$FDX
FEDEX CORP

2024 Q3 Form 10-Q Financial Statement

#000095017024108107 Filed on September 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $21.58B $21.68B
YoY Change -0.47% -6.72%
Cost Of Revenue $6.350B $6.137B
YoY Change 3.47% -19.13%
Gross Profit $15.23B $15.54B
YoY Change -2.03% -0.7%
Gross Profit Margin 70.57% 71.69%
Selling, General & Admin $9.775B $9.760B
YoY Change 0.15% -1.63%
% of Gross Profit 64.19% 62.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.078B $1.071B
YoY Change 0.65% 4.59%
% of Gross Profit 7.08% 6.89%
Operating Expenses $14.02B $13.95B
YoY Change 0.48% -3.26%
Operating Profit $1.080B $1.485B
YoY Change -27.27% 24.69%
Interest Expense -$84.00M -$91.00M
YoY Change -7.69% -35.92%
% of Operating Profit -7.78% -6.13%
Other Income/Expense, Net -$24.00M -$62.00M
YoY Change -61.29% 67.57%
Pretax Income $1.056B $1.423B
YoY Change -25.79% 23.31%
Income Tax $262.0M $345.0M
% Of Pretax Income 24.81% 24.24%
Net Earnings $794.0M $1.078B
YoY Change -26.35% 23.2%
Net Earnings / Revenue 3.68% 4.97%
Basic Earnings Per Share $3.24 $4.28
Diluted Earnings Per Share $3.21 $4.23
COMMON SHARES
Basic Shares Outstanding 244.3M 251.2M
Diluted Shares Outstanding 247.0M 254.0M

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.943B $7.055B
YoY Change -15.76% 2.99%
Cash & Equivalents $5.943B $7.055B
Short-Term Investments
Other Short-Term Assets $1.228B $994.0M
YoY Change 23.54% -5.69%
Inventory $611.0M $631.0M
Prepaid Expenses
Receivables $10.31B $10.21B
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.09B $18.89B
YoY Change -4.2% -3.67%
LONG-TERM ASSETS
Property, Plant & Equipment $41.26B $41.17B
YoY Change 0.2% 6.1%
Goodwill $6.512B $6.422B
YoY Change 1.4% 1.68%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.756B $3.766B
YoY Change -0.27% -2.91%
Total Long-Term Assets $68.62B $68.69B
YoY Change -0.1% 3.73%
TOTAL ASSETS
Total Short-Term Assets $18.09B $18.89B
Total Long-Term Assets $68.62B $68.69B
Total Assets $86.71B $87.58B
YoY Change -0.99% 2.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.738B $3.794B
YoY Change -1.48% -8.95%
Accrued Expenses $4.905B $4.919B
YoY Change -0.28% 4.08%
Deferred Revenue $20.00M $21.00M
YoY Change -4.76% 50.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $622.0M $351.0M
YoY Change 77.21% 152.52%
Total Short-Term Liabilities $14.11B $13.81B
YoY Change 2.17% 0.33%
LONG-TERM LIABILITIES
Long-Term Debt $19.66B $20.15B
YoY Change -2.39% 1.14%
Other Long-Term Liabilities $693.0M $694.0M
YoY Change -0.14% 6.12%
Total Long-Term Liabilities $693.0M $694.0M
YoY Change -0.14% 6.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.11B $13.81B
Total Long-Term Liabilities $693.0M $694.0M
Total Liabilities $14.80B $14.51B
YoY Change 2.06% 0.6%
SHAREHOLDERS EQUITY
Retained Earnings $38.77B $36.02B
YoY Change 7.62% 8.96%
Common Stock $4.166B $3.832B
YoY Change 8.72% 1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.43B $11.96B
YoY Change 20.58% 15.15%
Treasury Stock Shares
Shareholders Equity $27.18B $26.53B
YoY Change
Total Liabilities & Shareholders Equity $86.71B $87.58B
YoY Change -0.99% 2.04%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $794.0M $1.078B
YoY Change -26.35% 23.2%
Depreciation, Depletion And Amortization $1.078B $1.071B
YoY Change 0.65% 4.59%
Cash From Operating Activities $1.187B $2.230B
YoY Change -46.77% 38.77%
INVESTING ACTIVITIES
Capital Expenditures $767.0M $1.290B
YoY Change -40.54% -200.47%
Acquisitions
YoY Change
Other Investing Activities -$35.00M $10.00M
YoY Change -450.0% -140.0%
Cash From Investing Activities -$802.0M -$1.280B
YoY Change -37.34% -2.22%
FINANCING ACTIVITIES
Cash Dividend Paid $339.0M $318.0M
YoY Change 6.6% 6.35%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -969.0M -727.0M
YoY Change 33.29% 194.33%
NET CHANGE
Cash From Operating Activities 1.187B 2.230B
Cash From Investing Activities -802.0M -1.280B
Cash From Financing Activities -969.0M -727.0M
Net Change In Cash -558.0M 199.0M
YoY Change -380.4% -523.4%
FREE CASH FLOW
Cash From Operating Activities $1.187B $2.230B
Capital Expenditures $767.0M $1.290B
Free Cash Flow $420.0M $940.0M
YoY Change -55.32% -67.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
87007000000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21579000000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21681000000
CY2024Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7785000000
CY2023Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7785000000
CY2024Q3 fdx Purchased Transportation Costs
PurchasedTransportationCosts
5275000000
CY2023Q3 fdx Purchased Transportation Costs
PurchasedTransportationCosts
5036000000
CY2024Q3 fdx Rentals And Landing Fees
RentalsAndLandingFees
1161000000
CY2023Q3 fdx Rentals And Landing Fees
RentalsAndLandingFees
1151000000
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1078000000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1071000000
CY2024Q3 us-gaap Fuel Costs
FuelCosts
1075000000
CY2023Q3 us-gaap Fuel Costs
FuelCosts
1101000000
CY2024Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
829000000
CY2023Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
824000000
CY2024Q3 fdx Business Optimization Costs
BusinessOptimizationCosts
128000000
CY2023Q3 fdx Business Optimization Costs
BusinessOptimizationCosts
105000000
CY2024Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3168000000
CY2023Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3123000000
CY2024Q3 us-gaap Costs And Expenses
CostsAndExpenses
20499000000
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
20196000000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1080000000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1485000000
CY2024Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-84000000
CY2023Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-91000000
CY2024Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-49000000
CY2023Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-39000000
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11000000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000000
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-24000000
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-62000000
CY2024Q3 dei Entity Central Index Key
EntityCentralIndexKey
0001048911
CY2024Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q3 dei Amendment Flag
AmendmentFlag
false
CY2024Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
CY2024Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2025
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2024Q3 dei Document Type
DocumentType
10-Q
CY2024Q3 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q3 dei Document Period End Date
DocumentPeriodEndDate
2024-08-31
CY2024Q3 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q3 dei Entity File Number
EntityFileNumber
1-15829
CY2024Q3 dei Entity Registrant Name
EntityRegistrantName
FedEx Corporation
CY2024Q3 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2024Q3 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
62-1721435
CY2024Q3 dei Entity Address Address Line1
EntityAddressAddressLine1
942 South Shady Grove Road
CY2024Q3 dei Entity Address City Or Town
EntityAddressCityOrTown
Memphis
CY2024Q3 dei Entity Address State Or Province
EntityAddressStateOrProvince
TN
CY2024Q3 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
