$FDX
FEDEX CORP

2020 Q2 Form 10-K Financial Statement

#000156459021037031 Filed on July 19, 2021

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019
Revenue $17.36B $17.81B $69.69B
YoY Change -2.52% 2.85% 6.48%
Cost Of Revenue $5.069B $5.032B $16.65B
YoY Change 0.74% 4.4% 10.28%
Gross Profit $12.29B $12.78B $53.04B
YoY Change -3.8% 2.25% 5.34%
Gross Profit Margin 70.8% 71.74% 76.1%
Selling, General & Admin $7.898B $7.704B $31.44B
YoY Change 2.52% 1.28% 4.03%
% of Gross Profit 64.27% 60.31% 59.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $927.0M $866.0M $3.353B
YoY Change 7.04% 7.98% 8.34%
% of Gross Profit 7.54% 6.78% 6.32%
Operating Expenses $11.45B $11.14B $44.36B
YoY Change 2.71% 3.31% 4.82%
Operating Profit $475.0M $1.316B $4.466B
YoY Change -63.91% -0.9% 4.54%
Interest Expense -$174.0M -$136.0M $588.0M
YoY Change 27.94% -7.48% 5.38%
% of Operating Profit -36.63% -10.33% 13.17%
Other Income/Expense, Net -$620.0M -$3.734B -$3.811B
YoY Change -83.4% -2209.6% -4804.94%
Pretax Income -$319.0M -$2.554B $655.0M
YoY Change -87.51% -288.07% -84.95%
Income Tax $15.00M -$744.0M $115.0M
% Of Pretax Income 17.56%
Net Earnings -$334.0M -$1.969B $540.0M
YoY Change -83.04% -274.71% -88.19%
Net Earnings / Revenue -1.92% -11.06% 0.77%
Basic Earnings Per Share -$1.28 -$7.56 $2.06
Diluted Earnings Per Share -$1.28 -$7.56 $2.03
COMMON SHARES
Basic Shares Outstanding 262.0M
Diluted Shares Outstanding 265.0M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.881B $2.319B $2.319B
YoY Change 110.48% -28.97% -28.97%
Cash & Equivalents $4.881B $2.319B $2.319B
Short-Term Investments
Other Short-Term Assets $828.0M $1.098B $1.098B
YoY Change -24.59% 2.62% 2.62%
Inventory $572.0M $553.0M $553.0M
Prepaid Expenses
Receivables $10.10B $9.116B $9.116B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.38B $13.09B $13.09B
YoY Change 25.19% -1.91% -1.91%
LONG-TERM ASSETS
Property, Plant & Equipment $33.61B $30.43B $30.43B
YoY Change 10.45% 8.08% 8.08%
Goodwill $6.372B $6.884B
YoY Change -7.44% -1.28%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.257B $4.004B $3.588B
YoY Change -18.66% 3.68% 6.09%
Total Long-Term Assets $57.15B $41.32B $41.32B
YoY Change 38.33% 5.97% 5.97%
TOTAL ASSETS
Total Short-Term Assets $16.38B $13.09B $13.09B
Total Long-Term Assets $57.15B $41.32B $41.32B
Total Assets $73.54B $54.40B $54.40B
YoY Change 35.17% 3.96% 3.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.269B $3.030B $3.030B
YoY Change 7.89% 1.78% 1.78%
Accrued Expenses $3.532B $3.278B $5.019B
YoY Change 7.75% 4.69% -5.44%
Deferred Revenue $10.00M $11.00M
YoY Change -9.09% -15.38%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $51.00M $964.0M $964.0M
YoY Change -94.71% -28.17% -28.17%
Total Short-Term Liabilities $10.34B $9.013B $9.013B
YoY Change 14.77% -6.38% -6.38%
LONG-TERM LIABILITIES
Long-Term Debt $21.95B $16.62B $16.62B
YoY Change 32.11% 9.01% 9.01%
Other Long-Term Liabilities $466.0M $670.0M $8.195B
YoY Change -30.45% 25.47% 58.3%
Total Long-Term Liabilities $466.0M $670.0M $24.81B
YoY Change -30.45% 25.47% 21.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.34B $9.013B $9.013B
Total Long-Term Liabilities $466.0M $670.0M $24.81B
Total Liabilities $10.81B $9.683B $36.65B
YoY Change 11.64% -4.7% 11.34%
SHAREHOLDERS EQUITY
Retained Earnings $25.22B $24.65B
YoY Change 2.3% -0.7%
Common Stock $3.388B $3.263B
YoY Change 3.83% 3.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.162B $9.289B
YoY Change -1.37% 16.43%
Treasury Stock Shares
Shareholders Equity $18.30B $17.76B $17.76B
YoY Change
Total Liabilities & Shareholders Equity $73.54B $54.40B $54.40B
YoY Change 35.17% 3.96% 3.96%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019
OPERATING ACTIVITIES
Net Income -$334.0M -$1.969B $540.0M
YoY Change -83.04% -274.71% -88.19%
Depreciation, Depletion And Amortization $927.0M $866.0M $3.353B
YoY Change 7.04% 7.98% 8.34%
Cash From Operating Activities $1.819B $2.290B $5.613B
YoY Change -20.57% -34.79% 20.09%
INVESTING ACTIVITIES
Capital Expenditures -$1.163B -$1.733B -$5.490B
YoY Change -32.89% 3.83% -3.05%
Acquisitions $66.00M
YoY Change -63.13%
Other Investing Activities $7.000M -$45.00M $17.00M
YoY Change -115.56% -600.0% -221.43%
Cash From Investing Activities -$1.156B -$1.778B -$5.473B
YoY Change -34.98% 7.11% -3.59%
FINANCING ACTIVITIES
Cash Dividend Paid $683.0M
YoY Change 27.66%
Common Stock Issuance & Retirement, Net $1.500B
YoY Change 50.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.514B -1.032B -1.039B
YoY Change -343.6% -23.56% -557.71%
NET CHANGE
Cash From Operating Activities 1.819B 2.290B 5.613B
Cash From Investing Activities -1.156B -1.778B -5.473B
Cash From Financing Activities 2.514B -1.032B -1.039B
Net Change In Cash 3.177B -520.0M -946.0M
YoY Change -710.96% -203.59% 21.91%
FREE CASH FLOW
Cash From Operating Activities $1.819B $2.290B $5.613B
Capital Expenditures -$1.163B -$1.733B -$5.490B
Free Cash Flow $2.982B $4.023B $11.10B
YoY Change -25.88% -22.35% 7.41%

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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2020 us-gaap Comprehensive Income Net Of Tax
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CY2019 us-gaap Comprehensive Income Net Of Tax
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CY2021 us-gaap Profit Loss
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CY2020 us-gaap Profit Loss
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CY2019 us-gaap Profit Loss
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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2020 us-gaap Depreciation Depletion And Amortization
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CY2019 us-gaap Depreciation Depletion And Amortization
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2020 us-gaap Provision For Doubtful Accounts
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CY2019 us-gaap Provision For Doubtful Accounts
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CY2021 fdx Other Noncash Items Including Leases And Deferred Income Tax
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CY2020 fdx Other Noncash Items Including Leases And Deferred Income Tax
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CY2019 fdx Other Noncash Items Including Leases And Deferred Income Tax
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CY2021 us-gaap Share Based Compensation
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CY2020 us-gaap Share Based Compensation
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CY2019 us-gaap Share Based Compensation
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CY2021 fdx Retirement Plans Mark To Market Adjustment
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CY2020 fdx Retirement Plans Mark To Market Adjustment
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CY2019 fdx Retirement Plans Mark To Market Adjustment
