2018 Q1 Form 10-Q Financial Statement
#000156459018006410 Filed on March 21, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | $16.53B | $15.00B |
| YoY Change | 10.2% | 18.52% |
| Cost Of Revenue | $3.935B | $4.233B |
| YoY Change | -7.04% | 33.96% |
| Gross Profit | $12.59B | $10.76B |
| YoY Change | 16.97% | 13.38% |
| Gross Profit Margin | 76.19% | 71.77% |
| Selling, General & Admin | $7.625B | $6.817B |
| YoY Change | 11.85% | 14.38% |
| % of Gross Profit | 60.56% | 63.33% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $786.0M | $762.0M |
| YoY Change | 3.15% | 14.93% |
| % of Gross Profit | 6.24% | 7.08% |
| Operating Expenses | $10.82B | $9.739B |
| YoY Change | 11.09% | -17.4% |
| Operating Profit | $858.0M | $1.025B |
| YoY Change | -16.29% | 18.63% |
| Interest Expense | -$125.0M | -$122.0M |
| YoY Change | 2.46% | 50.62% |
| % of Operating Profit | -14.57% | -11.9% |
| Other Income/Expense, Net | $16.00M | -$126.0M |
| YoY Change | -112.7% | 53.66% |
| Pretax Income | $874.0M | $899.0M |
| YoY Change | -2.78% | 14.96% |
| Income Tax | -$1.200B | $337.0M |
| % Of Pretax Income | -137.3% | 37.49% |
| Net Earnings | $2.074B | $562.0M |
| YoY Change | 269.04% | 10.85% |
| Net Earnings / Revenue | 12.55% | 3.75% |
| Basic Earnings Per Share | $7.74 | $2.11 |
| Diluted Earnings Per Share | $7.59 | $2.07 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 268.0M | 266.0M |
| Diluted Shares Outstanding | 273.0M | 271.0M |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.789B | $3.173B |
| YoY Change | -12.1% | 11.69% |
| Cash & Equivalents | $2.789B | $3.173B |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.592B | $820.0M |
| YoY Change | 94.15% | -36.24% |
| Inventory | $523.0M | $527.0M |
| Prepaid Expenses | ||
| Receivables | $8.671B | $7.418B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $13.58B | $11.94B |
| YoY Change | 13.71% | 16.62% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $27.70B | $25.61B |
| YoY Change | 8.14% | 13.57% |
| Goodwill | $7.464B | $7.000B |
| YoY Change | 6.63% | |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $3.115B | $2.230B |
| YoY Change | 39.69% | 76.15% |
| Total Long-Term Assets | $38.28B | $34.84B |
| YoY Change | 9.85% | 26.33% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $13.58B | $11.94B |
| Total Long-Term Assets | $38.28B | $34.84B |
| Total Assets | $51.85B | $46.78B |
| YoY Change | 10.84% | 23.7% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.102B | $2.707B |
| YoY Change | 14.59% | 33.75% |
| Accrued Expenses | $2.893B | $3.008B |
| YoY Change | -3.82% | -22.95% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $799.0M | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $764.0M | $45.00M |
| YoY Change | 1597.78% | 309.09% |
| Total Short-Term Liabilities | $9.503B | $7.450B |
| YoY Change | 27.56% | 25.44% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $16.02B | $14.71B |
| YoY Change | 8.86% | 73.56% |
| Other Long-Term Liabilities | $484.0M | $491.0M |
| YoY Change | -1.43% | -93.02% |
| Total Long-Term Liabilities | $484.0M | $491.0M |
| YoY Change | -1.43% | -96.83% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $9.503B | $7.450B |
| Total Long-Term Liabilities | $484.0M | $491.0M |
| Total Liabilities | $9.987B | $7.941B |
| YoY Change | 25.77% | -66.2% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $23.71B | $19.83B |
| YoY Change | 19.57% | |
| Common Stock | $3.117B | $3.008B |
| YoY Change | 3.62% | 4.84% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $7.576B | $7.320B |
| YoY Change | 3.5% | |
| Treasury Stock Shares | ||
| Shareholders Equity | $18.89B | $15.18B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $51.85B | $46.78B |
| YoY Change | 10.84% | 23.7% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $2.074B | $562.0M |
| YoY Change | 269.04% | 10.85% |
| Depreciation, Depletion And Amortization | $786.0M | $762.0M |
| YoY Change | 3.15% | 14.93% |
| Cash From Operating Activities | -$336.0M | $10.00M |
| YoY Change | -3460.0% | -99.25% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.373B | -$1.109B |
| YoY Change | 23.81% | 9.05% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $9.000M | $23.00M |
| YoY Change | -60.87% | -291.67% |
| Cash From Investing Activities | -$1.364B | -$1.086B |
| YoY Change | 25.6% | 5.54% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $288.0M | $24.00M |
| YoY Change | 1100.0% | -97.6% |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.685B | 1.162B |
| YoY Change | 45.01% | -206.22% |
| NET CHANGE | ||
| Cash From Operating Activities | -336.0M | 10.00M |
| Cash From Investing Activities | -1.364B | -1.086B |
| Cash From Financing Activities | 1.685B | 1.162B |
| Net Change In Cash | -15.00M | 86.00M |
| YoY Change | -117.44% | -111.01% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$336.0M | $10.00M |
| Capital Expenditures | -$1.373B | -$1.109B |
| Free Cash Flow | $1.037B | $1.119B |
| YoY Change | -7.33% | -52.56% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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Deferred Tax Liabilities Gross Noncurrent
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Common Stock Value
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Additional Paid In Capital Common Stock
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Retained Earnings Accumulated Deficit
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Long Term Debt And Capital Lease Obligations Current
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Retained Earnings Accumulated Deficit
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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Accounts Payable Current
AccountsPayableCurrent
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2752000000 | |
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Accrued Liabilities Current
AccruedLiabilitiesCurrent
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3230000000 | |
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Short Term Borrowings
ShortTermBorrowings
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Liabilities Current
LiabilitiesCurrent
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Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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Self Insurance Accruals Noncurrent
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Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
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Sale Leaseback Transaction Deferred Gain Net
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137000000 | |
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Other Liabilities Noncurrent
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484000000 | |
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Other Liabilities Noncurrent
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518000000 | |
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Liabilities Other Than Longterm Debt Noncurrent
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Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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Liabilities Other Than Longterm Debt Noncurrent
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Additional Paid In Capital Common Stock
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Spare Parts Supplies And Fuel Less Allowances
SparePartsSuppliesAndFuelLessAllowances
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523000000 | |
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Allowances For Spare Parts Supplies And Fuel
AllowancesForSparePartsSuppliesAndFuel
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258000000 | |
| CY2017Q2 | fdx |
Allowances For Spare Parts Supplies And Fuel
