$FDX
FEDEX CORP Stock $fdx

$fdx Overview Financials Valuation SEC Filings Company Website

2010 Q2 Form 10-K Financial Statement

#000095012311065246 Filed on July 12, 2011

Income Statement

Concept	2010 Q2	2010 Q1	2009 Q4
Revenue	$9.428B	$8.701B	$8.596B
YoY Change	20.07%	6.93%	-9.88%
Cost Of Revenue	$2.185B	$2.030B	$1.899B
YoY Change	40.42%	19.69%	-16.97%
Gross Profit	$7.243B	$6.671B	$6.697B
YoY Change	15.04%	3.57%	-7.64%
Gross Profit Margin	76.82%	76.67%	77.91%
Selling, General & Admin	$4.772B	$4.546B	$4.427B
YoY Change	12.36%	1.65%	-4.51%
% of Gross Profit	65.88%	68.15%	66.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$488.0M	$488.0M	$487.0M
YoY Change	-1.61%	-1.61%	-0.81%
% of Gross Profit	6.74%	7.32%	7.27%
Operating Expenses	$6.529B	$6.255B	$6.126B
YoY Change	9.9%	-0.06%	-5.27%
Operating Profit	$696.0M	$416.0M	$571.0M
YoY Change	96.06%	128.57%	-27.17%
Interest Expense	-$19.00M	-$19.00M	-$15.00M
YoY Change	-9.52%	0.0%	50.0%
% of Operating Profit	-2.73%	-4.57%	-2.63%
Other Income/Expense, Net	-$5.000M	-$35.00M	-$24.00M
YoY Change	25.0%	52.17%
Pretax Income	$672.0M	$381.0M	$547.0M
YoY Change	-176.89%	139.62%	-29.33%
Income Tax	$253.0M	$142.0M	$202.0M
% Of Pretax Income	37.65%	37.27%	36.93%
Net Earnings	$419.0M	$239.0M	$345.0M
YoY Change	-147.83%	146.39%	-30.02%
Net Earnings / Revenue	4.44%	2.75%	4.01%
Basic Earnings Per Share	$1.34	$0.76	$1.10
Diluted Earnings Per Share	$1.33	$0.76	$1.10
COMMON SHARES
Basic Shares Outstanding		312.0M shares	312.0M shares
Diluted Shares Outstanding		315.0M shares	314.0M shares

Balance Sheet

Concept	2010 Q2	2010 Q1	2009 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.952B	$1.549B	$1.465B
YoY Change	-14.83%	-42.05%	-4.99%
Cash & Equivalents	$1.952B	$1.549B	$1.465B
Short-Term Investments
Other Short-Term Assets	$780.0M	$817.0M	$807.0M
YoY Change	-26.83%	0.86%	2.93%
Inventory	$389.0M	$380.0M	$391.0M
Prepaid Expenses
Receivables	$4.163B	$3.937B	$3.771B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$7.284B	$6.683B	$6.434B
YoY Change	2.36%	-9.36%	-5.85%
LONG-TERM ASSETS
Property, Plant & Equipment	$14.39B	$14.00B	$13.94B
YoY Change	7.21%	2.82%	2.4%
Goodwill	$2.200B	$2.229B
YoY Change	-1.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.033B	$4.190B	$1.986B
YoY Change	-11.78%	44.43%	-29.55%
Total Long-Term Assets	$17.62B	$18.19B	$18.16B
YoY Change	2.86%	-7.33%	-7.11%
TOTAL ASSETS
Total Short-Term Assets	$7.284B	$6.683B	$6.434B
Total Long-Term Assets	$17.62B	$18.19B	$18.16B
Total Assets	$24.90B	$24.88B	$24.59B
YoY Change	2.71%	-7.89%	-6.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.522B	$1.489B	$1.417B
YoY Change	10.93%	6.97%	-24.55%
Accrued Expenses	$1.715B	$1.641B	$2.662B
YoY Change	4.7%	-31.97%	4.15%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$262.0M	$283.0M	$40.00M
YoY Change	-59.88%	-74.01%	-96.33%
Total Short-Term Liabilities	$4.645B	$4.372B	$4.119B
YoY Change	2.67%	-10.65%	-25.42%
LONG-TERM LIABILITIES
Long-Term Debt	$1.668B	$1.668B	$1.918B
YoY Change	-13.58%	-13.03%	108.93%
Other Long-Term Liabilities	$151.0M	$150.0M	$3.161B
YoY Change	-7.93%	-95.2%	7.12%
Total Long-Term Liabilities	$151.0M	$4.456B	$5.079B
YoY Change	-96.37%	-11.59%	31.27%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.645B	$4.372B	$4.119B
Total Long-Term Liabilities	$151.0M	$4.456B	$5.079B
Total Liabilities	$4.796B	$8.828B	$10.43B
YoY Change	-44.8%	-22.93%	-4.37%
SHAREHOLDERS EQUITY
Retained Earnings	$13.97B	$13.55B
YoY Change	8.1%
Common Stock	$31.00M	$31.00M
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$7.000M	$3.000M
YoY Change	75.0%
Treasury Stock Shares
Shareholders Equity	$13.81B	$14.38B	$14.17B
YoY Change
Total Liabilities & Shareholders Equity	$24.90B	$24.88B	$24.59B
YoY Change	2.71%	-7.89%	-6.78%