38120
CY2024Q3 dei City Area Code
CityAreaCode
901
CY2024Q3 dei Local Phone Number
LocalPhoneNumber
818-7500
CY2024Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q3 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q3 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q3 dei Entity Small Business
EntitySmallBusiness
false
CY2024Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q3 dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
244323464
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5943000000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6501000000
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
702000000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
775000000
CY2024Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
10312000000
CY2024Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
10087000000
CY2024Q3 fdx Allowances For Spare Parts Supplies And Fuel
AllowancesForSparePartsSuppliesAndFuel
290000000
CY2024Q2 fdx Allowances For Spare Parts Supplies And Fuel
AllowancesForSparePartsSuppliesAndFuel
288000000
CY2024Q3 fdx Spare Parts Supplies And Fuel Less Allowances
SparePartsSuppliesAndFuelLessAllowances
611000000
CY2024Q2 fdx Spare Parts Supplies And Fuel Less Allowances
SparePartsSuppliesAndFuelLessAllowances
614000000
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1228000000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1005000000
CY2024Q3 us-gaap Assets Current
AssetsCurrent
18094000000
CY2024Q2 us-gaap Assets Current
AssetsCurrent
18207000000
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
85158000000
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
84391000000
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
43903000000
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
42900000000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
41255000000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
41491000000
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17094000000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17115000000
CY2024Q3 us-gaap Goodwill
Goodwill
6512000000
CY2024Q2 us-gaap Goodwill
Goodwill
6423000000
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3756000000
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3771000000
CY2024Q3 fdx Other Long Term Assets Noncurrent Excluding Property And Equipment
OtherLongTermAssetsNoncurrentExcludingPropertyAndEquipment
27362000000
CY2024Q2 fdx Other Long Term Assets Noncurrent Excluding Property And Equipment
OtherLongTermAssetsNoncurrentExcludingPropertyAndEquipment
27309000000
CY2024Q3 us-gaap Assets
Assets
86711000000
CY2024Q2 us-gaap Assets
Assets
87007000000
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
622000000
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
68000000
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2336000000
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2673000000
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
3738000000
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
3189000000
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2510000000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2463000000
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4905000000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4962000000
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
14111000000
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
13355000000
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
19664000000
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
20135000000
CY2024Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4485000000
CY2024Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
4482000000
CY2024Q3 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
1780000000
CY2024Q2 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
2010000000
CY2024Q3 fdx Self Insurance Accruals Noncurrent
SelfInsuranceAccrualsNoncurrent
3833000000
CY2024Q2 fdx Self Insurance Accruals Noncurrent
SelfInsuranceAccrualsNoncurrent
3701000000
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14969000000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15053000000
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
693000000
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
689000000
CY2024Q3 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
25760000000
CY2024Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
25935000000
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
318000000
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
318000000
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
32000000
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
32000000
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4134000000
CY2024Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3988000000
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
38767000000
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
38649000000
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1332000000
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1359000000
CY2024Q3 us-gaap Treasury Stock Value
TreasuryStockValue
14425000000
CY2024Q2 us-gaap Treasury Stock Value
TreasuryStockValue
13728000000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
27176000000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
27582000000
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
86711000000
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
87007000000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21579000000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21681000000
CY2024Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7785000000
CY2023Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7785000000
CY2024Q3 fdx Purchased Transportation Costs
PurchasedTransportationCosts
5275000000
CY2023Q3 fdx Purchased Transportation Costs
PurchasedTransportationCosts
5036000000
CY2024Q3 fdx Rentals And Landing Fees
RentalsAndLandingFees
1161000000
CY2023Q3 fdx Rentals And Landing Fees
RentalsAndLandingFees
1151000000
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1078000000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1071000000
CY2024Q3 us-gaap Fuel Costs
FuelCosts
1075000000
CY2023Q3 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
824000000
CY2023Q3 fdx Business Optimization Costs
BusinessOptimizationCosts
105000000
CY2024Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3168000000
CY2023Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3123000000
CY2024Q3 us-gaap Costs And Expenses
CostsAndExpenses
20499000000
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
20196000000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1080000000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1485000000
CY2024Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-84000000
CY2023Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-91000000
CY2024Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-49000000
CY2023Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-39000000
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11000000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000000
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-62000000
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1056000000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1423000000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
