2011 Q2 Form 10-K Financial Statement

#000119312512303558 Filed on July 16, 2012

View on sec.gov

Income Statement

Concept 2011 Q2 2011 Q1 2010 Q4
Revenue $10.55B $9.663B $9.632B
YoY Change 11.92% 11.06% 12.05%
Cost Of Revenue $2.788B $2.495B $2.328B
YoY Change 27.6% 22.91% 22.59%
Gross Profit $7.764B $7.168B $7.304B
YoY Change 7.19% 7.45% 9.06%
Gross Profit Margin 73.58% 74.18% 75.83%
Selling, General & Admin $4.987B $4.929B $4.880B
YoY Change 4.51% 8.42% 10.23%
% of Gross Profit 64.23% 68.76% 66.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $499.0M $493.0M $502.0M
YoY Change 2.25% 1.02% 3.08%
% of Gross Profit 6.43% 6.88% 6.87%
Operating Expenses $6.875B $6.754B $6.768B
YoY Change 5.3% 7.98% 10.48%
Operating Profit $888.0M $393.0M $469.0M
YoY Change 27.59% -5.53% -17.86%
Interest Expense -$12.00M -$24.00M -$23.00M
YoY Change -36.84% 26.32% 53.33%
% of Operating Profit -1.35% -6.11% -4.9%
Other Income/Expense, Net -$11.00M -$33.00M -$32.00M
YoY Change 120.0% -5.71% 33.33%
Pretax Income $865.0M $360.0M $437.0M
YoY Change 28.72% -5.51% -20.11%
Income Tax $307.0M $129.0M $154.0M
% Of Pretax Income 35.49% 35.83% 35.24%
Net Earnings $558.0M $231.0M $283.0M
YoY Change 33.17% -3.35% -17.97%
Net Earnings / Revenue 5.29% 2.39% 2.94%
Basic Earnings Per Share $1.76 $0.73 $0.90
Diluted Earnings Per Share $1.75 $0.73 $0.89
COMMON SHARES
Basic Shares Outstanding 315.0M shares 314.0M shares
Diluted Shares Outstanding 317.0M shares 316.0M shares

Balance Sheet

Concept 2011 Q2 2011 Q1 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.328B $1.359B $1.877B
YoY Change 19.26% -12.27% 28.12%
Cash & Equivalents $2.328B $1.359B $1.877B
Short-Term Investments
Other Short-Term Assets $939.0M $988.0M $842.0M
YoY Change 20.38% 20.93% 4.34%
Inventory $437.0M $413.0M $400.0M
Prepaid Expenses
Receivables $4.581B $4.478B $4.279B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.285B $7.238B $7.398B
YoY Change 13.74% 8.3% 14.98%
LONG-TERM ASSETS
Property, Plant & Equipment $15.54B $15.33B $15.27B
YoY Change 8.05% 9.46% 9.54%
Goodwill $2.326B $2.321B $2.224B
YoY Change 5.73% 4.13%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.231B $1.315B $1.205B
YoY Change 19.17% -68.62% -39.33%
Total Long-Term Assets $19.10B $18.96B $18.70B
YoY Change 8.41% 4.24% 2.95%
TOTAL ASSETS
Total Short-Term Assets $8.285B $7.238B $7.398B
Total Long-Term Assets $19.10B $18.96B $18.70B
Total Assets $27.39B $26.20B $26.09B
YoY Change 9.97% 5.33% 6.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.702B $1.590B $1.561B
YoY Change 11.83% 6.78% 10.16%
Accrued Expenses $1.894B $1.823B $1.820B
YoY Change 10.44% 11.09% -31.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $18.00M $18.00M $251.0M
YoY Change -93.13% -93.64% 527.5%
Total Short-Term Liabilities $4.882B $4.574B $4.863B
YoY Change 5.1% 4.62% 18.06%
LONG-TERM LIABILITIES
Long-Term Debt $1.667B $1.667B $1.667B
YoY Change -0.06% -0.06% -13.09%
Other Long-Term Liabilities $154.0M $158.0M $156.0M
YoY Change 1.99% 5.33% -95.06%
Total Long-Term Liabilities $154.0M $158.0M $156.0M
YoY Change 1.99% -96.45% -96.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.882B $4.574B $4.863B
Total Long-Term Liabilities $154.0M $158.0M $156.0M
Total Liabilities $5.036B $4.732B $5.019B
YoY Change 5.0% -46.4% -51.86%
SHAREHOLDERS EQUITY
Retained Earnings $15.27B $14.71B $14.52B
YoY Change 9.31% 8.59%
Common Stock $32.00M $31.00M $31.00M
YoY Change 3.23% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.00M $12.00M $12.00M
YoY Change 71.43% 300.0%
Treasury Stock Shares
Shareholders Equity $15.22B $14.88B $14.56B
YoY Change
Total Liabilities & Shareholders Equity $27.39B $26.20B $26.09B
YoY Change 9.97% 5.33% 6.09%

Cashflow Statement

Concept 2011 Q2 2011 Q1 2010 Q4
OPERATING ACTIVITIES
Net Income $558.0M $231.0M $283.0M
YoY Change 33.17% -3.35% -17.97%
Depreciation, Depletion And Amortization $499.0M $493.0M $502.0M
YoY Change 2.25% 1.02% 3.08%
Cash From Operating Activities $1.584B $446.0M $1.215B
YoY Change 28.78% -19.06% 164.71%
INVESTING ACTIVITIES
Capital Expenditures -$731.0M -$644.0M -$1.047B
YoY Change -12.46% 49.07% 56.5%
Acquisitions
YoY Change
Other Investing Activities $96.00M -$88.00M $4.000M
YoY Change 2300.0% 4300.0% -42.86%
Cash From Investing Activities -$635.0M -$732.0M -$1.043B
YoY Change -23.59% 68.66% 57.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.00M -241.0M -18.00M
YoY Change -7.14% 864.0% -86.26%
NET CHANGE
Cash From Operating Activities 1.584B 446.0M 1.215B
Cash From Investing Activities -635.0M -732.0M -1.043B
Cash From Financing Activities 13.00M -241.0M -18.00M
Net Change In Cash 962.0M -527.0M 154.0M
YoY Change 132.93% -672.83% -146.11%
FREE CASH FLOW
Cash From Operating Activities $1.584B $446.0M $1.215B
Capital Expenditures -$731.0M -$644.0M -$1.047B
Free Cash Flow $2.315B $1.090B $2.262B
YoY Change 12.11% 10.89% 100.53%

Facts In Submission

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CY2011 us-gaap Proceeds From Payments For Other Financing Activities
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CY2011 us-gaap Net Cash Provided By Used In Investing Activities
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CY2011 us-gaap Payments To Acquire Productive Assets
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CY2011 us-gaap Net Cash Provided By Used In Operating Activities
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4041000000 USD
CY2011 us-gaap Increase Decrease In Receivables
