FedEx Corporation(NYSE:FDX) 
FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment offers business and residential money-back guaranteed ground package delivery services; and consol...
Website: http://www.fedex.com
Founded: 1971
Full Time Employees: 249,000 (Dec 2021)
CEO / Founder: Frederick W. Smith
Sector: Industrials
Industry: Integrated Freight & Logistics
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-02-28 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-11-30 | 2021-08-31 | 2021-05-31 | 2021-02-28 | 2020-11-30 | 2020-08-31 | 2020-05-31 | 2020-02-29 | 2019-11-30 | 2019-08-31 | 2019-05-31 | 2019-02-28 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-11-30 | 2016-08-31 | 2016-05-31 | 2016-02-29 | 2015-11-30 | 2015-08-31 | 2015-05-31 | 2015-02-28 | 2014-11-30 | 2014-08-31 | 2014-05-31 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2013-05-31 | 2013-02-28 | 2012-11-30 | 2012-08-31 | 2012-05-31 | 2012-02-29 | 2011-11-30 | 2011-08-31 | 2011-05-31 | 2011-02-28 | 2010-11-30 | 2010-08-31 | 2010-05-31 | 2010-02-28 | 2009-11-30 | 2009-08-31 | 2009-05-31 | 2009-02-28 | 2008-11-30 | 2008-08-31 | 2008-05-31 | 2008-02-29 | 2007-11-30 | 2007-08-31 | 2007-05-31 | 2007-02-28 | 2006-11-30 | 2006-08-31 | 2006-02-28 | 2005-11-30 | 2005-08-31 | 2005-02-28 | 2004-11-30 | 2004-08-31 | 2004-02-29 | 2003-11-30 | 2002-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 24,000,000,000 | 22,244,000,000 | 22,220,000,000 | 22,160,000,000 | 21,967,000,000 | 21,579,000,000 | 22,109,000,000 | 21,738,000,000 | 22,165,000,000 | 21,681,000,000 | 21,930,000,000 | 22,169,000,000 | 22,814,000,000 | 23,242,000,000 | 24,394,000,000 | 23,641,000,000 | 23,474,000,000 | 22,003,000,000 | 22,565,000,000 | 21,510,000,000 | 20,563,000,000 | 19,321,000,000 | 17,358,000,000 | 17,487,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | 9.25% | 3.08% | 0.50% | 1.94% | -0.89% | -0.47% | 0.82% | -1.94% | -2.84% | -6.72% | -10.10% | -6.23% | -2.81% | 5.63% | 8.11% | 9.91% | 14.16% | 13.88% | 30.00% | 23.01% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 7.89% | 0.11% | 0.27% | 0.88% | 1.80% | -2.40% | 1.71% | -1.93% | 2.23% | -1.14% | -1.08% | -2.83% | -1.84% | -4.72% | 3.19% | 0.71% | 6.69% | -2.49% | 4.90% | 4.61% | 6.43% | 11.31% | -0.74% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
salaries and employee benefits | 8,819,000,000 | 8,062,000,000 | 7,689,000,000 | 7,879,000,000 | 7,879,000,000 | 7,785,000,000 | 7,650,000,000 | 7,693,000,000 | 7,833,000,000 | 7,785,000,000 | 7,551,000,000 | 7,817,000,000 | 7,792,000,000 | 7,859,000,000 | 7,903,000,000 | 8,244,000,000 | 8,135,000,000 | 7,776,000,000 | 7,868,000,000 | 8,010,000,000 | 7,443,000,000 | 6,852,000,000 | 6,327,000,000 | 6,382,000,000 | 6,235,000,000 | 6,087,000,000 | 6,187,000,000 | 6,069,000,000 | 6,260,000,000 | 6,260,000,000 | 5,966,000,000 | 5,981,000,000 | 5,742,000,000 | 5,518,000,000 | 5,483,000,000 | 5,395,000,000 | 5,353,000,000 | 5,311,000,000 | 4,774,000,000 | 4,712,000,000 | 4,570,000,000 | 4,525,000,000 | 4,206,000,000 | 4,411,000,000 | 4,304,000,000 | 4,189,000,000 | 4,163,000,000 | 4,167,000,000 | 4,148,000,000 | 4,077,000,000 | 4,192,000,000 | 4,150,000,000 | 4,133,000,000 | 4,103,000,000 | 4,092,000,000 | 4,021,000,000 | 3,982,000,000 | 4,004,000,000 | 3,866,000,000 | 3,828,000,000 | 3,779,000,000 | 3,803,000,000 | 3,677,000,000 | 3,549,000,000 | 3,424,000,000 | 3,377,000,000 | 3,265,000,000 | 3,414,000,000 | 3,503,000,000 | 3,585,000,000 | 3,616,000,000 | 3,593,000,000 | 3,510,000,000 | 3,483,000,000 | 3,515,000,000 | 3,414,000,000 | 3,526,000,000 | 3,285,000,000 | 3,162,000,000 | 3,081,000,000 | 3,062,000,000 | 3,026,000,000 | 2,930,000,000 | 2,920,000,000 | 2,649,000,000 | 2,559,000,000 | |
purchased transportation | 6,084,000,000 | 5,488,000,000 | 5,359,000,000 | 5,634,000,000 | 5,500,000,000 | 5,275,000,000 | 5,145,000,000 | 5,345,000,000 | 5,395,000,000 | 5,036,000,000 | 4,956,000,000 | 5,402,000,000 | 5,665,000,000 | 5,767,000,000 | 5,946,000,000 | 6,272,000,000 | 6,241,000,000 | 5,659,000,000 | 5,630,000,000 | 5,660,000,000 | 5,407,000,000 | 4,977,000,000 | 4,552,000,000 | 4,558,000,000 | 4,328,000,000 | 4,028,000,000 | 4,088,000,000 | 4,253,000,000 | 4,346,000,000 | 3,967,000,000 | 3,881,000,000 | 3,935,000,000 | 3,840,000,000 | 3,445,000,000 | 3,461,000,000 | 3,498,000,000 | 3,431,000,000 | 3,240,000,000 | 2,461,000,000 | 2,623,000,000 | 2,538,000,000 | 2,344,000,000 | 2,079,000,000 | 2,165,000,000 | 2,185,000,000 | 2,054,000,000 | 2,029,000,000 | 2,063,000,000 | 2,040,000,000 | 1,879,000,000 | 1,861,000,000 | 1,871,000,000 | 1,860,000,000 | 1,680,000,000 | 1,622,000,000 | 1,619,000,000 | 1,576,000,000 | 1,518,000,000 | 1,511,000,000 | 1,446,000,000 | 1,390,000,000 | 1,327,000,000 | 1,299,000,000 | 1,220,000,000 | 1,155,000,000 | 1,054,000,000 | 1,015,000,000 | 1,060,000,000 | 1,181,000,000 | 1,207,000,000 | 1,158,000,000 | 1,128,000,000 | 1,136,000,000 | 1,025,000,000 | 972,000,000 | 1,009,000,000 | 996,000,000 | 896,000,000 | 814,000,000 | 812,000,000 | 771,000,000 | 748,000,000 | 747,000,000 | 681,000,000 | 602,000,000 | 598,000,000 | |
rentals and landing fees | 1,235,000,000 | 1,192,000,000 | 1,140,000,000 | 1,178,000,000 | 1,168,000,000 | 1,161,000,000 | 1,137,000,000 | 1,145,000,000 | 1,138,000,000 | 1,151,000,000 | 1,179,000,000 | 1,205,000,000 | 1,195,000,000 | 1,159,000,000 | 1,177,000,000 | 1,225,000,000 | 1,177,000,000 | 1,133,000,000 | 1,082,000,000 | 1,131,000,000 | 1,006,000,000 | 936,000,000 | 904,000,000 | 964,000,000 | 924,000,000 | 920,000,000 | 827,000,000 | 874,000,000 | 836,000,000 | 823,000,000 | 835,000,000 | 873,000,000 | 835,000,000 | 818,000,000 | 814,000,000 | 834,000,000 | 802,000,000 | 790,000,000 | 733,000,000 | 744,000,000 | 682,000,000 | 695,000,000 | 673,000,000 | 686,000,000 | 663,000,000 | 660,000,000 | 672,000,000 | 662,000,000 | 648,000,000 | 640,000,000 | 633,000,000 | 640,000,000 | 630,000,000 | 618,000,000 | 616,000,000 | 628,000,000 | 623,000,000 | 620,000,000 | 612,000,000 | 621,000,000 | 628,000,000 | 601,000,000 | 595,000,000 | 593,000,000 | 593,000,000 | 578,000,000 | 591,000,000 | 609,000,000 | 612,000,000 | 617,000,000 | 622,000,000 | 615,000,000 | 611,000,000 | 593,000,000 | 591,000,000 | 598,000,000 | 584,000,000 | 570,000,000 | 577,000,000 | 584,000,000 | 665,000,000 | 585,000,000 | 584,000,000 | 559,000,000 | 474,000,000 | 447,000,000 | |
depreciation and amortization | 1,112,000,000 | 1,092,000,000 | 1,057,000,000 | 1,066,000,000 | 1,063,000,000 | 1,078,000,000 | 1,104,000,000 | 1,072,000,000 | 1,040,000,000 | 1,071,000,000 | 1,075,000,000 | 1,031,000,000 | 1,046,000,000 | 1,024,000,000 | 1,018,000,000 | 986,000,000 | 995,000,000 | 971,000,000 | 975,000,000 | 956,000,000 | 936,000,000 | 926,000,000 | 927,000,000 | 908,000,000 | 901,000,000 | 879,000,000 | 866,000,000 | 851,000,000 | 828,000,000 | 808,000,000 | 802,000,000 | 786,000,000 | 756,000,000 | 751,000,000 | 754,000,000 | 762,000,000 | 740,000,000 | 739,000,000 | 667,000,000 | 663,000,000 | 653,000,000 | 648,000,000 | 657,000,000 | 652,000,000 | 651,000,000 | 651,000,000 | 649,000,000 | 652,000,000 | 647,000,000 | 639,000,000 | 622,000,000 | 599,000,000 | 592,000,000 | 573,000,000 | 543,000,000 | 543,000,000 | 518,000,000 | 509,000,000 | 499,000,000 | 493,000,000 | 502,000,000 | 479,000,000 | 488,000,000 | 488,000,000 | 487,000,000 | 495,000,000 | 496,000,000 | 496,000,000 | 491,000,000 | 492,000,000 | 499,000,000 | 492,000,000 | 482,000,000 | 473,000,000 | 464,000,000 | 449,000,000 | 430,000,000 | 399,000,000 | 391,000,000 | 386,000,000 | 370,000,000 | 368,000,000 | 363,000,000 | 360,000,000 | 340,000,000 | 336,000,000 | |
fuel | 856,000,000 | 873,000,000 | 864,000,000 | 889,000,000 | 947,000,000 | 1,075,000,000 | 1,141,000,000 | 1,140,000,000 | 1,328,000,000 | 1,101,000,000 | 1,144,000,000 | 1,350,000,000 | 1,593,000,000 | 1,822,000,000 | 1,760,000,000 | 1,201,000,000 | 1,145,000,000 | 1,009,000,000 | 936,000,000 | 756,000,000 | 625,000,000 | 565,000,000 | 517,000,000 | 879,000,000 | 890,000,000 | 870,000,000 | 944,000,000 | 907,000,000 | 1,052,000,000 | 986,000,000 | 939,000,000 | 914,000,000 | 818,000,000 | 703,000,000 | 730,000,000 | 735,000,000 | 658,000,000 | 650,000,000 | 535,000,000 | 537,000,000 | 615,000,000 | 712,000,000 | 738,000,000 | 810,000,000 | 1,052,000,000 | 1,120,000,000 | 1,154,000,000 | 1,163,000,000 | 1,136,000,000 | 1,104,000,000 | 1,158,000,000 | 1,215,000,000 | 1,235,000,000 | 1,138,000,000 | 1,279,000,000 | 1,233,000,000 | 1,200,000,000 | 1,244,000,000 | 1,277,000,000 | 1,049,000,000 | 938,000,000 | 887,000,000 | 886,000,000 | 810,000,000 | 744,000,000 | 666,000,000 | 541,000,000 | 636,000,000 | 1,106,000,000 | 1,599,000,000 | 1,392,000,000 | 1,180,000,000 | 1,060,000,000 | 964,000,000 | 903,000,000 | 829,000,000 | 860,000,000 | 941,000,000 | 774,000,000 | 891,000,000 | 728,000,000 | 570,000,000 | 592,000,000 | 469,000,000 | 390,000,000 | 340,000,000 | |
maintenance and repairs | 771,000,000 | 843,000,000 | 802,000,000 | 783,000,000 | 831,000,000 | 829,000,000 | 809,000,000 | 804,000,000 | 854,000,000 | 824,000,000 | 782,000,000 | 789,000,000 | 882,000,000 | 904,000,000 | 842,000,000 | 822,000,000 | 839,000,000 | 869,000,000 | 885,000,000 | 822,000,000 | 815,000,000 | 806,000,000 | 667,000,000 | 684,000,000 | 774,000,000 | 768,000,000 | 690,000,000 | 658,000,000 | 751,000,000 | 735,000,000 | 654,000,000 | 628,000,000 | 665,000,000 | 675,000,000 | 609,000,000 | 588,000,000 | 579,000,000 | 598,000,000 | 527,000,000 | 504,000,000 | 529,000,000 | 548,000,000 | 495,000,000 | 505,000,000 | 543,000,000 | 556,000,000 | 465,000,000 | 438,000,000 | 479,000,000 | 480,000,000 | 432,000,000 | 424,000,000 | 511,000,000 | 542,000,000 | 462,000,000 | 456,000,000 | 511,000,000 | 551,000,000 | 509,000,000 | 480,000,000 | 473,000,000 | 517,000,000 | 500,000,000 | 404,000,000 | 410,000,000 | 401,000,000 | 391,000,000 | 449,000,000 | 521,000,000 | 537,000,000 | 526,000,000 | 479,000,000 | 519,000,000 | 544,000,000 | 461,000,000 | 484,000,000 | 492,000,000 | 515,000,000 | 427,000,000 | 445,000,000 | 468,000,000 | 413,000,000 | 415,000,000 | 420,000,000 | 380,000,000 | 370,000,000 | |