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019 us-gaap Gain Loss On Sale Of Business
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CY2021 fdx Business Realignment Costs Non Cash Portion
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CY2019 fdx Business Realignment Costs Non Cash Portion
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CY2020 us-gaap Asset Impairment Charges
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CY2019 us-gaap Increase Decrease In Other Operating Assets
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CY2021 fdx Increase Decrease In Pension And Postretirement Healthcare Assets And Liabilities Net
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CY2020 fdx Increase Decrease In Pension And Postretirement Healthcare Assets And Liabilities Net
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CY2019 fdx Increase Decrease In Pension And Postretirement Healthcare Assets And Liabilities Net
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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CY2020 us-gaap Increase Decrease In Other Operating Capital Net
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CY2019 us-gaap Increase Decrease In Other Operating Capital Net
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Productive Assets
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CY2020 us-gaap Payments To Acquire Productive Assets
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CY2019 us-gaap Payments To Acquire Productive Assets
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CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 fdx Payments For Proceeds From Asset Dispositions And Other
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CY2020 fdx Payments For Proceeds From Asset Dispositions And Other
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CY2019 fdx Payments For Proceeds From Asset Dispositions And Other
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2020 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2019 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2020 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2019 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2021 us-gaap Payments Of Dividends
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CY2020 us-gaap Payments Of Dividends
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CY2019 us-gaap Payments Of Dividends
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2018Q2 us-gaap Stockholders Equity
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CY2019 us-gaap Net Income Loss
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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CY2019 us-gaap Common Stock Dividends Per Share Declared
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CY2019 us-gaap Dividends Common Stock Cash
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CY2019 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2019 fdx Employee Incentive Plans And Other Net Of Forfeitures
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CY2019Q2 us-gaap Stockholders Equity
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CY2020 us-gaap Net Income Loss
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020 us-gaap Dividends Common Stock Cash
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CY2020 fdx Employee Incentive Plans And Other Net Of Forfeitures
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021 us-gaap Dividends Common Stock Cash
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CY2021 fdx Employee Incentive Plans And Other Net Of Forfeitures
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CY2021 us-gaap Fiscal Period
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FISCAL YEARS<span style="font-style:normal;">. Except as otherwise specified, references to years indicate our fiscal year ended May 31, 2021 or ended May 31 of the year referenced.</span>
CY2021Q2 us-gaap Contract With Customer Asset Gross
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CY2020Q2 us-gaap Contract With Customer Asset Gross
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CY2021Q2 us-gaap Contract With Customer Asset Net
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CY2020Q2 us-gaap Contract With Customer Asset Net
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CY2021Q2 us-gaap Contract With Customer Liability Current
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CY2020Q2 us-gaap Contract With Customer Liability Current
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CY2021 us-gaap Revenue Performance Obligation Description Of Payment Terms
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Under the typical payment terms of our customer contracts, the customer pays at periodic intervals (e.g., every 15 days, 30 days, 45 days, etc.) for shipments included on invoices received. It is not customary business practice to extend payment terms past 90 days, and as such, we do not have a practice of including a significant financing component within our revenue contracts with customers.
CY2021 us-gaap Concentration Risk Credit Risk
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CREDIT RISK.<span style="font-style:normal;"> We routinely grant credit to many of our customers for transportation and business services without collateral. 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’s expectations.</span>
CY2021 us-gaap Marketing And Advertising Expense
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CY2020 us-gaap Marketing And Advertising Expense
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CY2019 us-gaap Marketing And Advertising Expense
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CY2020 us-gaap Interest Costs Capitalized
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CY2019 us-gaap Interest Costs Capitalized
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CY2021 fdx Depreciable Life Range For Majority Of Aircraft Costs
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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2020 us-gaap Depreciation Depletion And Amortization
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CY2019 us-gaap Depreciation Depletion And Amortization
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CY2021 us-gaap Interest Costs Capitalized
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CY2020 fdx Number Of Aircraft To Be Permanently Retired From Service
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CY2020 fdx Number Of Aircraft Engines To Be Permanently Retired From Service
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CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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CY2020 fdx Impairment Of Long Lived Assets To Be Disposed Of Net Of Tax
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CY2020 fdx Impairment Of Long Lived Assets To Be Disposed Of Net Of Tax Per Diluted Share
