2019 Form 10-K Financial Statement

#000156459019025065 Filed on July 16, 2019

View on sec.gov

Income Statement

Concept 2019 2018 Q2 2018 Q1
Revenue $69.69B $17.31B $16.53B
YoY Change 6.48% 10.08% 10.2%
Cost Of Revenue $16.65B $4.820B $3.935B
YoY Change 10.28% 15.01% -7.04%
Gross Profit $53.04B $12.49B $12.59B
YoY Change 5.34% 8.3% 16.97%
Gross Profit Margin 76.1% 72.16% 76.19%
Selling, General & Admin $31.44B $7.607B $7.625B
YoY Change 4.03% 3.45% 11.85%
% of Gross Profit 59.27% 60.89% 60.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.353B $802.0M $786.0M
YoY Change 8.34% 6.37% 3.15%
% of Gross Profit 6.32% 6.42% 6.24%
Operating Expenses $44.36B $10.79B $10.82B
YoY Change 4.82% 3.44% 11.09%
Operating Profit $4.466B $1.328B $858.0M
YoY Change 4.54% -16.0% -16.29%
Interest Expense $588.0M -$147.0M -$125.0M
YoY Change 5.38% 17.6% 2.46%
% of Operating Profit 13.17% -11.07% -14.57%
Other Income/Expense, Net -$3.811B $177.0M $16.00M
YoY Change -4804.94% -62.74% -112.7%
Pretax Income $655.0M $1.358B $874.0M
YoY Change -84.95% -6.99% -2.78%
Income Tax $115.0M $295.0M -$1.200B
% Of Pretax Income 17.56% 21.72% -137.3%
Net Earnings $540.0M $1.127B $2.074B
YoY Change -88.19% 10.49% 269.04%
Net Earnings / Revenue 0.77% 6.51% 12.55%
Basic Earnings Per Share $2.06 $4.23 $7.74
Diluted Earnings Per Share $2.03 $4.15 $7.59
COMMON SHARES
Basic Shares Outstanding 262.0M 268.0M
Diluted Shares Outstanding 265.0M 273.0M

Balance Sheet

Concept 2019 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.319B $3.265B $2.789B
YoY Change -28.97% -17.74% -12.1%
Cash & Equivalents $2.319B $3.265B $2.789B
Short-Term Investments
Other Short-Term Assets $1.098B $1.070B $1.592B
YoY Change 2.62% 95.97% 94.15%
Inventory $553.0M $525.0M $523.0M
Prepaid Expenses
Receivables $9.116B $8.481B $8.671B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.09B $13.34B $13.58B
YoY Change -1.91% 5.65% 13.71%
LONG-TERM ASSETS
Property, Plant & Equipment $30.43B $28.15B $27.70B
YoY Change 8.08% 8.36% 8.14%
Goodwill $6.973B $7.464B
YoY Change -2.53% 6.63%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.588B $3.862B $3.115B
YoY Change 6.09% 38.47% 39.69%
Total Long-Term Assets $41.32B $38.99B $38.28B
YoY Change 5.97% 8.53% 9.85%
TOTAL ASSETS
Total Short-Term Assets $13.09B $13.34B $13.58B
Total Long-Term Assets $41.32B $38.99B $38.28B
Total Assets $54.40B $52.33B $51.85B
YoY Change 3.96% 7.78% 10.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.030B $2.977B $3.102B
YoY Change 1.78% 8.18% 14.59%
Accrued Expenses $5.019B $3.131B $2.893B
YoY Change -5.44% -3.07% -3.82%
Deferred Revenue $13.00M
YoY Change 0.0%
Short-Term Debt $0.00 $0.00 $799.0M
YoY Change
Long-Term Debt Due $964.0M $1.342B $764.0M
YoY Change -28.17% 6000.0% 1597.78%
Total Short-Term Liabilities $9.013B $9.627B $9.503B
YoY Change -6.38% 21.58% 27.56%
LONG-TERM LIABILITIES
Long-Term Debt $16.62B $15.24B $16.02B
YoY Change 9.01% 2.24% 8.86%
Other Long-Term Liabilities $8.195B $534.0M $484.0M
YoY Change 58.3% 3.09% -1.43%
Total Long-Term Liabilities $24.81B $534.0M $484.0M
YoY Change 21.51% 3.09% -1.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.013B $9.627B $9.503B
Total Long-Term Liabilities $24.81B $534.0M $484.0M
Total Liabilities $36.65B $10.16B $9.987B
YoY Change 11.34% 20.45% 25.77%
SHAREHOLDERS EQUITY
Retained Earnings $24.82B $23.71B
YoY Change 19.15% 19.57%
Common Stock $3.149B $3.117B
YoY Change 3.69% 3.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.978B $7.576B
YoY Change 8.07% 3.5%
Treasury Stock Shares
Shareholders Equity $17.76B $19.42B $18.89B
YoY Change
Total Liabilities & Shareholders Equity $54.40B $52.33B $51.85B
YoY Change 3.96% 7.78% 10.84%

