$FDX
FEDEX CORP

2016 Q2 Form 10-K Financial Statement

#000095012317006152 Filed on July 17, 2017

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q4
Revenue $12.98B $12.65B $12.45B
YoY Change 7.14% 8.01% 4.31%
Cost Of Revenue $2.996B $3.160B $3.153B
YoY Change 6.35% 6.22% -2.59%
Gross Profit $9.983B $9.494B $9.300B
YoY Change 7.38% 8.61% 6.87%
Gross Profit Margin 76.92% 75.03% 74.68%
Selling, General & Admin $6.034B $5.960B $5.781B
YoY Change 12.28% 7.85% 6.37%
% of Gross Profit 60.44% 62.78% 62.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $667.0M $663.0M $653.0M
YoY Change 1.52% 1.69% 0.31%
% of Gross Profit 6.68% 6.98% 7.02%
Operating Expenses $10.05B $11.79B $11.32B
YoY Change -0.64% 10.41% 48.62%
Operating Profit -$68.00M $864.0M $1.137B
YoY Change -94.85% -16.76% 4.5%
Interest Expense -$97.00M -$81.00M -$74.00M
YoY Change 42.65% 39.66% 57.45%
% of Operating Profit -9.38% -6.51%
Other Income/Expense, Net -$16.00M -$82.00M -$8.000M
YoY Change -40.74% 54.72% -80.95%
Pretax Income -$181.0M $782.0M $1.055B
YoY Change -84.79% -20.61% 0.86%
Income Tax -$111.0M $275.0M $364.0M
% Of Pretax Income 35.17% 34.5%
Net Earnings -$70.00M $507.0M $691.0M
YoY Change -92.18% -19.27% 4.22%
Net Earnings / Revenue -0.54% 4.01% 5.55%
Basic Earnings Per Share -$0.26 $1.86 $2.47
Diluted Earnings Per Share -$0.26 $1.84 $2.44
COMMON SHARES
Basic Shares Outstanding 272.0M 279.0M shares
Diluted Shares Outstanding 275.0M 283.0M shares

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.534B $2.841B $3.647B
YoY Change -6.09% -18.32% 60.94%
Cash & Equivalents $3.534B $2.841B $3.647B
Short-Term Investments
Other Short-Term Assets $707.0M $1.286B $1.147B
YoY Change 99.15% 37.98% 30.64%
Inventory $496.0M $476.0M $493.0M
Prepaid Expenses
Receivables $7.252B $5.634B $5.865B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.99B $10.24B $11.15B
YoY Change 9.58% -2.34% 21.06%
LONG-TERM ASSETS
Property, Plant & Equipment $24.28B $22.55B $22.28B
YoY Change 16.33% 10.41% 11.99%
Goodwill $6.747B
YoY Change 77.09%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.939B $1.266B $1.135B
YoY Change 103.67% -9.31% -0.87%
Total Long-Term Assets $33.97B $27.58B $27.22B
YoY Change 29.98% 7.63% 14.5%
TOTAL ASSETS
Total Short-Term Assets $11.99B $10.24B $11.15B
Total Long-Term Assets $33.97B $27.58B $27.22B
Total Assets $45.96B $37.82B $38.37B
YoY Change 26.02% 4.74% 16.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.944B $2.024B $2.129B
YoY Change 42.5% -1.27% 8.18%
Accrued Expenses $3.063B $3.904B $3.808B
YoY Change 25.79% 22.27% 18.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $29.00M $11.00M $14.00M
YoY Change 52.63%
Total Short-Term Liabilities $8.008B $5.939B $5.951B
YoY Change 34.45% 13.27% 15.04%
LONG-TERM LIABILITIES
Long-Term Debt $13.73B $8.477B $8.481B
YoY Change 89.45% 17.28% 79.11%
Other Long-Term Liabilities $771.0M $7.030B $7.190B
YoY Change 253.67% 37.09% 32.93%
Total Long-Term Liabilities $771.0M $15.51B $15.67B
YoY Change 253.67% 25.5% 54.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.008B $5.939B $5.951B
Total Long-Term Liabilities $771.0M $15.51B $15.67B
Total Liabilities $8.779B $23.49B $23.38B
YoY Change 42.19% 16.9% 34.21%
SHAREHOLDERS EQUITY
Retained Earnings $18.37B
YoY Change 8.7%
Common Stock $2.924B $2.869B
YoY Change 3.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.342B
YoY Change 49.93%
Treasury Stock Shares
Shareholders Equity $13.78B $14.33B $14.99B
YoY Change
Total Liabilities & Shareholders Equity $45.96B $37.82B $38.37B
YoY Change 25.81% 4.74% 16.33%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q4
OPERATING ACTIVITIES
Net Income -$70.00M $507.0M $691.0M
YoY Change -92.18% -19.27% 4.22%
Depreciation, Depletion And Amortization $667.0M $663.0M $653.0M
YoY Change 1.52% 1.69% 0.31%
Cash From Operating Activities $1.912B $1.342B $1.213B
YoY Change 1.0% 1.51% 3.76%
INVESTING ACTIVITIES
Capital Expenditures -$1.249B -$1.017B -$1.353B
YoY Change -9.36% -5.75% 15.64%
Acquisitions
YoY Change
Other Investing Activities -$4.618B -$12.00M $2.000M
YoY Change -57825.0% -99.15% -33.33%
Cash From Investing Activities -$5.867B -$1.029B -$1.351B
YoY Change 328.25% -58.82% 15.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000B $911.0M
YoY Change 1349.28% 483.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.672B -1.094B 257.0M
YoY Change -2096.58% -144.97% -335.78%
NET CHANGE
Cash From Operating Activities 1.912B 1.342B 1.213B
Cash From Investing Activities -5.867B -1.029B -1.351B
Cash From Financing Activities 4.672B -1.094B 257.0M
Net Change In Cash 717.0M -781.0M 119.0M
YoY Change 148.1% -162.18% -211.21%
FREE CASH FLOW
Cash From Operating Activities $1.912B $1.342B $1.213B
Capital Expenditures -$1.249B -$1.017B -$1.353B
Free Cash Flow $3.161B $2.359B $2.566B
YoY Change -3.36% -1.75% 9.71%

Facts In Submission