separation and other costs | 202,000,000 | 45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business optimization costs | 65,000,000 | 67,000,000 | 158,250,000 | 179,000,000 | 326,000,000 | 128,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 3,508,000,000 | 3,396,000,000 | 3,372,000,000 | 3,260,000,000 | 3,201,000,000 | 3,168,000,000 | 3,193,000,000 | 3,182,000,000 | 3,156,000,000 | 3,123,000,000 | 3,511,000,000 | 3,410,000,000 | 3,429,000,000 | 3,478,000,000 | 3,764,000,000 | 3,458,000,000 | 3,301,000,000 | 3,121,000,000 | 3,286,000,000 | 3,160,000,000 | 2,866,000,000 | 2,669,000,000 | 2,620,000,000 | 2,701,000,000 | 2,652,000,000 | 2,519,000,000 | 2,573,000,000 | 2,483,000,000 | 2,583,000,000 | 2,402,000,000 | 2,377,000,000 | 2,408,000,000 | 2,395,000,000 | 2,270,000,000 | 2,320,000,000 | 2,160,000,000 | 2,201,000,000 | 2,071,000,000 | 1,852,000,000 | 2,007,000,000 | 1,729,000,000 | 1,663,000,000 | 1,895,000,000 | 1,525,000,000 | 1,528,000,000 | 1,467,000,000 | 1,524,000,000 | 1,515,000,000 | 1,478,000,000 | 1,410,000,000 | 1,439,000,000 | 1,418,000,000 | 1,428,000,000 | 1,396,000,000 | 1,404,000,000 | 1,251,000,000 | 1,397,000,000 | 1,338,000,000 | 1,389,000,000 | 1,332,000,000 | 1,386,000,000 | 1,215,000,000 | 1,269,000,000 | 1,221,000,000 | 1,212,000,000 | 1,123,000,000 | 1,198,000,000 | 1,291,000,000 | 1,340,000,000 | 1,303,000,000 | 1,334,000,000 | 1,309,000,000 | 1,350,000,000 | 1,303,000,000 | 1,233,000,000 | 1,168,000,000 | 1,199,000,000 | 1,155,000,000 | 1,145,000,000 | 1,101,000,000 | 1,059,000,000 | 1,077,000,000 | 1,055,000,000 | 987,000,000 | 841,000,000 | 804,000,000 | |
operating expenses: - sum | 22,652,000,000 | 21,058,000,000 | 15,570,500,000 | 20,868,000,000 | 20,499,000,000 | 22,051,000,000 | 16,071,000,000 | 12,184,000,000 | 16,099,000,000 | 16,656,000,000 | 11,189,000,000 | 15,525,000,000 | 14,180,000,000 | 13,399,000,000 | 13,047,000,000 | 11,790,000,000 | 13,209,000,000 | 10,754,000,000 | 10,926,000,000 | 10,697,000,000 | 10,656,000,000 | 10,660,000,000 | 10,576,000,000 | 10,229,000,000 | 7,700,750,000 | 10,364,000,000 | 10,389,000,000 | 7,335,500,000 | 9,751,000,000 | 9,784,000,000 | 6,512,250,000 | 7,955,000,000 | 8,668,000,000 | 8,385,000,000 | 8,139,000,000 | 7,951,000,000 | 8,087,000,000 | 7,761,000,000 | 7,290,000,000 | 7,123,000,000 | 6,734,000,000 | 5,690,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating income | 1,348,000,000 | 1,186,000,000 | 1,793,000,000 | 1,292,000,000 | 1,052,000,000 | 1,080,000,000 | 1,555,000,000 | 1,243,000,000 | 1,276,000,000 | 1,485,000,000 | 1,503,000,000 | 1,042,000,000 | 1,176,000,000 | 1,191,000,000 | 1,924,000,000 | 1,326,000,000 | 1,597,000,000 | 1,398,000,000 | 1,797,000,000 | 1,005,000,000 | 1,465,000,000 | 1,590,000,000 | 475,000,000 | 411,000,000 | 554,000,000 | 977,000,000 | 1,316,000,000 | 911,000,000 | 1,168,000,000 | 1,071,000,000 | 1,490,000,000 | 1,001,000,000 | 1,262,000,000 | 1,117,000,000 | 1,581,000,000 | 1,025,000,000 | 1,167,000,000 | 1,264,000,000 | -68,000,000 | 864,000,000 | 1,137,000,000 | 1,144,000,000 | -1,095,000,000 | 962,000,000 | 1,013,000,000 | 987,000,000 | 1,183,000,000 | 641,000,000 | 827,000,000 | 795,000,000 | 502,000,000 | 589,000,000 | 718,000,000 | 742,000,000 | 856,000,000 | 813,000,000 | 780,000,000 | 737,000,000 | 888,000,000 | 393,000,000 | 469,000,000 | 628,000,000 | 696,000,000 | 416,000,000 | 571,000,000 | 315,000,000 | -849,000,000 | 182,000,000 | 784,000,000 | 630,000,000 | -163,000,000 | 641,000,000 | 783,000,000 | 814,000,000 | 1,012,000,000 | 641,000,000 | 839,000,000 | 784,000,000 | 713,000,000 | 790,000,000 | 584,000,000 | 552,000,000 | 600,000,000 | 579,000,000 | 372,000,000 | 183,000,000 | |
yoy | 28.14% | 9.81% | 15.31% | 3.94% | -17.55% | -27.27% | 3.46% | 19.29% | 8.50% | 24.69% | -21.88% | -21.42% | -26.36% | -14.81% | 7.07% | 31.94% | 9.01% | -12.08% | 278.32% | 144.53% | 164.44% | 62.74% | -63.91% | -54.88% | -52.57% | -8.78% | -11.68% | -8.99% | -7.45% | -4.12% | -5.76% | -2.34% | 8.14% | -11.63% | -2425.00% | 18.63% | 2.64% | 10.49% | -93.79% | -10.19% | 12.24% | 15.91% | -192.56% | 50.08% | 22.49% | 24.15% | 135.66% | 8.83% | 15.18% | 7.14% | -41.36% | -27.55% | -7.95% | 0.68% | -3.60% | 106.87% | 66.31% | 17.36% | 27.59% | -5.53% | -17.86% | 99.37% | -181.98% | 128.57% | -27.17% | -50.00% | 420.86% | -71.61% | 0.13% | -22.60% | -116.11% | 0.00% | -6.67% | 3.83% | 41.94% | -18.86% | 43.66% | 42.03% | 18.83% | 36.44% | 56.99% | 201.64% | |||||
qoq | 13.66% | -33.85% | 38.78% | 22.81% | -2.59% | -30.55% | 25.10% | -2.59% | -14.07% | -1.20% | 44.24% | -11.39% | -1.26% | -38.10% | 45.10% | -16.97% | 14.23% | -22.20% | 78.81% | -31.40% | -7.86% | 234.74% | 15.57% | -25.81% | -43.30% | -25.76% | 44.46% | -22.00% | 9.06% | -28.12% | 48.85% | -20.68% | 12.98% | -29.35% | 54.24% | -12.17% | -7.67% | -1958.82% | -107.87% | -24.01% | -0.61% | -204.47% | -213.83% | -5.03% | 2.63% | -16.57% | 84.56% | -22.49% | 4.03% | 58.37% | -14.77% | -17.97% | -3.23% | -13.32% | 5.29% | 4.23% | 5.83% | -17.00% | 125.95% | -16.20% | -25.32% | -9.77% | 67.31% | -27.15% | 81.27% | -137.10% | -566.48% | -76.79% | 24.44% | -486.50% | -125.43% | -18.14% | -3.81% | -19.57% | 57.88% | -23.60% | 7.02% | 9.96% | -9.75% | 35.27% | 5.80% | -8.00% | 3.63% | 55.65% | 103.28% | ||
operating margin % | 5.62% | 5.33% | 8.07% | 5.83% | 4.79% | 5.00% | 7.03% | 5.72% | 5.76% | 6.85% | 6.85% | 4.70% | 5.15% | 5.12% | 7.89% | 5.61% | 6.80% | 6.35% | 7.96% | 4.67% | 7.12% | 8.23% | 2.74% | 2.35% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | |
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | -138,000,000 | -119,000,000 | -75,500,000 | -116,000,000 | -102,000,000 | -84,000,000 | -69,750,000 | -91,000,000 | -97,000,000 | -91,000,000 | -97,750,000 | -122,000,000 | -127,000,000 | -142,000,000 | -119,500,000 | -163,000,000 | -155,000,000 | -160,000,000 | -138,750,000 | -187,000,000 | -184,000,000 | -184,000,000 | -110,750,000 | -155,000,000 | -151,000,000 | -137,000,000 | -98,250,000 | -135,000,000 | -129,000,000 | -112,000,000 | -90,750,000 | -125,000,000 | -124,000,000 | -114,000,000 | -88,500,000 | -122,000,000 | -119,000,000 | -113,000,000 | -54,500,000 | -81,000,000 | -74,000,000 | -63,000,000 | -38,250,000 | -58,000,000 | -47,000,000 | -48,000,000 | -23,750,000 | -38,000,000 | -30,000,000 | -27,000,000 | -9,250,000 | -9,000,000 | -18,000,000 | -10,000,000 | -7,500,000 | -12,000,000 | -7,000,000 | -11,000,000 | -16,250,000 | -24,000,000 | -23,000,000 | -18,000,000 | -13,000,000 | -19,000,000 | -15,000,000 | -18,000,000 | -9,500,000 | -19,000,000 | -10,000,000 | -9,000,000 | -12,500,000 | -10,000,000 | -15,000,000 | -25,000,000 | -9,250,000 | -11,000,000 | -17,000,000 | -9,000,000 | -28,000,000 | -30,000,000 | -24,000,000 | ||||||
other retirement plans | 59,000,000 | 60,000,000 | 37,250,000 | 50,000,000 | 50,000,000 | 49,000,000 | 30,000,000 | 40,000,000 | 41,000,000 | 39,000,000 | 76,000,000 | 102,000,000 | 101,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: - sum | -85,000,000 | -52,000,000 | -51,500,000 | -111,000,000 | -24,000,000 | -37,000,000 | 19,000,000 | 14,750,000 | 20,000,000 | 9,000,000 | -96,250,000 | -127,000,000 | -135,000,000 | -122,000,000 | -113,000,000 | -82,000,000 | -95,000,000 | -53,000,000 | -42,000,000 | -50,000,000 | -46,000,000 | -47,000,000 | -35,000,000 | -29,000,000 | -16,500,000 | -25,000,000 | -26,000,000 | -9,250,000 | -21,000,000 | -13,000,000 | -11,250,000 | -23,000,000 | -15,000,000 | -27,000,000 | -19,000,000 | -12,000,000 | -16,000,000 | -14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 1,263,000,000 | 1,134,000,000 | 2,223,000,000 | 1,181,000,000 | 981,000,000 | 1,056,000,000 | 2,028,000,000 | 1,183,000,000 | 1,202,000,000 | 1,423,000,000 | 2,128,000,000 | 1,022,000,000 | 1,059,000,000 | 1,154,000,000 | 684,000,000 | 1,375,000,000 | 1,380,000,000 | 1,457,000,000 | 2,613,000,000 | 1,049,000,000 | 1,406,000,000 | 1,606,000,000 | -319,000,000 | 420,000,000 | 572,000,000 | 996,000,000 | -2,554,000,000 | 931,000,000 | 1,177,000,000 | 1,101,000,000 | 1,358,000,000 | 874,000,000 | 1,139,000,000 | 982,000,000 | 1,460,000,000 | 899,000,000 | 1,078,000,000 | 1,142,000,000 | -181,000,000 | 782,000,000 | 1,055,000,000 | 1,084,000,000 | -1,190,000,000 | 909,000,000 | 971,000,000 | 937,000,000 | 1,137,000,000 | 594,000,000 | 792,000,000 | 766,000,000 | 472,000,000 | 564,000,000 | 692,000,000 | 727,000,000 | 848,000,000 | 792,000,000 | 777,000,000 | 724,000,000 | 865,000,000 | 360,000,000 | 437,000,000 | 603,000,000 | 672,000,000 | 381,000,000 | 547,000,000 | 294,000,000 | -874,000,000 | 159,000,000 | 774,000,000 | 618,000,000 | -167,000,000 | 628,000,000 | 768,000,000 | 787,000,000 | 993,000,000 | 629,000,000 | 823,000,000 | 770,000,000 | 683,000,000 | 760,000,000 | 549,000,000 | 514,000,000 | 554,000,000 | 534,000,000 | 334,000,000 | 146,000,000 | |
provision for income taxes | 207,000,000 | 310,000,000 | 575,000,000 | 272,000,000 | 240,000,000 | 262,000,000 | 554,000,000 | 304,000,000 | 302,000,000 | 345,000,000 | 279,000,000 | 251,000,000 | 175,000,000 | 192,000,000 | 242,000,000 | -112,500,000 | -1,200,000,000 | 386,000,000 | 427,000,000 | -111,000,000 | 275,000,000 | -438,000,000 | 329,000,000 | 355,000,000 | 331,000,000 | 407,000,000 | 216,000,000 | 292,000,000 | 277,000,000 | 181,250,000 | 203,000,000 | 254,000,000 | 202,750,000 | 271,000,000 | 260,000,000 | 144,250,000 | 62,000,000 | 289,000,000 | 293,000,000 | 383,000,000 | 209,000,000 | 312,000,000 | 295,000,000 | 255,000,000 | 210,000,000 | 200,000,000 | 127,000,000 | ||||||||||||||||||||||||||||||||||||||||