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-400000000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
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CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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370000000 USD
CY2011 us-gaap Increase Decrease In Other Operating Capital Net
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CY2011 us-gaap Provision For Doubtful Accounts
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152000000 USD
CY2011 fdx Deferred Income Taxes And Other Noncash Items
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669000000 USD
CY2011 us-gaap Share Based Compensation
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98000000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-5000000 USD
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-340000000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
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CY2010 us-gaap Proceeds From Issuance Or Sale Of Equity
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94000000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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25000000 USD
CY2010 us-gaap Payments Of Dividends
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138000000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
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CY2010 us-gaap Payments To Acquire Productive Assets
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2816000000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
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3138000000 USD
CY2010 us-gaap Increase Decrease In Receivables
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-906000000 USD
CY2010 us-gaap Increase Decrease In Other Operating Assets
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276000000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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710000000 USD
CY2010 us-gaap Increase Decrease In Other Operating Capital Net
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CY2010 us-gaap Provision For Doubtful Accounts
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124000000 USD
CY2010 fdx Deferred Income Taxes And Other Noncash Items
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331000000 USD
CY2010 us-gaap Share Based Compensation
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101000000 USD
CY2010Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1952000000 USD
CY2009Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2292000000 USD
CY2012 fdx Increase Decrease In Pension Assets And Liabilities Net
IncreaseDecreaseInPensionAssetsAndLiabilitiesNet
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CY2011 fdx Increase Decrease In Pension Assets And Liabilities Net
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CY2010 fdx Increase Decrease In Pension Assets And Liabilities Net
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CY2012 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
134000000 USD
CY2011 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
29000000 USD
CY2010 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
18000000 USD
CY2012 fdx Proceeds From Asset Dispositions And Other
ProceedsFromAssetDispositionsAndOther
74000000 USD
CY2011 fdx Proceeds From Asset Dispositions And Other
ProceedsFromAssetDispositionsAndOther
111000000 USD
CY2010 fdx Proceeds From Asset Dispositions And Other
ProceedsFromAssetDispositionsAndOther
35000000 USD
CY2012 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
29000000 USD
CY2011 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
262000000 USD
CY2010 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
653000000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
116000000 USD
CY2010 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-20000000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
96000000 USD
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
197000000 USD
CY2009Q2 us-gaap Stockholders Equity
StockholdersEquity
13626000000 USD
CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-25000000 USD
CY2010 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
1042000000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
117000000 USD
CY2010 fdx Purchase Of Treasury Stock
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3000000 USD
CY2010 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
137000000 USD
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-95000000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
2308000000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-371000000 USD
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
164000000 USD
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
239000000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
125000000 USD
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
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235000000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
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1342000000 USD
CY2011 fdx Purchase Of Treasury Stock
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5000000 USD
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
152000000 USD
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
224000000 USD
CY2010Q2 us-gaap Stockholders Equity