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<div> <p style="margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOTE 18:&#160;CONTINGENCIES </p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Independent Contractor &#8212; Lawsuits and State Administrative Proceedings.<font style="font-style:normal;"> FedEx Ground is involved in class-action lawsuits, individual lawsuits and state tax and other administrative proceedings that claim that the company&#8217;s owner-operators under a contractor model no longer in use should have been treated as employees, rather than independent contractors. </font></p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Most of the class-action lawsuits were consolidated for administration of the pre-trial proceedings by a single federal court, the U.S. District Court for the Northern District of Indiana. The multidistrict litigation court granted class certification in 28 cases and denied it in 14 cases. On December&#160;13, 2010, the court entered an opinion and order addressing all outstanding motions for summary judgment on the status of the owner-operators (i.e., independent contractor vs. employee). In sum, the court ruled on our summary judgment motions and entered judgment in favor of FedEx Ground on all claims in 20 of the 28 multidistrict litigation cases that had been certified as class actions, finding that the owner-operators in those cases were contractors as a matter of the law of 20 states. The plaintiffs filed notices of appeal in all of these 20 cases. The Seventh Circuit heard the appeal in the Kansas case in January 2012 and, in July 2012, issued an opinion that did not make a determination with respect to the correctness of the district court&#8217;s decision and, instead, certified two questions to the Kansas Supreme Court related to the classification of the plaintiffs as independent contractors under the Kansas Wage Payment Act. The other 19 cases that are before the Seventh Circuit were stayed.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October&#160;3, 2014, the Kansas Supreme Court determined that a 20 factor right to control test applies to claims under the Kansas Wage Payment Act and concluded that under that test, the class members were employees, not independent contractors. The case was subsequently transferred back to the Seventh Circuit, where both parties made filings requesting the action necessary to complete the resolution of the appeals. The parties also made recommendations to the court regarding next steps for the other 19 cases that are before the Seventh Circuit. FedEx Ground requested that each of those cases be separately briefed given the potential differences in the applicable state law from that in Kansas. On July&#160;8, 2015, the Seventh Circuit issued an order and opinion confirming the decision of the Kansas Supreme Court, concluding that the class members were employees, not independent contractors. Additionally, the Seventh Circuit referred the other 19 cases to a representative of the court for purposes of setting a case management conference to address briefing and argument for those cases.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">During the second quarter of 2015, we established an accrual for the estimated probable loss in the Kansas case. In the second quarter of 2016 the Kansas case settled, and we increased the accrual to the amount of the settlement.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">During the third quarter of 2016, we reached agreements in principle to settle all of the 19 cases on appeal in the multidistrict independent contractor litigation. We recognized a liability for the expected loss (net of recognized insurance recovery) related to these cases and certain other pending independent-contractor-related proceedings of $204&#160;million.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Kansas case was remanded to the multidistrict litigation court, and the other 19 cases remained at the Seventh Circuit; however, approval proceedings were conducted primarily by the multidistrict litigation court. Plaintiffs filed motions for preliminary approval between June&#160;15 and June&#160;30, 2016, and on August&#160;3 and 4, 2016, the multidistrict litigation court issued orders indicating that it would grant preliminary approval if the Seventh Circuit would remand the cases on appeal for the purpose of entering approval orders. Upon the parties&#8217; joint motion, the Seventh Circuit remanded the cases for this purpose on August&#160;10, 2016, and the multidistrict litigation court entered orders preliminarily approving the settlements on August&#160;17, 2016. Fairness hearings were originally scheduled for January 23 and 24, 2017, but were held on March 13 and 14, 2017. On March 15, 2017, the court issued orders indicating that it would grant final approval of each settlement if the Seventh Circuit remanded the cases on appeal for the purpose of considering and granting final approval. In a series of orders and judgments issued on April 29, May 1, and June 21, 2017, the court granted final approval of all 20 settlements.