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CY2021Q2 fdx Number Of Idle Aircraft
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CY2021 fdx Aircraft Idle Term
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CY2021Q2 us-gaap Derivative Instruments In Hedges At Fair Value Net
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CY2016Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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CY2021Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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CY2020 us-gaap Treasury Stock Shares Acquired
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CY2020 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Treasury Stock Shares Acquired
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CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Dividends Payable Date Declared Day Month And Year
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CY2021Q2 us-gaap Dividends Payable Amount Per Share
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CY2021 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2021-07-12
CY2021 us-gaap Dividends Payable Date Of Record Day Month And Year
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CY2021Q1 fdx Restructuring Plan Execution Period
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CY2021 fdx Business Realignment Costs
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CY2021 fdx Business Realignment Costs Net Of Tax
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CY2021 fdx Business Realignment Costs Per Diluted Share
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CY2021 us-gaap Payments For Postemployment Benefits
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CY2019 us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
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1500
CY2021 us-gaap Use Of Estimates
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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<span style="font-style:normal;">. 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 revenue 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; loss contingencies; litigation claims; impairment assessments on long-lived assets (including goodwill) that rely on projections of future cash flows; and purchase price allocations.</span></p>
CY2021 us-gaap Provision For Doubtful Accounts
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CY2020 us-gaap Provision For Doubtful Accounts
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CY2019 us-gaap Provision For Doubtful Accounts
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2019Q2 us-gaap Goodwill Gross
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CY2019Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2019Q2 us-gaap Goodwill
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CY2020 us-gaap Goodwill Impairment Loss
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CY2020 us-gaap Goodwill Other Increase Decrease
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CY2020Q2 us-gaap Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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CY2021 us-gaap Goodwill Other Increase Decrease
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CY2021Q2 us-gaap Goodwill
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CY2021Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2021 us-gaap Goodwill Impairment Loss
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CY2019 us-gaap Goodwill Impairment Loss
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CY2021Q2 us-gaap Finite Lived Intangible Assets Net
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CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
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CY2020Q2 us-gaap Finite Lived Intangible Assets Net
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2020 us-gaap Amortization Of Intangible Assets
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CY2019 us-gaap Amortization Of Intangible Assets
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52000000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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49000000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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48000000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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47000000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2021Q2 us-gaap Accrued Salaries Current
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CY2020Q2 us-gaap Accrued Salaries Current
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CY2021Q2 us-gaap Accrued Employee Benefits Current
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CY2020Q2 us-gaap Accrued Employee Benefits Current
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CY2021Q2 us-gaap Accrued Vacation Current
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CY2020Q2 us-gaap Accrued Vacation Current
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CY2021Q2 us-gaap Employee Related Liabilities Current
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CY2020Q2 us-gaap Employee Related Liabilities Current
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CY2021Q2 us-gaap Accrued Insurance Current
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CY2020Q2 us-gaap Accrued Insurance Current
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CY2021Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
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CY2020Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
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CY2021Q2 us-gaap Other Accrued Liabilities Current
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CY2020Q2 us-gaap Other Accrued Liabilities Current
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CY2021Q2 us-gaap Accrued Liabilities Current
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CY2020Q2 us-gaap Accrued Liabilities Current
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CY2021Q2 us-gaap Long Term Debt
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CY2020Q2 us-gaap Long Term Debt
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CY2021Q2 us-gaap Finance Lease Liability
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525000000
CY2020Q2 us-gaap Finance Lease Liability
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CY2021Q2 fdx Debt And Finance Lease Obligations
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20879000000
CY2020Q2 fdx Debt And Finance Lease Obligations
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22003000000
CY2021Q2 fdx Long Term Debt And Finance Lease Obligations Current
LongTermDebtAndFinanceLeaseObligationsCurrent
146000000
CY2020Q2 fdx Long Term Debt And Finance Lease Obligations Current