262000000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
345000000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
794000000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1078000000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.28
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.21
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.23
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.76
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.26
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
794000000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1078000000
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
4000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-4000000
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
29000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-28000000
CY2024Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
1000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0
CY2024Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-2000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-1000000
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-29000000
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
821000000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1049000000
CY2024Q3 us-gaap Profit Loss
ProfitLoss
794000000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
1078000000
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1078000000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1071000000
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
129000000
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
103000000
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1056000000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1423000000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
262000000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
345000000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
794000000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1078000000
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.21
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.23
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.76
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.26
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
794000000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1078000000
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
4000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-4000000
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
29000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-28000000
CY2024Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
1000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0
CY2024Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-2000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-1000000
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-29000000
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
821000000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1049000000
CY2024Q3 us-gaap Profit Loss
ProfitLoss
794000000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
1078000000
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1078000000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1071000000
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
129000000
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
103000000
CY2024Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-817000000
CY2023Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-728000000
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
48000000
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
56000000
CY2024Q3 fdx Business Optimization Costs Net Of Payments
BusinessOptimizationCostsNetOfPayments
69000000
CY2023Q3 fdx Business Optimization Costs Net Of Payments
BusinessOptimizationCostsNetOfPayments
73000000
CY2024Q3 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
305000000
CY2023Q3 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
126000000
CY2024Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
223000000
CY2023Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
131000000
CY2024Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1105000000
CY2023Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-470000000
CY2024Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-23000000
CY2023Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
6000000
CY2024Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1187000000
CY2024Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-817000000
CY2023Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-728000000
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
48000000
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
56000000
CY2024Q3 fdx Business Optimization Costs Net Of Payments
BusinessOptimizationCostsNetOfPayments
69000000
CY2023Q3 fdx Business Optimization Costs Net Of Payments
BusinessOptimizationCostsNetOfPayments
73000000
CY2024Q3 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
305000000
CY2023Q3 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
126000000
CY2024Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
223000000
CY2023Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
131000000
CY2024Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1105000000
CY2023Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-470000000
CY2024Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-23000000
CY2023Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
6000000
CY2024Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1187000000
CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2230000000
CY2024Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
767000000
CY2023Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1290000000
CY2024Q3 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
61000000
CY2023Q3 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2000000
CY2024Q3 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
13000000
CY2023Q3 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0
CY2024Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13000000
CY2023Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12000000
CY2024Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-802000000
CY2023Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1280000000
CY2024Q3 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
34000000
CY2023Q3 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
66000000
CY2024Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
404000000
CY2023Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
157000000
CY2024Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
339000000
CY2023Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
318000000
CY2024Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000000000
CY2023Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500000000
CY2024Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-969000000
CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-727000000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6501000000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6856000000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5943000000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7055000000
