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Business Segment Information (Tables)
6 Months Ended
Nov. 30, 2024
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Information

The following table provides a reconciliation of reportable segment revenue and operating income (loss) to our unaudited condensed consolidated financial statement totals for the periods ended November 30 (in millions):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Federal Express segment

 

$

18,841

 

 

$

18,773

 

 

$

37,146

 

 

$

37,199

 

FedEx Freight segment

 

 

2,177

 

 

 

2,452

 

 

 

4,506

 

 

 

4,837

 

Other and eliminations

 

 

949

 

 

 

940

 

 

 

1,894

 

 

 

1,810

 

 

 

$

21,967

 

 

$

22,165

 

 

$

43,546

 

 

$

43,846

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Federal Express segment

 

$

1,052

 

 

$

1,035

 

 

$

2,005

 

 

$

2,341

 

FedEx Freight segment

 

 

312

 

 

 

491

 

 

 

751

 

 

 

973

 

Corporate, other, and eliminations

 

 

(312

)

 

 

(250

)

 

 

(624

)

 

 

(553

)

 

 

$

1,052

 

 

$

1,276

 

 

$

2,132

 

 

$

2,761

 

The following table provides a reconciliation of reportable segment assets to our unaudited condensed consolidated financial statement totals as of the periods presented (in millions):

 

 

November 30, 2024
(Unaudited)

 

 

May 31,
2024

 

Total assets:

 

 

 

 

 

 

Federal Express segment

 

$

72,881

 

 

$

73,259

 

FedEx Freight segment

 

 

12,284

 

 

 

11,615

 

Corporate, other, and eliminations

 

 

316

 

 

 

2,133

 

 

 

$

85,481

 

 

$

87,007