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FedEx Corp. (NYSE:FDX)

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Analysis of Inventory

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Accounting Policy on Inventory


Spare parts (principally aircraft-related) are reported at weighted-average cost. Allowances for obsolescence are provided for spare parts currently identified as excess or obsolete as well as expected to be on hand at the date the aircraft are retired from service. These allowances are provided over the estimated useful life of the related aircraft and engines. The majority of FedEx’s supplies and fuel are reported at weighted-average cost.

Source: 10-K (filing date: 2019-07-16).

Inventory Disclosure

FedEx Corp., balance sheet: inventory

US$ in millions

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May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015 May 31, 2014
Spare parts, supplies and fuel, less allowances

Based on: 10-K (filing date: 2019-07-16), 10-K (filing date: 2018-07-16), 10-K (filing date: 2017-07-17), 10-K (filing date: 2016-07-18), 10-K (filing date: 2015-07-14), 10-K (filing date: 2014-07-14).

Item Description The company
Spare parts, supplies and fuel, less allowances Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. FedEx Corp.’s spare parts, supplies and fuel, less allowances increased from 2017 to 2018 and from 2018 to 2019.