Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Nov. 30, 2013	May 31, 2013
CURRENT ASSETS
Cash and cash equivalents	$ 898	$ 769
Receivables, less allowances of $74 and $84	1,694	1,595
Spare parts, supplies and fuel, less allowances of $202 and $204	383	385
Deferred income taxes	458	359
Due from parent company and other FedEx subsidiaries	504	430
Prepaid expenses and other	85	94
Total current assets	4,022	3,632
PROPERTY AND EQUIPMENT, AT COST	25,133	24,384
Less accumulated depreciation and amortization	11,793	11,538
Net property and equipment	13,340	12,846
OTHER LONG-TERM ASSETS
Goodwill	1,509	1,526
Other assets	740	959
Total other long-term assets	2,249	2,485
ASSETS	19,611	18,963
CURRENT LIABILITIES
Accrued salaries and employee benefits	935	990
Accounts payable	1,306	1,270
Accrued expenses	984	972
Due to other FedEx subsidiaries	1,057	1,064
Total current liabilities	4,282	4,296
LONG-TERM DEBT, LESS CURRENT PORTION	240	240
OTHER LONG-TERM LIABILITIES
Deferred income taxes	3,060	2,833
Pension, postretirement healthcare and other benefit obligations	1,156	1,120
Self-insurance accruals	660	650
Deferred lease obligations	782	683
Deferred gains, principally related to aircraft transactions	211	223
Other liabilities	89	100
Total other long-term liabilities	5,958	5,609
COMMITMENTS AND CONTINGENCIES
OWNER'S EQUTIY
Common stock, $0.10 par value; 1,000 shares authorized, issued and outstanding	0	0
Additional paid-in capital	608	608
Retained earnings	8,590	8,246
Accumulated other comprehensive loss	(67)	(36)
Total owner's equity	9,131	8,818
LIABILITIES AND OWNER'S EQUITY	$ 19,611	$ 18,963