net income | 1,056,000,000 | 824,000,000 | 1,648,000,000 | 909,000,000 | 741,000,000 | 794,000,000 | 1,474,000,000 | 879,000,000 | 900,000,000 | 1,078,000,000 | 1,538,000,000 | 771,000,000 | 788,000,000 | 875,000,000 | 558,000,000 | 1,112,000,000 | 1,044,000,000 | 1,112,000,000 | 1,868,000,000 | 892,000,000 | 1,226,000,000 | 1,245,000,000 | -334,000,000 | 315,000,000 | 560,000,000 | 745,000,000 | -1,969,000,000 | 739,000,000 | 935,000,000 | 835,000,000 | 1,127,000,000 | 2,074,000,000 | 775,000,000 | 596,000,000 | 1,020,000,000 | 562,000,000 | 700,000,000 | 715,000,000 | -70,000,000 | 507,000,000 | 691,000,000 | 692,000,000 | -752,000,000 | 580,000,000 | 616,000,000 | 606,000,000 | 730,000,000 | 378,000,000 | 500,000,000 | 489,000,000 | 303,000,000 | 361,000,000 | 438,000,000 | 459,000,000 | 550,000,000 | 521,000,000 | 497,000,000 | 464,000,000 | 558,000,000 | 231,000,000 | 283,000,000 | 380,000,000 | 419,000,000 | 239,000,000 | 345,000,000 | 181,000,000 | -876,000,000 | 97,000,000 | 493,000,000 | 384,000,000 | -241,000,000 | 393,000,000 | 479,000,000 | 494,000,000 | 610,000,000 | 420,000,000 | 511,000,000 | 475,000,000 | 428,000,000 | 471,000,000 | 339,000,000 | 317,000,000 | 354,000,000 | 330,000,000 | 207,000,000 | 91,000,000 | |
yoy | 42.51% | 3.78% | 11.80% | 3.41% | -17.67% | -26.35% | -4.16% | 14.01% | 14.21% | 23.20% | 175.63% | -30.67% | -24.52% | -21.31% | -70.13% | 24.66% | -14.85% | -10.68% | -659.28% | 183.17% | 118.93% | 67.11% | -83.04% | -57.37% | -40.11% | -10.78% | -274.71% | -64.37% | 20.65% | 40.10% | 10.49% | 269.04% | 10.71% | -16.64% | -1557.14% | 10.85% | 1.30% | 3.32% | -90.69% | -12.59% | 12.18% | 14.19% | -203.01% | 53.44% | 23.20% | 23.93% | 140.92% | 4.71% | 14.16% | 6.54% | -44.91% | -30.71% | -11.87% | -1.08% | -1.43% | 125.54% | 75.62% | 22.11% | 33.17% | -3.35% | -17.97% | 109.94% | -147.83% | 146.39% | -30.02% | -52.86% | 263.49% | -75.32% | 2.92% | -22.27% | -139.51% | -6.43% | -6.26% | 4.00% | 42.52% | -10.83% | 50.74% | 49.84% | 20.90% | 42.73% | 63.77% | 248.35% | |||||
qoq | 28.16% | -50.00% | 81.30% | 22.67% | -6.68% | -46.13% | 67.69% | -2.33% | -16.51% | -29.91% | 99.48% | -2.16% | -9.94% | 56.81% | -49.82% | 6.51% | -6.12% | -40.47% | 109.42% | -27.24% | -1.53% | -472.75% | -206.03% | -43.75% | -24.83% | -137.84% | -366.44% | -20.96% | 11.98% | -25.91% | -45.66% | 167.61% | 30.03% | -41.57% | 81.49% | -19.71% | -2.10% | -1121.43% | -113.81% | -26.63% | -0.14% | -192.02% | -229.66% | -5.84% | 1.65% | -16.99% | 93.12% | -24.40% | 2.25% | 61.39% | -16.07% | -17.58% | -4.58% | -16.55% | 5.57% | 4.83% | 7.11% | -16.85% | 141.56% | -18.37% | -25.53% | -9.31% | 75.31% | -30.72% | 90.61% | -120.66% | -1003.09% | -80.32% | 28.39% | -259.34% | -161.32% | -17.95% | -3.04% | -19.02% | 45.24% | -17.81% | 7.58% | 10.98% | -9.13% | 38.94% | 6.94% | -10.45% | 7.27% | 59.42% | 127.47% | ||
net income margin % | 4.40% | 3.70% | 7.42% | 4.10% | 3.37% | 3.68% | 6.67% | 4.04% | 4.06% | 4.97% | 7.01% | 3.48% | 3.45% | 3.76% | 2.29% | 4.70% | 4.45% | 5.05% | 8.28% | 4.15% | 5.96% | 6.44% | -1.92% | 1.80% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | |
earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 4,460,000 | 3,480,000 | 2,522,500 | 3,790,000 | 3,060,000 | 3,240,000 | 2,857,500 | 3,550,000 | 3,590,000 | 4,280,000 | 2,380,000 | 3,070,000 | 3,080,000 | 3,370,000 | 3,090,000 | 4,260,000 | 3,940,000 | 4,170,000 | 3,187,500 | 3,360,000 | 4,640,000 | 4,750,000 | 1,552,500 | 1,210,000 | 2,150,000 | 2,860,000 | 2,387,500 | 2,830,000 | 3,560,000 | 3,150,000 | 3,212,500 | 7,740,000 | 2,890,000 | 2,220,000 | 1,857,500 | 2,110,000 | 2,630,000 | 2,690,000 | 1,697,500 | 1,860,000 | 2,470,000 | 2,450,000 | 1,585,000 | 2,050,000 | 2,170,000 | 2,130,000 | 1,095,000 | 1,240,000 | 1,580,000 | 1,540,000 | 997,500 | 1,140,000 | 1,390,000 | 1,460,000 | 1,172,500 | 1,660,000 | 1,570,000 | 1,460,000 | 710,000 | 730,000 | 900,000 | 1,210,000 | 610,000 | 760,000 | 1,100,000 | 580,000 | 782,500 | 310,000 | 1,590,000 | 1,240,000 | 1,105,000 | 1,270,000 | 1,550,000 | 1,600,000 | 1,147,500 | 1,370,000 | 1,670,000 | 1,550,000 | 1,410,000 | 1,550,000 | 1,120,000 | 1,050,000 | 1,180,000 | 1,100,000 | 690,000 | 310,000 | |
diluted | 4,410,000 | 3,460,000 | 2,497,500 | 3,760,000 | 3,030,000 | 3,210,000 | 2,827,500 | 3,510,000 | 3,550,000 | 4,230,000 | 2,365,000 | 3,050,000 | 3,070,000 | 3,330,000 | 3,042,500 | 4,200,000 | 3,880,000 | 4,090,000 | 3,137,500 | 3,300,000 | 4,550,000 | 4,720,000 | 1,542,500 | 1,200,000 | 2,130,000 | 2,840,000 | 2,352,500 | 2,800,000 | 3,510,000 | 3,100,000 | 3,157,500 | 7,590,000 | 2,840,000 | 2,190,000 | 1,827,500 | 2,070,000 | 2,590,000 | 2,650,000 | 1,677,500 | 1,840,000 | 2,440,000 | 2,420,000 | 1,562,500 | 2,010,000 | 2,140,000 | 2,100,000 | 1,085,000 | 1,230,000 | 1,570,000 | 1,530,000 | 992,500 | 1,130,000 | 1,390,000 | 1,450,000 | 1,167,500 | 1,650,000 | 1,570,000 | 1,460,000 | 705,000 | 730,000 | 890,000 | 1,200,000 | 607,500 | 760,000 | 1,100,000 | 580,000 | 780,000 | 310,000 | 1,580,000 | 1,230,000 | 1,092,500 | 1,260,000 | 1,540,000 | 1,580,000 | 1,130,000 | 1,350,000 | 1,640,000 | 1,530,000 | 1,380,000 | 1,530,000 | 1,100,000 | 1,030,000 | 1,150,000 | 1,080,000 | 680,000 | 300,000 | |
dividends declared per common share | 1,450,000 | 2,900,000 | 1,380,000 | 1,380,000 | 1,380,000 | 2,760,000 | 945,000 | 1,260,000 | 1,260,000 | 1,260,000 | 1,150,000 | 1,150,000 | 1,150,000 | 2,300,000 | 750,000 | 750,000 | 750,000 | 1,500,000 | 650,000 | 650,000 | 650,000 | 1,300,000 | 650,000 | 650,000 | 650,000 | 1,300,000 | 650,000 | 650,000 | 650,000 | 1,300,000 | 500,000 | 500,000 | 500,000 | 1,000,000 | 400,000 | 400,000 | 400,000 | 800,000 | 250,000 | 250,000 | 250,000 | 500,000 | 200,000 | 200,000 | 200,000 | 400,000 | 150,000 | 150,000 | 150,000 | 300,000 | 140,000 | 140,000 | 140,000 | 280,000 | 130,000 | 130,000 | 130,000 | 260,000 | 120,000 | 120,000 | 120,000 | 240,000 | 110,000 | 110,000 | 110,000 | 220,000 | 110,000 | 110,000 | 110,000 | 220,000 | 75,000 | 100,000 | 100,000 | 100,000 | 67,500 | 90,000 | 90,000 | 90,000 | 80,000 | 70,000 | 70,000 | 70,000 | 120,000 | ||||
business optimization and realignment costs | 218,000,000 | 114,000,000 | 145,000,000 | 105,000,000 | 112,000,000 | 123,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 590,000,000 | 251,000,000 | 271,000,000 | 126,000,000 | 263,000,000 | 336,000,000 | 345,000,000 | 745,000,000 | 157,000,000 | 180,000,000 | 361,000,000 | 15,000,000 | 105,000,000 | 12,000,000 | 266,000,000 | 364,000,000 | 440,000,000 | 337,000,000 | 378,000,000 | 364,000,000 | 392,000,000 | 268,000,000 | 280,000,000 | 126,500,000 | 129,000,000 | 154,000,000 | 223,000,000 | 114,250,000 | 142,000,000 | 202,000,000 | 113,000,000 | 281,000,000 | 234,000,000 | 204,250,000 | 235,000,000 | 289,000,000 | 197,000,000 | 204,000,000 | 55,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
business realignment and optimization costs | 36,000,000 | 38,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other retirement plans income | 101,000,000 | -1,106,000,000 | 211,000,000 | -47,000,000 | 216,000,000 | 1,430,000,000 | 202,000,000 | 150,000,000 | 201,000,000 | -626,000,000 | 168,000,000 | 168,000,000 | 168,000,000 | -3,725,000,000 | 158,000,000 | 158,000,000 | 158,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business realignment costs | 60,000,000 | 107,000,000 | 44,000,000 | 67,000,000 | 106,000,000 | 10,000,000 | 316,000,000 | 4,000,000 | 16,000,000 | 47,000,000 | 14,000,000 | 283,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges | 16,500,000 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | 17,324,000,000 | 17,048,000,000 | 17,807,000,000 | 17,010,000,000 | 17,824,000,000 | 17,052,000,000 | 17,314,000,000 | 16,526,000,000 | 16,313,000,000 | 15,297,000,000 | 15,728,000,000 | 14,997,000,000 | 14,931,000,000 | 14,663,000,000 | 12,979,000,000 | 12,654,000,000 | 12,453,000,000 | 12,279,000,000 | 12,114,000,000 | 11,716,000,000 | 11,939,000,000 | 11,684,000,000 | 11,839,000,000 | 11,301,000,000 | 11,403,000,000 | 11,024,000,000 | 11,435,000,000 | 10,953,000,000 | 11,107,000,000 | 10,792,000,000 | 11,008,000,000 | 10,564,000,000 | 10,587,000,000 | 10,521,000,000 | 10,552,000,000 | 9,663,000,000 | 9,632,000,000 | 9,457,000,000 | 9,428,000,000 | 8,701,000,000 | 8,596,000,000 | 8,009,000,000 | 7,852,000,000 | 8,137,000,000 | 9,538,000,000 | 9,970,000,000 | 9,866,000,000 | 9,437,000,000 | 9,451,000,000 | 9,199,000,000 | 9,151,000,000 | 8,592,000,000 | 8,926,000,000 | 8,545,000,000 | 8,003,000,000 | 8,090,000,000 | 7,707,000,000 | 7,339,000,000 | 7,334,000,000 | 6,975,000,000 | 6,062,000,000 | 5,920,000,000 | |||||||||||||||||||||||||
impairment and other charges | 1,000,000 | 21,000,000 | 67,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share | 80,000 | 80,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
airline stabilization act charge | 48,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-11-30 | 2021-05-31 | 2020-05-31 | 2020-02-29 | 2019-11-30 | 2019-08-31 | 2018-05-31 | 2017-05-31 | 2016-11-30 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2012-08-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||
cash and cash equivalents | 6,166,000,000 | 5,502,000,000 | 5,135,000,000 | 5,029,000,000 | 5,943,000,000 | 6,501,000,000 | 6,856,000,000 | 6,897,000,000 | 7,143,000,000 | 10,764,000,000 | 3,059,000,000 | 3,042,000,000 | 3,935,000,000 | 5,096,000,000 | ||||||||||||||
receivables, less allowances of 822 and 773 | 11,516,000,000 | |||||||||||||||||||||||||||
spare parts, supplies, and fuel, less allowances of 315 and 308 | 604,000,000 | |||||||||||||||||||||||||||
prepaid expenses and other | 1,058,000,000 | 914,000,000 | 1,232,000,000 | 1,335,000,000 | 1,228,000,000 | 1,005,000,000 | 962,000,000 | 968,000,000 | 901,000,000 | 456,000,000 | 441,000,000 | 352,000,000 | ||||||||||||||||