LongTermDebtAndFinanceLeaseObligationsCurrent
51000000
CY2021Q2 fdx Long Term Debt And Finance Lease Obligations
LongTermDebtAndFinanceLeaseObligations
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CY2020Q2 fdx Long Term Debt And Finance Lease Obligations
LongTermDebtAndFinanceLeaseObligations
21952000000
CY2021Q2 us-gaap Longterm Debt Weighted Average Interest Rate
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CY2021Q2 fdx Long Term Debt Including Current Maturities Fair Value
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23100000000
CY2020Q2 fdx Long Term Debt Including Current Maturities Fair Value
LongTermDebtIncludingCurrentMaturitiesFairValue
22800000000
CY2021Q2 fdx Number Of Boeing Aircraft
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19
CY2021Q2 fdx Net Book Valve Of Collateralized Boeing Aircraft
NetBookValveOfCollateralizedBoeingAircraft
1900000000
CY2021Q1 fdx Letter Of Credit Maximum Sublimit Amount
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250000000
CY2021Q1 fdx Letter Of Credit Maximum Sublimit Amount
LetterOfCreditMaximumSublimitAmount
250000000
CY2021Q1 fdx Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio Maximum
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatioMaximum
3.75
CY2021Q1 fdx Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio Maximum
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatioMaximum
3.5
CY2021Q2 fdx Debt To Earnings Before Interest Tax Depreciation And Amortization Ratio
DebtToEarningsBeforeInterestTaxDepreciationAndAmortizationRatio
1.97
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-393000000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
2668000000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
12000000
CY2020 fdx Finance Lease Cost
FinanceLeaseCost
30000000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
197000000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
1160000000
CY2020 us-gaap Lease Cost
LeaseCost
4055000000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2750000000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
2608000000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
16000000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14000000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
75000000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
84000000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3703000000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1915000000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
126000000
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13917000000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2208000000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1923000000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13375000000
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12195000000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
15583000000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14118000000
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
504000000
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
480000000
CY2021Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
96000000
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
51000000
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
429000000
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
434000000
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
525000000
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
485000000
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0294
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0319
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0343
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0358
CY2021 fdx Finance And Operating Leases Expiration Term
FinanceAndOperatingLeasesExpirationTerm
various dates through 2060
CY2021Q2 fdx Percentage Of Aircraft Fleet Leased Under Operating Leases
PercentageOfAircraftFleetLeasedUnderOperatingLeases
0.03
CY2020Q2 fdx Percentage Of Aircraft Fleet Leased Under Operating Leases
PercentageOfAircraftFleetLeasedUnderOperatingLeases
0.05
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2637000000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
19000000
CY2021Q2 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Due Next Twelve Months
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueDueNextTwelveMonths
2656000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2453000000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
106000000
CY2021Q2 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
2559000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2088000000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
24000000
CY2021Q2 fdx Lessee Operating Lease And Finance Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLiabilityPaymentsDueYearThree
2112000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1808000000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
24000000
CY2021Q2 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
1832000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1577000000
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
23000000
CY2021Q2 fdx Lessee Operating Lease And Finance Lease Liability Payments Due Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFive
1600000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7542000000
CY2021Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
698000000
CY2021Q2 fdx Lessee Operating Lease And Finance Lease Liability Payments Due After Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
8240000000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
44000000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
122000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
18105000000
CY2021Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
894000000
CY2021Q2 fdx Lessee Operating Lease And Finance Lease Liability Payments Due
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDue
18999000000
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2522000000
CY2021Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
369000000
CY2021Q2 fdx Lessee Operating Lease And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseAndFinanceLeaseLiabilityUndiscountedExcessAmount
2891000000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
15583000000
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
525000000
CY2021Q2 fdx Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
16108000000
CY2021Q2 fdx Lessee Operating And Finance Lease Lease Not Yet Commenced Undiscounted Future Payments
LesseeOperatingAndFinanceLeaseLeaseNotYetCommencedUndiscountedFuturePayments
2500000000
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
168000000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
174000000
CY2021 fdx Stock Option Vesting Period Range
StockOptionVestingPeriodRange
one to four years
