)

$

1,250

 

(c)

$

215

 

2019

 

 

202

 

 

 

 

 

 

1,192

 

(b)

 

1,215

 

(c)

 

179

 

2018

 

 

137

 

 

 

 

 

 

1,173

 

(b)

 

1,108

 

(c)

 

202

 

Inventory Valuation Allowance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

$

335

 

 

$

33

 

 

$

 

 

$

33

 

 

$

335

 

2019

 

 

268

 

 

 

28

 

 

 

75

 

 

 

36

 

 

 

335

 

2018

 

 

237

 

 

 

27

 

 

 

6

 

 

 

2

 

 

 

268

 

(a)

Uncollectible accounts written off, net of recoveries, and other adjustments.

(b)

Principally charged against revenue.

(c)

Service failures, rebills and other.