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The multidistrict litigation court remanded the other eight certified class actions back to the district courts where they were originally filed because its summary judgment ruling did not completely dispose of all of the claims in those lawsuits. Seven of these matters settled for immaterial amounts and have received court approval. </p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The case in California was appealed to the Ninth Circuit Court of Appeals, where the court reversed the district court decisions and held that the plaintiffs in California were employees as a matter of law and remanded the cases to the district court for further proceedings. In the first quarter of 2015, we recognized an accrual for the then-estimated probable loss in this case.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In June 2015, the parties in the California case reached an agreement to settle the matter for $228&#160;million, and in the fourth quarter of 2015 we increased the accrual to that amount. The court entered final judgment on June&#160;20, 2016, and two objectors to the settlement filed appeals with the Ninth Circuit. One objector has settled with plaintiffs&#8217; counsel, and the appeal by the second objector was briefed in the fourth quarter of 2017. The court has indicated that it will schedule argument on the objector&#8217;s appeal for the second quarter of 2018. The settlement is not effective until all appeals have been resolved without affecting the court&#8217;s approval of the settlement.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In addition, we are defending contractor-model cases that are not or are no longer part of the multidistrict litigation. These cases are in varying stages of litigation. We do not expect to incur a material loss in these matters; however, it is reasonably possible that potential loss in some of these lawsuits or changes to the independent contractor status of FedEx Ground&#8217;s owner-operators could be material. In these cases, we continue to evaluate what facts may arise in the course of discovery and what legal rulings the courts may render and how these facts and rulings might impact the loss. For a number of reasons, we are not currently able to estimate a range of reasonably possible loss in these cases. The number and identities of plaintiffs in these lawsuits are uncertain, as they are dependent on how the class of drivers is defined and how many individuals will qualify based on whatever criteria may be established. In addition, the parties have conducted only very limited discovery into damages in certain of these cases, which could vary considerably from plaintiff to plaintiff and be dependent on evidence pertaining to individual plaintiffs, which has yet to be produced in the cases. Further, the range of potential loss could be impacted substantially by future rulings by the court, including on the merits of the claims, on FedEx Ground&#8217;s defenses, and on evidentiary issues. As a consequence of these factors, as well as others that are specific to these cases, we are not currently able to estimate a range of reasonably possible loss. We do not believe that a material loss is probable in these matters.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Adverse determinations in matters related to FedEx Ground&#8217;s independent contractors could, among other things, entitle certain owner-operators and their drivers to the reimbursement of certain expenses and to the benefit of wage-and-hour laws and result in employment and withholding tax and benefit liability for FedEx Ground. We believe that FedEx Ground&#8217;s owner-operators are properly classified as independent contractors and that FedEx Ground is not an employer of the drivers of the company&#8217;s independent contractors.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">City and State of New York Cigarette Suit.<font style="font-style:normal;"> The City of New York and the State of New York filed two related lawsuits against FedEx Ground in December 2013 and November 2014 arising from FedEx Ground&#8217;s alleged shipments of cigarettes to New York residents in contravention of several statutes, including the Racketeer Influenced and Corrupt Organizations Act (&#8220;RICO&#8221;) and New York&#8217;s Public Health Law, as well as common law nuisance claims. In April 2016, the two lawsuits were consolidated and will now proceed as one lawsuit.