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.76
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.26
CY2024Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-4000000
CY2024Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3400000
CY2024Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
767000000
CY2024Q3 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
61000000
CY2023Q3 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2000000
CY2024Q3 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
13000000
CY2023Q3 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0
CY2024Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13000000
CY2023Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12000000
CY2024Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-802000000
CY2023Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1280000000
CY2024Q3 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
34000000
CY2023Q3 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
66000000
CY2024Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
404000000
CY2023Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
157000000
CY2024Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
339000000
CY2023Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
318000000
CY2024Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000000000
CY2023Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500000000
CY2024Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-969000000
CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-727000000
CY2024Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26000000
CY2023Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-24000000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-558000000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
199000000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6501000000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6856000000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5943000000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7055000000
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.76
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.26
CY2024Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000
CY2023Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-4000000
CY2024Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3400000
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2000000
CY2024Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
2200000
CY2023Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1100000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
27176000000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
26534000000
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2000000
CY2024Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
2200000
CY2023Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1100000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
27176000000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
26534000000
CY2024Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
614000000
CY2024Q2 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
672000000
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
459000000
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
463000000
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
20000000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
23000000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21579000000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21681000000
CY2024Q3 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
614000000
CY2024Q2 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
672000000
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
459000000
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
463000000
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
20000000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
23000000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21579000000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21681000000
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48000000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56000000
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48000000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56000000
CY2024Q3 fdx Business Optimization Costs
BusinessOptimizationCosts
128000000
CY2024Q3 fdx Business Optimization Costs Net Of Tax
BusinessOptimizationCostsNetOfTax
98000000
CY2024Q3 fdx Business Optimization Costs Per Diluted Share
BusinessOptimizationCostsPerDilutedShare
0.39
CY2023Q3 fdx Business Optimization Costs
BusinessOptimizationCosts
105000000
CY2023Q3 fdx Business Optimization Costs Net Of Tax
BusinessOptimizationCostsNetOfTax
81000000
CY2023Q3 fdx Business Optimization Costs Per Diluted Share
BusinessOptimizationCostsPerDilutedShare
0.32
CY2024Q2 fdx Restructuring And Related Cost Expected Occur Period
RestructuringAndRelatedCostExpectedOccurPeriod
P18M
CY2024Q3 us-gaap Derivative Instruments In Hedges At Fair Value Net
DerivativeInstrumentsInHedgesAtFairValueNet
176000000
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
7000000
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
23000000
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
8000000
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
14000000
CY2024Q3 fdx Business Optimization Costs
BusinessOptimizationCosts
128000000
CY2024Q3 fdx Business Optimization Costs Net Of Tax
BusinessOptimizationCostsNetOfTax
98000000
CY2024Q3 fdx Business Optimization Costs Per Diluted Share
BusinessOptimizationCostsPerDilutedShare
0.39
CY2023Q3 fdx Business Optimization Costs
BusinessOptimizationCosts
105000000
CY2023Q3 fdx Business Optimization Costs Net Of Tax
BusinessOptimizationCostsNetOfTax
81000000
CY2023Q3 fdx Business Optimization Costs Per Diluted Share
BusinessOptimizationCostsPerDilutedShare
0.32
CY2024Q2 fdx Restructuring And Related Cost Expected Occur Period
RestructuringAndRelatedCostExpectedOccurPeriod
P18M
CY2024Q3 us-gaap Derivative Instruments In Hedges At Fair Value Net
DerivativeInstrumentsInHedgesAtFairValueNet
176000000
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
7000000
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
23000000
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
8000000
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
14000000
CY2024Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
414000000
CY2024Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
360000000
CY2024Q3 us-gaap Debt Securities
DebtSecurities
76000000
CY2024Q2 us-gaap Debt Securities
DebtSecurities
77000000
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
129000000
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
103000000
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
408000000
CY2024Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
414000000
CY2024Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
360000000
CY2024Q3 us-gaap Debt Securities
DebtSecurities
76000000
CY2024Q2 us-gaap Debt Securities
DebtSecurities
77000000
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
129000000
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
103000000
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