Cashflow Statement

Concept	2010 Q2	2010 Q1	2009 Q4
OPERATING ACTIVITIES
Net Income	$419.0M	$239.0M	$345.0M
YoY Change	-147.83%	146.39%	-30.02%
Depreciation, Depletion And Amortization	$488.0M	$488.0M	$487.0M
YoY Change	-1.61%	-1.61%	-0.81%
Cash From Operating Activities	$1.230B	$551.0M	$459.0M
YoY Change	131.2%	-28.07%	-39.37%
INVESTING ACTIVITIES
Capital Expenditures	-$835.0M	-$432.0M	-$669.0M
YoY Change	76.91%	-28.0%	-10.92%
Acquisitions
YoY Change
Other Investing Activities	$4.000M	-$2.000M	$7.000M
YoY Change	-90.24%	-140.0%	-53.33%
Cash From Investing Activities	-$831.0M	-$434.0M	-$662.0M
YoY Change	92.81%	-27.06%	-10.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	14.00M	-25.00M	-131.0M
YoY Change	-102.8%	-102.6%	336.67%
NET CHANGE
Cash From Operating Activities	1.230B	551.0M	459.0M
Cash From Investing Activities	-831.0M	-434.0M	-662.0M
Cash From Financing Activities	14.00M	-25.00M	-131.0M
Net Change In Cash	413.0M	92.00M	-334.0M
YoY Change	-203.51%	-91.87%	3611.11%
FREE CASH FLOW
Cash From Operating Activities	$1.230B	$551.0M	$459.0M
Capital Expenditures	-$835.0M	-$432.0M	-$669.0M
Free Cash Flow	$2.065B	$983.0M	$1.128B
YoY Change	105.68%	-28.04%	-25.2%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2011	dei	Entity Central Index Key EntityCentralIndexKey	0001048911
CY2011	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--05-31
CY2011	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2011	dei	Entity Voluntary Filers EntityVoluntaryFilers	Yes
CY2011	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2011	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2011	dei	Document Type DocumentType	10-K
CY2011	dei	Document Period End Date DocumentPeriodEndDate	2011-05-31
CY2011	dei	Amendment Flag AmendmentFlag	false
CY2011	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2011	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2011
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CY2010	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	3000000	USD
CY2010	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	137000000	USD
CY2010	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	208000000	USD
CY2011	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease	125000000	USD
CY2011	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease	-235000000	USD
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CY2011	us-gaap	Treasury Stock Value Acquired Par Value Method TreasuryStockValueAcquiredParValueMethod	5000000	USD
CY2011	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	152000000	USD
CY2011	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	224000000	USD
CY2008	fdx	Effect On Equity Due To Change In Measurement Date Net Of Tax EffectOnEquityDueToChangeInMeasurementDateNetOfTax	325000000	USD
CY2008Q2	us-gaap	Stockholders Equity StockholdersEquity	14851000000	USD
CY2011	fdx	Description Of Business And Summary Of Significant Accounting Policies DescriptionOfBusinessAndSummaryOfSignificantAccountingPolicies	<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">NOTE 1: DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">DESCRIPTION OF BUSINESS.</font><font style="font-family:Times New Roman;font-size:11pt;"> FedEx Corporation (“FedEx”) provides a broad portfolio of transportation, e-commerce and business services through companies com</font><font style="font-family:Times New Roman;font-size:11pt;">peting collectively, operating independently and managed collaboratively, under the respected FedEx brand. </font><font style="font-family:Times New Roman;font-size:11pt;">Our primary operating companies </font><font style="font-family:Times New Roman;font-size:11pt;">are</font><font style="font-family:Times New Roman;font-size:11pt;"> Federal Express Corporation (“FedEx Express”), the world's largest express transportation company; FedEx Ground Package System, Inc. (“FedEx Ground”), a leading provider of small-package ground delivery services; </font><font style="font-family:Times New Roman;font-size:11pt;">and FedEx Freight, Inc. (“FedEx Freight”), a leading U.S. p</font><font style="font-family:Times New Roman;font-size:11pt;">rovider of </font><font style="font-family:Times New Roman;font-size:11pt;">less-than-truckload (“</font><font style="font-family:Times New Roman;font-size:11pt;">LTL</font><font style="font-family:Times New Roman;font-size:11pt;">”)</font><font style="font-family:Times New Roman;font-size:11pt;"> freight services</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">These companies represent our major service lines and, along with FedEx Corporate Services, Inc. (“FedEx Services”), form the core of our reportable segments. Our FedEx Services segment provides sales, marketing and information technology support to our transportation segments. In addition, the FedEx Services segment provides customers with retail access to FedEx Express and FedEx Ground shipping services through FedEx Office and Print Services, Inc. (“FedEx Office”) and provides customer service, technical support and billing and collection services through FedEx TechConnect, Inc. (“FedEx </font><font style="font-family:Times New Roman;font-size:11pt;">TechConnect”).</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">FISCAL YEARS</font><font style="font-family:Times New Roman;font-size:11pt;">. Except as otherwise specified, references to years indicate our </font><font style="font-family:Times New Roman;font-size:11pt;">fiscal year ended</font><font style="font-family:Times New Roman;font-size:11pt;"> May 31, </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;"> or ended May 31 of the year referenced.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">PRINCIPLES OF CONSOLIDATION</font><font style="font-family:Times New Roman;font-size:11pt;">. The consolidated financial statements include the accounts of FedEx and its subsidiaries, substantially all of which are wholly owned. All significant intercompany accounts and transactions have been eliminated in consolidation.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">REVENUE RECOGNITION</font><font style="font-family:Times New Roman;font-size:11pt;">. </font><font style="font-family:Times New Roman;font-size:11pt;">We recognize revenue upon delivery of shipments for our transportation businesses and upon completion of services for our business services, logistics and trade services businesses. </font><font style="font-family:Times New Roman;font-size:11pt;">Certain of our transportation services are provided with the use of independent contractors. FedEx is the principal to the transaction in most instances and in those cases revenue from these transactions is recognized on a gross basis. Costs associated with independent contractor settlements are recognized as incurred and included in the caption “Purchased transportation” in the accompanying consolidated statements of income. For shipments in transit, revenue is recorded based on the percentage of service completed at the balance sheet date. Estimates for future billing adjustments to revenue and accounts receivable are recognized at the time of shipment for money-back service guarantees and billing corrections. Delivery costs are accrued as incurred. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Our contract logistics, global trade services and certain transportation businesses</font><font style="font-family:Times New Roman;font-size:11pt;">, such as FedEx SmartPost,</font><font style="font-family:Times New Roman;font-size:11pt;"> engage in some transactions wherein they act as agents. Revenue from these transactions is recorded on a net basis. Net revenue includes billings to customers less third-party charges, including transportation or handling costs, fees, commissions, and taxes and duties</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Certain of our revenue-producing transactions are subject to taxes</font><font style="font-family:Times New Roman;font-size:11pt;">, such as sales tax,</font><font style="font-family:Times New Roman;font-size:11pt;"> assessed by governmental authorities. We present these revenues net of tax.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">CREDIT RISK.</font><font style="font-family:Times New Roman;font-size:11pt;"> We routinely grant credit to many of our customers for transportation and business services without collateral. The risk of credit loss in our trade receivables is substantially mitigated by our credit evaluation process, short collection terms and sales to a large number of customers, as well as the low revenue per transaction for most of our services. Allowances for potential credit losses are determined based on historical experience and </font><font style="font-family:Times New Roman;font-size:11pt;">the impact of </font><font style="font-family:Times New Roman;font-size:11pt;">current </font><font style="font-family:Times New Roman;font-size:11pt;">economic factors on </font><font style="font-family:Times New Roman;font-size:11pt;">the composition of accounts receivable. Historically, credit losses have been within management's expectations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">ADVERTISING.</font><font style="font-family:Times New Roman;font-size:11pt;"> Advertising and promotion costs are </font><font style="font-family:Times New Roman;font-size:11pt;">expensed as incurred and are classified in other operating expenses. Advertising and promotion expenses were $</font><font style="font-family:Times New Roman;font-size:11pt;">375 </font><font style="font-family:Times New Roman;font-size:11pt;">million in </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;">, $</font><font style="font-family:Times New Roman;font-size:11pt;">374</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2010</font><font style="font-family:Times New Roman;font-size:11pt;"> and $</font><font style="font-family:Times New Roman;font-size:11pt;">379</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2009</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">CASH EQUIVALENTS.</font><font style="font-family:Times New Roman;font-size:11pt;"> Cash in excess of current operating requirements is invested in short-term, interest-bearing instruments with maturities of three months or less at the date of purchase and is stated at cost, which approximates market value.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">SPARE PARTS, SUPPLIES AND FUEL. </font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">Spare parts (principally aircraft</font><font style="font-family:Times New Roman;font-size:11pt;">-</font><font style="font-family:Times New Roman;font-size:11pt;">related) are reported at weighted-average cost. </font><font style="font-family:Times New Roman;font-size:11pt;">Allowances for obsolescence are provided for spare parts expected to be on hand at the date the aircraft are retired from service. These allowances are provided over the estimated useful life of the related aircraft and engines. Additionally, allowances for obsolescence are provided for spare parts currently identified as excess or obsolete. These allowances are based on management estimates, which are subject to </font><font style="font-family:Times New Roman;font-size:11pt;">change. </font><font style="font-family:Times New Roman;font-size:11pt;">Suppl</font><font style="font-family:Times New Roman;font-size:11pt;">ies and fuel are reported at weighted average cost</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">PROPERTY AND EQUIPMENT</font><font style="font-family:Times New Roman;font-size:11pt;">. Expenditures for major additions, improvements, flight equipment modifications and certain equipment overhaul costs are capitalized when such costs are determined to extend the useful life of the asset or are part of the cost of acquiring the asset. Maintenance and repairs are </font><font style="font-family:Times New Roman;font-size:11pt;">charged to expense as incurred. </font><font style="font-family:Times New Roman;font-size:11pt;">We capitalize certain direct internal and external costs associated with the development of internal-use software. Gains and losses on sales of property used in operations are classified within operating expenses.