&#160;The first-filed lawsuit alleges that FedEx Ground provided delivery services on behalf of four shippers, and the second-filed lawsuit alleges that FedEx Ground provided delivery services on behalf of six additional shippers; none of these shippers continue to ship in our network. Following motions to dismiss filed in both lawsuits, some of the claims were dismissed entirely or limited. In the first-filed lawsuit, the New York Public Health Law and common law nuisance claims were dismissed and the plaintiffs voluntarily dismissed another claim. In the second-filed lawsuit, the common law nuisance claim has been dismissed entirely and the New York Public Health Law claim has been limited to claims arising after September 27, 2013, when an amendment to that law provided enforcement authority to the City of New York and State of New York. Other claims, including the RICO claims, remain in both lawsuits. The likelihood of loss is reasonably possible, but the amount of loss cannot be estimated at this stage of the litigation and we expect the amount of any loss to be immaterial.</font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On July 10, 2017, the City of New York and the State of New York filed a third lawsuit against FedEx Ground and included FedEx Freight as a co-defendant. This new case identifies no shippers or shipments, but generally alleges violations of the same laws that are the subject of the other two lawsuits. The amount or reasonable range of loss, if any, cannot be estimated at this stage of the lawsuit. </p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Environmental Matters<font style="font-style:normal;">. SEC regulations require disclosure of certain environmental matters when a governmental authority is a party to the proceedings and the proceedings involve potential monetary sanctions that management reasonably believes could exceed $100,000.</font></p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On September 9, 2016, FedEx Supply Chain received a written offer from several District Attorneys&#8217; Offices in California to settle a civil action that the District Attorneys intend to file against FedEx Supply Chain for alleged violations of the state&#8217;s hazardous waste regulations. Specifically, the District Attorneys&#8217; Offices allege FedEx Supply Chain unlawfully disposed of hazardous waste at one of its California facilities and caused the illegal transportation and disposal of hazardous waste from the retail stores of a FedEx Supply Chain customer at this same facility. The District Attorneys allege these violations began in 2006 and continued until the facility closed in the spring of 2015. We believe an immaterial loss in this matter is probable. The District Attorneys are also investigating FedEx Supply Chain&#8217;s hazardous waste activities at eight additional facilities within California. We will pursue all available remedies against the sellers of GENCO to recover any losses in these matters.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Other Matters. <font style="font-style:normal;">During the third quarter of 2017, FedEx Trade Networks informed U.S. Customs and Border Protection that in connection with certain customs entries it may have made improper claims for (i) reduced-duty treatment and (ii) duty-free treatment. Loss in these matters is probable, and in the fourth quarter of 2017 we established accruals totaling $39.3 million for the currently estimated probable loss for these matters. FedEx Trade Networks is continuing to review these matters, however, and a material loss is reasonably possible.</font></p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">FedEx and its subsidiaries are subject to other legal proceedings that arise in the ordinary course of business, including certain lawsuits containing various class-action allegations of wage-and-hour violations in which plaintiffs claim, among other things, that they were forced to work &#8220;off the clock,&#8221; were not paid overtime or were not provided work breaks or other benefits. In the opinion of management, the aggregate liability, if any, with respect to these other actions will not have a material adverse effect on our financial position, results of operations or cash flows.&#160;&#160;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p></div>
CY2017 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">DESCRIPTION OF BUSINESS.<font style="font-style:normal;"> FedEx Corporation (&#8220;FedEx&#8221;) provides a broad portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the respected FedEx brand. Our primary operating companies are Federal Express Corporation (&#8220;FedEx Express&#8221;), the world&#8217;s largest express transportation company; TNT Express B.V. (&#8220;TNT Express&#8221;), an international express, small-package ground delivery and freight transportation company; FedEx Ground Package System, Inc. (&#8220;FedEx Ground&#8221;), a leading North American provider of small-package ground delivery services; and FedEx Freight, Inc. (&#8220;FedEx Freight&#8221;), a leading U.S. provider of less-than-truckload (&#8220;LTL&#8221;) freight services. These companies represent our major service lines and, along with FedEx Corporate Services, Inc. (&#8220;FedEx Services&#8221;), form the core of our reportable segments. Our FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support 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. (&#8220;FedEx Office&#8221;).</font></p></div>