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13811000000 USD
CY2012 fdx Purchase Of Treasury Stock
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CY2012 us-gaap Nature Of Operations
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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">DESCRIPTION OF BUSINESS.</font><font style="font-family:Times New Roman;font-size:11pt;"> FedEx Corporation (&#8220;FedEx&#8221;) provides a broad portfolio of transportation, e-commerce and business services through companies com</font><font style="font-family:Times New Roman;font-size:11pt;">peting collectively, operating independently and managed collaboratively, under the respected FedEx brand. </font><font style="font-family:Times New Roman;font-size:11pt;">Our primary operating companies </font><font style="font-family:Times New Roman;font-size:11pt;">are</font><font style="font-family:Times New Roman;font-size:11pt;"> Federal Express Corporation (&#8220;FedEx Express&#8221;), the world's largest express transportation company; FedEx Ground Package System, Inc. (&#8220;FedEx Ground&#8221;), a leading </font><font style="font-family:Times New Roman;font-size:11pt;">North American </font><font style="font-family:Times New Roman;font-size:11pt;">provider of small-package ground delivery services; </font><font style="font-family:Times New Roman;font-size:11pt;">and FedEx Freight, Inc. (</font><font style="font-family:Times New Roman;font-size:11pt;">&#8220;FedEx Freight&#8221;), a leading North American</font><font style="font-family:Times New Roman;font-size:11pt;"> p</font><font style="font-family:Times New Roman;font-size:11pt;">rovider of </font><font style="font-family:Times New Roman;font-size:11pt;">less-than-truckload (&#8220;</font><font style="font-family:Times New Roman;font-size:11pt;">LTL</font><font style="font-family:Times New Roman;font-size:11pt;">&#8221;)</font><font style="font-family:Times New Roman;font-size:11pt;"> freight services</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">These companies represent our major service lines and, along with FedEx Corporate Services, Inc. (&#8220;FedEx Services&#8221;), form the core of our reportable segments. Our FedEx Services segment provides sales, marketing</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> information technology</font><font style="font-family:Times New Roman;font-size:11pt;">, communications and back-office</font><font style="font-family:Times New Roman;font-size:11pt;"> support to our transportation segments. In addition, the FedEx Services segment provides customers with retail access to FedEx Express and FedEx Ground shipping services through FedEx Office and Print Services, Inc. (&#8220;FedEx Office&#8221;) and provides customer service, technical support and billing and collection services through FedEx TechConnect, Inc. (&#8220;FedEx </font><font style="font-family:Times New Roman;font-size:11pt;">TechConnect&#8221;).</font></p>
CY2012 us-gaap Fiscal Period
FiscalPeriod
<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">FISCAL YEARS</font><font style="font-family:Times New Roman;font-size:11pt;">. Except as otherwise specified, references to years indicate our </font><font style="font-family:Times New Roman;font-size:11pt;">fiscal year ended</font><font style="font-family:Times New Roman;font-size:11pt;"> May 31, </font><font style="font-family:Times New Roman;font-size:11pt;">2012</font><font style="font-family:Times New Roman;font-size:11pt;"> or ended May 31 of the year referenced.</font></p>
CY2012 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
70
CY2010Q2 fdx International Noncurrent Assets
InternationalNoncurrentAssets
1529000000 USD
CY2012 us-gaap Advertising Cost Policy Expensed Advertising Cost
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<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">ADVERTISING.</font><font style="font-family:Times New Roman;font-size:11pt;"> Advertising and promotion costs are </font><font style="font-family:Times New Roman;font-size:11pt;">expensed as incurred and are classified in other operating expenses. Advertising and promotion expenses </font><font style="font-family:Times New Roman;font-size:11pt;">were $</font><font style="font-family:Times New Roman;font-size:11pt;">421 </font><font style="font-family:Times New Roman;font-size:11pt;">million in </font><font style="font-family:Times New Roman;font-size:11pt;">2012</font><font style="font-family:Times New Roman;font-size:11pt;">, $</font><font style="font-family:Times New Roman;font-size:11pt;">375</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;"> and $</font><font style="font-family:Times New Roman;font-size:11pt;">374</font><font style="font-family:Times New Roman;font-size:11pt;"> million in </font><font style="font-family:Times New Roman;font-size:11pt;">2010</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p>
CY2012 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
421000000 USD
CY2011 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
375000000 USD
CY2010 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
374000000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
85000000 USD
CY2011 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
71000000 USD
CY2010 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
80000000 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
60000000 USD
CY2011Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