total current assets | 19,344,000,000 | 18,386,000,000 | 17,214,000,000 | 17,721,000,000 | 18,094,000,000 | 18,207,000,000 | 18,610,000,000 | 20,365,000,000 | 12,052,000,000 | 9,781,000,000 | 10,866,000,000 | 11,493,000,000 | ||||||||||||||||
property and equipment, at cost | 88,126,000,000 | 86,565,000,000 | 85,658,000,000 | 85,158,000,000 | 48,918,000,000 | 40,019,000,000 | 39,301,000,000 | 38,167,000,000 | ||||||||||||||||||||
less accumulated depreciation and amortization | 46,742,000,000 | 45,980,000,000 | 45,601,000,000 | 44,652,000,000 | 43,903,000,000 | 42,900,000,000 | 39,926,000,000 | 37,184,000,000 | 23,611,000,000 | 20,734,000,000 | 20,181,000,000 | 19,730,000,000 | ||||||||||||||||
net property and equipment | 41,384,000,000 | 41,642,000,000 | 40,964,000,000 | 41,006,000,000 | 41,255,000,000 | 41,491,000,000 | 40,698,000,000 | 38,091,000,000 | 504,000,000 | 480,000,000 | 25,307,000,000 | 19,285,000,000 | 19,120,000,000 | 18,437,000,000 | ||||||||||||||
other long-term assets | ||||||||||||||||||||||||||||
operating lease right-of-use assets | 16,368,000,000 | 16,453,000,000 | 16,468,000,000 | 16,821,000,000 | 17,094,000,000 | 17,115,000,000 | 17,347,000,000 | 16,613,000,000 | 15,383,000,000 | 13,917,000,000 | ||||||||||||||||||
goodwill | 6,672,000,000 | 6,603,000,000 | 6,332,000,000 | 6,290,000,000 | 6,512,000,000 | 6,423,000,000 | 6,435,000,000 | 6,544,000,000 | 6,921,000,000 | 2,739,000,000 | 2,737,000,000 | 2,712,000,000 | ||||||||||||||||
other assets | 4,648,000,000 | 4,543,000,000 | 4,065,000,000 | 3,643,000,000 | 3,756,000,000 | 3,771,000,000 | 4,053,000,000 | 4,381,000,000 | 2,068,000,000 | 924,000,000 | 819,000,000 | 1,031,000,000 | ||||||||||||||||
total other long-term assets | 27,688,000,000 | 27,599,000,000 | 26,865,000,000 | 26,754,000,000 | 27,362,000,000 | 27,309,000,000 | 27,835,000,000 | 27,538,000,000 | 8,989,000,000 | 3,663,000,000 | 3,556,000,000 | 3,743,000,000 | ||||||||||||||||
liabilities and common stockholders’ investment | ||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||
current portion of long-term debt | 611,000,000 | 592,000,000 | 622,000,000 | 68,000,000 | 126,000,000 | 82,000,000 | 96,000,000 | 51,000,000 | 43,000,000 | 1,000,000 | 251,000,000 | 254,000,000 | ||||||||||||||||
accrued salaries and employee benefits | 2,601,000,000 | 2,710,000,000 | 2,336,000,000 | 2,673,000,000 | 2,475,000,000 | 2,531,000,000 | 1,765,000,000 | 1,284,000,000 | 1,403,000,000 | 1,366,000,000 | ||||||||||||||||||
accounts payable | 3,604,000,000 | 3,896,000,000 | 3,738,000,000 | 3,189,000,000 | 3,848,000,000 | 4,030,000,000 | 2,954,000,000 | 1,903,000,000 | 1,868,000,000 | 1,879,000,000 | ||||||||||||||||||
operating lease liabilities | 2,524,000,000 | 2,536,000,000 | 2,510,000,000 | 2,463,000,000 | 2,390,000,000 | 2,443,000,000 | 13,375,000,000 | 12,195,000,000 | ||||||||||||||||||||
accrued expenses | 4,556,000,000 | 4,658,000,000 | 4,905,000,000 | 4,962,000,000 | 4,747,000,000 | 5,188,000,000 | 3,045,000,000 | 1,831,000,000 | 1,884,000,000 | 2,024,000,000 | ||||||||||||||||||
total current liabilities | 13,896,000,000 | 14,392,000,000 | 14,111,000,000 | 13,355,000,000 | 13,586,000,000 | 14,274,000,000 | 7,807,000,000 | 5,019,000,000 | 5,406,000,000 | 5,523,000,000 | ||||||||||||||||||
long-term debt, less current portion | 19,530,000,000 | 19,433,000,000 | 19,664,000,000 | 20,135,000,000 | 20,453,000,000 | 20,182,000,000 | 429,000,000 | 434,000,000 | 13,553,000,000 | 4,735,000,000 | 2,739,000,000 | 2,739,000,000 | ||||||||||||||||
other long-term liabilities | ||||||||||||||||||||||||||||
deferred income taxes | 4,308,000,000 | 4,436,000,000 | 4,485,000,000 | 4,482,000,000 | 4,489,000,000 | 4,093,000,000 | 2,148,000,000 | 624,000,000 | 655,000,000 | 604,000,000 | ||||||||||||||||||
pension, postretirement healthcare, and other benefit obligations | 1,664,000,000 | 1,571,000,000 | 1,780,000,000 | 2,010,000,000 | 3,130,000,000 | 4,448,000,000 | ||||||||||||||||||||||
self-insurance accruals | 3,914,000,000 | 3,825,000,000 | 3,833,000,000 | 3,701,000,000 | 3,339,000,000 | 2,889,000,000 | 1,349,000,000 | 1,028,000,000 | 1,009,000,000 | 996,000,000 | ||||||||||||||||||
other liabilities | 657,000,000 | 651,000,000 | 693,000,000 | 689,000,000 | 695,000,000 | 682,000,000 | 423,000,000 | 102,000,000 | 109,000,000 | 109,000,000 | ||||||||||||||||||
total other long-term liabilities | 24,909,000,000 | 25,196,000,000 | 25,760,000,000 | 25,935,000,000 | 27,016,000,000 | 26,599,000,000 | 10,457,000,000 | 7,748,000,000 | 7,864,000,000 | 7,756,000,000 | ||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||
common stockholders’ investment | ||||||||||||||||||||||||||||
common stock | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | ||||||||||||||||||
additional paid-in capital | 4,245,000,000 | 4,165,000,000 | 4,134,000,000 | 3,988,000,000 | 3,769,000,000 | 3,712,000,000 | 2,946,000,000 | 2,259,000,000 | 2,666,000,000 | 2,696,000,000 | ||||||||||||||||||
retained earnings | 39,754,000,000 | 39,175,000,000 | 38,767,000,000 | 38,649,000,000 | 35,259,000,000 | 32,782,000,000 | 19,410,000,000 | 19,699,000,000 | 19,366,000,000 | 18,913,000,000 | ||||||||||||||||||
accumulated other comprehensive loss | -1,499,000,000 | -1,515,000,000 | -1,332,000,000 | -1,359,000,000 | -1,327,000,000 | -1,103,000,000 | -425,000,000 | -3,754,000,000 | -3,769,000,000 | -3,857,000,000 | ||||||||||||||||||
treasury stock | -15,824,000,000 | -15,397,000,000 | -14,425,000,000 | -13,728,000,000 | -11,645,000,000 | -10,484,000,000 | -7,432,000,000 | -3,009,000,000 | -762,000,000 | -129,000,000 | ||||||||||||||||||
total common stockholders’ investment | 26,708,000,000 | 26,460,000,000 | 27,176,000,000 | 27,582,000,000 | 26,088,000,000 | 24,939,000,000 | 14,531,000,000 | 15,227,000,000 | 17,533,000,000 | 17,655,000,000 | ||||||||||||||||||
receivables, less allowances of 773 and 775 | 11,368,000,000 | |||||||||||||||||||||||||||
spare parts, supplies, and fuel, less allowances of 308 and 288 | 602,000,000 | |||||||||||||||||||||||||||
aircraft and related equipment | 31,584,000,000 | 30,525,000,000 | 29,108,000,000 | 27,874,000,000 | ||||||||||||||||||||||||
package handling and ground support equipment | 18,878,000,000 | 17,880,000,000 | 16,839,000,000 | 14,930,000,000 | ||||||||||||||||||||||||
information technology | 9,706,000,000 | 9,203,000,000 | 8,792,000,000 | 8,098,000,000 | ||||||||||||||||||||||||
vehicles and trailers | 10,949,000,000 | 10,568,000,000 | 10,191,000,000 | 9,806,000,000 | ||||||||||||||||||||||||
facilities and other | 16,505,000,000 | 16,215,000,000 | 15,694,000,000 | 14,567,000,000 | ||||||||||||||||||||||||
total property and equipment, at cost | 87,622,000,000 | 84,391,000,000 | 80,624,000,000 | 75,275,000,000 | ||||||||||||||||||||||||
total assets | 87,627,000,000 | 87,007,000,000 | 87,143,000,000 | 85,994,000,000 | ||||||||||||||||||||||||
total liabilities and common stockholders’ investment | 87,007,000,000 | 87,143,000,000 | 85,994,000,000 | |||||||||||||||||||||||||
receivables, less allowances of 725 and 775 | 10,230,000,000 | |||||||||||||||||||||||||||
spare parts, supplies, and fuel, less allowances of 301 and 288 | 617,000,000 | |||||||||||||||||||||||||||
receivables, less allowances of 702 and 775 | 10,737,000,000 | 10,312,000,000 | ||||||||||||||||||||||||||
spare parts, supplies, and fuel, less allowances of 293 and 288 | 620,000,000 | |||||||||||||||||||||||||||
spare parts, supplies, and fuel, less allowances of 290 and 288 | 611,000,000 | |||||||||||||||||||||||||||
receivables, less allowances of 775 and 800 | 10,087,000,000 | |||||||||||||||||||||||||||
spare parts, supplies, and fuel, less allowances of 288 and 276 | 614,000,000 | |||||||||||||||||||||||||||
revenue by service type | ||||||||||||||||||||||||||||
fedex express segment: | ||||||||||||||||||||||||||||
package: | ||||||||||||||||||||||||||||
u.s. overnight box | 2,145,000,000 | 2,158,000,000 | 2,188,000,000 | 2,165,000,000 | 2,237,000,000 | 2,316,000,000 | 2,275,000,000 | |||||||||||||||||||||
u.s. overnight envelope | 450,000,000 | 447,000,000 | 485,000,000 | 478,000,000 | 474,000,000 | 525,000,000 | 479,000,000 | |||||||||||||||||||||
u.s. deferred | 1,317,000,000 | 1,208,000,000 | 1,187,000,000 | 1,346,000,000 | 1,253,000,000 | 1,287,000,000 | 1,422,000,000 | |||||||||||||||||||||
total u.s. domestic package revenue | 3,912,000,000 | 3,813,000,000 | 3,860,000,000 | 3,989,000,000 | 3,964,000,000 | 4,128,000,000 | 4,176,000,000 | |||||||||||||||||||||
international priority | 2,318,000,000 | 2,390,000,000 | 2,327,000,000 | 2,566,000,000 | 2,823,000,000 | 2,897,000,000 | 2,991,000,000 | |||||||||||||||||||||
international economy | 1,014,000,000 | 1,088,000,000 | 1,021,000,000 | 698,000,000 | 711,000,000 | 707,000,000 | 697,000,000 | |||||||||||||||||||||
total international export package revenue | 3,332,000,000 | 3,478,000,000 | 3,348,000,000 | 3,264,000,000 | 3,534,000,000 | 3,604,000,000 | 3,688,000,000 | |||||||||||||||||||||
international domestic | 1,016,000,000 | 1,086,000,000 | 1,024,000,000 | 1,003,000,000 | 1,036,000,000 | 974,000,000 | 1,016,000,000 | |||||||||||||||||||||
total package revenue | 8,260,000,000 | 8,377,000,000 | 8,232,000,000 | 8,256,000,000 | 8,534,000,000 | 8,706,000,000 | 8,880,000,000 | |||||||||||||||||||||
freight: | ||||||||||||||||||||||||||||
u.s. | 648,000,000 | 584,000,000 | 582,000,000 | 719,000,000 | 784,000,000 | 796,000,000 | 712,000,000 | |||||||||||||||||||||
international airfreight | 31,000,000 | 29,000,000 | 32,000,000 | 47,000,000 | 39,000,000 | 41,000,000 | 40,000,000 | |||||||||||||||||||||
total freight revenue | 1,588,000,000 | 1,604,000,000 | 1,592,000,000 | 1,811,000,000 | 2,022,000,000 | 2,102,000,000 | 2,078,000,000 | |||||||||||||||||||||
other | 253,000,000 | 273,000,000 | 261,000,000 | 278,000,000 | 308,000,000 | 319,000,000 | 346,000,000 | -69,000,000 | -18,000,000 | |||||||||||||||||||
