Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

FedEx Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Current portion of long-term debt	68)	126)	82)	146)	51)	964)
Salaries	757)	828)	751)	626)	436)	425)
Employee benefits, including variable compensation	977)	689)	834)	1,350)	319)	552)
Compensated absences	939)	958)	946)	927)	814)	764)
Accrued salaries and employee benefits	2,673)	2,475)	2,531)	2,903)	1,569)	1,741)
Accounts payable	3,189)	3,848)	4,030)	3,841)	3,269)	3,030)
Current portion of operating lease liabilities	2,463)	2,390)	2,443)	2,208)	1,923)	—)
Self-insurance accruals	1,931)	1,730)	1,646)	1,535)	1,223)	1,104)
Taxes other than income taxes	334)	305)	532)	637)	417)	304)
Other	2,697)	2,712)	3,010)	2,390)	1,892)	1,870)
Accrued expenses	4,962)	4,747)	5,188)	4,562)	3,532)	3,278)
Current liabilities	13,355)	13,586)	14,274)	13,660)	10,344)	9,013)
Long-term debt, less current portion	20,135)	20,453)	20,182)	20,733)	21,952)	16,617)
Deferred income taxes	4,482)	4,489)	4,093)	3,927)	3,162)	2,821)
Pension, postretirement healthcare, and other benefit obligations	2,010)	3,130)	4,448)	3,501)	5,019)	5,095)
Self-insurance accruals	3,701)	3,339)	2,889)	2,430)	2,104)	1,899)
Operating lease liabilities, less current portion	15,053)	15,363)	14,487)	13,375)	12,195)	—)
Deferred lease obligations	—)	—)	—)	—)	—)	531)
Other liabilities	689)	695)	682)	983)	466)	670)
Other long-term liabilities	25,935)	27,016)	26,599)	24,216)	22,946)	11,016)
Long-term liabilities	46,070)	47,469)	46,781)	44,949)	44,898)	27,633)
Total liabilities	59,425)	61,055)	61,055)	58,609)	55,242)	36,646)
Common stock, $0.10 par value	32)	32)	32)	32)	32)	32)
Additional paid-in capital	3,988)	3,769)	3,712)	3,481)	3,356)	3,231)
Retained earnings	38,649)	35,259)	32,782)	29,817)	25,216)	24,648)
Accumulated other comprehensive loss	(1,359)	(1,327)	(1,103)	(732)	(1,147)	(865)
Treasury stock, at cost	(13,728)	(11,645)	(10,484)	(8,430)	(9,162)	(9,289)
Common stockholders’ investment	27,582)	26,088)	24,939)	24,168)	18,295)	17,757)
Total liabilities and common stockholders’ investment	87,007)	87,143)	85,994)	82,777)	73,537)	54,403)

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	FedEx Corp. current liabilities decreased from 2022 to 2023 and from 2023 to 2024.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	FedEx Corp. long-term liabilities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
Common stockholders’ investment	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	FedEx Corp. common stockholders’ investment increased from 2022 to 2023 and from 2023 to 2024.

FedEx Corp. (NYSE:FDX)

Balance Sheet: Liabilities and Stockholders’ Equity