156000000 USD
CY2010Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
30000000 USD
CY2012 fdx Depreciable Life Range For Majority Of Aircraft Costs
DepreciableLifeRangeForMajorityOfAircraftCosts
15 to 30 years
CY2012Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.14
CY2011 fdx Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Year End
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxYearEnd
350000000 USD
CY2012 fdx Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Year End
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxYearEnd
2400000000 USD
CY2012Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
2900000 shares
CY2012Q2 fdx Number Of Shares Repurchased
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2800000 shares
CY2011 us-gaap Restructuring Charges
RestructuringCharges
133000000 USD
CY2011 fdx Freight Segment Restructuring Settlement And Impairment Provisions
FreightSegmentRestructuringSettlementAndImpairmentProvisions
89000000 USD
CY2011 us-gaap Other Restructuring Costs
OtherRestructuringCosts
44000000 USD
CY2012 us-gaap Depreciation
Depreciation
2100000000 USD
CY2011 us-gaap Depreciation
Depreciation
1900000000 USD
CY2010 us-gaap Depreciation
Depreciation
1900000000 USD
CY2012 fdx Asset Impairments Net Of Tax
AssetImpairmentsNetOfTax
84000000 USD
CY2012Q2 fdx Asset Impairments Eps Impact
AssetImpairmentsEpsImpact
0.26
CY2012Q2 fdx Number Of Impaired Boeing Aircraft
NumberOfImpairedBoeingAircraft
6
CY2012Q2 fdx Number Of Impaired Airbus Aircraft Engines
NumberOfImpairedAirbusAircraftEngines
26
CY2012Q2 fdx Number Of Impaired Boeing Aircraft Engines
NumberOfImpairedBoeingAircraftEngines
17
CY2012Q2 fdx Number Of Impaired Airbus Aircraft
NumberOfImpairedAirbusAircraft
18
CY2012 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
134000000 USD
CY2011 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
29000000 USD
CY2012Q2 fdx Aircraft With Shortened Depreciable Lives
AircraftWithShortenedDepreciableLives
54
CY2012 fdx Projected Accelerated Depreciation
ProjectedAcceleratedDepreciation
69000000 USD
CY2012 us-gaap Use Of Estimates
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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">USE OF ESTIMATES</font><font style="font-family:Times New Roman;font-size:11pt;">. The preparation of our consolidated financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses and the disclosure of contingent liabilities. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include: self-insurance accruals; retirement plan obligations; long-term incentive accruals; tax liabilities; accounts receivable allowances; obsolescence of spare parts; contingent liabilities; loss contingencies, such as litigation and other claims; and impairment assessments on long-lived assets (including goodwill).</font></p>
CY2011Q2 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
15538000000 USD
CY2012Q2 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
22185000000 USD
CY2012 fdx Dividends Declared Per Common Share
DividendsDeclaredPerCommonShare
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;margin-left:0px;">DIVIDENDS DECLARED PER COMMON SHARE</font><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;">.</font><font style="font-family:Times New Roman;font-size:11pt;"> On June 4, 2012</font><font style="font-family:Times New Roman;font-size:11pt;">, our Board of Directors declar</font><font style="font-family:Times New Roman;font-size:11pt;">ed a quarterly dividend of $0.14</font><font style="font-family:Times New Roman;font-size:11pt;"> per share of common stock. </font><font style="font-family:Times New Roman;font-size:11pt;"> The dividend was paid on July 2, 2012</font><font style="font-family:Times New Roman;font-size:11pt;"> to stockholders of record as of the cl</font><font style="font-family:Times New Roman;font-size:11pt;">ose of business on June 18, 2012</font><font style="font-family:Times New Roman;font-size:11pt;">. Each quarterly</font><font style="font-family:Times New Roman;font-size:11pt;"> dividend payment is subject to review and approval by our Board of Directors, and we evaluate our dividend payment amount on an annual basis at the end of each fiscal year.</font></p>
CY2012 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Description
NewAccountingPronouncementOrChangeInAccountingPrincipleDescription
NOTE 2: RECENT ACCOUNTING GUIDANCE New accounting rules and disclosure requirements can significantly impact our reported results and the comparability of our financial statements. We believe the following new accounting guidance is relevant to the readers of our financial statements. During our fiscal year, the Financial Accounting Standards Board issued new guidance to make the presentation of items within OCI more prominent. The new standard will require companies to present items of net income, items of OCI and total comprehensive income in one continuous statement or two separate consecutive statements, and companies will no longer be allowed to present items of OCI in the statement of stockholders&#8217; equity. This new standard is effective for our fiscal year ending May 31, 2013. We believe there is no additional new accounting guidance adopted but not yet effective that is relevant to the readers of our financial statements. However, there are numerous new proposals under development which, if and when enacted, may have a significant impact on our financial reporting.
