Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name Federal Express Corporation
CIK 0000230211
Accession number 0001193125-14-267856
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/230211/000119312514267856/fec-20140531.xml
Fiscal year end --05-31
Fiscal year focus 2014
Fiscal period focus FY
Current balance sheet date 2014-05-31
Current year-to-date income statement start date 2013-06-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
  2014 2013
  Deferred Tax Assets Deferred Tax Liabilities Deferred Tax Assets Deferred Tax Liabilities
Property, equipment,            
 leases and intangibles$ 117 $ 2,884 $ 154 $ 2,795
Employee benefits  578   10   566   10
Self-insurance accruals  343   -   338   -
Other  200   1,140   165   983
Net operating loss/credit           
 carryforwards  275   -   252   -
Valuation allowances  (194)   -   (161)   -
  $ 1,319 $ 4,034 $ 1,314 $ 3,788

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 0
Valuation allowance -194,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 1,319,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -4,034,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -2,715,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 401,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 80,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -3,196,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -2,715,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 1,319,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -4,034,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -2,715,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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