Valuation and Qualifying Accounts (Tables)

12 Months Ended

May 31, 2021

Valuation And Qualifying Accounts Tables Abstract

Schedule of Valuation and Qualifying Accounts

SCHEDULE II

FEDEX CORPORATION

VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED MAY 31, 2021, 2020 AND 2019

(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
2021	$	175	$	577	$	—		$	394	(a)	$	358
2020		121		442		—			388	(a)		175
2019		199		295		—			373	(a)		121
Allowance for Revenue Adjustments
2021	$	215	$	—	$	1,892	(b)	$	1,723	(c)	$	384
2020		179		—		1,286	(b)		1,250	(c)		215
2019		202		—		1,192	(b)		1,215	(c)		179
Inventory Valuation Allowance:
2021	$	335	$	38	$	—		$	24		$	349
2020		335		33		—			33			335
2019		268		28		75			36			335

^{(a) Uncollectible accounts written off, net of recoveries, and other adjustments.}

^(b) Principally charged against revenue.

^{(c) Service failures, rebills and other.}