CY2010Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1310000000 USD
CY2010Q2 us-gaap Goodwill
Goodwill
2200000000 USD
CY2010Q2 us-gaap Goodwill Gross
GoodwillGross
3510000000 USD
CY2011 us-gaap Goodwill Acquired During Period
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89000000 USD
CY2011 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
37000000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
104000000 USD
CY2012 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-43000000 USD
CY2012Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1310000000 USD
CY2010 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
18000000 USD
CY2012 us-gaap Finite Lived Intangible Assets Amortization Expense
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18000000 USD
CY2011 us-gaap Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
32000000 USD
CY2010 us-gaap Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
51000000 USD
CY2012Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
34000000 USD
CY2011Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38000000 USD
CY2012Q2 us-gaap Accrued Salaries Current
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280000000 USD
CY2011Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
256000000 USD
CY2012Q2 us-gaap Accrued Employee Benefits Current
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803000000 USD
CY2011Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
468000000 USD
CY2012Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
552000000 USD
CY2011Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
544000000 USD
CY2011Q2 us-gaap Long Term Debt Fair Value
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1900000000 USD
CY2012Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
678000000 USD
CY2011Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
696000000 USD
CY2012Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
386000000 USD
CY2011Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
357000000 USD
CY2012Q2 us-gaap Other Accrued Liabilities Current
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645000000 USD
CY2011Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
841000000 USD
CY2012Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000 USD
CY2012Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1000000000 USD
CY2012 fdx Line Of Credit Facility Covenant Terms Leverage Ratio
LineOfCreditFacilityCovenantTermsLeverageRatio
53%
CY2012Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1500000000 USD
CY2011Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1500000000 USD
CY2012Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2000000000 USD
CY2012Q2 fdx Letters Of Credit Outstanding
LettersOfCreditOutstanding
609000000 USD
CY2012Q2 fdx Unused Portion Of Letter Of Credit Facility
UnusedPortionOfLetterOfCreditFacility
107000000 USD
CY2012Q2 fdx Letter Of Credit Maximum Facility
LetterOfCreditMaximumFacility
500000000 USD
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
29000000 USD
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
12000000 USD
CY2012Q2 fdx Surety Bonds Placed
SuretyBondsPlaced
458000000 USD
CY2012 us-gaap Line Of Credit Facility Expiration Date
LineOfCreditFacilityExpirationDate
April 2016
CY2011Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
146000000 USD
CY2011Q2 us-gaap Unsecured Long Term Debt
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1539000000 USD
CY2011Q2 fdx Total Debt And Capital Lease Obligations
TotalDebtAndCapitalLeaseObligations
1685000000 USD
CY2012Q2 fdx Total Debt And Capital Lease Obligations
TotalDebtAndCapitalLeaseObligations
1667000000 USD
CY2012Q2 us-gaap Capital Lease Obligations
CapitalLeaseObligations
128000000 USD
CY2012Q2 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
1539000000 USD
CY2012Q2 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
335000000 USD
CY2011Q2 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
335000000 USD
CY2012Q2 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
319000000 USD
CY2011Q2 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
307000000 USD
CY2012Q2 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
16000000 USD
CY2011Q2 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
28000000 USD
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2018000000 USD
CY2011 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2025000000 USD
CY2010 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2001000000 USD
CY2012 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
210000000 USD
CY2011 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
193000000 USD
CY2010 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
152000000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2228000000 USD
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2218000000 USD
CY2010 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2153000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
120000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
2000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
2000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
1000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
1000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
11000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
137000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
9000000 USD
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
128000000 USD
CY2012Q2 fdx Percentage Total Aircraft Fleet Leased
PercentageTotalAircraftFleetLeased
0.10
CY2011Q2 fdx Percentage Total Aircraft Fleet Leased
PercentageTotalAircraftFleetLeased
0.11
CY2012Q2 fdx Weighted Average Remaining Lease Term Operating
WeightedAverageRemainingLeaseTermOperating
6 years
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1872000000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1725000000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1572000000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1391000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
67000000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
80000000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
13986000000 USD
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000 shares
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
101000000 USD
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
98000000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
105000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Black-Scholes
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
77000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
29.92
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
28.12
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.47
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
6.0
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
5.9
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
5.7
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermMaximum
10
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod
1 to 4 years
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Expiration Dating
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardExpirationDating
ratably over 4 years
CY2012 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestingPeriod
0.83
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.34
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0179
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00563
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.34
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00558
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0236
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.32
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0324
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00742
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
59.73
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
84.70
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
193000000 USD
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
81.20
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
87.90
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
84.39
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
87.59
CY2012Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageExercisePrice
78.53
CY2012Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
5.6
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
4.2
CY2012 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingWeightedAverageRemainingContractualTerm
8.2
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20163163 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
3303368 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2142410 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
292583 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
21031538 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
13608746 shares
CY2012Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingNumber
6977189 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
8912829 shares
CY2012Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
115000000 USD
CY2012 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpectedToVestOutstandingAggregateIntrinsicValue
73000000 USD
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
73.20
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
88.95
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
76.79
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
626380 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
214435 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
248413 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2530 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
589872 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
235998 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
391786 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
78.74
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
57.07
CY2010 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
486000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
78.25
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1182000000 USD
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue
74.98
CY2012Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
150000000 USD
CY2012Q2 fdx Ratio Of Outstanding And Available To Grant Shares To Total Outstanding Common And Equity Compensation Shares And Equity Compensation Shares Available For Grant
RatioOfOutstandingAndAvailableToGrantSharesToTotalOutstandingCommonAndEquityCompensationSharesAndEquityCompensationSharesAvailableForGrant
0.09
CY2010 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares
2296211 shares
CY2011 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares
2721602 shares
CY2012 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateNumberOfShares
2807809 shares
CY2010Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
63000000 USD
CY2011Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
67000000 USD
CY2012Q2 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageGrantDateFairValue
70000000 USD
CY2012 fdx Share Based Compensation Arrangement By Share Based Payment Award Remaining Weighted Average Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardRemainingWeightedAverageVestingPeriod
3 years
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2029000000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1449000000 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315000000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315000000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
312000000 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2010 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317000000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317000000 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
314000000 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12600000 shares
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9300000 shares
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11500000 shares
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2029000000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1449000000 USD
CY2010 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1182000000 USD
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
408000000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
21000000 USD
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
12000000 USD
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
15000000 USD
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9000000 USD
CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-10000000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-120000000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
79000000 USD
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
36000000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
80000000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
48000000 USD
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
54000000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
181000000 USD
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
198000000 USD
CY2010 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
207000000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
141000000 USD
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
325000000 USD
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
297000000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
947000000 USD
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
485000000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
968000000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
488000000 USD
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
413000000 USD
CY2012 fdx Earnings From Foreign Operations
EarningsFromForeignOperations
358000000 USD
CY2011 fdx Earnings From Foreign Operations
EarningsFromForeignOperations
472000000 USD
CY2010 fdx Earnings From Foreign Operations
EarningsFromForeignOperations
555000000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.018
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.353
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.008
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.359
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.017
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.375
CY2012Q2 fdx Deferred Tax Assets Property Equipment Leases And Intangibles
DeferredTaxAssetsPropertyEquipmentLeasesAndIntangibles
248000000 USD