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">For financial reporting purposes, we record depreciation and amortization of property and equipment on a straight-line basis over the asset's service life or related lease term, if shorter. For income tax purposes, depreciation is computed using accelerated methods when applicable. The depreciable lives and net book value of our property and equipment are as follows (dollars in millions):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 381px; text-align:left;border-color:#000000;min-width:381px;"> </td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 183px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:183px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Net Book Value at May 31,</font></td></tr><tr style="height: 20px"><td style="width: 381px; text-align:left;border-color:#000000;min-width:381px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Range</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 20px"><td style="width: 381px; text-align:left;border-color:#000000;min-width:381px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Wide-body aircraft and related equipment</font></td><td style="width: 90px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">15 to 30 years</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,536</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,897</font></td></tr><tr style="height: 20px"><td style="width: 381px; text-align:left;border-color:#000000;min-width:381px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Narrow-body and feeder aircraft and related equipment</font></td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">5 to 18 years</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,517</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,049</font></td></tr><tr style="height: 20px"><td style="width: 381px; text-align:left;border-color:#000000;min-width:381px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Package handling and ground support equipment</font></td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">3 to 30 years</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,985</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,895</font></td></tr><tr style="height: 20px"><td style="width: 381px; text-align:left;border-color:#000000;min-width:381px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Vehicles</font></td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">3 to 15 years</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,076</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,095</font></td></tr><tr style="height: 20px"><td style="width: 381px; text-align:left;border-color:#000000;min-width:381px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Computer and electronic equipment</font></td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">2 to 10 years</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 776</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 649</font></td></tr><tr style="height: 20px"><td style="width: 381px; text-align:left;border-color:#000000;min-width:381px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Facilities and other</font></td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">2 to 40 years</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,653</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,800</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Substantially all property </font><font style="font-family:Times New Roman;font-size:11pt;">and equipment have no material residual values. The majority of aircraft costs are depreciated on a straight-line basis o</font><font style="font-family:Times New Roman;font-size:11pt;">ver 15 to 18 years. We periodically</font><font style="font-family:Times New Roman;font-size:11pt;"> evaluate the estimated service lives and residual values used to depreciate our property and equipment. This evaluation may result in changes in the esti</font><font style="font-family:Times New Roman;font-size:11pt;">mated lives and residual values. Such changes did not materially affect depreciation expense in any period presented. Depreciation expense, excluding gains and losses on sales of property and equipment used in operations, </font><font style="font-family:Times New Roman;font-size:11pt;">was $</font><font style="font-family:Times New Roman;font-size:11pt;">1.9</font><font style="font-family:Times New Roman;font-size:11pt;"> billion in</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;">and</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">2010</font><font style="font-family:Times New Roman;font-size:11pt;">, </font><font style="font-family:Times New Roman;font-size:11pt;">and $1.</font><font style="font-family:Times New Roman;font-size:11pt;">8</font><font style="font-family:Times New Roman;font-size:11pt;"> billion in </font><font style="font-family:Times New Roman;font-size:11pt;">2009</font><font style="font-family:Times New Roman;font-size:11pt;">. Depreciation and amortization expense includes amortization of assets under capital lease.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">CAPITALIZED INTEREST</font><font style="font-family:Times New Roman;font-size:11pt;">. Interest on funds used to finance the acquisition and modification of aircraft, including purchase deposits, construction of certain facilities, and development of certain software up to the date the asset is ready for its intended use is capitalized and included in the cost of the asset if the asset is actively under construction. </font><font style="font-family:Times New Roman;font-size:11pt;">Capitalized interest was $</font><font style="font-family:Times New Roman;font-size:11pt;">71</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;">, $</font><font style="font-family:Times New Roman;font-size:11pt;">80</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2010</font><font style="font-family:Times New Roman;font-size:11pt;"> and $</font><font style="font-family:Times New Roman;font-size:11pt;">71</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2009</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">IMPAIRMENT OF LONG-LIVED ASSETS. </font><font style="font-family:Times New Roman;font-size:11pt;">Lo</font><font style="font-family:Times New Roman;font-size:11pt;">ng-lived assets are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are to be held and used, an impairment is recognized when the estimated undiscounted cash flows associated with </font><font style="font-family:Times New Roman;font-size:11pt;">the asset or group of assets is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and fair value. Fair values are determined based on quoted market values, discounted cash flows or internal and external appraisals, as applicable. Assets to be disposed of are carried at the lower of carrying value or estimated net realizable value. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">We operate integrated transportation networks, and accordingly, cash flows for most of our operating assets are assessed at a network level, not at an individual asset level, for our analysis of impairment. </font><font style="font-family:Times New Roman;font-size:11pt;">In 2011, we incurred </font><font style="font-family:Times New Roman;font-size:11pt;">asset </font><font style="font-family:Times New Roman;font-size:11pt;">impairment charges of $</font><font style="font-family:Times New Roman;font-size:11pt;">29</font><font style="font-family:Times New Roman;font-size:11pt;"> million related to the combination of our LTL operations at FedEx Freight </font><font style="font-family:Times New Roman;font-size:11pt;">(see “FedEx Freight Network Combination” below for additional information).</font><font style="font-family:Times New Roman;font-size:12pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">There were no material property and equipment impairment charges recognized in 2010. During 2009, we recorded $202 million in property and equipment impairment charges. These charges were primarily related to our decision to permanently remove from service certain aircraft, along with certain excess aircraft engines, at FedEx Express.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">GOODWILL. Goodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. Several factors give rise to goodwill in our acquisitions, such as the expected benefit from synergies of the combination and the existing workforce of the acquired entity. Goodwill is reviewed at least annually for impairment by comparing the fair value of each reporting unit with its carrying value (including attributable goodwill). Fair value for our reporting units is determined using an income or market approach incorporating market participant considerations and management's assumptions on revenue growth rates, operating margins, discount rates and expected capital expenditures. Fair value determinations may include both internal and third-party valuations. Unless circumstances otherwise dictate, we perform our annual impairment testing in the fourth quarter. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">INTANGIBLE ASSETS. Intangible assets include customer relationships, technology assets and contract-based intangibles acquired in business combinations. Intangible assets are amortized over periods ranging from 3 to 12 years, either on a straight-line basis or an accelerated basis depending upon the pattern in which the economic benefits are realized.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">PENSION AND POSTRETIREMENT HEALTHCARE PLANS. Our defined benefit plans are measured using actuarial techniques that reflect management's assumptions for discount rate, expected long-term investment returns on plan assets, salary increases, expected retirement, mortality, employee turnover and future increases in healthcare costs. We determine the discount rate (which is required to be the rate at which the projected benefit obligation could be effectively settled as of the measurement date) with the assistance of actuaries, who calculate the yield on a theoretical portfolio of high-grade corporate bonds (rated Aa or better) with cash flows that are designed to match our expected benefit payments in future years. A calculated-value method is employed for purposes of determining the expected return on the plan asset component of net periodic pension cost for our tax-qualified U.S. domestic pension plans (“U.S. Pension Plans”). </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">The accounting guidance related to employers' accounting for defined benefit pension and other postretirement plans requires recognition in the balance sheet of the funded status of defined benefit pension and other postretirement benefit plans, and the recognition in other comprehensive income (“OCI”) of unrecognized gains or losses and prior service costs or credits. Additionally, the guidance requires the measurement date for plan assets and liabilities to coincide with the plan sponsor's year end. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">At May 31, 2011, we recorded a decrease to equity through OCI of $350 million (net of tax) based primarily on year-end adjustments related to increases in our projected benefit obligation due to a decrease in the discount rate used to measure the liability at May 31, 2011. At May 31, 2010, we recorded a decrease to equity through OCI of $1.0 billion (net of tax) based primarily on year-end adjustments related to increases in our projected benefit obligation due to a decrease in the discount rate used to measure the liability at May 31, 2010.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">INCOME TAXES. Deferred income taxes are provided for the tax effect of temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The liability method is used to account for income taxes, which requires deferred taxes to be recorded at the statutory rate expected to be in effect when the taxes are paid.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">We recognize liabilities for uncertain income tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires us to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts, as we must determine the probability of various possible outcomes. We reevaluate these uncertain tax positions on a quarterly basis or when new information becomes available to management. These reevaluations are based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, successfully settled issues under audit</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> and new audit activity. Such a change in recognition or measurement could result in the recognition of a tax benefit or an increase to the related provision.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">We classify interest related to income tax liabilities as interest expense, and if applicable, penalties are recognized as a component of income tax expense. The income tax liabilities and accrued interest and penalties that are due within one year of the balance sheet date are presented as current liabilities. The remaining portion of our income tax liabilities and accrued interest and penalties are presented as noncurrent liabilities because payment of cash is not anticipated within one year of the balance sheet date. These noncurrent income tax liabilities are recorded in the caption “Other liabilities” in </font><font style="font-family:Times New Roman;font-size:11pt;">the accompanying</font><font style="font-family:Times New Roman;font-size:11pt;"> consolidated balance sheets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">SELF-INSURANCE ACCRUALS. We are self-insured for workers' compensation claims, vehicle accidents and general liabilities, benefits paid under employee healthcare programs and long-term disability benefits. Accruals are primarily based on the actuarially estimated, undiscounted cost of claims, which includes incurred-but-not-reported claims. Current workers' compensation claims, vehicle and general liability, employee healthcare claims and long-term disability are included in accrued expenses. We self-insure up to certain limits that vary by operating company and type of risk. Periodically, we evaluate the level of insurance coverage and adjust insurance levels based on risk tolerance and premium expense.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">LEASES. We lease certain aircraft, facilities, equipment and vehicles under capital and operating leases. The commencement date of all leases is the earlier of the date we become legally obligated to make rent payments or the date we may exercise control over the use of the property. In addition to minimum rental payments, certain leases provide for contingent rentals based on equipment usage principally related to aircraft leases at FedEx Express and copier usage at FedEx Office. Rent expense associated with contingent rentals is recorded as incurred. Certain of our leases contain fluctuating or escalating payments and rent holiday periods. The related rent expense is recorded on a straight-line basis over the lease term. The cumulative excess of rent payments over rent expense is accounted for as a deferred lease asset and recorded in “Other assets” in the accompanying consolidated balance sheets. The cumulative excess of rent expense over rent payments is accounted for as a deferred lease obligation. Leasehold improvements associated with assets utilized under capital or operating leases are amortized over the shorter of the asset's useful life or the lease term.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">DEFERRED GAINS. Gains on the sale and leaseback of aircraft and other property and equipment are deferred and amortized ratably over the life of the lease as a reduction of rent expense. Substantially all of these deferred gains are related to aircraft transactions.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">FOREIGN CURRENCY TRANSLATION. Translation gains and losses of foreign operations that use local currencies as the functional currency are accumulated and reported, net of applicable deferred income taxes, as a component of accumulated other comprehensive income within common stockholders' investment. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the local currency are included in the caption “Other, net” in the accompanying consolidated statements of income and were immaterial for each period presented. Cumulative net foreign currency translation gains in accumulated other comprehensive income were $156 million at May 31, 2011, $30 million at May 31, 2010 and $56 million at May 31, 2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">EMPLOYEES UNDER COLLECTIVE BARGAINING ARRANGEMENTS. The pilots of Federal Express Corporation (“FedEx Express”), which represent a small number of FedEx Express</font><font style="font-family:Times New Roman;font-size:11pt;">'s</font><font style="font-family:Times New Roman;font-size:11pt;"> total employees, are employed under a collective bargaining agreement. During the fourth quarter of 2011, the pilots ratified a new labor contract that includes safety initiatives, increases in hourly pay rates and travel per diem rates, and provisions for opening a European crew base. The new contract is scheduled to become amendable in March 2013 unless the union exercises its option to shorten the contract, in which case the agreement would be amendable in March 2012 and a portion of the hourly pay increases would be canceled. In addition to our pilots at FedEx Express, certain of FedEx Express's non-U.S. employees are unionized.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">STOCK-BASED COMPENSATION. We recognize compensation expense for stock-based awards under the provisions of the accounting guidance related to share-based payments. This guidance requires recognition of compensation expense for stock-based awards using a fair value method.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">DIVIDENDS DECLARED PER COMMON SHARE. On June 6, 2011, our Board of Directors declared a quarterly dividend of $0.13 per share of common stock. The dividend was paid on July 1, 2011 to stockholders of record as of the close of business on June 17, 2011. Each quarterly dividend payment is subject to review and approval by our Board of Directors, and we evaluate our dividend payment amount on an annual basis at the end of each fiscal year.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">FEDEX FREIGHT NETWORK COMBINATION. The previously announced combination of our FedEx Freight and FedEx National LTL operations was completed on January 30, 2011. Our combined LTL network will increase efficiencies, reduce operational costs and provide customers both Priority and Economy LTL freight services across all lengths of haul from one integrated company. These actions resulted in the following incremental costs, </font><font style="font-family:Times New Roman;font-size:11pt;">including </font><font style="font-family:Times New Roman;font-size:11pt;">an impairment charge </font><font style="font-family:Times New Roman;font-size:11pt;">recorded </font><font style="font-family:Times New Roman;font-size:11pt;">during 2011. Charges for the year ended May 31, 2011 </font><font style="font-family:Times New Roman;font-size:11pt;">include the following </font><font style="font-family:Times New Roman;font-size:11pt;">(in millions):</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> </td><td colspan="2" style="width: 57px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td></tr><tr style="height: 20px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Severance</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 42px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:42px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">40</font></td></tr><tr style="height: 20px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Lease terminations</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 42px; text-align:right;border-color:#000000;min-width:42px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">20</font></td></tr><tr style="height: 20px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Asset impairments</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 42px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:42px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">29</font></td></tr><tr style="height: 20px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Impairment and other charges</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 42px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:42px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">89</font></td></tr><tr style="height: 20px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 42px; text-align:right;border-color:#000000;min-width:42px;"> </td></tr><tr style="height: 20px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Other program costs</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 42px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:42px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">44</font></td></tr><tr style="height: 21px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Total program costs</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 42px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:42px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">133</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">Other program costs </font><font style="font-family:Times New Roman;font-size:11pt;">include </font><font style="font-family:Times New Roman;font-size:11pt;">$15</font><font style="font-family:Times New Roman;font-size:11pt;"> million of accelerated</font><font style="font-family:Times New Roman;font-size:11pt;"> depreciation expense due to a change in the estimated useful life of certain assets impacted by the combination of these oper</font><font style="font-family:Times New Roman;font-size:11pt;">ations and other incremental costs directly associated with the program</font><font style="font-family:Times New Roman;font-size:11pt;">. Substantially all of the severance accruals were paid during the fourth quarter of 2011 and the remaining severance accruals will be paid during the first quarter of 2012.  We have received $88 million related to asset sales, which offset the total cash outlays for the program.  The estimates recorded at May 31, 2011 are not subject to any material risk of change.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">USE OF ESTIMATES</font><font style="font-family:Times New Roman;font-size:11pt;">. The preparation of our consolidated financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses and the disclosure of contingent liabilities. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include: self-insurance accruals; retirement plan obligations; long-term incentive accruals; tax liabilities; accounts receivable allowances; obsolescence of spare parts; contingent liabilities; loss contingencies, such as litigation and other claims; and impairment assessments on long-lived assets (including goodwill).</font></p>