total fedex express segment | 10,101,000,000 | 10,254,000,000 | 10,085,000,000 | 10,345,000,000 | 10,864,000,000 | 11,127,000,000 | 11,304,000,000 | |||||||||||||||||||||
fedex ground segment | 8,703,000,000 | 8,639,000,000 | 8,420,000,000 | 8,658,000,000 | 8,393,000,000 | 8,160,000,000 | 8,800,000,000 | |||||||||||||||||||||
fedex freight segment | 2,125,000,000 | 2,360,000,000 | 2,291,000,000 | 2,186,000,000 | 2,454,000,000 | 2,723,000,000 | 2,253,000,000 | |||||||||||||||||||||
fedex services segment | 64,000,000 | 65,000,000 | 72,000,000 | 87,000,000 | 68,000,000 | 70,000,000 | 65,000,000 | |||||||||||||||||||||
other and eliminations | 745,000,000 | 847,000,000 | 813,000,000 | 893,000,000 | 1,035,000,000 | 1,162,000,000 | 1,219,000,000 | |||||||||||||||||||||
foreign currency translation loss: | ||||||||||||||||||||||||||||
balance at beginning of period | -1,362,000,000 | -1,390,000,000 | -1,362,000,000 | -1,427,000,000 | -1,357,000,000 | -1,148,000,000 | -1,026,000,000 | |||||||||||||||||||||
translation adjustments | -39,000,000 | 28,000,000 | -28,000,000 | 80,000,000 | -70,000,000 | -209,000,000 | 91,000,000 | |||||||||||||||||||||
balance at end of period | -1,401,000,000 | -1,362,000,000 | -1,390,000,000 | -1,347,000,000 | -1,427,000,000 | -1,357,000,000 | -935,000,000 | |||||||||||||||||||||
retirement plans adjustments: | ||||||||||||||||||||||||||||
prior service credit arising during period | 36,000,000 | |||||||||||||||||||||||||||
reclassifications from aoci | -2,000,000 | -2,000,000 | -1,000,000 | -3,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | |||||||||||||||||||||
accumulated other comprehensive (loss) at end of period | -1,335,000,000 | -1,294,000,000 | -1,356,000,000 | -1,308,000,000 | -1,385,000,000 | -1,314,000,000 | -887,000,000 | |||||||||||||||||||||
receivables, less allowances of 800 and 692 | 10,188,000,000 | |||||||||||||||||||||||||||
spare parts, supplies, and fuel, less allowances of 276 and 360 | 604,000,000 | |||||||||||||||||||||||||||
receivables, less allowances of 692 and 742 | 11,863,000,000 | |||||||||||||||||||||||||||
spare parts, supplies, and fuel, less allowances of 360 and 349 | 637,000,000 | |||||||||||||||||||||||||||
service cost | 416,000,000 | |||||||||||||||||||||||||||
other retirement plans income: | ||||||||||||||||||||||||||||
interest cost | 511,000,000 | |||||||||||||||||||||||||||
expected return on plan assets | -955,000,000 | |||||||||||||||||||||||||||
amortization of prior service credit and other | -4,000,000 | |||||||||||||||||||||||||||
mtm net income | 36,000,000 | |||||||||||||||||||||||||||
fedex express segment | ||||||||||||||||||||||||||||
fedex custom critical, inc. | ||||||||||||||||||||||||||||
operating lease cost | 2,848,000,000 | 2,668,000,000 | 675,000,000 | 676,000,000 | 674,000,000 | |||||||||||||||||||||||
finance lease cost: | ||||||||||||||||||||||||||||
amortization of right-of-use assets | 23,000,000 | 18,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | |||||||||||||||||||||||
interest on lease liabilities | 17,000,000 | 12,000,000 | 6,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||
total finance lease cost | 40,000,000 | 30,000,000 | 12,000,000 | 4,000,000 | 4,000,000 | |||||||||||||||||||||||
short-term lease cost | 387,000,000 | 197,000,000 | 60,000,000 | 46,000,000 | 35,000,000 | |||||||||||||||||||||||
variable lease cost | 1,318,000,000 | 1,160,000,000 | 301,000,000 | 282,000,000 | 267,000,000 | |||||||||||||||||||||||
net lease cost | 4,593,000,000 | 4,055,000,000 | 1,048,000,000 | 1,008,000,000 | 980,000,000 | |||||||||||||||||||||||
cash paid for amounts included in the measurement of lease liabilities: | ||||||||||||||||||||||||||||
operating cash flows paid for operating leases | 2,750,000,000 | 2,608,000,000 | 2,016,000,000 | 1,247,000,000 | 635,000,000 | |||||||||||||||||||||||
operating cash flows paid for interest portion of finance leases | 16,000,000 | 14,000,000 | 10,000,000 | 2,000,000 | 1,000,000 | |||||||||||||||||||||||
financing cash flows paid for principal portion of finance leases | 75,000,000 | 84,000,000 | 84,000,000 | 64,000,000 | 27,000,000 | |||||||||||||||||||||||
right-of-use assets obtained in exchange for new operating lease liabilities | 3,703,000,000 | 1,915,000,000 | 1,390,000,000 | 1,049,000,000 | 235,000,000 | |||||||||||||||||||||||
right-of-use assets obtained in exchange for new finance lease liabilities | 126,000,000 | 484,000,000 | 464,000,000 | 93,000,000 | 76,000,000 | |||||||||||||||||||||||
operating leases: | ||||||||||||||||||||||||||||
current portion of operating lease liabilities | 2,208,000,000 | 1,923,000,000 | ||||||||||||||||||||||||||
total operating lease liabilities | 15,583,000,000 | 14,118,000,000 | ||||||||||||||||||||||||||
finance leases: | ||||||||||||||||||||||||||||
total finance lease liabilities | 525,000,000 | 485,000,000 | ||||||||||||||||||||||||||
weighted-average remaining lease term | ||||||||||||||||||||||||||||
operating leases | 9,900,000 | 9,900,000 | ||||||||||||||||||||||||||
finance leases | 30,100,000 | 32,000,000 | ||||||||||||||||||||||||||
weighted-average discount rate | ||||||||||||||||||||||||||||
asset class | ||||||||||||||||||||||||||||
equities | 30,000,000 | 30,000,000 | ||||||||||||||||||||||||||
u.s. large cap equity | 244,911,840,000,000 | 241,510,830,000,000 | ||||||||||||||||||||||||||
international equities | 3,506,162,681,172,000,000 | 3,521,142,747,157,000,000 | ||||||||||||||||||||||||||
global equities | 17,728,000,000 | 327,613,000,000 | ||||||||||||||||||||||||||
u.s. smid cap equity | 7,804,780,000,000 | 9,874,987,000,000 | ||||||||||||||||||||||||||
fixed income securities | 50,000,000 | 50,000,000 | ||||||||||||||||||||||||||
corporate | 5,834,265,834,000,000 | 8,163,338,163,000,000 | ||||||||||||||||||||||||||
government | 4,872,223,345,000,000 | 4,674,193,454,000,000 | ||||||||||||||||||||||||||
mortgage-backed and other | 6,263,125,000,000 | 6,032,129,000,000 | ||||||||||||||||||||||||||
alternative investments | 157,370,000,000 | 37,720,000,000 | ||||||||||||||||||||||||||
total u.s. plan assets | 22,057,100,000,000 | 24,933,100,000,000 | ||||||||||||||||||||||||||
total international plan assets | 1,320,100,000,000 | 1,206,100,000,000 | ||||||||||||||||||||||||||
certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy but are included in the total. | ||||||||||||||||||||||||||||
receivables, less allowances of 218 and 178 | 7,575,000,000 | |||||||||||||||||||||||||||
spare parts, supplies and fuel, less allowances of 225 and 218 | 517,000,000 | |||||||||||||||||||||||||||
liabilities and stockholders’ investment | ||||||||||||||||||||||||||||
pension, postretirement healthcare and other benefit obligations | 5,845,000,000 | 3,586,000,000 | 3,704,000,000 | 3,813,000,000 | ||||||||||||||||||||||||
deferred lease obligations | 547,000,000 | 741,000,000 | 882,000,000 | 797,000,000 | ||||||||||||||||||||||||
deferred gains, principally related to aircraft transactions | 145,000,000 | 208,000,000 | 215,000,000 | 221,000,000 | ||||||||||||||||||||||||
receivables, less allowances of 155 and 176 | 5,197,000,000 | |||||||||||||||||||||||||||
spare parts, supplies and fuel, less allowances of 207 and 205 | 462,000,000 | |||||||||||||||||||||||||||
receivables, less allowances of 162 and 176 | 5,377,000,000 | |||||||||||||||||||||||||||
spare parts, supplies and fuel, less allowances of 202 and 205 | 458,000,000 | |||||||||||||||||||||||||||
receivables, less allowances of 173 and 176 | 4,990,000,000 | |||||||||||||||||||||||||||
spare parts, supplies and fuel, less allowances of 209 and 205 | 451,000,000 | |||||||||||||||||||||||||||
basic earnings per common share: | ||||||||||||||||||||||||||||
net earnings allocable to common shares | 458,000,000 | |||||||||||||||||||||||||||
weighted-average common shares | 315,000,000 | |||||||||||||||||||||||||||
basic earnings per common share | 1,460,000 | |||||||||||||||||||||||||||
diluted earnings per common share: | ||||||||||||||||||||||||||||
dilutive effect of share-based awards | 1,000,000 | |||||||||||||||||||||||||||
weighted-average diluted shares | 316,000,000 | |||||||||||||||||||||||||||
diluted earnings per common share | 1,450,000 | |||||||||||||||||||||||||||
anti-dilutive options excluded from diluted earnings per common share | 13,900,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-11-30 | 2021-08-31 | 2021-05-31 | 2021-02-28 | 2020-11-30 | 2020-08-31 | 2020-05-31 | 2020-02-29 | 2019-11-30 | 2019-08-31 | 2019-05-31 | 2019-02-28 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-11-30 | 2016-08-31 | 2016-05-31 | 2015-08-31 | 2015-05-31 | 2015-02-28 | 2014-11-30 | 2014-08-31 | 2014-05-31 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2013-02-28 | 2012-11-30 | 2012-08-31 | 2012-02-29 | 2011-11-30 | 2011-08-31 | 2011-05-31 | 2011-02-28 | 2010-11-30 | 2010-08-31 | 2010-05-31 | 2010-02-28 | 2009-11-30 | 2009-08-31 | 2009-05-31 | 2009-02-28 | 2008-11-30 | 2008-08-31 | 2008-05-31 | 2008-02-29 | 2007-11-30 | 2007-08-31 | 2007-05-31 | 2007-02-28 | 2006-11-30 | 2006-08-31 | 2006-05-31 | 2006-02-28 | 2005-11-30 | 2005-08-31 | 2005-05-31 | 2005-02-28 | 2004-11-30 | 2004-08-31 | 2004-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 824,000,000 | 1,648,000,000 | 909,000,000 | 741,000,000 | 794,000,000 | 1,474,000,000 | 879,000,000 | 900,000,000 | 1,078,000,000 | 1,538,000,000 | 771,000,000 | 788,000,000 | 875,000,000 | 558,000,000 | 1,112,000,000 | 1,044,000,000 | 1,112,000,000 | 1,868,000,000 | 892,000,000 | 1,226,000,000 | 1,245,000,000 | -334,000,000 | 315,000,000 | 560,000,000 | 745,000,000 | -1,969,000,000 | 739,000,000 | 935,000,000 | 835,000,000 | 1,127,000,000 | 2,074,000,000 | 775,000,000 | 596,000,000 | 1,020,000,000 | 562,000,000 | 700,000,000 | 715,000,000 | -70,000,000 | 692,000,000 | -752,000,000 | 580,000,000 | 616,000,000 | 606,000,000 | 730,000,000 | 378,000,000 | 500,000,000 | 489,000,000 | 361,000,000 | 438,000,000 | 459,000,000 | 521,000,000 | 497,000,000 | 464,000,000 | 558,000,000 | 231,000,000 | 283,000,000 | 380,000,000 | 419,000,000 | 239,000,000 | 345,000,000 | 181,000,000 | -876,000,000 | 97,000,000 | 493,000,000 | 384,000,000 | -241,000,000 | 393,000,000 | 479,000,000 | 494,000,000 | 610,000,000 | 420,000,000 | 511,000,000 | 475,000,000 | 568,000,000 | 428,000,000 | 471,000,000 | 339,000,000 | 448,000,000 | 317,000,000 | 354,000,000 | 330,000,000 | 207,000,000 |