408000000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
436000000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
436000000
CY2024Q3 fdx Number Of Boeing Aircraft
NumberOfBoeingAircraft
19
CY2024Q3 fdx Net Book Valve Of Collateralized Boeing Aircraft
NetBookValveOfCollateralizedBoeingAircraft
1600000000
CY2024Q3 fdx Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio Maximum
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatioMaximum
0.035
CY2024Q3 fdx Long Term Debt Including Current Maturities
LongTermDebtIncludingCurrentMaturities
19900000000
CY2024Q2 fdx Long Term Debt Including Current Maturities
LongTermDebtIncludingCurrentMaturities
19800000000
CY2024Q3 fdx Long Term Debt Including Current Maturities Fair Value
LongTermDebtIncludingCurrentMaturitiesFairValue
18200000000
CY2024Q2 fdx Long Term Debt Including Current Maturities Fair Value
LongTermDebtIncludingCurrentMaturitiesFairValue
17500000000
CY2024Q3 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.035
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
793000000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1077000000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
244000000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
251000000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.28
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
793000000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1077000000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
244000000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
251000000
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
247000000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
254000000
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.21
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.23
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4300000
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6200000
CY2024Q3 fdx Number Of Boeing Aircraft
NumberOfBoeingAircraft
19
CY2024Q3 fdx Net Book Valve Of Collateralized Boeing Aircraft
NetBookValveOfCollateralizedBoeingAircraft
1600000000
CY2024Q3 fdx Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio Maximum
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatioMaximum
0.035
CY2024Q3 fdx Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatio
0.018
CY2024Q3 fdx Long Term Debt Including Current Maturities
LongTermDebtIncludingCurrentMaturities
19900000000
CY2024Q2 fdx Long Term Debt Including Current Maturities
LongTermDebtIncludingCurrentMaturities
19800000000
CY2024Q3 fdx Long Term Debt Including Current Maturities Fair Value
LongTermDebtIncludingCurrentMaturitiesFairValue
18200000000
CY2024Q2 fdx Long Term Debt Including Current Maturities Fair Value
LongTermDebtIncludingCurrentMaturitiesFairValue
17500000000
CY2024Q3 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.035
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
793000000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1077000000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
244000000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
251000000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.28
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
793000000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1077000000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
244000000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
251000000
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
247000000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
254000000
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.21
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.23
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4300000
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6200000
CY2024Q3 fdx Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
70000000
CY2023Q3 fdx Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
91000000
CY2024Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
287000000
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
240000000
CY2024Q3 fdx Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
22000000
CY2023Q3 fdx Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
23000000
CY2024Q3 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
379000000
CY2023Q3 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
354000000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21579000000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21681000000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1080000000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1485000000
CY2024Q3 us-gaap Assets
Assets
86711000000
CY2024Q2 us-gaap Assets
Assets
87007000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
1767000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
1452000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
823000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
731000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
634000000
CY2024Q3 fdx Unrecorded Unconditional Purchase Obligation To Be Paid After Year Four
UnrecordedUnconditionalPurchaseObligationToBePaidAfterYearFour
1433000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
6840000000
CY2024Q3 fdx Deposit And Progress Payments
DepositAndProgressPayments
535000000
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Within Remainder Of Fiscal Year
AircraftPurchaseObligationWithDeliveryWithinRemainderOfFiscalYear
32
CY2024Q3 fdx Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
70000000
CY2023Q3 fdx Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
91000000
CY2024Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
287000000
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
240000000
CY2024Q3 fdx Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
22000000
CY2024Q3 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
379000000
CY2023Q3 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
354000000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21579000000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21681000000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1080000000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1485000000
CY2024Q3 us-gaap Assets
Assets
86711000000
CY2024Q2 us-gaap Assets
Assets
87007000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
1767000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
1452000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
823000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
731000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
634000000
CY2024Q3 fdx Unrecorded Unconditional Purchase Obligation To Be Paid After Year Four
UnrecordedUnconditionalPurchaseObligationToBePaidAfterYearFour
1433000000
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
6840000000
CY2024Q3 fdx Deposit And Progress Payments
DepositAndProgressPayments
535000000
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Within Remainder Of Fiscal Year
AircraftPurchaseObligationWithDeliveryWithinRemainderOfFiscalYear
32
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Due In First Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFirstFiscalYear
21
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Due In First Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFirstFiscalYear
21