CY2011	us-gaap	Nature Of Operations NatureOfOperations	<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">DESCRIPTION OF BUSINESS.</font><font style="font-family:Times New Roman;font-size:11pt;"> FedEx Corporation (“FedEx”) provides a broad portfolio of transportation, e-commerce and business services through companies com</font><font style="font-family:Times New Roman;font-size:11pt;">peting collectively, operating independently and managed collaboratively, under the respected FedEx brand. </font><font style="font-family:Times New Roman;font-size:11pt;">Our primary operating companies </font><font style="font-family:Times New Roman;font-size:11pt;">are</font><font style="font-family:Times New Roman;font-size:11pt;"> Federal Express Corporation (“FedEx Express”), the world's largest express transportation company; FedEx Ground Package System, Inc. (“FedEx Ground”), a leading provider of small-package ground delivery services; </font><font style="font-family:Times New Roman;font-size:11pt;">and FedEx Freight, Inc. (“FedEx Freight”), a leading U.S. p</font><font style="font-family:Times New Roman;font-size:11pt;">rovider of </font><font style="font-family:Times New Roman;font-size:11pt;">less-than-truckload (“</font><font style="font-family:Times New Roman;font-size:11pt;">LTL</font><font style="font-family:Times New Roman;font-size:11pt;">”)</font><font style="font-family:Times New Roman;font-size:11pt;"> freight services</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">These companies represent our major service lines and, along with FedEx Corporate Services, Inc. (“FedEx Services”), form the core of our reportable segments. Our FedEx Services segment provides sales, marketing and information technology support to our transportation segments. In addition, the FedEx Services segment provides customers with retail access to FedEx Express and FedEx Ground shipping services through FedEx Office and Print Services, Inc. (“FedEx Office”) and provides customer service, technical support and billing and collection services through FedEx TechConnect, Inc. (“FedEx </font><font style="font-family:Times New Roman;font-size:11pt;">TechConnect”).</font></p>
CY2011	us-gaap	Advertising Cost Policy Expensed Advertising Cost AdvertisingCostPolicyExpensedAdvertisingCost	ADVERTISING. Advertising and promotion costs are expensed as incurred and are classified in other operating expenses. Advertising and promotion expenses were $375 million in 2011, $374 million in 2010 and $379 million in 2009.
CY2011	us-gaap	Fiscal Period FiscalPeriod	FISCAL YEARS. Except as otherwise specified, references to years indicate our fiscal year ended May 31, 2011 or ended May 31 of the year referenced.
CY2011	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	375000000	USD
CY2010	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	374000000	USD
CY2009	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	379000000	USD
CY2011	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	71000000	USD
CY2010	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	80000000	USD
CY2009	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	71000000	USD
CY2011Q2	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	156000000	USD
CY2010Q2	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	30000000	USD
CY2009Q2	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	56000000	USD
CY2011	us-gaap	Depreciation Depreciation	1900000000	USD
CY2010	us-gaap	Depreciation Depreciation	1900000000	USD
CY2009	us-gaap	Depreciation Depreciation	1800000000	USD
CY2011	fdx	Depreciable Life Range For Majority Of Aircraft Costs DepreciableLifeRangeForMajorityOfAircraftCosts	15 to 18 years
CY2011Q2	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.13	USD
CY2010	fdx	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Year End OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxYearEnd	1000000000	USD
CY2011	fdx	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Year End OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxYearEnd	350000000	USD
CY2011	fdx	Intangible Assets Amortization Periods IntangibleAssetsAmortizationPeriods	3 to 12 years
CY2011	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	29000000	USD
CY2009	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	202000000	USD
CY2010	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	18000000	USD
CY2011	us-gaap	Goodwill Translation And Purchase Accounting Adjustments GoodwillTranslationAndPurchaseAccountingAdjustments	37000000	USD
CY2011	us-gaap	Dividends Payable Nature DividendsPayableNature	DIVIDENDS DECLARED PER COMMON SHARE. On June 6, 2011, our Board of Directors declared a quarterly dividend of $0.13 per share of common stock. The dividend was paid on July 1, 2011 to stockholders of record as of the close of business on June 17, 2011. Each quarterly dividend payment is subject to review and approval by our Board of Directors, and we evaluate our dividend payment amount on an annual basis at the end of each fiscal year.
CY2010	us-gaap	Goodwill Translation And Purchase Accounting Adjustments GoodwillTranslationAndPurchaseAccountingAdjustments	-11000000	USD
CY2011Q2	fdx	Accumulated Impairment Charges AccumulatedImpairmentCharges	1310000000	USD
CY2011	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	89000000	USD
CY2009Q2	fdx	Gross Goodwill GrossGoodwill	3521000000	USD
CY2011	us-gaap	Use Of Estimates UseOfEstimates	USE OF ESTIMATES. The preparation of our consolidated financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses and the disclosure of contingent liabilities. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include: self-insurance accruals; retirement plan obligations; long-term incentive accruals; tax liabilities; accounts receivable allowances; obsolescence of spare parts; contingent liabilities; loss contingencies, such as litigation and other claims; and impairment assessments on long-lived assets (including goodwill).
CY2011	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Description NewAccountingPronouncementOrChangeInAccountingPrincipleDescription	NOTE 2: RECENT ACCOUNTING GUIDANCE New accounting rules and disclosure requirements can significantly impact our reported results and the comparability of our financial statements. We believe the following new accounting guidance is relevant to the readers of our financial statements. On June 1, 2008, we adopted the authoritative guidance issued by the Financial Accounting Standards Board (“FASB”) on fair value measurements, which provides a common definition of fair value, establishes a uniform framework for measuring fair value and requires expanded disclosures about fair value measurements. On June 1, 2009, we implemented the previously deferred provisions of this guidance for nonfinancial assets and liabilities recorded at fair value, as required. The adoption of this new guidance had no impact on our financial statements. On June 1, 2009, we adopted the authoritative guidance issued by FASB on employers’ disclosures about postretirement benefit plan assets. This guidance provides objectives that an employer should consider when providing detailed disclosures about assets of a defined benefit pension or other postretirement plan, including disclosures about investment policies and strategies, categories of plan assets, significant concentrations of risk and the inputs and valuation techniques used to measure the fair value of plan assets. See Note 12 for related disclosures. On June 1, 2009, we adopted the authoritative guidance issued by FASB related to interim disclosures about the fair value of financial instruments. This guidance requires disclosures about the fair value of financial instruments for interim reporting periods in addition to annual reporting periods. In June 2011, the FASB issued new guidance to make the presentation of items within OCI more prominent. The new standard will require companies to present items of net income, items of OCI and total comprehensive income in one continuous statement or two separate consecutive statements, and companies will no longer be allowed to present items of OCI in the statement of stockholders’ equity. Reclassification adjustments between OCI and net income will be presented separately on the face of the financial statements. This new standard is effective for our fiscal year ending May 31, 2013. We believe there is no additional new accounting guidance adopted but not yet effective that is relevant to the readers of our financial statements. However, there are numerous new proposals under development which, if and when enacted, may have a significant impact on our financial reporting.
CY2011Q2	us-gaap	Business Acquisition Cost Of Acquired Entity Purchase Price BusinessAcquisitionCostOfAcquiredEntityPurchasePrice	96000000	USD
CY2011Q2	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	468000000	USD
CY2009Q2	fdx	Accumulated Impairment Charges AccumulatedImpairmentCharges	1292000000	USD
CY2009Q2	fdx	Net Goodwill NetGoodwill	2229000000	USD
CY2009Q2	us-gaap	Goodwill Goodwill	2229000000	USD
CY2011	us-gaap	Finite Lived Intangible Assets Amortization Expense FiniteLivedIntangibleAssetsAmortizationExpense	32000000	USD
CY2010	us-gaap	Finite Lived Intangible Assets Amortization Expense FiniteLivedIntangibleAssetsAmortizationExpense	51000000	USD
CY2009	us-gaap	Finite Lived Intangible Assets Amortization Expense FiniteLivedIntangibleAssetsAmortizationExpense	73000000	USD
CY2011Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	38000000	USD
CY2010Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	69000000	USD
CY2011	fdx	Finite Lived Intangible Assets Future Amortization FiniteLivedIntangibleAssetsFutureAmortization	immaterial
CY2011Q2	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	256000000	USD
CY2010Q2	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	230000000	USD
CY2010Q2	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	386000000	USD
CY2011Q2	us-gaap	Accrued Vacation Current AccruedVacationCurrent	544000000	USD
CY2010Q2	us-gaap	Accrued Vacation Current AccruedVacationCurrent	530000000	USD
CY2011Q2	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	696000000	USD
CY2010Q2	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	675000000	USD
CY2011Q2	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	357000000	USD
CY2010Q2	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	347000000	USD
CY2011Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	841000000	USD
CY2010Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	693000000	USD
CY2011Q2	us-gaap	Long Term Debt LongTermDebt	1539000000	USD
CY2010Q2	us-gaap	Long Term Debt LongTermDebt	1789000000	USD
CY2011Q2	us-gaap	Capital Lease Obligations CapitalLeaseObligations	146000000	USD
CY2010Q2	us-gaap	Capital Lease Obligations CapitalLeaseObligations	141000000	USD