Cashflow Statement

Concept 2019 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $540.0M $1.127B $2.074B
YoY Change -88.19% 10.49% 269.04%
Depreciation, Depletion And Amortization $3.353B $802.0M $786.0M
YoY Change 8.34% 6.37% 3.15%
Cash From Operating Activities $5.613B $3.512B -$336.0M
YoY Change 20.09% 53.7% -3460.0%
INVESTING ACTIVITIES
Capital Expenditures -$5.490B -$1.669B -$1.373B
YoY Change -3.05% 25.87% 23.81%
Acquisitions $66.00M
YoY Change -63.13%
Other Investing Activities $17.00M $9.000M $9.000M
YoY Change -221.43% -25.0% -60.87%
Cash From Investing Activities -$5.473B -$1.660B -$1.364B
YoY Change -3.59% 26.33% 25.6%
FINANCING ACTIVITIES
Cash Dividend Paid $683.0M
YoY Change 27.66%
Common Stock Issuance & Retirement, Net $1.500B $288.0M
YoY Change 50.0% 1100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.039B -1.350B 1.685B
YoY Change -557.71% 565.02% 45.01%
NET CHANGE
Cash From Operating Activities 5.613B 3.512B -336.0M
Cash From Investing Activities -5.473B -1.660B -1.364B
Cash From Financing Activities -1.039B -1.350B 1.685B
Net Change In Cash -946.0M 502.0M -15.00M
YoY Change 21.91% -34.64% -117.44%
FREE CASH FLOW
Cash From Operating Activities $5.613B $3.512B -$336.0M
Capital Expenditures -$5.490B -$1.669B -$1.373B
Free Cash Flow $11.10B $5.181B $1.037B
YoY Change 7.41% 43.48% -7.33%

