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Computation of Earnings Per Share - Schedule of Basic and Diluted Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
May 31, 2017
[2],[3]
Feb. 28, 2017
[2],[3]
Nov. 30, 2016
[2],[3]
Aug. 31, 2016
[2],[3]
May 31, 2016
[3],[4]
Feb. 29, 2016
[3],[4]
Nov. 30, 2015
[3],[4]
Aug. 31, 2015
[3],[4]
May 31, 2017
May 31, 2016
May 31, 2015
Basic earnings per common share:                      
Net earnings allocable to common shares [1]                 $ 2,993 $ 1,818 $ 1,048
Weighted-average common shares                 266.0 276.0 283.0
Basic earnings per common share $ 3.81 $ 2.11 $ 2.63 $ 2.69 $ (0.26) $ 1.86 $ 2.47 $ 2.45 $ 11.24 $ 6.59 $ 3.70
Diluted earnings per common share:                      
Net earnings allocable to common shares [1]                 $ 2,993 $ 1,818 $ 1,048
Weighted-average common shares                 266.0 276.0 283.0
Dilutive effect of share-based awards                 4.0 3.0 4.0
Weighted-average diluted shares                 270.0 279.0 287.0
Diluted earnings per common share $ 3.75 $ 2.07 $ 2.59 $ 2.65 $ (0.26) $ 1.84 $ 2.44 $ 2.42 $ 11.07 $ 6.51 $ 3.65
Anti-dilutive options excluded from diluted earnings per common share                 4.5 3.9 2.1
[1] Net earnings available to participating securities were immaterial in all periods presented.
[2] The fourth quarter, third quarter, second quarter, and first quarter of 2017 include $124 million, $78 million, $58 million and $68 million, respectively, of TNT Express integration expenses and restructuring charges, and $20 million, $16 million, $10 million and $28 million, respectively, of increased intangible asset amortization as a result of the TNT Express acquisition. The fourth quarter of 2017 includes $39 million of charges for legal reserves related to certain pending CBP matters involving FedEx Trade Networks, $22 million of charges in connection with the settlement of and certain expected losses relating to independent contractor litigation matters at FedEx Ground and $24 million related to the retirement plans MTM gain.
[3] The sum of the quarterly earnings per share may not equal annual amounts due to differences in the weighted-average number of shares outstanding during the respective periods.
[4] The fourth quarter of 2016 includes a $1.5 billion retirement plans MTM loss and TNT Express transaction, financing and integration-planning expenses and immaterial financial results from the time of acquisition totaling $79 million. In addition, the fourth quarter of 2016 includes a $76 million favorable tax impact from an internal corporate legal entity restructuring to facilitate the integration of FedEx Express and TNT Express and $11 million of expenses related to independent contractor litigation matters at FedEx Ground. The third quarter of 2016 includes provisions related to independent contractor litigation matters at FedEx Ground for $204 million and expenses related to the settlement of a CBP notice of action in the amount of $69 million (in each case, net of recognized immaterial insurance recovery), as well as TNT Express transaction, financing and integration-planning expenses of $25 million. The second quarter of 2016 includes provisions related to independent contractor litigation matters at FedEx Ground for $41 million and $19 million of TNT Express transaction, financing and integration-planning expenses.