adjustments to reconcile net income to cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 1,092,000,000 | -2,791,000,000 | 1,066,000,000 | 1,063,000,000 | 1,078,000,000 | 1,072,000,000 | 1,040,000,000 | 1,071,000,000 | 1,075,000,000 | 1,031,000,000 | 1,046,000,000 | 1,024,000,000 | 1,018,000,000 | 986,000,000 | 995,000,000 | 971,000,000 | 975,000,000 | 956,000,000 | 936,000,000 | 926,000,000 | 927,000,000 | 908,000,000 | 901,000,000 | 879,000,000 | 866,000,000 | 851,000,000 | 828,000,000 | 808,000,000 | 802,000,000 | 786,000,000 | 756,000,000 | 751,000,000 | 754,000,000 | 762,000,000 | 740,000,000 | 739,000,000 | 667,000,000 | 648,000,000 | 657,000,000 | 652,000,000 | 651,000,000 | 651,000,000 | 649,000,000 | 652,000,000 | 647,000,000 | 639,000,000 | 599,000,000 | 592,000,000 | 573,000,000 | 543,000,000 | 518,000,000 | 509,000,000 | 499,000,000 | 493,000,000 | 502,000,000 | 479,000,000 | 488,000,000 | 488,000,000 | 487,000,000 | 495,000,000 | 496,000,000 | 496,000,000 | 491,000,000 | 492,000,000 | 499,000,000 | 492,000,000 | 482,000,000 | 473,000,000 | 464,000,000 | 449,000,000 | 430,000,000 | 399,000,000 | 391,000,000 | 386,000,000 | 368,000,000 | 368,000,000 | 363,000,000 | 360,000,000 | 340,000,000 | |||
provision for uncollectible accounts | 219,000,000 | 132,000,000 | 121,000,000 | 129,000,000 | 107,000,000 | 113,000,000 | 103,000,000 | 245,000,000 | 105,000,000 | 61,000,000 | 60,000,000 | 39,000,000 | 31,000,000 | 33,000,000 | 35,000,000 | 35,000,000 | 30,000,000 | 28,000,000 | 37,000,000 | 37,000,000 | 43,000,000 | 29,000,000 | 33,000,000 | 28,000,000 | 29,000,000 | 29,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash items including leases and deferred income taxes | 718,000,000 | 764,000,000 | 772,000,000 | 817,000,000 | 714,000,000 | 699,000,000 | 728,000,000 | 1,047,000,000 | 836,000,000 | 815,000,000 | 774,000,000 | 433,000,000 | 785,000,000 | 829,000,000 | 884,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 56,000,000 | 32,000,000 | 36,000,000 | 48,000,000 | 34,000,000 | 40,000,000 | 56,000,000 | 40,000,000 | 34,000,000 | 40,000,000 | 68,000,000 | 39,000,000 | 39,000,000 | 43,000,000 | 69,000,000 | 39,000,000 | 40,000,000 | 46,000,000 | 75,000,000 | 31,000,000 | 33,000,000 | 37,000,000 | 67,000,000 | 33,000,000 | 33,000,000 | 40,000,000 | 68,000,000 | 32,000,000 | 32,000,000 | 41,000,000 | 62,000,000 | 31,000,000 | 30,000,000 | 36,000,000 | 57,000,000 | 29,000,000 | 53,000,000 | 27,000,000 | 27,000,000 | 31,000,000 | 48,000,000 | 23,000,000 | 23,000,000 | 26,000,000 | 45,000,000 | 23,000,000 | 24,000,000 | 40,000,000 | 23,000,000 | 23,000,000 | 37,000,000 | 20,000,000 | 22,000,000 | 22,000,000 | 34,000,000 | 21,000,000 | 22,000,000 | 23,000,000 | 35,000,000 | 21,000,000 | 22,000,000 | 23,000,000 | 33,000,000 | 24,000,000 | 23,000,000 | 25,000,000 | 29,000,000 | |||||||||||||||
separation and other costs, net of payments | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business optimization costs, net of payments | -110,000,000 | -71,000,000 | -11,000,000 | 194,000,000 | -69,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | -336,000,000 | 387,000,000 | -774,000,000 | -305,000,000 | 577,000,000 | -561,000,000 | -126,000,000 | 409,000,000 | 885,000,000 | -771,000,000 | 259,000,000 | -244,000,000 | 453,000,000 | -1,245,000,000 | 726,000,000 | -202,000,000 | -87,000,000 | -713,000,000 | -387,000,000 | -827,000,000 | 180,000,000 | -417,000,000 | -267,000,000 | -93,000,000 | 563,000,000 | -963,000,000 | -380,000,000 | -63,000,000 | -3,000,000 | -712,000,000 | -271,000,000 | -216,000,000 | 173,000,000 | -533,000,000 | 20,000,000 | -121,000,000 | 50,000,000 | -192,000,000 | 117,000,000 | -231,000,000 | -86,000,000 | -274,000,000 | 143,000,000 | -395,000,000 | 10,000,000 | 223,000,000 | -506,000,000 | 3,000,000 | 204,000,000 | -250,000,000 | -41,000,000 | -116,000,000 | -205,000,000 | -117,000,000 | 38,000,000 | -261,000,000 | -237,000,000 | -356,000,000 | -52,000,000 | 212,000,000 | 551,000,000 | 97,000,000 | -98,000,000 | -114,000,000 | 46,000,000 | -344,000,000 | -35,000,000 | -30,000,000 | 59,000,000 | -214,000,000 | -138,000,000 | 123,000,000 | ||||||||||
other assets | -160,000,000 | 43,000,000 | 112,000,000 | -223,000,000 | -9,000,000 | 21,000,000 | -131,000,000 | 104,000,000 | -44,000,000 | -170,000,000 | 1,000,000 | -65,000,000 | -171,000,000 | -109,000,000 | -26,000,000 | -30,000,000 | 13,000,000 | -44,000,000 | -118,000,000 | 15,000,000 | 9,000,000 | -120,000,000 | 187,000,000 | -196,000,000 | -142,000,000 | 15,000,000 | -246,000,000 | -4,000,000 | -89,000,000 | 8,000,000 | -16,000,000 | -30,000,000 | -24,000,000 | -95,000,000 | -31,000,000 | 19,000,000 | -53,000,000 | 147,000,000 | -109,000,000 | -45,000,000 | 1,000,000 | 98,000,000 | -159,000,000 | -23,000,000 | -30,000,000 | 38,000,000 | -2,000,000 | -2,000,000 | 242,000,000 | -300,000,000 | -5,000,000 | 12,000,000 | 97,000,000 | |||||||||||||||||||||||||||||
accounts payable and other liabilities | -571,000,000 | -1,296,000,000 | -982,000,000 | -1,105,000,000 | -1,736,000,000 | -505,000,000 | -470,000,000 | 203,000,000 | -1,540,000,000 | -521,000,000 | -1,473,000,000 | 1,031,000,000 | -1,310,000,000 | 34,000,000 | -1,616,000,000 | 8,000,000 | -178,000,000 | 43,000,000 | 198,000,000 | 825,000,000 | -921,000,000 | -154,000,000 | -1,537,000,000 | 736,000,000 | -1,080,000,000 | 357,000,000 | -584,000,000 | 2,922,000,000 | -2,217,000,000 | -24,000,000 | -540,000,000 | 1,745,000,000 | -1,709,000,000 | 820,000,000 | -753,000,000 | 613,000,000 | -151,000,000 | 1,258,000,000 | -398,000,000 | 56,000,000 | -257,000,000 | 658,000,000 | -417,000,000 | -133,000,000 | -343,000,000 | -225,000,000 | 129,000,000 | -474,000,000 | -779,000,000 | 382,000,000 | -263,000,000 | 430,000,000 | -313,000,000 | 413,000,000 | -160,000,000 | 422,000,000 | -16,000,000 | 166,000,000 | -476,000,000 | |||||||||||||||||||||||
other | -43,000,000 | 622,000,000 | -14,000,000 | 35,000,000 | 23,000,000 | 19,000,000 | -6,000,000 | -18,000,000 | -6,000,000 | -30,000,000 | -16,000,000 | 11,000,000 | 19,000,000 | -32,000,000 | -7,000,000 | -10,000,000 | -44,000,000 | -36,000,000 | -27,000,000 | -84,000,000 | -50,000,000 | 14,000,000 | -5,000,000 | -13,000,000 | -3,000,000 | -11,000,000 | -52,000,000 | -19,000,000 | -31,000,000 | -16,000,000 | -15,000,000 | -18,000,000 | -23,000,000 | -106,000,000 | -16,000,000 | -2,000,000 | -15,000,000 | -220,000,000 | -10,000,000 | -11,000,000 | -3,000,000 | -13,000,000 | -10,000,000 | 1,000,000 | -7,000,000 | -10,000,000 | -6,000,000 | -5,000,000 | 0 | -14,000,000 | -9,000,000 | -5,000,000 | -21,000,000 | -2,000,000 | -1,000,000 | -7,000,000 | -9,000,000 | 524,000,000 | -108,000,000 | -508,000,000 | 45,000,000 | 342,000,000 | 39,000,000 | -434,000,000 | 26,000,000 | -4,000,000 | -30,000,000 | -2,000,000 | -25,000,000 | 158,000,000 | 121,000,000 | -294,000,000 | -15,000,000 | 81,000,000 | -368,000,000 | 77,000,000 | 5,000,000 | 13,000,000 | ||||
cash from operating activities | 1,716,000,000 | 2,519,000,000 | 2,012,000,000 | 1,318,000,000 | 1,187,000,000 | 2,698,000,000 | 1,610,000,000 | 1,774,000,000 | 2,230,000,000 | 3,447,000,000 | 2,276,000,000 | 1,518,000,000 | 1,607,000,000 | 3,502,000,000 | 2,248,000,000 | 1,998,000,000 | 2,084,000,000 | 2,743,000,000 | 2,162,000,000 | 2,579,000,000 | 2,651,000,000 | 1,819,000,000 | 1,204,000,000 | 1,509,000,000 | 565,000,000 | 2,290,000,000 | 1,144,000,000 | 1,478,000,000 | 701,000,000 | 3,512,000,000 | -336,000,000 | 908,000,000 | 590,000,000 | 2,285,000,000 | 10,000,000 | 1,664,000,000 | 971,000,000 | 1,912,000,000 | 1,241,000,000 | 1,893,000,000 | 1,322,000,000 | 1,169,000,000 | 982,000,000 | 1,686,000,000 | 969,000,000 | 680,000,000 | 929,000,000 | 1,258,000,000 | 815,000,000 | 903,000,000 | 849,000,000 | 1,308,000,000 | 860,000,000 | 1,584,000,000 | 446,000,000 | 1,215,000,000 | 796,000,000 | 1,230,000,000 | 551,000,000 | 459,000,000 | 898,000,000 | 532,000,000 | 766,000,000 | 757,000,000 | 698,000,000 | 1,293,000,000 | 913,000,000 | 475,000,000 | 803,000,000 | |||||||||||||
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -623,000,000 | -1,473,000,000 | -997,000,000 | -818,000,000 | -767,000,000 | -1,202,000,000 | -1,379,000,000 | -1,305,000,000 | -1,290,000,000 | -1,754,000,000 | -1,278,000,000 | -1,858,000,000 | -1,284,000,000 | -2,384,000,000 | -1,236,000,000 | -1,573,000,000 | -1,570,000,000 | -1,682,000,000 | -1,376,000,000 | -1,402,000,000 | -1,424,000,000 | -1,163,000,000 | -1,439,000,000 | -1,848,000,000 | -1,418,000,000 | -1,733,000,000 | -1,123,000,000 | -1,455,000,000 | -1,179,000,000 | -1,669,000,000 | -1,373,000,000 | -1,577,000,000 | -1,044,000,000 | -1,326,000,000 | -1,109,000,000 | -1,466,000,000 | -1,215,000,000 | -1,256,000,000 | -1,209,000,000 | -1,378,000,000 | -1,079,000,000 | -1,170,000,000 | -720,000,000 | -979,000,000 | -864,000,000 | -1,118,000,000 | -572,000,000 | -542,000,000 | -916,000,000 | -972,000,000 | -729,000,000 | -1,107,000,000 | -1,110,000,000 | -731,000,000 | -644,000,000 | -1,047,000,000 | -1,012,000,000 | -835,000,000 | -432,000,000 | -669,000,000 | -880,000,000 | -472,000,000 | -600,000,000 | -751,000,000 | -636,000,000 | -791,000,000 | -643,000,000 | -747,000,000 | -766,000,000 | |||||||||||||