CY2017 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">FISCAL YEARS<font style="font-style:normal;">.&#160;Except as otherwise specified, references to years indicate our fiscal year ended May 31, 2017 or ended May&#160;31 of the year referenced.</font></p></div>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">RECLASSIFICATIONS. <font style="font-style:normal;">Reclassifications have been made to the May&#160;31, 2016 consolidated balance sheet to conform to the current year&#8217;s presentation of debt issuance costs. See Note 2 below for additional information regarding recent accounting guidance.</font></p></div>
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">CREDIT RISK.<font style="font-style:normal;"> We routinely grant credit to many of our customers for transportation and business services without collateral.&#160;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 the impact of current economic factors on the composition of accounts receivable. Historically, credit losses have been within management&#8217;s expectations.</font></p></div>
CY2017 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">ADVERTISING. <font style="font-style:normal;">Advertising and promotion costs are expensed as incurred and are classified in other operating expenses.&#160;Advertising and promotion expenses were $458 million in 2017, $417 million in 2016 and $403 million in 2015.</font></p></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">USE OF ESTIMATES<font style="font-style:normal;">.&#160;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.&#160;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.&#160;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.&#160;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; loss contingencies; litigation claims; impairment assessments on long-lived assets (including goodwill); and purchase price allocations. </font></p></div>
CY2015Q2 fdx Number Of Impaired Airbus310300 Aircraft Engines
NumberOfImpairedAirbus310300AircraftEngines
3
CY2015Q2 fdx Number Of Impaired Airbus300600 Aircraft
NumberOfImpairedAirbus300600Aircraft
3
CY2017 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
458000000
CY2016 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
417000000
CY2015 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
403000000
CY2017 fdx Depreciable Life Range For Majority Of Aircraft Costs
DepreciableLifeRangeForMajorityOfAircraftCosts
15 to 30 years
CY2015Q2 fdx Number Of Aircrafts With Shortened Depreciable Life
NumberOfAircraftsWithShortenedDepreciableLife
23
CY2015Q2 fdx Number Of Aircraft Engines With Shortened Depreciable Life
NumberOfAircraftEnginesWithShortenedDepreciableLife
57
CY2017 us-gaap Depreciation
Depreciation
2900000000
CY2016 us-gaap Depreciation
Depreciation
2600000000
CY2015 us-gaap Depreciation
Depreciation
2600000000
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
42000000
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
37000000
CY2017Q2 fdx Number Of Idle Aircraft
NumberOfIdleAircraft
7
CY2017 fdx Aircraft Idle Term
AircraftIdleTerm
an average of 12 months
CY2015Q2 fdx Number Of Impaired Boeing Aircraft Md11 Aircraft
NumberOfImpairedBoeingAircraftMD11Aircraft
7
CY2015Q2 fdx Number Of Impaired Boeing Md11 Aircraft Engines
NumberOfImpairedBoeingMD11AircraftEngines
12
CY2015Q2 fdx Number Of Impaired Airbus310300 Aircraft
NumberOfImpairedAirbus310300Aircraft
4
CY2015Q2 fdx Number Of Impaired Airbus300600 Aircraft Engines
NumberOfImpairedAirbus300600AircraftEngines
3
CY2015Q2 fdx Number Of Impaired Boeing Md1010 Aircraft
NumberOfImpairedBoeingMD1010Aircraft
1
CY2015Q2 fdx Number Of Impaired Boeing Md1010 Aircraft Engines
NumberOfImpairedBoeingMD1010AircraftEngines
3
CY2015 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
276000000
CY2015 fdx Asset Impairments Net Of Tax
AssetImpairmentsNetOfTax
175000000
CY2015 fdx Asset Impairments Diluted Eps Impact
AssetImpairmentsDilutedEPSImpact
0.61
CY2015 fdx Asset Impairment Noncash
AssetImpairmentNoncash
246000000
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StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
25000000
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
172.13
CY2017Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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16000000
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149.35
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DividendsPayableDateDeclaredDayMonthAndYear
2017-06-12
CY2017Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.50
CY2017 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2017-07-06
CY2017 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2017-06-22
CY2017Q2 fdx Anticipated Lease Liability And Related Right Of Use Asset
AnticipatedLeaseLiabilityAndRelatedRightOfUseAsset
13000000000
