Description of Business Segments and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Aug. 31, 2024

Accounting Policies [Abstract]

Schedule of Revenue by Service Type

The following table provides revenue by service type (in millions) for the three-month periods ended August 31. This presentation is consistent with how we organize our segments internally for making operating decisions and measuring performance.

	2024		2023
REVENUE BY SERVICE TYPE
Federal Express segment:
Package:
U.S. priority	$	2,591	$	2,673
U.S. deferred		1,151		1,187
U.S. ground		8,056		8,133
Total U.S. domestic package revenue		11,798		11,993
International priority		2,206		2,327
International economy		1,360		1,117
Total international export package revenue		3,566		3,444
International domestic(1)		1,112		1,140
Total package revenue		16,476		16,577
Freight:
U.S.		569		577
International priority		526		553
International economy		463		472
Total freight revenue		1,558		1,602
Other		271		247
Total Federal Express segment		18,305		18,426
FedEx Freight segment		2,329		2,385
Other and eliminations(2)		945		870
	$	21,579	$	21,681

(1)International domestic revenue relates to our international intra-country operations.

(2)Includes the FedEx Dataworks, Inc. (“FedEx Dataworks”), FedEx Office and Print Services, Inc. (“FedEx Office”), and FedEx Logistics, Inc. (“FedEx Logistics”) operating segments.

Schedule of Obligation Confirmed and Paid

A rollforward of obligations confirmed and paid during the three-month period ended August 31, 2024 is presented below (in millions):

	2024
Confirmed obligations outstanding at beginning of period	$	94
Invoices confirmed during the quarter		164
Confirmed invoices paid during the quarter		(185	)
Currency translation adjustments		2
Confirmed obligations outstanding at end of period	$	75