CY2011Q2	fdx	Total Debt And Capital Lease Obligations TotalDebtAndCapitalLeaseObligations	1685000000	USD
CY2010Q2	fdx	Total Debt And Capital Lease Obligations TotalDebtAndCapitalLeaseObligations	1930000000	USD
CY2011Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1000000000	USD
CY2011Q2	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	1000000000	USD
CY2011	fdx	Line Of Credit Facility Covenant Terms Leverage Ratio LineOfCreditFacilityCovenantTermsLeverageRatio	0.5
CY2010Q2	fdx	Capital Leases Lessee Balance Sheet Assets Package Handling And Ground Support Equipment CapitalLeasesLesseeBalanceSheetAssetsPackageHandlingAndGroundSupportEquipment	165000000	USD
CY2011Q2	fdx	Capital Leases Lessee Balance Sheet Assets Vehicles CapitalLeasesLesseeBalanceSheetAssetsVehicles	17000000	USD
CY2010Q2	fdx	Capital Leases Lessee Balance Sheet Assets Vehicles CapitalLeasesLesseeBalanceSheetAssetsVehicles	17000000	USD
CY2011Q2	us-gaap	Capital Leases Lessee Balance Sheet Assets By Major Class Other Property Plant And Equipment CapitalLeasesLesseeBalanceSheetAssetsByMajorClassOtherPropertyPlantAndEquipment	145000000	USD
CY2010Q2	us-gaap	Capital Leases Lessee Balance Sheet Assets By Major Class Other Property Plant And Equipment CapitalLeasesLesseeBalanceSheetAssetsByMajorClassOtherPropertyPlantAndEquipment	146000000	USD
CY2011Q2	us-gaap	Capital Leased Assets Gross CapitalLeasedAssetsGross	335000000	USD
CY2010Q2	us-gaap	Capital Leased Assets Gross CapitalLeasedAssetsGross	343000000	USD
CY2011Q2	fdx	Long Term Debt Exclusive Of Capital Leases Carrying Value LongTermDebtExclusiveOfCapitalLeasesCarryingValue	1500000000	USD
CY2010Q2	fdx	Long Term Debt Exclusive Of Capital Leases Carrying Value LongTermDebtExclusiveOfCapitalLeasesCarryingValue	1800000000	USD
CY2011Q2	fdx	Long Term Debt Exclusive Of Capital Leases Fair Value LongTermDebtExclusiveOfCapitalLeasesFairValue	1900000000	USD
CY2010Q2	fdx	Long Term Debt Exclusive Of Capital Leases Fair Value LongTermDebtExclusiveOfCapitalLeasesFairValue	2100000000	USD
CY2011Q2	fdx	Letters Of Credit Outstanding LettersOfCreditOutstanding	619000000	USD
CY2011Q2	fdx	Unused Portion Of Letter Of Credit Facility UnusedPortionOfLetterOfCreditFacility	93000000	USD
CY2011Q2	fdx	Letter Of Credit Maximum Facility LetterOfCreditMaximumFacility	500000000	USD
CY2011	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	12000000	USD
CY2010	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	153000000	USD
CY2011Q2	fdx	Surety Bonds Placed SuretyBondsPlaced	460000000	USD
CY2011Q2	fdx	Line Of Credit Facility Amount Replaced LineOfCreditFacilityAmountReplaced	1000000000	USD
CY2011Q2	fdx	Capital Leases Lessee Balance Sheet Assets Aircraft CapitalLeasesLesseeBalanceSheetAssetsAircraft	8000000	USD
CY2010Q2	fdx	Capital Leases Lessee Balance Sheet Assets Aircraft CapitalLeasesLesseeBalanceSheetAssetsAircraft	15000000	USD
CY2011Q2	fdx	Capital Leases Lessee Balance Sheet Assets Package Handling And Ground Support Equipment CapitalLeasesLesseeBalanceSheetAssetsPackageHandlingAndGroundSupportEquipment	165000000	USD
CY2011Q2	us-gaap	Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation	307000000	USD
CY2010Q2	us-gaap	Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation	312000000	USD
CY2011Q2	us-gaap	Capital Leases Balance Sheet Assets By Major Class Net CapitalLeasesBalanceSheetAssetsByMajorClassNet	28000000	USD
CY2010Q2	us-gaap	Capital Leases Balance Sheet Assets By Major Class Net CapitalLeasesBalanceSheetAssetsByMajorClassNet	31000000	USD
CY2011	us-gaap	Operating Leases Rent Expense Minimum Rentals OperatingLeasesRentExpenseMinimumRentals	2025000000	USD
CY2010	us-gaap	Operating Leases Rent Expense Minimum Rentals OperatingLeasesRentExpenseMinimumRentals	2001000000	USD
CY2009	us-gaap	Operating Leases Rent Expense Minimum Rentals OperatingLeasesRentExpenseMinimumRentals	2047000000	USD
CY2011	us-gaap	Operating Leases Rent Expense Contingent Rentals OperatingLeasesRentExpenseContingentRentals	193000000	USD
CY2010	us-gaap	Operating Leases Rent Expense Contingent Rentals OperatingLeasesRentExpenseContingentRentals	152000000	USD
CY2009	us-gaap	Operating Leases Rent Expense Contingent Rentals OperatingLeasesRentExpenseContingentRentals	181000000	USD
CY2011	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	2218000000	USD
CY2010	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	2153000000	USD
CY2009	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	2228000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Due In Four Years CapitalLeasesFutureMinimumPaymentsDueInFourYears	2000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Due In Five Years CapitalLeasesFutureMinimumPaymentsDueInFiveYears	2000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Due Thereafter CapitalLeasesFutureMinimumPaymentsDueThereafter	13000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	163000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Interest Included In Payments CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments	17000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments	146000000	USD
CY2011Q2	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	1794000000	USD
CY2011Q2	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1654000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Due Current CapitalLeasesFutureMinimumPaymentsDueCurrent	25000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	119000000	USD
CY2011Q2	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	2000000	USD
CY2011Q2	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1465000000	USD
CY2011Q2	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1354000000	USD
CY2011Q2	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	1192000000	USD
CY2011Q2	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	6533000000	USD
CY2011Q2	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	13992000000	USD
CY2011Q2	fdx	Percentage Total Aircraft Fleet Leased PercentageTotalAircraftFleetLeased	0.11
CY2010Q2	fdx	Percentage Total Aircraft Fleet Leased PercentageTotalAircraftFleetLeased	0.12
CY2011Q2	fdx	Weighted Average Remaining Lease Term Operating WeightedAverageRemainingLeaseTermOperating	6 years
CY2011Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2011Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0	USD
CY2011Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2009	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	99000000	USD
CY2010	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	101000000	USD
CY2011	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	98000000	USD
CY2010Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	490000000	USD
CY2011Q2	fdx	Deferred Tax Assets Operating Loss Credit Carryforwards DeferredTaxAssetsOperatingLossCreditCarryforwards	172000000	USD
CY2011Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	393000000	USD
CY2011	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingAggregateIntrinsicValue	135000000	USD
CY2010Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	20238056	shares
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	2474603	shares
CY2010	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0324
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed	Black-Scholes
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	80000000	USD
CY2010	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	77000000	USD
CY2009	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	7000000	USD
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	28.12	USD
CY2010	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	20.47	USD
CY2009	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	23.66	USD
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm	5.9
CY2010	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm	5.7
CY2009	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm	5.5
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.34
CY2010	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.32
CY2009	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.23
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0236
CY2009	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0328
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.00558
CY2010	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.00742
CY2009	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.00492
CY2011	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Maximum Term Of Award ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsMaximumTermOfAward	10 years
CY2011	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Vesting Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestingPeriod	0.83
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod	1 to 4 years
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Expiration Dating ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardExpirationDating	ratably over 4 years
CY2010Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	78.32	USD
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	81.86	USD
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	81.20	USD
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	84.74	USD
CY2011Q2	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageExercisePrice	74.83	USD
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm	5.7
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Term ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm	4.3
CY2011	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Remaining Contractual Term ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageRemainingContractualTerm	8.2
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	327000000	USD
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableIntrinsicValue	181000000	USD
CY2009	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	197180	shares
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriod	2043050	shares
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	506446	shares
CY2010Q2	fdx	Deferred Tax Assets Operating Loss Credit Carryforwards DeferredTaxAssetsOperatingLossCreditCarryforwards	142000000	USD
CY2011Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	151000000	USD
CY2010	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	57.07	USD
CY2009	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	90.57	USD
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	81.11	USD
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue	70.91	USD
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	20163163	shares
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber	12968690	shares
CY2011Q2	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingNumber	6618915	shares
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	11928567	shares
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	53.13	USD
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	104.38	USD
CY2010Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	74.02	USD
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	78.74	USD
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	73.20	USD
CY2010Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	637296	shares
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	235998	shares
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	234716	shares
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	12198	shares
CY2011Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	626380	shares
CY2010	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	391786	shares
CY2011Q2	us-gaap	Employee Service Share Based Compensation Unrecognized Compensation Costs On Nonvested Awards EmployeeServiceShareBasedCompensationUnrecognizedCompensationCostsOnNonvestedAwards	132000000	USD
