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Retirement Plans

3 Months Ended

Aug. 31, 2013

(3) Retirement Plans

We sponsor or participate in programs that provide retirement benefits to most of our employees. These programs include defined benefit pension plans, defined contribution plans and postretirement healthcare plans. A majority of our employees are covered by the FedEx Corporation Employees' Pension Plan (“FedEx Plan”), a defined benefit pension plan sponsored by FedEx. Defined contribution plans covering a majority of U.S. employees and certain international employees are in place. We also sponsor or participate in nonqualified benefit plans covering certain of our U.S. employee groups and other pension plans covering certain of our international employees. For more information, refer to the financial statements of FedEx included in its Form 10-Q for the quarter ended August 31, 2013 and in our Annual Report.

Our retirement plans costs for the three-month periods ended August 31 were as follows (in millions):

	2013		2012
Pension plans sponsored by FedEx	$	67	$	108
Other U.S. domestic and international pension plans		13		11
U.S. domestic and international defined contribution plans		58		58
U.S. domestic and international postretirement healthcare plans		15		15

	$	153	$	192

The components of the net periodic benefit cost of the pension and postretirement healthcare plans currently sponsored by us were individually immaterial for all periods presented. No material contributions were made during the first quarter of 2014 or 2013 to pension plans sponsored by us, and we do not expect to make material contributions in 2014.