CY2011Q2 fdx Deferred Tax Assets Property Equipment Leases And Intangibles
DeferredTaxAssetsPropertyEquipmentLeasesAndIntangibles
274000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
2300000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
1016000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
495000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
519000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
338000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
422000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
179000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
172000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
145000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
151000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3415000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2252000000 USD
CY2012Q2 fdx Deferred Tax Liabilities Property Equipment Leases And Intangibles
DeferredTaxLiabilitiesPropertyEquipmentLeasesAndIntangibles
3436000000 USD
CY2011Q2 fdx Deferred Tax Liabilities Property Equipment Leases And Intangibles
DeferredTaxLiabilitiesPropertyEquipmentLeasesAndIntangibles
2675000000 USD
CY2012Q2 fdx Deferred Tax Liabilities Employee Benefits
DeferredTaxLiabilitiesEmployeeBenefits
11000000 USD
CY2011Q2 fdx Deferred Tax Liabilities Employee Benefits
DeferredTaxLiabilitiesEmployeeBenefits
34000000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
271000000 USD
CY2011Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
269000000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3718000000 USD
CY2011Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2978000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-303000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-726000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
533000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
610000000 USD
CY2012Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-836000000 USD
CY2011Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-1336000000 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4000000 USD
CY2011 fdx Unremitted Earnings Of Foreign Subsidiaries
UnremittedEarningsOfForeignSubsidiaries
640000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3000000 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
11000000 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3000000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
47000000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
56000000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
51000000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
29000000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
18000000 USD
CY2009Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
72000000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
69000000 USD
CY2010Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
82000000 USD
CY2012 fdx Permanent Reinvestment Strategy Percent Benefit To Effective Tax Rate
PermanentReinvestmentStrategyPercentBenefitToEffectiveTaxRate
0.013
CY2012 fdx Unremitted Earnings Of Foreign Subsidiaries
UnremittedEarningsOfForeignSubsidiaries
1000000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2000000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2000000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4000000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
6000000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
14000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
35000000 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
10000000 USD
CY2012Q2 fdx Cash In Offshore Jurisdictions
CashInOffshoreJurisdictions
410000000 USD
CY2011Q2 fdx Cash In Offshore Jurisdictions
CashInOffshoreJurisdictions
300000000 USD
CY2012 fdx Unrecognized Tax Benefits Increases Resulting From Acquisitions
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisitions
15000000 USD
CY2012 fdx Unrecognized Tax Benefits Changes Resulting From Currency Translation
UnrecognizedTaxBenefitsChangesResultingFromCurrencyTranslation
-1000000 USD
CY2012 fdx Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
524000000 USD
CY2011 fdx Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
543000000 USD
CY2010 fdx Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
308000000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
338000000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
257000000 USD
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
136000000 USD
CY2012 fdx Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
70000000 USD
CY2011 fdx Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
60000000 USD
CY2010 fdx Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
42000000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
932000000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
860000000 USD
CY2011Q2 fdx Defined Benefit Plan Funded Status Where Projected Obligation Exceeds Fair Value Of Assets
DefinedBenefitPlanFundedStatusWhereProjectedObligationExceedsFairValueOfAssets
-1531000000 USD
CY2012Q2 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
17333000000 USD
CY2012Q2 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Benefit Obligation
DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation
22187000000 USD
CY2011Q2 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Benefit Obligation
DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation
17346000000 USD
CY2012Q2 fdx Defined Benefit Plan Funded Status Where Projected Obligation Exceeds Fair Value Of Assets
DefinedBenefitPlanFundedStatusWhereProjectedObligationExceedsFairValueOfAssets
-4853000000 USD
CY2012 fdx Defined Benefit Plan Assets Actual Rate Of Return For Fifteen Year Period
DefinedBenefitPlanAssetsActualRateOfReturnForFifteenYearPeriod
0.0740
CY2012 fdx Defined Benefit Plan Assets Estimated Long Term Rate Of Return Next Year
DefinedBenefitPlanAssetsEstimatedLongTermRateOfReturnNextYear
0.0800
CY2012Q2 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
17334000000 USD
CY2011Q2 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
15815000000 USD
CY2011Q2 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
17014000000 USD
CY2010 fdx United States Revenue
UnitedStatesRevenue
24852000000 USD
CY2012Q2 fdx Defined Benefit Plan Funded Status Where Accumulated Obligation Exceeds Fair Value Of Assets
DefinedBenefitPlanFundedStatusWhereAccumulatedObligationExceedsFairValueOfAssets
-4852000000 USD
CY2011Q2 fdx Defined Benefit Plan Funded Status Where Accumulated Obligation Exceeds Fair Value Of Assets
DefinedBenefitPlanFundedStatusWhereAccumulatedObligationExceedsFairValueOfAssets
-1476000000 USD
CY2012Q2 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
21555000000 USD
CY2011Q2 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
16530000000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
990000000 USD
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2011 fdx Required Pension Plans Contributions By Employer
RequiredPensionPlansContributionsByEmployer
359000000 USD
CY2012 fdx Required Pension Plans Contributions By Employer
RequiredPensionPlansContributionsByEmployer
496000000 USD
CY2012 fdx Voluntary Pension Plans Contributions By Employer
VoluntaryPensionPlansContributionsByEmployer
226000000 USD
CY2011 fdx Voluntary Pension Plans Contributions By Employer