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Due In Second Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInSecondFiscalYear
0
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Due In Third Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInThirdFiscalYear
0
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Due In Fourth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFourthFiscalYear
0
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Due After Fourth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueAfterFourthFiscalYear
0
CY2024Q3 fdx Aircraft Purchase Obligation
AircraftPurchaseObligation
53
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2303000000
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
22000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Remainder Of Fiscal Year
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueRemainderOfFiscalYear
2325000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2983000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
30000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Due Next Twelve Months
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueDueNextTwelveMonths
3013000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2675000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
22000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
2697000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2339000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
21000000
CY2024Q3 fdx Lessee Operating Lease And Finance Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLiabilityPaymentsDueYearThree
2360000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1965000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
19000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
1984000000
CY2024Q3 fdx Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
8884000000
CY2024Q3 fdx Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
630000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due After Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
9514000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21149000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
744000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDue
21893000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3670000000
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
320000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseAndFinanceLeaseLiabilityUndiscountedExcessAmount
3990000000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17479000000
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
424000000
CY2024Q3 fdx Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
17903000000
CY2024Q3 fdx Lessee Operating And Finance Lease Lease Not Yet Commenced Undiscounted Future Payments
LesseeOperatingAndFinanceLeaseLeaseNotYetCommencedUndiscountedFuturePayments
1100000000
CY2024Q3 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">NOTE 9: </span><span style="text-transform:uppercase;color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Contingencies</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Service Provider Lawsuits</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. Federal Express, as successor to FedEx Ground, is defending against lawsuits in which it is alleged that Federal Express should be treated as an employer or joint employer of drivers employed by service providers engaged by Federal Express. These cases are in varying stages of litigation, and we are not currently able to estimate an amount or range of potential loss in all of these matters. However, we do not expect to incur, individually or in the aggregate, a material loss in these matters. Nevertheless, adverse determinations in these matters could, among other things, entitle service providers’ drivers to certain payments, including wages and penalties, from the service providers and Federal Express and result in employment and withholding tax and benefit liability for Federal Express. We continue to believe that Federal Express is not an employer or joint employer of the drivers of these independent businesses.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">FedEx Services Employment Lawsuit</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. In May 2021, FedEx Services was named as a defendant in a lawsuit filed in the U.S. District Court for the Southern District of Texas related to the termination of a former FedEx Services employee. The complaint alleged race discrimination and retaliation for complaints of discrimination under Section 1981 of the Civil Rights Act of 1866 and Title VII of the Civil Rights Act of 1964. After trial, in October 2022, the jury found in favor of FedEx Services on the race discrimination claims but awarded the plaintiff compensatory damages of approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">1.0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million for emotional distress and punitive damages of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">365</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million for the retaliation claims. The court entered final judgment in the amount of approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">366</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million. FedEx Services appealed the verdict to the U.S. Court of Appeals for the Fifth Circuit. FedEx Services argued on appeal that FedEx Services is entitled to judgment as a matter of law on the retaliation claims, plaintiff’s claims were not timely filed, punitive damages are not available as a matter of law and, if allowed, must be reduced to no greater than a single-digit multiple of the award for compensatory damages based on the United States Supreme Court’s ruling in </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">State Farm v. Campbell</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, and the compensatory damages award must be reduced to conform with the evidence and the Fifth Circuit’s maximum recovery rule. FedEx Services argued in the alternative that a new trial should be granted.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:8pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">In February 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit reduced the jury’s emotional distress award of approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">1.0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million to approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">250,000</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> and vacated the jury’s $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">365</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million award for punitive damages based on its finding that FedEx Services made good faith efforts to comply with the law. In March 2024, the full Fifth Circuit unanimously denied plaintiff’s petition for rehearing. In June 2024, plaintiff petitioned the U.S. Supreme Court for review of the Fifth Circuit’s reduction of the emotional distress award and determination that FedEx Services’s employment agreement provides a reasonable time for filing Section 1981 claims. The petition does not challenge the Fifth’s Circuit’s decision to vacate the punitive damages award. An immaterial loss accrual has been recorded in FedEx’s consolidated financial statements.