free cash flows | 1,093,000,000 | 1,046,000,000 | 1,015,000,000 | 500,000,000 | 420,000,000 | 1,496,000,000 | 231,000,000 | 469,000,000 | 940,000,000 | 1,693,000,000 | 998,000,000 | -340,000,000 | 323,000,000 | 1,118,000,000 | 1,012,000,000 | 425,000,000 | 514,000,000 | 1,061,000,000 | 786,000,000 | 1,177,000,000 | 1,227,000,000 | 656,000,000 | -235,000,000 | -339,000,000 | -853,000,000 | 557,000,000 | 21,000,000 | 23,000,000 | -478,000,000 | 1,843,000,000 | -1,709,000,000 | -669,000,000 | -454,000,000 | 959,000,000 | -1,099,000,000 | 198,000,000 | -244,000,000 | 656,000,000 | 32,000,000 | 515,000,000 | 243,000,000 | -1,000,000 | 262,000,000 | 707,000,000 | 105,000,000 | -438,000,000 | 357,000,000 | 716,000,000 | -101,000,000 | -69,000,000 | 120,000,000 | 201,000,000 | -250,000,000 | 853,000,000 | -198,000,000 | 168,000,000 | -216,000,000 | 395,000,000 | 119,000,000 | -210,000,000 | 18,000,000 | 60,000,000 | 166,000,000 | 6,000,000 | 62,000,000 | 502,000,000 | 270,000,000 | -272,000,000 | 37,000,000 | |||||||||||||
purchase of investments | -34,000,000 | -65,000,000 | -90,000,000 | -46,000,000 | -61,000,000 | -66,000,000 | -35,000,000 | -73,000,000 | -2,000,000 | -2,000,000 | -4,000,000 | -43,000,000 | -35,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investments | 30,000,000 | 33,000,000 | 25,000,000 | 39,000,000 | 13,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from asset dispositions and other investing activities | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities | -619,000,000 | -1,432,000,000 | -1,054,000,000 | -804,000,000 | -802,000,000 | -1,234,000,000 | -1,358,000,000 | -1,328,000,000 | -1,280,000,000 | -1,744,000,000 | -1,230,000,000 | -1,891,000,000 | -1,309,000,000 | -2,363,000,000 | -1,341,000,000 | -1,562,000,000 | -1,550,000,000 | -1,671,000,000 | -1,527,000,000 | -1,394,000,000 | -1,418,000,000 | -1,156,000,000 | -1,428,000,000 | -1,843,000,000 | -1,419,000,000 | -1,778,000,000 | -1,114,000,000 | -1,480,000,000 | -1,101,000,000 | -1,660,000,000 | -1,364,000,000 | -1,615,000,000 | -1,038,000,000 | -1,314,000,000 | -1,086,000,000 | -1,375,000,000 | -1,206,000,000 | -5,867,000,000 | -1,199,000,000 | -1,370,000,000 | -2,499,000,000 | -1,167,000,000 | -716,000,000 | -1,020,000,000 | -860,000,000 | -1,109,000,000 | -562,000,000 | -517,000,000 | -908,000,000 | -1,443,000,000 | -724,000,000 | -1,100,000,000 | -1,216,000,000 | -635,000,000 | -732,000,000 | -1,043,000,000 | -1,009,000,000 | -831,000,000 | -434,000,000 | -662,000,000 | -854,000,000 | -431,000,000 | -595,000,000 | -736,000,000 | -621,000,000 | -770,000,000 | -625,000,000 | -731,000,000 | -771,000,000 | |||||||||||||
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt issuances | 997,000,000 | 3,242,000,000 | 0 | 11,000,000 | 959,000,000 | 4,463,000,000 | 0 | 0 | 2,093,000,000 | 0 | 1,230,000,000 | -1,000,000 | 0 | 5,281,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on debt | -625,000,000 | -68,000,000 | -42,000,000 | -13,000,000 | -34,000,000 | -4,000,000 | -49,000,000 | -28,000,000 | -66,000,000 | -29,000,000 | -91,000,000 | -3,000,000 | -29,000,000 | -48,000,000 | -41,000,000 | -8,000,000 | -64,000,000 | -30,000,000 | -30,000,000 | -45,000,000 | -1,503,000,000 | -24,000,000 | -36,000,000 | -985,000,000 | -562,000,000 | -89,000,000 | -783,000,000 | -2,000,000 | -7,000,000 | -3,000,000 | -16,000,000 | -12,000,000 | -33,000,000 | -6,000,000 | -31,000,000 | -12,000,000 | -13,000,000 | -15,000,000 | -4,000,000 | 0 | 0 | -251,000,000 | 0 | -116,000,000 | -301,000,000 | -10,000,000 | -1,000,000 | -17,000,000 | 0 | -250,000,000 | 0 | -12,000,000 | -21,000,000 | -7,000,000 | -117,000,000 | -508,000,000 | -500,000,000 | 0 | 0 | -1,000,000 | -16,000,000 | -108,000,000 | -8,000,000 | -507,000,000 | -623,000,000 | -57,000,000 | -5,000,000 | -221,000,000 | -253,000,000 | |||||||||||||
proceeds from stock issuances | 18,000,000 | 52,000,000 | 32,000,000 | 36,000,000 | 404,000,000 | 226,000,000 | 54,000,000 | 54,000,000 | 157,000,000 | 117,000,000 | 25,000,000 | 8,000,000 | 81,000,000 | 33,000,000 | 40,000,000 | 27,000,000 | 84,000,000 | 258,000,000 | 51,000,000 | 349,000,000 | 82,000,000 | 26,000,000 | 12,000,000 | 14,000,000 | 12,000,000 | 43,000,000 | 13,000,000 | 20,000,000 | 25,000,000 | 43,000,000 | 79,000,000 | 55,000,000 | 150,000,000 | 72,000,000 | 101,000,000 | 124,000,000 | 40,000,000 | 104,000,000 | 46,000,000 | 48,000,000 | 83,000,000 | 92,000,000 | 97,000,000 | 95,000,000 | 82,000,000 | 249,000,000 | 131,000,000 | 168,000,000 | 23,000,000 | 30,000,000 | 51,000,000 | 4,000,000 | 28,000,000 | 44,000,000 | 39,000,000 | 17,000,000 | 8,000,000 | 58,000,000 | 12,000,000 | 17,000,000 | 7,000,000 | 31,000,000 | 2,000,000 | 3,000,000 | 5,000,000 | 37,000,000 | 21,000,000 | 10,000,000 | 40,000,000 | 22,000,000 | 38,000,000 | 25,000,000 | 30,000,000 | 52,000,000 | 35,000,000 | 18,000,000 | 27,000,000 | 31,000,000 | 30,000,000 | 11,000,000 | ||
dividends paid | -345,000,000 | -331,000,000 | -332,000,000 | -337,000,000 | -339,000,000 | -310,000,000 | -314,000,000 | -317,000,000 | -318,000,000 | -289,000,000 | -290,000,000 | -299,000,000 | -299,000,000 | -195,000,000 | -198,000,000 | -200,000,000 | -200,000,000 | -173,000,000 | -172,000,000 | -171,000,000 | -170,000,000 | -170,000,000 | -170,000,000 | -169,000,000 | -170,000,000 | -169,000,000 | -341,000,000 | 0 | -173,000,000 | -133,000,000 | -134,000,000 | -134,000,000 | -134,000,000 | -107,000,000 | -106,000,000 | -107,000,000 | -106,000,000 | -67,000,000 | -71,000,000 | -56,000,000 | -57,000,000 | -57,000,000 | -57,000,000 | -45,000,000 | -47,000,000 | -47,000,000 | -48,000,000 | -44,000,000 | -44,000,000 | -44,000,000 | -41,000,000 | -41,000,000 | -41,000,000 | -38,000,000 | -37,000,000 | -38,000,000 | -38,000,000 | -35,000,000 | -34,000,000 | -35,000,000 | -34,000,000 | -34,000,000 | -35,000,000 | -34,000,000 | -34,000,000 | -31,000,000 | -31,000,000 | -31,000,000 | -31,000,000 | -27,000,000 | -28,000,000 | -27,000,000 | -28,000,000 | -25,000,000 | ||||||||
purchases of common stock | -500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities | -460,000,000 | -847,000,000 | -863,000,000 | -1,340,000,000 | -969,000,000 | -592,000,000 | -1,316,000,000 | -791,000,000 | -727,000,000 | -201,000,000 | -356,000,000 | -1,793,000,000 | -247,000,000 | -211,000,000 | -1,699,000,000 | -379,000,000 | -730,000,000 | -2,911,000,000 | -152,000,000 | 148,000,000 | 825,000,000 | 2,514,000,000 | -34,000,000 | -41,000,000 | 942,000,000 | -1,032,000,000 | 695,000,000 | -230,000,000 | -472,000,000 | -1,350,000,000 | 1,685,000,000 | -20,000,000 | -88,000,000 | -203,000,000 | 1,162,000,000 | -118,000,000 | -313,000,000 | 4,672,000,000 | -224,000,000 | -234,000,000 | 2,433,000,000 | -109,000,000 | -741,000,000 | -807,000,000 | -995,000,000 | -736,000,000 | -181,000,000 | 127,000,000 | -135,000,000 | 425,000,000 | 2,000,000 | -234,000,000 | -26,000,000 | 13,000,000 | -241,000,000 | -18,000,000 | -41,000,000 | 14,000,000 | -25,000,000 | -131,000,000 | -550,000,000 | -500,000,000 | 960,000,000 | -30,000,000 | -30,000,000 | 5,000,000 | -107,000,000 | -26,000,000 | -489,000,000 | |||||||||||||
effect of exchange rate changes on cash | 27,000,000 | 127,000,000 | 11,000,000 | -88,000,000 | 26,000,000 | -15,000,000 | -21,000,000 | 19,000,000 | -24,000,000 | -19,000,000 | 37,000,000 | -38,000,000 | -98,000,000 | -96,000,000 | 24,000,000 | -77,000,000 | -38,000,000 | 70,000,000 | 34,000,000 | 52,000,000 | 15,000,000 | -62,000,000 | -7,000,000 | 17,000,000 | -18,000,000 | -33,000,000 | 24,000,000 | -14,000,000 | -24,000,000 | -26,000,000 | 36,000,000 | -8,000,000 | 70,000,000 | 28,000,000 | 28,000,000 | -101,000,000 | 3,000,000 | -24,000,000 | -38,000,000 | -4,000,000 | -44,000,000 | -43,000,000 | -17,000,000 | 7,000,000 | -7,000,000 | 4,000,000 | -7,000,000 | -13,000,000 | 2,000,000 | 15,000,000 | 17,000,000 | -37,000,000 | 13,000,000 | 7,000,000 | 9,000,000 | 14,000,000 | 11,000,000 | -10,000,000 | -8,000,000 | 10,000,000 | 3,000,000 | 18,000,000 | 0 | -22,000,000 | -13,000,000 | |||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 664,000,000 | -558,000,000 | 199,000,000 | 832,000,000 | -768,000,000 | -20,000,000 | -234,000,000 | -1,769,000,000 | 517,000,000 | 1,385,000,000 | 2,073,000,000 | 70,000,000 | 693,000,000 | 285,000,000 | -492,000,000 | -134,000,000 | 179,000,000 | 403,000,000 | 84,000,000 | -324,000,000 | -503,000,000 | -381,000,000 | 1,131,000,000 | -31,000,000 | 34,000,000 | -457,000,000 | -201,000,000 | 753,000,000 | 816,000,000 | 12,000,000 | -45,000,000 | 342,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 5,502,000,000 | 0 | 0 | 6,501,000,000 | 0 | 0 | 6,856,000,000 | 0 | 0 | 0 | 6,897,000,000 | 0 | 0 | 0 | 7,087,000,000 | 0 | 0 | 0 | 4,881,000,000 | 0 | 0 | 0 | 2,319,000,000 | 0 | 0 | 0 | 3,265,000,000 | 0 | 0 | 0 | 3,969,000,000 | 0 | 0 | 0 | 3,534,000,000 | 0 | 3,763,000,000 | 0 | 0 | 0 | 2,908,000,000 | 0 | 0 | 0 | 4,917,000,000 | 0 | 0 | 2,843,000,000 | 0 | 0 | 2,328,000,000 | 0 | 0 | 0 | 1,952,000,000 | 0 | 0 | 0 | 2,292,000,000 | 0 | 0 | 0 | 1,539,000,000 | 0 | 0 | 0 | 1,569,000,000 | 0 | 0 | 0 | 1,937,000,000 | 0 | 0 | 1,039,000,000 | 0 | 0 | 1,046,000,000 | 0 | ||||
cash and cash equivalents at end of period | 6,166,000,000 | 367,000,000 | 106,000,000 | -914,000,000 | 5,943,000,000 | 857,000,000 | -1,085,000,000 | -326,000,000 | 7,055,000,000 | 1,483,000,000 | 727,000,000 | -2,204,000,000 | 6,850,000,000 | 832,000,000 | -768,000,000 | -20,000,000 | 6,853,000,000 | -1,769,000,000 | 517,000,000 | 1,385,000,000 | 6,954,000,000 | 3,115,000,000 | -265,000,000 | -358,000,000 | 2,389,000,000 | -553,000,000 | 749,000,000 | -246,000,000 | 2,369,000,000 | 476,000,000 | 21,000,000 | -735,000,000 | 3,503,000,000 | 796,000,000 | 114,000,000 | 70,000,000 | 2,989,000,000 | 693,000,000 | 3,543,000,000 | 285,000,000 | 1,212,000,000 | -150,000,000 | 2,416,000,000 | -134,000,000 | -893,000,000 | -1,161,000,000 | 5,096,000,000 | 855,000,000 | -226,000,000 | 2,743,000,000 | 144,000,000 | -63,000,000 | 1,959,000,000 | 969,000,000 | -518,000,000 | 168,000,000 | 1,709,000,000 | 403,000,000 | 84,000,000 | -324,000,000 | 1,789,000,000 | -381,000,000 | 1,131,000,000 | -31,000,000 | 1,573,000,000 | 528,000,000 | 181,000,000 | -282,000,000 | 1,112,000,000 | -201,000,000 | -85,000,000 | -835,000,000 | 2,690,000,000 | 335,000,000 | -265,000,000 | 1,051,000,000 | 145,000,000 | -449,000,000 | 1,388,000,000 | -555,000,000 | ||
revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
salaries and employee benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchased transportation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rentals | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maintenance and repairs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intercompany charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating margin | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average daily shipments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
priority | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
economy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total average daily shipments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weight per shipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
composite weight per shipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue per shipment: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
composite revenue per shipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue per hundredweight: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
composite revenue per hundredweight | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement plans mark-to-market adjustments | 1,318,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash charges and credits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from asset dispositions and other investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 367,000,000 | 106,000,000 | 857,000,000 | -1,085,000,000 | 727,000,000 | -2,204,000,000 | -47,000,000 | -265,000,000 | 749,000,000 | -246,000,000 | -896,000,000 | 21,000,000 | -735,000,000 | -466,000,000 | 114,000,000 | 70,000,000 | -545,000,000 | -220,000,000 | -226,000,000 | -100,000,000 | 144,000,000 | -63,000,000 | -369,000,000 | -518,000,000 | 168,000,000 | -243,000,000 | 181,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from asset dispositions and other | 8,000,000 | 21,000,000 | 13,000,000 | 20,000,000 | 32,000,000 | 50,000,000 | 12,000,000 | 12,000,000 | 52,000,000 | 10,000,000 | 10,000,000 | 23,000,000 | 40,000,000 | 11,000,000 | 20,000,000 | 14,000,000 | 74,000,000 | 8,000,000 | 6,000,000 | 7,000,000 | 11,000,000 | 5,000,000 | -1,000,000 | 21,000,000 | 9,000,000 | -25,000,000 | 78,000,000 | 21,000,000 | 9,000,000 | 6,000,000 | 6,000,000 | 12,000,000 | 23,000,000 | 91,000,000 | 9,000,000 | 10,000,000 | 8,000,000 | 9,000,000 | 3,000,000 | 4,000,000 | -5,000,000 | 4,000,000 | 9,000,000 | 10,000,000 | 25,000,000 | 8,000,000 | 12,000,000 | 5,000,000 | 10,000,000 | 5,000,000 | 96,000,000 | 8,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | -2,000,000 | 7,000,000 | 26,000,000 | 44,000,000 | 5,000,000 | 15,000,000 | 15,000,000 | 25,000,000 | 18,000,000 | 16,000,000 | -5,000,000 | ||||||||||||||||
purchase of treasury stock | -1,020,000,000 | -1,000,000,000 | -500,000,000 | -1,000,000,000 | -500,000,000 | -500,000,000 | 0 | 0 | 0 | -1,500,000,000 | -199,000,000 | -549,000,000 | 0 | 0 | 0 | -3,000,000 | -115,000,000 | -94,000,000 | -646,000,000 | -625,000,000 | -459,000,000 | -288,000,000 | -184,000,000 | -86,000,000 | -151,000,000 | -24,000,000 | -112,000,000 | -222,000,000 | -190,000,000 | -156,000,000 | -791,000,000 | -941,000,000 | -278,000,000 | 0 | 0 | -246,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
goodwill and other asset impairment charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business optimization and realignment costs, net of payments | 76,000,000 | -22,000,000 | 45,000,000 | -73,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from uncollectible accounts | 160,000,000 | 111,000,000 | 76,000,000 | 116,000,000 | 94,000,000 | 117,000,000 | 149,000,000 | 137,000,000 | 148,000,000 | 143,000,000 | 147,000,000 | 87,000,000 | 82,000,000 | 21,000,000 | 39,000,000 | 28,000,000 | 47,000,000 | 42,000,000 | 35,000,000 | 31,000,000 | 32,000,000 | 33,000,000 | 35,000,000 | 47,000,000 | 35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | -9,000,000 | -44,000,000 | -32,000,000 | -39,000,000 | -8,000,000 | -25,000,000 | -13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement healthcare assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | -3,000,000 | -135,000,000 | 0 | 0 | 0 | 0 | -483,000,000 | -319,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business optimization and realignment costs/(payments) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business realignment and optimization costs/(payments) | -26,000,000 | -14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business realignment costs | -75,000,000 | 73,000,000 | 19,000,000 | 36,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash items including leases and deferred income tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement plan mark-to-market adjustment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash items and deferred income taxes | 538,000,000 | 951,000,000 | 531,000,000 | 691,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term borrowings | 148,000,000 | -28,000,000 | -51,000,000 | 299,000,000 | 547,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement plans mark-to-market adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes and other noncash items | 470,000,000 | 694,000,000 | -483,000,000 | 14,000,000 | 213,000,000 | 23,000,000 | 683,000,000 | -1,241,000,000 | 230,000,000 | 97,000,000 | 435,000,000 | 154,000,000 | 147,000,000 | 173,000,000 | -257,000,000 | 20,000,000 | -934,000,000 | 305,000,000 | 32,000,000 | 25,000,000 | 189,000,000 | 191,000,000 | 112,000,000 | 89,000,000 | 226,000,000 | 145,000,000 | 122,000,000 | 416,000,000 | 147,000,000 | 131,000,000 | 193,000,000 | 336,000,000 | 107,000,000 | 33,000,000 | 148,000,000 | 133,000,000 | -2,000,000 | 52,000,000 | 228,000,000 | -4,000,000 | 40,000,000 | 35,000,000 | -27,000,000 | 121,000,000 | -2,000,000 | 32,000,000 | 5,000,000 | 28,000,000 | -9,000,000 | 13,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||
gain from sale of investment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment and other charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt issuance | 0 | 0 | 991,000,000 | 55,000,000 | 0 | 999,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit on the exercise of stock options | 2,000,000 | -6,000,000 | 6,000,000 | 20,000,000 | 8,000,000 | 13,000,000 | 10,000,000 | 17,000,000 | 7,000,000 | 6,000,000 | 14,000,000 | 3,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 1,000,000 | 4,000,000 | 12,000,000 | 7,000,000 | 3,000,000 | 1,000,000 | 16,000,000 | 4,000,000 | 4,000,000 | 1,000,000 | 0 | 11,000,000 | 3,000,000 | 9,000,000 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
asset dispositions and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business realignment, impairment and other charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock, including accelerated share repurchase agreements | -238,000,000 | -873,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition, net of cash acquired | -3,000,000 | -111,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash impairment charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other operating liabilities | -135,000,000 | -306,000,000 | -159,000,000 | -148,000,000 | -166,000,000 | 229,000,000 | -330,000,000 | 252,000,000 | -85,000,000 | 37,000,000 | 52,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of the effects of businesses acquired: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits on the exercise of stock options | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease accounting charge | 0 | 0 | 79,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from asset dispositions | 42,000,000 | 4,000,000 | 17,000,000 | 5,000,000 | 7,000,000 | 36,000,000 | 1,000,000 | 5,000,000 | 1,000,000 | 4,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of the effect of acquired business: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 756,000,000 | 683,000,000 | 665,000,000 | 1,457,000,000 | 1,084,000,000 | 352,000,000 | 783,000,000 | 1,157,000,000 | 737,000,000 | 472,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -857,000,000 | -1,517,000,000 | -694,000,000 | -523,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 16,000,000 | -1,000,000 | 782,000,000 | -226,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash charges and credits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | 42,000,000 | -88,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures and other investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of treasury stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of the effect of businesses acquired: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
spare parts and supplies | -19,000,000 | -22,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of the effect of business acquired: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) increase in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash charges: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft-related (recoveries) impairment charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of change in accounting principle | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable and other operating liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale-leaseback transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursements of a300 and md11 deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dispositions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at end of year |