VoluntaryPensionPlansContributionsByEmployer
121000000 USD
CY2012 fdx Defined Benefit Plan Us Contributions By Employer
DefinedBenefitPlanUSContributionsByEmployer
722000000 USD
CY2011 fdx Defined Benefit Plan Us Contributions By Employer
DefinedBenefitPlanUSContributionsByEmployer
480000000 USD
CY2012 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.08
CY2012 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.045
CY2012Q2 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2029
CY2012 fdx Defined Benefit Plan Dental Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanDentalCareCostTrendRateAssumedForNextFiscalYear
0.069
CY2012 fdx Defined Benefit Plan Ultimate Dental Care Cost Trend Rate
DefinedBenefitPlanUltimateDentalCareCostTrendRate
0.045
CY2012Q2 fdx Defined Benefit Plan Year That Dental Care Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatDentalCareRateReachesUltimateTrendRate
2029
CY2012 fdx United States Revenue
UnitedStatesRevenue
29837000000 USD
CY2012Q2 fdx United States Noncurrent Assets
UnitedStatesNoncurrentAssets
18874000000 USD
CY2012Q2 fdx International Noncurrent Assets
InternationalNoncurrentAssets
1973000000 USD
CY2012Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
20847000000 USD
CY2010Q2 fdx United States Noncurrent Assets
UnitedStatesNoncurrentAssets
16089000000 USD
CY2010Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
17618000000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
963000000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
1061000000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
5300000000 USD
CY2012Q2 fdx Deposit And Progress Payments
DepositAndProgressPayments
661000000 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
52000000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
93000000 USD
CY2010 us-gaap Interest Paid Net
InterestPaidNet
88000000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
403000000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
493000000 USD
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
322000000 USD
CY2012 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
146000000 USD
CY2011 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
106000000 USD
CY2010 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
279000000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
257000000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
387000000 USD
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43000000 USD
CY2012Q2 fdx Guaranteed Principal Amount Of Special Facility Revenue Bonds
GuaranteedPrincipalAmountOfSpecialFacilityRevenueBonds
667000000 USD
CY2012Q2 fdx Future Principal And Interest Payments For Special Facility Revenue Bonds
FuturePrincipalAndInterestPaymentsForSpecialFacilityRevenueBonds
852000000 USD
CY2012Q2 fdx Portion Of Guaranteed Principal Included In Capital Lease Obligations
PortionOfGuaranteedPrincipalIncludedInCapitalLeaseObligations
116000000 USD
CY2012Q2 fdx Portion Of Guaranteed Principal Accounted For As Operating Leases
PortionOfGuaranteedPrincipalAccountedForAsOperatingLeases
551000000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
1814000000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
749000000 USD
CY2012Q2 fdx Quarterly Pensions Contributions Remaining
QuarterlyPensionsContributionsRemaining
550000000 USD
CY2012 fdx Remaining Conditional Aircraft Commitments
RemainingConditionalAircraftCommitments
13
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
737000000 USD
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2012Q2 fdx Aircraft Purchase Obligation With Delivery Within Fiscal Year
AircraftPurchaseObligationWithDeliveryWithinFiscalYear
14
CY2012Q2 fdx Aircraft Purchase Obligation With Delivery Due In Second Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInSecondFiscalYear
5
CY2012Q2 fdx Aircraft Purchase Obligation With Delivery Due In Third Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInThirdFiscalYear
8
CY2012Q2 fdx Aircraft Purchase Obligation With Delivery Due In Fourth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFourthFiscalYear
8
CY2012Q2 fdx Aircraft Purchase Obligation With Delivery Due In Fifth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFifthFiscalYear
8
CY2012Q2 fdx Aircraft Purchase Obligation With Delivery Due After Fifth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueAfterFifthFiscalYear
22
CY2012Q2 fdx Aircraft Purchase Obligation
AircraftPurchaseObligation
65
CY2012 fdx Related Party Ownership Interest
RelatedPartyOwnershipInterest
0.1
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
780000000 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
813000000 USD
CY2010Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
628000000 USD
CY2010Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
469000000 USD
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
393000000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
888000000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
464000000 USD
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
497000000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
521000000 USD
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
380000000 USD
CY2010Q4 us-gaap Net Income Loss
NetIncomeLoss
283000000 USD
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
231000000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
558000000 USD
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.57
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.74
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.76
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.46
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.57
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.75
CY2011Q3 us-gaap Revenues
Revenues
10521000000 USD
CY2011Q4 us-gaap Revenues
Revenues
10587000000 USD
CY2012Q1 us-gaap Revenues
Revenues
10564000000 USD
CY2010Q3 us-gaap Revenues
Revenues
9457000000 USD
CY2010Q4 us-gaap Revenues
Revenues
9632000000 USD
CY2011Q1 us-gaap Revenues
Revenues
9663000000 USD
CY2011Q2 us-gaap Revenues
Revenues
10552000000 USD
CY2012Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
134000000 USD
CY2012Q1 fdx Loss Contingency Reserve Reversal
LossContingencyReserveReversal
66000000 USD
CY2010Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
66000000 USD
CY2010Q4 us-gaap Restructuring Charges
RestructuringCharges
86000000 USD
CY2011Q1 us-gaap Restructuring Charges
RestructuringCharges
43000000 USD
CY2012Q2 us-gaap Revenues
Revenues
11008000000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
856000000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
550000000 USD
CY2012Q2 fdx Number Of Impaired Aircraft
NumberOfImpairedAircraft
24
CY2012Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1000000000 USD
CY2012Q2 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
976000000 USD
CY2012Q2 us-gaap Other Liabilities
OtherLiabilities
7716000000 USD
CY2011Q2 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
766000000 USD
CY2011Q2 us-gaap Other Liabilities
OtherLiabilities
4280000000 USD
CY2011 fdx Interest Net
InterestNet
-77000000 USD
CY2012 fdx Interest Net
InterestNet
-39000000 USD
CY2010 fdx Interest Net
InterestNet
-71000000 USD

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