AllowancesForSparePartsSuppliesAndFuel
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237000000 | |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.10 | |
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Cash And Cash Equivalents At Carrying Value
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Prepaid Expense And Other Assets Current
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1592000000 | |
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Cash And Cash Equivalents At Carrying Value
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Receivables Net Current
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Prepaid Expense And Other Assets Current
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Assets Current
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Receivables Net Current
ReceivablesNetCurrent
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7599000000 | |
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Entity Filer Category
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Large Accelerated Filer | ||
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Trading Symbol
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FDX | ||
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Assets Current
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Commitments And Contingencies
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Commitments And Contingencies
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Common Stock Value
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Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
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Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
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Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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Aircraft Purchase Obligation
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Self Insurance Accruals Noncurrent
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Property Plant And Equipment Net
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Goodwill
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Deferred Rent Credit Noncurrent
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532000000 | |
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Assets
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Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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Common Stock Shares Issued
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Employee Related Liabilities Current
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Common Stock Shares Authorized
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Long Term Debt And Capital Lease Obligations Current
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Accrued Liabilities Current
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Long Term Debt And Capital Lease Obligations
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Deferred Tax Liabilities Gross Noncurrent
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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26680000000 | |
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Allowance For Doubtful Accounts Receivable Current
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252000000 | |
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Property Plant And Equipment Gross
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Liabilities And Stockholders Equity
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48552000000 | |
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Spare Parts Supplies And Fuel Less Allowances
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Common Stock Par Or Stated Value Per Share
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0.10 | |
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Common Stock Shares Authorized
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800000000 | |
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Treasury Stock Value
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Treasury Stock Value
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7382000000 | |
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Stockholders Equity
StockholdersEquity
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18894000000 | |
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Stockholders Equity
StockholdersEquity
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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51851000000 | |
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Proceeds From Issuance Of Long Term Debt
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1481000000 | ||
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Proceeds From Issuance Of Long Term Debt
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1190000000 | ||
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Proceeds From Issuance Or Sale Of Equity
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Payments For Repurchase Of Common Stock
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Payments For Repurchase Of Common Stock
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358000000 | ||
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Proceeds From Payments For Other Financing Activities
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Payments For Proceeds From Asset Dispositions And Other
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Repayments Of Long Term Debt And Capital Securities
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49000000 | ||
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Spare Parts Supplies Fuel Prepaid Expenses And Other Net
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2115000000 | |
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Loss Contingency Disclosures
LossContingencyDisclosures
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<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(9) <font style="text-decoration:underline;">Contingencies</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Independent Contractor — Lawsuits and Administrative Proceedings.<font style="font-style:normal;"> FedEx Ground is involved in lawsuits and administrative proceedings claiming that owner-operators engaged under a contractor model no longer in use should have been treated as employees of FedEx Ground, rather than independent contractors. In addition, we are defending joint-employer cases where it is alleged that FedEx Ground should be treated as an employer of the drivers employed by owner-operators engaged by FedEx Ground. 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 matters related to owner-operators engaged by FedEx Ground could, among other things, entitle certain owner-operators to the reimbursement of certain expenses, and their drivers to the benefit of wage-and-hour laws, and result in employment and withholding tax and benefit liability for FedEx Ground. We believe that owner-operators engaged by FedEx Ground are properly classified as independent contractors and that FedEx Ground is not an employer of the drivers employed by these owner-operators.</font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">City and State of New York Cigarette Suit.