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CY2017 us-gaap Increase Decrease In Other Operating Assets
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CY2018 fdx Increase Decrease In Pension And Postretirement Healthcare Assets And Liabilities Net
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CY2017 fdx Increase Decrease In Pension And Postretirement Healthcare Assets And Liabilities Net
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CY2019 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2019 us-gaap Loss Contingency Disclosures
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<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOTE 18:&#160;CONTINGENCIES </p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Independent Contractor &#8212; Lawsuits and Administrative Proceedings.<font style="font-style:normal;">&#160;FedEx Ground is involved in lawsuits and administrative proceedings claiming that owner-operators engaged under operating agreements no longer in place 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 service providers 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 or service providers engaged by FedEx Ground could, among other things, entitle former owner-operators to the reimbursement of certain expenses, and service providers&#8217; drivers to certain wage payments from the service providers and FedEx Ground, and result in employment and withholding tax and benefit liability for FedEx Ground. We continue to believe that owner-operators engaged by FedEx Ground were properly classified as independent contractors and that FedEx Ground is not an employer or joint employer of the service providers&#8217; drivers.</font></p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Federal Securities Litigation<font style="font-style:normal;">.</font> <font style="font-style:normal;">On June 26, 2019 and July 2, 2019, FedEx and certain present and former officers were named as defendants in two putative class action securities lawsuits filed in the U.S. District Court for the Southern District of New York. The complaints allege violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder relating to alleged misstatements or omissions in FedEx&#8217;s public filings with the SEC and other public statements during the period from September 19, 2017 to December 18, 2018. We are not currently able to estimate the probability of loss or the amount or range of potential loss, if any, at this stage of the litigation.</font></p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Other Matters.&#160;<font style="font-style:normal;">FedEx and its subsidiaries are subject to other legal proceedings that arise in the ordinary course of business, including certain lawsuits containing various class-action allegations of wage-and-hour violations in which plaintiffs claim, among other things, that they were forced to work &#8220;off the clock,&#8221; were not paid overtime or were not provided work breaks or other benefits. In the opinion of management, the aggregate liability, if any, with respect to these other actions will not have a material adverse effect on our financial position, results of operations or cash flows.</font></p>
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<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ADVERTISING. <font style="font-style:normal;">Advertising and promotion costs are expensed as incurred and are classified in other operating expenses.&#160;Advertising and promotion expenses were $468 million in 2019, $442 million in 2018 and $458 million in 2017.</font></p>
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CY2019 us-gaap Prior Period Reclassification Adjustment Description
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<p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">RECLASSIFICATIONS. <font style="font-style:normal;">Certain reclassifications have been made to the prior years&#8217; consolidated financial statements to conform to the current year&#8217;s presentation.</font></p>
CY2019 us-gaap Concentration Risk Credit Risk
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<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">CREDIT RISK.<font style="font-style:normal;"> We routinely grant credit to many of our customers for transportation and business services without collateral.&#160;The risk of credit loss in our trade receivables is substantially mitigated by our credit evaluation process, short collection terms and sales to a large number of customers, as well as the low revenue per transaction for most of our services. Allowances for potential credit losses are determined based on historical experience and the impact of current economic conditions. Historically, credit losses have been within management&#8217;s expectations.</font></p>
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<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">USE OF ESTIMATES<font style="font-style:normal;">.&#160;The preparation of our consolidated financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses and the disclosure of contingent liabilities.&#160;Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared.&#160;Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management.&#160;Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include: self-insurance accruals; retirement plan obligations; long-term incentive accruals; tax liabilities; loss contingencies; litigation claims; impairment assessments on long-lived assets (including goodwill); and purchase price allocations. </font></p>
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2019-06-24
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Black-Scholes
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13894509
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0.00935
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212.60
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2249301
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
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2465493
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CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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539000000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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539000000
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4566000000
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3000000
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5000000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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265000000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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272000000
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5400000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2500000
CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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138000000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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1271000000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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147.98
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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244.16
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
91.01
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
212.85
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
166.89
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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134.70
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
217.78
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y9M18D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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P8Y3M18D
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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260000000
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260000000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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337590
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149579
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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153734
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
8957
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324478
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
185.16
CY2019 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
253.28
CY2019 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
180.65
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
218.08
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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217.76
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
155624