CY2021 fdx Share Based Compensation Arrangement By Share Based Payment Award Options Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestingPeriod
0.82
CY2021 fdx Restricted Stock Expiration Period
RestrictedStockExpirationPeriod
ratably over a four-year period
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Black-Scholes
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
44.11
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
33.97
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
61.42
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
593000000
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y4M24D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y4M24D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y4M24D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.30
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.23
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.21
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0132
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0191
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0294
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.01710
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.01630
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00935
CY2021 fdx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Maximum Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedMaximumTerm
P10Y
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16124745
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
167.79
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
4717412
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
168.73
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5063165
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
146.10
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
453495
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
168.99
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15325497
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
175.19
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2139000000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
7054806
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
173.26
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
999000000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
7676476
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
176.85
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1059000000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
12233805
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
371690
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
192.19
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
335004
CY2021 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
155.19
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
167767
CY2021 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
188.62
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1646
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
221.09
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
537281
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
170.16
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
207012
CY2020 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
158.58
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
149579
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
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1000000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264000000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
261000000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
198000000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
243000000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
641000000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
35000000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
200000000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
667000000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
475000000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-61000000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
70000000
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2492039
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
115000000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2073310
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
99000000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2249301
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
115000000
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
275000000
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2021Q2 fdx Ratio Of Outstanding And Available To Grant Shares To Outstanding Common And Equity Compensation Shares And Equity Compensation Shares Available For Grant
RatioOfOutstandingAndAvailableToGrantSharesToOutstandingCommonAndEquityCompensationSharesAndEquityCompensationSharesAvailableForGrant
0.10
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5220000000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1284000000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
539000000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
264000000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
261000000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
262000000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
19.79
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.92
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.06
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5221000000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1284000000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
539000000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
262000000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
268000000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
262000000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265000000
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
19.45
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.90
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.03
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3500000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11700000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5400000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
199000000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-230000000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-107000000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
158000000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
67000000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
64000000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
284000000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
383000000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115000000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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