<font style="font-style:normal;"> The City of New York and the State of New York filed two related lawsuits against FedEx Ground in December 2013 and November 2014 arising from FedEx Ground’s alleged shipments of cigarettes to New York residents in contravention of several statutes, including the Racketeer Influenced and Corrupt Organizations Act (“RICO”) and New York’s Public Health Law, as well as common law nuisance claims. In April 2016, the two lawsuits were consolidated and will now proceed as one lawsuit. The first-filed lawsuit alleges that FedEx Ground provided delivery services on behalf of four shippers, and the second-filed lawsuit alleges that FedEx Ground provided delivery services on behalf of six additional shippers; none of these shippers continue to ship in our network. Following motions to dismiss filed in both lawsuits, some of the claims were dismissed entirely or limited. In the first-filed lawsuit, the New York Public Health Law and common law nuisance claims were dismissed and the plaintiffs voluntarily dismissed another claim. In the second-filed lawsuit, the common law nuisance claim was dismissed entirely and the New York Public Health Law claim has been limited to claims arising after September 27, 2013, when an amendment to that law provided enforcement authority to the City of New York and State of New York. Other claims, including the RICO claims, remain in both lawsuits. The likelihood of loss is reasonably possible, but the amount or range of loss, if any, cannot be estimated at this stage of the litigation. We expect the amount of any loss to be immaterial. </font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On July 10, 2017, the City of New York and the State of New York filed a third lawsuit against FedEx Ground and included FedEx Freight as a co-defendant. This additional case identifies no shippers or shipments, but generally alleges violations of the same laws that are the subject of the other two lawsuits. The amount or range of loss, if any, cannot be estimated at this stage of the lawsuit. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Environmental Matters<font style="font-style:normal;">. SEC regulations require disclosure of certain environmental matters when a governmental authority is a party to the proceedings and the proceedings involve potential monetary sanctions that management reasonably believes could exceed $100,000.</font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On September 9, 2016, FedEx Supply Chain received a written offer from several District Attorneys’ Offices in California to settle a civil action that the District Attorneys intend to file against FedEx Supply Chain for alleged violations of the state’s hazardous waste regulations. Specifically, the District Attorneys’ Offices allege FedEx Supply Chain unlawfully disposed of hazardous waste at one of its California facilities and caused the illegal transportation and disposal of hazardous waste from the retail stores of a FedEx Supply Chain customer at this same facility. The District Attorneys allege these violations began in 2006 and continued until the facility closed in the spring of 2015. In March 2018, we settled this matter for an immaterial amount, and the settlement agreement has been approved by the court. We have been reimbursed by the sellers of GENCO for the amount of the settlement. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Other Matters. <font style="font-style:normal;">During the third quarter of 2017, FedEx Trade Networks informed U.S. Customs and Border Protection (“CBP”) that in connection with certain customs entries it may have made improper claims for (i) reduced-duty treatment and (ii) duty-free treatment. In the fourth quarter of 2017 we established accruals totaling $39.3 million for the then-current estimated probable loss for these matters. In the first quarter of 2018, FedEx Trade Networks tendered payments to CBP in these matters totaling $46.5 million, and an additional expense of $7.2 million was recognized. CBP acknowledged receipt of the amounts tendered in these matters, and we are awaiting a response indicating whether these matters are fully resolved. </font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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. 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.</p></div> | ||
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Share Based Compensation
ShareBasedCompensation
|
32000000 | |
| CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
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31000000 | |
| CY2018Q1 | fdx |
Anticipated Lease Liability And Related Right Of Use Asset
AnticipatedLeaseLiabilityAndRelatedRightOfUseAsset
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13000000000 | |
| CY2016Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
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25000000 | |
| CY2018Q1 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
1200000 | |
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Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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2400000 | ||
| CY2018Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
248.73 | |
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Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
232.00 | ||
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Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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288000000 | |
| CY2018Q1 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
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13600000 | |
| CY2018Q1 | us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
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2018-02-16 | |
| CY2018Q1 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
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0.50 | |
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Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
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2018-04-02 | |
| CY2018Q1 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
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2018-03-12 | |
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Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
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2020-11-13 | ||
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Letter Of Credit Maximum Sublimit Amount
LetterOfCreditMaximumSublimitAmount
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500000000 | |
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Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio Maximum
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatioMaximum
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3.5 | |
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Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatio
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2.2 | |
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Commercial Paper
CommercialPaper
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800000000 | |
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Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
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54000000 | |
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Long Term Debt
LongTermDebt
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16700000000 | |
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Long Term Debt
LongTermDebt
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14900000000 | |
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Long Term Debt Fair Value
LongTermDebtFairValue
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17000000000 | |
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Long Term Debt Fair Value
LongTermDebtFairValue
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15500000000 | |
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Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
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0.036 | |
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Net Income Loss Available To Common Stockholders Basic