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2017 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
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166.12
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221000000
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P2Y
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79000000
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60000000
CY2017 fdx Income Tax Reconciliation Benefits From Share Based Payments
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2019 fdx Tax Cuts And Jobs Act Of2017 Incomplete Accounting Recognition Of Benefit
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CY2019 fdx Tax Cuts And Jobs Act Of2017 Incomplete Accounting Benefit Reversal If Unsuccessful Recognition
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233000000
CY2019 fdx Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
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CY2018Q2 fdx Deferred Tax Assets Property Equipment Leases And Intangibles
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752000000
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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595000000
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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585000000
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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494000000
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510000000
CY2018Q2 us-gaap Deferred Tax Assets Other
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416000000
CY2019Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2019Q2 us-gaap Deferred Tax Assets Valuation Allowance
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590000000
CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
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340000000
CY2018Q2 us-gaap Deferred Tax Liabilities Other
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602000000
CY2019Q2 us-gaap Unrecognized Tax Benefits
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164000000
CY2019Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2019Q2 us-gaap Deferred Income Tax Liabilities
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CY2018Q2 us-gaap Deferred Income Tax Liabilities
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1340000000
CY2018Q2 us-gaap Deferred Tax Assets Net Noncurrent
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31000000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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103000000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2019 us-gaap Defined Contribution Plan Cost Recognized
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CY2018 us-gaap Defined Contribution Plan Cost Recognized
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527000000
CY2017 us-gaap Defined Contribution Plan Cost Recognized
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480000000
CY2019 fdx Postretirement Healthcare Plans Net Periodic Benefit Cost
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75000000
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74000000
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76000000
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1780000000
CY2018 fdx Gain Loss On Discount Rate
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266000000
CY2019 fdx Current Year Actuarial Loss
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419000000
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268000000
CY2019 fdx Change In Future Assumptions
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887000000
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182000000
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476000000
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CY2017 fdx Return On Assets
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CY2018 fdx Annuity Contract Purchase
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210000000
CY2019 fdx Us Pension Plan Actual Rate Of Return On Assets
USPensionPlanActualRateOfReturnOnAssets
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CY2018 fdx Weighted Average Discount Rate Percent All Pension Post Retirement Plans
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CY2019Q1 us-gaap Net Income Loss
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CY2018 fdx Us Pension Plan Actual Rate Of Return On Assets
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CY2017 fdx Us Pension Plan Actual Rate Of Return On Assets
USPensionPlanActualRateOfReturnOnAssets
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CY2019 fdx Defined Benefit Plan Assets Actual Rate Of Return For Fifteen Year Period
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CY2019Q2 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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CY2019 us-gaap Income Taxes Paid
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CY2019 us-gaap Income Taxes Paid Net
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CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
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CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
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CY2019 fdx Aircraft Purchase Obligation With Delivery Due In Fifth Fiscal Year
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CY2019 fdx Aircraft Purchase Obligation With Delivery Due After Fifth Fiscal Year
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CY2019 fdx Aircraft Purchase Obligation
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CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q4 us-gaap Operating Income Loss
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CY2019Q1 us-gaap Operating Income Loss
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911000000
CY2019Q2 us-gaap Operating Income Loss
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CY2018Q4 us-gaap Net Income Loss
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CY2017Q4 us-gaap Net Income Loss
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CY2019Q2 fdx Retirement Plans Market To Market Adjustment
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CY2019Q2 fdx Business Realignment Costs
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CY2018Q3 us-gaap Earnings Per Share Basic
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CY2018Q4 us-gaap Earnings Per Share Basic
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CY2019Q1 us-gaap Earnings Per Share Basic
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CY2019Q1 us-gaap Earnings Per Share Diluted
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CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2017Q3 us-gaap Operating Income Loss
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CY2017Q4 us-gaap Operating Income Loss
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CY2017Q3 us-gaap Earnings Per Share Basic
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CY2017Q3 us-gaap Earnings Per Share Diluted
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CY2017Q4 us-gaap Earnings Per Share Diluted
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CY2018Q1 us-gaap Earnings Per Share Diluted
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CY2018Q2 us-gaap Earnings Per Share Diluted
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CY2018Q4 us-gaap Business Combination Integration Related Costs
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CY2019Q1 us-gaap Business Combination Integration Related Costs
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CY2018Q3 fdx Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit Earnings
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CY2019Q1 fdx Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit Earnings
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CY2018Q4 us-gaap Income Tax Expense Benefit
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CY2017Q3 us-gaap Loss Contingency Accrual Provision
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CY2018Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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CY2018Q2 us-gaap Income Tax Reconciliation Tax Credits Foreign
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CY2018Q2 fdx Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit Earnings
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CY2019Q2 us-gaap Guarantee Obligations Maximum Exposure
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17500000000
CY2019Q2 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
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CY2019 us-gaap Interest Income Expense Nonoperating Net
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