CY2016 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
57899000000
CY2015 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
55862000000
CY2016 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1600000000
CY2015 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
638000000
CY2016 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
5.73
CY2015 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.22
CY2016 fdx Tnt Acquisition Related Costs
TNTAcquisitionRelatedCosts
115000000
CY2016 fdx Tnt Restructuring Impairments Litigation Matters And Pension Adjustments
TNTRestructuringImpairmentsLitigationMattersAndPensionAdjustments
40000000
CY2015 fdx Tnt Restructuring Impairments Litigation Matters And Pension Adjustments
TNTRestructuringImpairmentsLitigationMattersAndPensionAdjustments
320000000
CY2015Q2 us-gaap Goodwill Gross
GoodwillGross
5120000000
CY2015Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1310000000
CY2015Q2 us-gaap Goodwill
Goodwill
3810000000
CY2017 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
407000000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2445000000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2230000000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1931000000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1709000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
44000000
CY2017Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1310000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
846000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
317000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
529000000
CY2016Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1237000000
CY2016Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
229000000
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1008000000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14000000
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
81000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
71000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
55000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
41000000
CY2017Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
431000000
CY2016Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
478000000
CY2017Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
781000000
CY2016Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
804000000
CY2017Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
702000000
CY2016Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
690000000
CY2017Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
976000000
CY2016Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
837000000
CY2017Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
283000000
CY2016Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
311000000
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1971000000
CY2016Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1915000000
CY2017Q2 us-gaap Long Term Debt
LongTermDebt
14878000000
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
13687000000
CY2017Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
9000000
CY2016Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
12000000
CY2017Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
44000000
CY2016Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
63000000
CY2017Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
14931000000
CY2016Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
13762000000
CY2017Q2 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.036
CY2017Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
15500000000
CY2016Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
14300000000
CY2017 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2020-11-13
CY2017Q2 fdx Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio Maximum
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatioMaximum
3.5
CY2017Q2 fdx Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatio
1.9
CY2017Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
317000000
CY2017Q2 us-gaap Commercial Paper Noncurrent
CommercialPaperNoncurrent
0
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1540000000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
8019000000
CY2017Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
17874000000
CY2017 fdx Weighted Average Remaining Lease Term Operating
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P6Y
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2017 fdx Capital And Operating Leases Expiration Term
CapitalAndOperatingLeasesExpirationTerm
Various dates through 2049
CY2017Q2 fdx Percentage Of Aircraft Fleet Leased Under Operating Leases
PercentageOfAircraftFleetLeasedUnderOperatingLeases
0.09
CY2016Q2 fdx Percentage Of Aircraft Fleet Leased Under Operating Leases
PercentageOfAircraftFleetLeasedUnderOperatingLeases
0.10
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2814000000
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2394000000