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">FedEx Ground Negligence Lawsuit.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> In December 2022, FedEx Ground was named as a defendant in a lawsuit filed in Texas state court related to the alleged kidnapping and first-degree murder of a minor by a driver employed by a service provider engaged by FedEx Ground. The complaint alleges compensatory and punitive damages against FedEx Ground for negligent and gross negligent hiring and retention, as well as negligent entrustment. The service provider and driver are also named as defendants in the lawsuit. An immaterial loss accrual has been recorded in FedEx’s consolidated financial statements. It is reasonably possible that an additional material loss could be incurred. At this stage of the litigation, we cannot estimate the amount or range of such additional loss, if any.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Other Matters</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. 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 “off the clock,” were not paid overtime, or were not provided work breaks or other benefits, as well as other lawsuits containing allegations that FedEx and its subsidiaries are responsible for third-party losses related to vehicle accidents that could exceed our insurance coverage for such losses. 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.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Environmental Matters</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. SEC regulations require us to disclose certain information about proceedings arising under federal, state, or local environmental provisions if we reasonably believe that such proceedings may result in monetary sanctions above a stated threshold. Pursuant to the SEC regulations, FedEx uses a threshold of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">1</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million or more for purposes of determining whether disclosure of any such proceedings is required. Applying this threshold, there are no environmental matters required to be disclosed for this period.</span></p>
CY2022Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
1000000
CY2022Q4 fdx Loss Contingency Punitive Damages Value
LossContingencyPunitiveDamagesValue
365000000
CY2022Q4 fdx Loss Contingency Final Judgement Amount
LossContingencyFinalJudgementAmount
366000000
CY2022Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
1000000
CY2024Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
250000
CY2024Q1 fdx Loss Contingency Punitive Damages Vacated Amount By Court
LossContingencyPunitiveDamagesVacatedAmountByCourt
365000000
CY2024Q3 fdx Environmental Matters Threshold Contingencies
EnvironmentalMattersThresholdContingencies
1000000
CY2024Q3 fdx Aircraft Purchase Obligation With Delivery Due In Second Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInSecondFiscalYear
0
CY2024Q3 fdx Aircraft Purchase Obligation
AircraftPurchaseObligation
53
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
22000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Remainder Of Fiscal Year
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueRemainderOfFiscalYear
2325000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2983000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
30000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Due Next Twelve Months
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueDueNextTwelveMonths
3013000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2675000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
22000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
2697000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2339000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
21000000
CY2024Q3 fdx Lessee Operating Lease And Finance Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLiabilityPaymentsDueYearThree
2360000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1965000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
19000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
1984000000
CY2024Q3 fdx Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
8884000000
CY2024Q3 fdx Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
630000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due After Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
9514000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21149000000
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
744000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Payments Due
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDue
21893000000
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3670000000
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
320000000
CY2024Q3 fdx Lessee Operating Lease And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseAndFinanceLeaseLiabilityUndiscountedExcessAmount
3990000000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17479000000
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
424000000
CY2024Q3 fdx Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
17903000000
CY2024Q3 fdx Lessee Operating And Finance Lease Lease Not Yet Commenced Undiscounted Future Payments
LesseeOperatingAndFinanceLeaseLeaseNotYetCommencedUndiscountedFuturePayments
1100000000
CY2024Q3 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">NOTE 9: </span><span style="text-transform:uppercase;color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Contingencies</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Service Provider Lawsuits</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. Federal Express, as successor to FedEx Ground, is defending against lawsuits in which it is alleged that Federal Express should be treated as an employer or joint employer of drivers employed by service providers engaged by Federal Express. These cases are in varying stages of litigation, and we are not currently able to estimate an amount or range of potential loss in all of these matters. However, we do not expect to incur, individually or in the aggregate, a material loss in these matters. Nevertheless, adverse determinations in these matters could, among other things, entitle service providers’ drivers to certain payments, including wages and penalties, from the service providers and Federal Express and result in employment and withholding tax and benefit liability for Federal Express. We continue to believe that Federal Express is not an employer or joint employer of the drivers of these independent businesses.