CY2011Q2	fdx	Ratio Of Outstanding And Available To Grant Shares To Total Outstanding Common And Equity Compensation Shares And Equity Compensation Shares Available For Grant RatioOfOutstandingAndAvailableToGrantSharesToTotalOutstandingCommonAndEquityCompensationSharesAndEquityCompensationSharesAvailableForGrant	0.1
CY2009	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares	2414815	shares
CY2010	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares	2296211	shares
CY2011	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares	2721602	shares
CY2009Q2	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue	64000000	USD
CY2010Q2	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue	63000000	USD
CY2011Q2	fdx	Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue	67000000	USD
CY2011	fdx	Share Based Compensation Arrangement By Share Based Payment Award Remaining Weighted Average Vesting Period ShareBasedCompensationArrangementByShareBasedPaymentAwardRemainingWeightedAverageVestingPeriod	2 years
CY2011	fdx	Net Earnings Allocable To Common Shareholders NetEarningsAllocableToCommonShareholders	1449000000	USD
CY2010	fdx	Net Earnings Allocable To Common Shareholders NetEarningsAllocableToCommonShareholders	1182000000	USD
CY2009	fdx	Net Earnings Allocable To Common Shareholders NetEarningsAllocableToCommonShareholders	97000000	USD
CY2011	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	315000000	shares
CY2010	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	312000000	shares
CY2009	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	311000000	shares
CY2011	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2000000	shares
CY2010	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2000000	shares
CY2009	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000000	shares
CY2011	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	317000000	shares
CY2010	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	314000000	shares
CY2009	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	312000000	shares
CY2011	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9300000	shares
CY2010	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	11500000	shares
CY2009	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	12600000	shares
CY2011	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	79000000	USD
CY2010	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	36000000	USD
CY2009	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-35000000	USD
CY2011	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	48000000	USD
CY2010	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	54000000	USD
CY2009	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	18000000	USD
CY2011	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	198000000	USD
CY2010	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	207000000	USD
CY2009	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	214000000	USD
CY2011	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	325000000	USD
CY2010	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	297000000	USD
CY2009	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	197000000	USD
CY2011	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	485000000	USD
CY2010	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	408000000	USD
CY2009	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	327000000	USD
CY2011	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	12000000	USD
CY2010	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	15000000	USD
CY2009	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	48000000	USD
CY2011	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-9000000	USD
CY2010	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-10000000	USD
CY2009	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	7000000	USD
CY2011	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	488000000	USD
CY2010	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	413000000	USD
CY2009	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	382000000	USD
CY2011	fdx	Earnings From Foreign Operations EarningsFromForeignOperations	472000000	USD
CY2010	fdx	Earnings From Foreign Operations EarningsFromForeignOperations	555000000	USD
CY2009	fdx	Earnings From Foreign Operations EarningsFromForeignOperations	106000000	USD
CY2011	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2010	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2009	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2009	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses	0.48
CY2011	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.017
CY2010	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.024
CY2009	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.019
CY2011	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.008
CY2010	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.001
CY2009	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.007
CY2011	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.359
CY2010	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.375
CY2009	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.856
CY2011Q2	fdx	Deferred Tax Assets Property Equipment Leases And Intangibles DeferredTaxAssetsPropertyEquipmentLeasesAndIntangibles	274000000	USD
CY2010Q2	fdx	Deferred Tax Assets Property Equipment Leases And Intangibles DeferredTaxAssetsPropertyEquipmentLeasesAndIntangibles	377000000	USD
CY2011Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits	1016000000	USD
CY2010Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits	783000000	USD
CY2011Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance	519000000	USD
CY2010Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance	416000000	USD
CY2011Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	422000000	USD
CY2011Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	69000000	USD
CY2010Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	139000000	USD
CY2011Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	2252000000	USD
CY2010Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	2069000000	USD
CY2011Q2	fdx	Deferred Tax Liabilities Property Equipment Leases And Intangibles DeferredTaxLiabilitiesPropertyEquipmentLeasesAndIntangibles	2675000000	USD
CY2010Q2	fdx	Deferred Tax Liabilities Property Equipment Leases And Intangibles DeferredTaxLiabilitiesPropertyEquipmentLeasesAndIntangibles	2157000000	USD
CY2011Q2	fdx	Deferred Tax Liabilities Employee Benefits DeferredTaxLiabilitiesEmployeeBenefits	34000000	USD
CY2010Q2	fdx	Deferred Tax Liabilities Employee Benefits DeferredTaxLiabilitiesEmployeeBenefits	36000000	USD
CY2011Q2	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	269000000	USD
CY2010Q2	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	238000000	USD
CY2011Q2	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	2978000000	USD
CY2010Q2	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	2431000000	USD
CY2011Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	-726000000	USD
CY2010Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	-362000000	USD
CY2011Q2	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	610000000	USD
CY2010Q2	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	529000000	USD
CY2011Q2	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	-1336000000	USD
CY2010Q2	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	-891000000	USD
CY2011	fdx	Unremitted Earnings Of Foreign Subsidiaries UnremittedEarningsOfForeignSubsidiaries	640000000	USD
CY2010	fdx	Unremitted Earnings Of Foreign Subsidiaries UnremittedEarningsOfForeignSubsidiaries	325000000	USD
CY2011Q2	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	56000000	USD
CY2010Q2	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	67000000	USD
CY2011Q2	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	18000000	USD
CY2010Q2	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	20000000	USD
CY2011Q2	fdx	Tax Positions For Which Ultimate Deductibility Or Income Inclusion Is Certain But Timing Uncertain TaxPositionsForWhichUltimateDeductibilityOrIncomeInclusionIsCertainButTimingUncertain	9000000	USD
CY2010Q2	fdx	Tax Positions For Which Ultimate Deductibility Or Income Inclusion Is Certain But Timing Uncertain TaxPositionsForWhichUltimateDeductibilityOrIncomeInclusionIsCertainButTimingUncertain	9000000	USD
CY2008Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	88000000	USD
CY2011	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	2000000	USD
CY2010	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	3000000	USD
CY2009	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	7000000	USD
CY2011	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	6000000	USD
CY2010	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	14000000	USD
CY2009	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	10000000	USD
CY2011	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	10000000	USD
CY2010	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	4000000	USD
CY2009	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions	30000000	USD
CY2011	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	11000000	USD
CY2010	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	3000000	USD
CY2009	us-gaap	Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities	3000000	USD
CY2010Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	82000000	USD
CY2009Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	72000000	USD
CY2011	fdx	Permanent Reinvestment Strategy Percent Benefit To Effective Tax Rate PermanentReinvestmentStrategyPercentBenefitToEffectiveTaxRate	0.013
CY2011	fdx	Pension Plan Net Periodic Benefit Cost PensionPlanNetPeriodicBenefitCost	543000000	USD
CY2011Q2	fdx	Cash In Offshore Jurisdictions CashInOffshoreJurisdictions	300000000	USD
CY2010	fdx	Pension Plan Net Periodic Benefit Cost PensionPlanNetPeriodicBenefitCost	308000000	USD
CY2009	fdx	Pension Plan Net Periodic Benefit Cost PensionPlanNetPeriodicBenefitCost	177000000	USD
CY2011	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	257000000	USD
CY2010	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	136000000	USD
CY2009	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	237000000	USD
CY2011	fdx	Postretirement Healthcare Plans Net Periodic Benefit Cost PostretirementHealthcarePlansNetPeriodicBenefitCost	60000000	USD
CY2010	fdx	Postretirement Healthcare Plans Net Periodic Benefit Cost PostretirementHealthcarePlansNetPeriodicBenefitCost	42000000	USD
CY2009	fdx	Postretirement Healthcare Plans Net Periodic Benefit Cost PostretirementHealthcarePlansNetPeriodicBenefitCost	57000000	USD
CY2011	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	860000000	USD
CY2010	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	486000000	USD
CY2009	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	471000000	USD
CY2011	fdx	Defined Benefit Plan Assets Estimated Long Term Rate Of Return Next Year DefinedBenefitPlanAssetsEstimatedLongTermRateOfReturnNextYear	0.08
CY2011	fdx	Defined Benefit Plan Assets Actual Rate Of Return For Fifteen Year Period DefinedBenefitPlanAssetsActualRateOfReturnForFifteenYearPeriod	0.078
CY2010	fdx	Pension Expense Impact Of Differing Plan Asset Valuation Methods PensionExpenseImpactOfDifferingPlanAssetValuationMethods	-135000000	USD
CY2010	fdx	Domestic Retirement Plans Contributions DomesticRetirementPlansContributions	848000000	USD
CY2011Q2	us-gaap	Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	15815000000	USD
CY2010Q2	us-gaap	Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	13295000000	USD