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2071000000 | |
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Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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561000000 | |
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Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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3441000000 | ||
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Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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1974000000 | ||
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Weighted Average Number Of Shares Outstanding Basic
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268000000 | |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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266000000 | |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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268000000 | ||
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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266000000 | ||
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Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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2071000000 | |
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Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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561000000 | |
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Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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3441000000 | ||
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Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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1974000000 | ||
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Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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5000000 | |
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Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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5000000 | |
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Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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4000000 | ||
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Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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4000000 | ||
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Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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273000000 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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271000000 | |
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Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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272000000 | ||
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Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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270000000 | ||
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1900000 | |
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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4000000 | |
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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2600000 | ||
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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4700000 | ||
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 | ||
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Tax Cuts And Jobs Act Of2017 Measurement Period
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P1Y | ||
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Tax Cuts And Jobs Act Of2017 In Complete Accounting Change In Tax Rate Provisional Income Tax Expense Benefit
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-1150000000 | |
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Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit From Foreign Tax Credits Exceeding One Time Transition Tax
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-36000000 | |
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Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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0.375 | |
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Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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0.366 | ||
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Effective Income Tax Rate Reconciliation Net Deferred Tax Liability Remeasurement Percent
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-1.315 | |
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Effective Income Tax Rate Reconciliation Net Deferred Tax Liability Remeasurement Percent
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-0.384 | ||
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Effective Income Tax Rate Reconciliation Pension Contribution Percent
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0.233 | |
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Effective Income Tax Rate Reconciliation Pension Contribution Percent
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0.068 | ||
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Effective Income Tax Rate Reconciliation Lower Statutory Tax Rate Percent
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-0.189 | |
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Effective Income Tax Rate Reconciliation Lower Statutory Tax Rate Percent
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-0.055 | ||
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Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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-0.041 | |
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Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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-0.012 | ||
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Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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0.030 | |
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Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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0.003 | ||
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Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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-1.373 | |
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Effective Income Tax Rate Continuing Operations
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-0.150 | ||
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Pension Plan Net Periodic Benefit Cost
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39000000 | |
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Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
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57000000 | |
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Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
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113000000 | ||
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Pension Plan Net Periodic Benefit Cost
PensionPlanNetPeriodicBenefitCost
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173000000 | ||
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Defined Contribution Plan Cost Recognized
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135000000 | |
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Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
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117000000 | |