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">FedEx Services Employment Lawsuit</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. In May 2021, FedEx Services was named as a defendant in a lawsuit filed in the U.S. District Court for the Southern District of Texas related to the termination of a former FedEx Services employee. The complaint alleged race discrimination and retaliation for complaints of discrimination under Section 1981 of the Civil Rights Act of 1866 and Title VII of the Civil Rights Act of 1964. After trial, in October 2022, the jury found in favor of FedEx Services on the race discrimination claims but awarded the plaintiff compensatory damages of approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">1.0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million for emotional distress and punitive damages of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">365</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million for the retaliation claims. The court entered final judgment in the amount of approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">366</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million. FedEx Services appealed the verdict to the U.S. Court of Appeals for the Fifth Circuit. FedEx Services argued on appeal that FedEx Services is entitled to judgment as a matter of law on the retaliation claims, plaintiff’s claims were not timely filed, punitive damages are not available as a matter of law and, if allowed, must be reduced to no greater than a single-digit multiple of the award for compensatory damages based on the United States Supreme Court’s ruling in </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">State Farm v. Campbell</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, and the compensatory damages award must be reduced to conform with the evidence and the Fifth Circuit’s maximum recovery rule. FedEx Services argued in the alternative that a new trial should be granted.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:8pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">In February 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit reduced the jury’s emotional distress award of approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">1.0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million to approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">250,000</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> and vacated the jury’s $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">365</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million award for punitive damages based on its finding that FedEx Services made good faith efforts to comply with the law. In March 2024, the full Fifth Circuit unanimously denied plaintiff’s petition for rehearing. In June 2024, plaintiff petitioned the U.S. Supreme Court for review of the Fifth Circuit’s reduction of the emotional distress award and determination that FedEx Services’s employment agreement provides a reasonable time for filing Section 1981 claims. The petition does not challenge the Fifth’s Circuit’s decision to vacate the punitive damages award. An immaterial loss accrual has been recorded in FedEx’s consolidated financial statements.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">FedEx Ground Negligence Lawsuit.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> In December 2022, FedEx Ground was named as a defendant in a lawsuit filed in Texas state court related to the alleged kidnapping and first-degree murder of a minor by a driver employed by a service provider engaged by FedEx Ground. The complaint alleges compensatory and punitive damages against FedEx Ground for negligent and gross negligent hiring and retention, as well as negligent entrustment. The service provider and driver are also named as defendants in the lawsuit. An immaterial loss accrual has been recorded in FedEx’s consolidated financial statements. It is reasonably possible that an additional material loss could be incurred. At this stage of the litigation, we cannot estimate the amount or range of such additional loss, if any.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Other Matters</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. 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 “off the clock,” were not paid overtime, or were not provided work breaks or other benefits, as well as other lawsuits containing allegations that FedEx and its subsidiaries are responsible for third-party losses related to vehicle accidents that could exceed our insurance coverage for such losses. 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.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Environmental Matters</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. SEC regulations require us to disclose certain information about proceedings arising under federal, state, or local environmental provisions if we reasonably believe that such proceedings may result in monetary sanctions above a stated threshold. Pursuant to the SEC regulations, FedEx uses a threshold of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">1</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million or more for purposes of determining whether disclosure of any such proceedings is required. Applying this threshold, there are no environmental matters required to be disclosed for this period.</span></p>
CY2022Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
1000000
CY2022Q4 fdx Loss Contingency Punitive Damages Value
LossContingencyPunitiveDamagesValue
365000000
CY2022Q4 fdx Loss Contingency Final Judgement Amount
LossContingencyFinalJudgementAmount
366000000
CY2022Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
1000000
CY2024Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
250000
CY2024Q1 fdx Loss Contingency Punitive Damages Vacated Amount By Court
LossContingencyPunitiveDamagesVacatedAmountByCourt
365000000
CY2024Q3 fdx Environmental Matters Threshold Contingencies
EnvironmentalMattersThresholdContingencies
1000000
CY2024Q3 us-gaap Interest Paid Net
InterestPaidNet
158000000
CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
167000000
CY2024Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
75000000
CY2023Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
70000000
CY2024Q3 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
12000000
CY2023Q3 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
77000000
CY2024Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
63000000
CY2023Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-7000000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 us-gaap Interest Paid Net
InterestPaidNet
158000000
CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
167000000
CY2024Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
75000000
CY2023Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
70000000
CY2024Q3 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
12000000
CY2023Q3 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
77000000
CY2024Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
63000000
CY2023Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-7000000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000950170-24-108107-index-headers.html Edgar Link pending
0000950170-24-108107-index.html Edgar Link pending
0000950170-24-108107.txt Edgar Link pending
0000950170-24-108107-xbrl.zip Edgar Link pending
fdx-20240831.htm Edgar Link pending
fdx-20240831.xsd Edgar Link pending
fdx-ex10_1.htm Edgar Link pending
fdx-ex10_2.htm Edgar Link pending
fdx-ex15_1.htm Edgar Link pending
fdx-ex22.htm Edgar Link pending
fdx-ex31_1.htm Edgar Link pending
fdx-ex31_2.htm Edgar Link pending
fdx-ex32_1.htm Edgar Link pending
fdx-ex32_2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img167632985_0.jpg Edgar Link pending
img167632985_1.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
fdx-20240831_htm.xml Edgar Link completed
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending