FEDERAL EXPRESS CORP | 2013 | FY | 3


NOTE 11: BUSINESS SEGMENT INFORMATION

 

We are engaged in a single line of business and operate in one business segment – the worldwide express transportation and distribution of time-sensitive shipments. We are the world's largest express transportation company, and use a global air-and-ground network to speed delivery of time-sensitive shipments. We operate an integrated transportation network in providing these worldwide services and use our network assets (particularly aircraft) interchangeably around the world as demand and other circumstances dictate a need.

 

The following table presents revenue by service type and geographic information for the years ended or as of May 31 (in millions):

REVENUE BY SERVICE TYPE        
      2013 2012 2011
              
 Package:        
  U.S. overnight box$ 6,513 $ 6,546 $ 6,128
  U.S. overnight envelope  1,705   1,747   1,736
  U.S. deferred  3,020   3,001   2,805
   Total U.S. domestic package revenue  11,238   11,294   10,669
  International priority  6,586   6,849   6,760
  International economy  2,046   1,859   1,468
   Total international export package revenue  8,632   8,708   8,228
  International domestic(1)  1,398   853   653
   Total package revenue  21,268   20,855   19,550
              
 Freight:        
  U.S.  2,562   2,498   2,188
  International priority  1,678   1,827   1,722
  International airfreight  276   307   283
   Total freight revenue  4,516   4,632   4,193
 Other  409   279   247
    $ 26,193 $ 25,766 $ 23,990
              
GEOGRAPHICAL INFORMATION(2)        
              
Revenues:        
 U.S.$ 13,837 $ 13,821 $ 12,890
 International  12,356   11,945   11,100
      $ 26,193 $ 25,766 $ 23,990
              
Noncurrent assets:        
 U.S.$ 12,717 $ 12,206 $ 10,807
 International  2,614   1,928   1,806
      $ 15,331 $ 14,134 $ 12,613
              
(1) International domestic revenues include our international intra-country operations, including acquisitions in India (February 2011), Mexico (July 2011), Poland (June 2012), France (July 2012) and Brazil (July 2012).
(2) International revenue includes shipments that either originate in or are destined to locations outside the United States. Noncurrent assets include property and equipment, goodwill and other long-term assets. Our flight equipment registered in the U.S. is included as U.S. assets; however, many of our aircraft operate internationally.

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