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Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
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386000000 | ||
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Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
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348000000 | ||
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Postretirement Healthcare Plans Net Periodic Benefit Cost
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19000000 | |
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Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
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19000000 | |
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Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
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56000000 | ||
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Postretirement Healthcare Plans Net Periodic Benefit Cost
PostretirementHealthcarePlansNetPeriodicBenefitCost
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57000000 | ||
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Pension And Other Postretirement Benefit Expense
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193000000 | |
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Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
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193000000 | |
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Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
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555000000 | ||
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Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
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578000000 | ||
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Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
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2514000000 | |
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Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
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2552000000 | |
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Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
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1644000000 | |
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Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
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1615000000 | |
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Unrecorded Unconditional Purchase Obligation Due After Five Years
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3822000000 | |
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Conditional Aircraft Commitments Boeing767
ConditionalAircraftCommitmentsBoeing767
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4 | ||
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Conditional Aircraft Commitments Boeing777
ConditionalAircraftCommitmentsBoeing777
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3 | ||
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Deposit And Progress Payments
DepositAndProgressPayments
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922000000 | |
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Aircraft Purchase Obligation With Delivery Within Remainder Of Fiscal Year
AircraftPurchaseObligationWithDeliveryWithinRemainderOfFiscalYear
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5 | ||
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Aircraft Purchase Obligation With Delivery Due In Second Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInSecondFiscalYear
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18 | ||
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Aircraft Purchase Obligation With Delivery Due In Third Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInThirdFiscalYear
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22 | ||
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Aircraft Purchase Obligation With Delivery Due In Fourth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFourthFiscalYear
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27 | ||
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Aircraft Purchase Obligation With Delivery Due In Fifth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueInFifthFiscalYear
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31 | ||
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Aircraft Purchase Obligation With Delivery Due After Fifth Fiscal Year
AircraftPurchaseObligationWithDeliveryDueAfterFifthFiscalYear
|
51 | ||
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Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
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632000000 | |
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Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
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2408000000 | |
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Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
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16600000000 | |
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Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
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5036000000 | |
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Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
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1060000000 | |
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Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
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7167000000 | |
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Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
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2115000000 | |
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Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
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1878000000 | |
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Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
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1695000000 | |
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Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
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9193000000 | |
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Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
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17921000000 | |
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Interest Paid Net
InterestPaidNet
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430000000 | ||
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Interest Paid Net
InterestPaidNet
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400000000 | ||
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Income Taxes Paid
IncomeTaxesPaid
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707000000 | ||
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Income Taxes Paid
IncomeTaxesPaid
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294000000 | ||
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Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
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59000000 | ||
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Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
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16000000 | ||
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Income Taxes Paid Net
IncomeTaxesPaidNet
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648000000 | ||
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Income Taxes Paid Net
IncomeTaxesPaidNet
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278000000 |