CY2015 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2249000000
CY2016 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
214000000
CY2015 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
194000000
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2992000000
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2608000000
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2443000000
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
178000000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
159.46
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
155.53
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
154000000
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
144000000
CY2017 fdx Stock Option Vesting Period Range
StockOptionVestingPeriodRange
one to four years
CY2017 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestingPeriod
0.82
CY2017 fdx Restricted Stock Expiration Period
RestrictedStockExpirationPeriod
ratably over a four-year period
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Black-Scholes
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
43.99
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
52.40
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
274000000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
115000000
CY2017 fdx Expected Lives
ExpectedLives
6.5 years
CY2016 fdx Expected Lives
ExpectedLives
6.4 years
CY2015 fdx Expected Lives
ExpectedLives
6.3 years
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.25
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.28
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0164
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0194
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00719
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00519
CY2017 fdx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Maximum Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedMaximumTerm
10 years
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14441431
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2783968
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3330197
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
296503
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13598699
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
7820992
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
5473800
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
8304621
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
111.99
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
169.73
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
100.65
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
152.91
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
125.66
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
100.92
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
159.15
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y2M12D
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y8M12D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y2M12D
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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0.078
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TNTIntegrationAndRestructuringExpenses
124000000
CY2017Q1 fdx Tnt Integration And Restructuring Expenses
TNTIntegrationAndRestructuringExpenses
78000000
CY2016Q4 fdx Tnt Integration And Restructuring Expenses
TNTIntegrationAndRestructuringExpenses
58000000
CY2016Q3 fdx Tnt Integration And Restructuring Expenses
TNTIntegrationAndRestructuringExpenses
68000000
CY2016Q2 fdx Retirement Plans Market To Market Adjustment
RetirementPlansMarketToMarketAdjustment
1500000000
CY2016Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
204000000
CY2016Q2 fdx Tnt Transaction Financing Integration Operating Results
TNTTransactionFinancingIntegrationOperatingResults
79000000
CY2016Q2 fdx Income Tax Reconciliation Internal Restructuring
IncomeTaxReconciliationInternalRestructuring
76000000
CY2016Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
11000000
CY2016Q1 fdx Offer Of Compromise
OfferOfCompromise
69000000
CY2016Q1 fdx Tnt Transaction Financing Integration Expense
TNTTransactionFinancingIntegrationExpense
25000000
CY2015Q4 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
41000000
CY2015Q4 fdx Tnt Transaction Financing Integration Expense
TNTTransactionFinancingIntegrationExpense
19000000
CY2017Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
14800000000
CY2017Q2 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
1060000000
CY2017Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
7167000000
CY2016Q2 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
1203000000
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-479000000
CY2016 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-315000000
CY2015 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-221000000

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