CY2011Q2	us-gaap	Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Benefit Obligation DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation	17346000000	USD
CY2010Q2	us-gaap	Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Benefit Obligation DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation	14484000000	USD
CY2011Q2	fdx	Defined Benefit Plan Funded Status Where Projected Obligation Exceeds Fair Value Of Assets DefinedBenefitPlanFundedStatusWhereProjectedObligationExceedsFairValueOfAssets	-1531000000	USD
CY2010Q2	fdx	Defined Benefit Plan Funded Status Where Projected Obligation Exceeds Fair Value Of Assets DefinedBenefitPlanFundedStatusWhereProjectedObligationExceedsFairValueOfAssets	-1189000000	USD
CY2011Q2	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	15538000000	USD
CY2010Q2	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	13263000000	USD
CY2011Q2	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation	17014000000	USD
CY2010Q2	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation	14441000000	USD
CY2011Q2	fdx	Defined Benefit Plan Funded Status Where Accumulated Obligation Exceeds Fair Value Of Assets DefinedBenefitPlanFundedStatusWhereAccumulatedObligationExceedsFairValueOfAssets	-1476000000	USD
CY2010Q2	fdx	Defined Benefit Plan Funded Status Where Accumulated Obligation Exceeds Fair Value Of Assets DefinedBenefitPlanFundedStatusWhereAccumulatedObligationExceedsFairValueOfAssets	-1178000000	USD
CY2011Q2	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation	16530000000	USD
CY2010Q2	us-gaap	Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation	14014000000	USD
CY2010	fdx	Required Retirement Plan Contributions By Employer RequiredRetirementPlanContributionsByEmployer	353000000	USD
CY2011	fdx	Required Retirement Plan Contributions By Employer RequiredRetirementPlanContributionsByEmployer	359000000	USD
CY2011	fdx	Voluntary Retirement Plan Contributions By Employer VoluntaryRetirementPlanContributionsByEmployer	121000000	USD
CY2010	fdx	Voluntary Retirement Plan Contributions By Employer VoluntaryRetirementPlanContributionsByEmployer	495000000	USD
CY2011	fdx	Domestic Retirement Plans Contributions DomesticRetirementPlansContributions	480000000	USD
CY2009Q2	fdx	International Noncurrent Assets InternationalNoncurrentAssets	1513000000	USD
CY2011Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	19100000000	USD
CY2010Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	17618000000	USD
CY2009Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	17128000000	USD
CY2011	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	387000000	USD
CY2011	us-gaap	Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear	0.083
CY2011	us-gaap	Defined Benefit Plan Ultimate Health Care Cost Trend Rate DefinedBenefitPlanUltimateHealthCareCostTrendRate	0.045
CY2011Q2	us-gaap	Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate DefinedBenefitPlanYearThatRateReachesUltimateTrendRate	2029
CY2011	fdx	Defined Benefit Plan Dental Care Cost Trend Rate Assumed For Next Fiscal Year DefinedBenefitPlanDentalCareCostTrendRateAssumedForNextFiscalYear	0.07
CY2011	fdx	Defined Benefit Plan Ultimate Dental Care Cost Trend Rate DefinedBenefitPlanUltimateDentalCareCostTrendRate	0.045
CY2011Q2	fdx	Defined Benefit Plan Year That Dental Care Rate Reaches Ultimate Trend Rate DefinedBenefitPlanYearThatDentalCareRateReachesUltimateTrendRate	2029
CY2011	fdx	Defined Benefit Plan Effect Of One Percentage Point Change On Accumulated Postretirement Benefit Obligation DefinedBenefitPlanEffectOfOnePercentagePointChangeOnAccumulatedPostretirementBenefitObligation	Not significant
CY2011	fdx	Intersegment Revenues And Expenses IntersegmentRevenuesAndExpenses	immaterial
CY2011	fdx	United States Revenue UnitedStatesRevenue	27461000000	USD
CY2010	fdx	United States Revenue UnitedStatesRevenue	24852000000	USD
CY2009	fdx	United States Revenue UnitedStatesRevenue	25819000000	USD
CY2011Q2	fdx	United States Noncurrent Assets UnitedStatesNoncurrentAssets	17235000000	USD
CY2010Q2	fdx	United States Noncurrent Assets UnitedStatesNoncurrentAssets	16089000000	USD
CY2009Q2	fdx	United States Noncurrent Assets UnitedStatesNoncurrentAssets	15615000000	USD
CY2011Q2	fdx	International Noncurrent Assets InternationalNoncurrentAssets	1865000000	USD
CY2010Q2	fdx	International Noncurrent Assets InternationalNoncurrentAssets	1529000000	USD
CY2010	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	43000000	USD
CY2009	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	509000000	USD
CY2011Q2	fdx	Unrecorded Unconditional Purchase Obligation Due In Third Year UnrecordedUnconditionalPurchaseObligationDueInThirdYear	824000000	USD
CY2011Q2	fdx	Unrecorded Unconditional Purchase Obligation Due In Fourth Year UnrecordedUnconditionalPurchaseObligationDueInFourthYear	599000000	USD
CY2011	us-gaap	Interest Paid Net InterestPaidNet	93000000	USD
CY2010	us-gaap	Interest Paid Net InterestPaidNet	88000000	USD
CY2009	us-gaap	Interest Paid Net InterestPaidNet	61000000	USD
CY2011	us-gaap	Income Taxes Paid IncomeTaxesPaid	493000000	USD
CY2010	us-gaap	Income Taxes Paid IncomeTaxesPaid	322000000	USD
CY2009	us-gaap	Income Taxes Paid IncomeTaxesPaid	517000000	USD
CY2011	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	106000000	USD
CY2010	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	279000000	USD
CY2009	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	8000000	USD
CY2011Q2	fdx	Guaranteed Principal Amount Of Special Facility Revenue Bonds GuaranteedPrincipalAmountOfSpecialFacilityRevenueBonds	667000000	USD
CY2011Q2	fdx	Future Principal And Interest Payments For Special Facility Revenue Bonds FuturePrincipalAndInterestPaymentsForSpecialFacilityRevenueBonds	886000000	USD
CY2011Q2	fdx	Portion Of Guaranteed Principal Included In Capital Lease Obligations PortionOfGuaranteedPrincipalIncludedInCapitalLeaseObligations	116000000	USD
CY2011Q2	fdx	Portion Of Guaranteed Principal Accounted For As Operating Leases PortionOfGuaranteedPrincipalAccountedForAsOperatingLeases	551000000	USD
CY2011Q2	fdx	Unrecorded Unconditional Purchase Obligation Due Within Fiscal Year UnrecordedUnconditionalPurchaseObligationDueWithinFiscalYear	2398000000	USD
CY2011Q2	fdx	Unrecorded Unconditional Purchase Obligation Due In Second Year UnrecordedUnconditionalPurchaseObligationDueInSecondYear	1191000000	USD
CY2011Q2	fdx	Unrecorded Unconditional Purchase Obligation Due In Fifth Year UnrecordedUnconditionalPurchaseObligationDueInFifthYear	595000000	USD
CY2011Q2	fdx	Unrecorded Unconditional Purchase Obligation Due After Fifth Year UnrecordedUnconditionalPurchaseObligationDueAfterFifthYear	1602000000	USD
CY2011Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	888000000	USD
CY2011Q2	fdx	Deposit And Progress Payments DepositAndProgressPayments	604000000	USD
CY2011	fdx	Change In Deposit And Progress Payments ChangeInDepositAndProgressPayments	167000000	USD
CY2011Q2	fdx	Conditional Aircraft Commitments ConditionalAircraftCommitments	15
CY2011Q2	fdx	Aircraft Purchase Obligation With Delivery Within Fiscal Year AircraftPurchaseObligationWithDeliveryWithinFiscalYear	23
CY2011Q2	fdx	Aircraft Purchase Obligation With Delivery Due In Second Fiscal Year AircraftPurchaseObligationWithDeliveryDueInSecondFiscalYear	10
CY2011Q2	fdx	Aircraft Purchase Obligation With Delivery Due In Third Fiscal Year AircraftPurchaseObligationWithDeliveryDueInThirdFiscalYear	7
CY2011Q2	fdx	Aircraft Purchase Obligation With Delivery Due In Fourth Fiscal Year AircraftPurchaseObligationWithDeliveryDueInFourthFiscalYear	3
CY2011Q2	fdx	Aircraft Purchase Obligation With Delivery Due In Fifth Fiscal Year AircraftPurchaseObligationWithDeliveryDueInFifthFiscalYear	3
CY2011Q2	fdx	Aircraft Purchase Obligation With Delivery Due After Fifth Fiscal Year AircraftPurchaseObligationWithDeliveryDueAfterFifthFiscalYear	7
CY2011Q2	fdx	Aircraft Purchase Obligation AircraftPurchaseObligation	53
CY2011	fdx	Related Party Ownership Interest RelatedPartyOwnershipInterest	0.1
CY2010Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	628000000	USD
CY2010Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	469000000	USD
CY2009Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	315000000	USD
CY2010Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	696000000	USD
CY2009Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	571000000	USD
CY2010Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	416000000	USD
CY2011Q1	us-gaap	Revenues Revenues	9663000000	USD
CY2010Q4	us-gaap	Net Income Loss NetIncomeLoss	283000000	USD
CY2011Q1	us-gaap	Net Income Loss NetIncomeLoss	231000000	USD
CY2011Q2	us-gaap	Net Income Loss NetIncomeLoss	558000000	USD
CY2009Q3	us-gaap	Net Income Loss NetIncomeLoss	181000000	USD
CY2009Q4	us-gaap	Net Income Loss NetIncomeLoss	345000000	USD
CY2010Q1	us-gaap	Net Income Loss NetIncomeLoss	239000000	USD
CY2010Q2	us-gaap	Net Income Loss NetIncomeLoss	419000000	USD
CY2010Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.21
CY2010Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.90
CY2011Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.73
CY2011Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.76
CY2009Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.58
CY2009Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.10
CY2010Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.76
CY2010Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.34
CY2010Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.20
CY2010Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.89
CY2011Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.73
CY2011Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.75
CY2009Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.58
CY2009Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.10
CY2010Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.76
CY2010Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.33
CY2010Q3	us-gaap	Revenues Revenues	9457000000	USD
CY2010Q4	us-gaap	Revenues Revenues	9632000000	USD
CY2011Q2	us-gaap	Revenues Revenues	10552000000	USD
CY2009Q3	us-gaap	Revenues Revenues	8009000000	USD
CY2009Q4	us-gaap	Revenues Revenues	8596000000	USD
CY2010Q1	us-gaap	Revenues Revenues	8701000000	USD
CY2010Q2	us-gaap	Revenues Revenues	9428000000	USD
CY2011Q2	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	1000000000	USD
CY2011Q2	fdx	Spare Parts Supplies Fuel Prepaid Expenses And Other Net SparePartsSuppliesFuelPrepaidExpensesAndOtherNet	766000000	USD
CY2011Q2	us-gaap	Other Liabilities OtherLiabilities	4280000000	USD
CY2010Q2	fdx	Spare Parts Supplies Fuel Prepaid Expenses And Other Net SparePartsSuppliesFuelPrepaidExpensesAndOtherNet	640000000	USD
CY2010Q2	us-gaap	Other Liabilities OtherLiabilities	3887000000	USD
CY2010	fdx	Interest Net InterestNet	-71000000	USD
CY2011	fdx	Interest Net InterestNet	-77000000	USD
CY2009	fdx	Interest Net InterestNet	-59000000	USD

Files In Submission

Name	View Source	Status
0000950123-11-065246-index-headers.html	Edgar Link	pending
0000950123-11-065246-index.html	Edgar Link	pending
0000950123-11-065246.txt	Edgar Link	pending
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fdx-20110531.xml	Edgar Link	completed
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$FDX
FEDEX CORP Stock $fdx

2010 Q2 Form 10-K Financial Statement

#000095012311065246 Filed on July 12, 2011

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FDX FEDEX CORP Stock $fdx

2010 Q2 Form 10-K Financial Statement

#000095012311065246 Filed on July 12, 2011

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FDX
FEDEX CORP Stock $fdx