10-Q Filing

FEDEX CORP CIK: 1048911 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-018769`
Period End Date	20220831
Filing Date	20220922
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	fdx-20220831_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 42 Cash Flow Statement 51 Stockholders Equity 18 Comprehensive Income 14

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowances for receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$786.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.85B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.90B	USD	Point-in-time
Allowances for receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$692.00M	USD	Point-in-time
Receivables, less allowances of $786 and $692	`ReceivablesNetCurrent`	$11.86B	USD	Point-in-time
Allowances for spare parts, supplies and fuel	`AllowancesForSparePartsSuppliesAndFuel`	$360.00M	USD	Point-in-time
Allowances for spare parts, supplies and fuel	`AllowancesForSparePartsSuppliesAndFuel`	$363.00M	USD	Point-in-time
Receivables, less allowances of $786 and $692	`ReceivablesNetCurrent`	$11.05B	USD	Point-in-time
Spare parts, supplies, and fuel, less allowances of $363 and $360	`SparePartsSuppliesAndFuelLessAllowances`	$637.00M	USD	Point-in-time
Spare parts, supplies, and fuel, less allowances of $363 and $360	`SparePartsSuppliesAndFuelLessAllowances`	$647.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.05B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$968.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.61B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.36B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
PROPERTY AND EQUIPMENT, AT COST	`PropertyPlantAndEquipmentGross`	$75.28B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
PROPERTY AND EQUIPMENT, AT COST	`PropertyPlantAndEquipmentGross`	$76.71B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	318.00M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$37.18B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$37.91B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	318.00M	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$38.81B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$38.09B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$17.22B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$16.61B	USD	Point-in-time
Goodwill	`Goodwill`	$6.54B	USD	Point-in-time
Goodwill	`Goodwill`	$6.32B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.38B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.88B	USD	Point-in-time
Total other long-term assets	`OtherLongTermAssetsNoncurrentExcludingPropertyAndEquipment`	$27.41B	USD	Point-in-time
Total other long-term assets	`OtherLongTermAssetsNoncurrentExcludingPropertyAndEquipment`	$27.54B	USD	Point-in-time
ASSETS	`Assets`	$85.83B	USD	Point-in-time
ASSETS	`Assets`	$85.99B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$139.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$82.00M	USD	Point-in-time
Accrued salaries and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.53B	USD	Point-in-time
Accrued salaries and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.26B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.17B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.03B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.44B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.47B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.19B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.73B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.77B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.27B	USD	Point-in-time
LONG-TERM DEBT, LESS CURRENT PORTION	`LongTermDebtAndCapitalLeaseObligations`	$20.18B	USD	Point-in-time
LONG-TERM DEBT, LESS CURRENT PORTION	`LongTermDebtAndCapitalLeaseObligations`	$19.92B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$4.13B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$4.09B	USD	Point-in-time
Pension, postretirement healthcare, and other benefit obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$4.05B	USD	Point-in-time
Pension, postretirement healthcare, and other benefit obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$4.45B	USD	Point-in-time
Self-insurance accruals	`SelfInsuranceAccrualsNoncurrent`	$3.04B	USD	Point-in-time
Self-insurance accruals	`SelfInsuranceAccrualsNoncurrent`	$2.89B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$15.12B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$14.49B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$682.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$654.00M	USD	Point-in-time
Total other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$27.00B	USD	Point-in-time
Total other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$26.60B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of August 31, 2022 and May 31, 2022	`CommonStockValue`	$32.00M	USD	Point-in-time
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of August 31, 2022 and May 31, 2022	`CommonStockValue`	$32.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.71B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.75B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.78B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$33.06B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.10B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.31B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$10.48B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$10.39B	USD	Point-in-time
Total common stockholders investment	`StockholdersEquity`	$24.94B	USD	Point-in-time
Total common stockholders investment	`StockholdersEquity`	$25.14B	USD	Point-in-time
Total common stockholders investment	`StockholdersEquity`	$24.32B	USD	Point-in-time
LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT	`LiabilitiesAndStockholdersEquity`	$85.83B	USD	Point-in-time
LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT	`LiabilitiesAndStockholdersEquity`	$85.99B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$23.24B	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.00B	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$7.78B	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$7.86B	USD	1 Quarter
Purchased transportation	`PurchasedTransportationCosts`	$5.66B	USD	1 Quarter
Purchased transportation	`PurchasedTransportationCosts`	$5.77B	USD	1 Quarter
Rentals and landing fees	`RentalsAndLandingFees`	$1.13B	USD	1 Quarter
Rentals and landing fees	`RentalsAndLandingFees`	$1.16B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.02B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$971.00M	USD	1 Quarter
Fuel	`FuelCosts`	$1.01B	USD	1 Quarter
Fuel	`FuelCosts`	$1.82B	USD	1 Quarter
Maintenance and repairs	`CostOfPropertyRepairsAndMaintenance`	$904.00M	USD	1 Quarter
Maintenance and repairs	`CostOfPropertyRepairsAndMaintenance`	$869.00M	USD	1 Quarter
Business realignment and optimization costs	`BusinessRealignmentAndOptimizationCosts`	$38.00M	USD	1 Quarter
Business realignment and optimization costs	`BusinessRealignmentAndOptimizationCosts`	$67.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$3.48B	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$3.12B	USD	1 Quarter
OPERATING EXPENSES	`CostsAndExpenses`	$22.05B	USD	1 Quarter
OPERATING EXPENSES	`CostsAndExpenses`	$20.61B	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.19B	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.40B	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$-160.00M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$-142.00M	USD	1 Quarter
Other retirement plans income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-101.00M	USD	1 Quarter
Other retirement plans income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-216.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	1 Quarter
OTHER (EXPENSE) INCOME	`NonoperatingIncomeExpense`	$59.00M	USD	1 Quarter
OTHER (EXPENSE) INCOME	`NonoperatingIncomeExpense`	$-37.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.46B	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.15B	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$279.00M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$345.00M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$1.11B	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$875.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.17	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$4.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.33	USD	1 Quarter
DIVIDENDS DECLARED PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	$1.50	USD	1 Quarter
DIVIDENDS DECLARED PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	$2.30	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$875.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.11B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.02B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$971.00M	USD	1 Quarter
Provision for uncollectible accounts	`ProvisionForDoubtfulAccounts`	$117.00M	USD	1 Quarter
Provision for uncollectible accounts	`ProvisionForDoubtfulAccounts`	$245.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$69.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$68.00M	USD	1 Quarter
Other noncash items including leases and deferred income taxes	`OtherNoncashItemsIncludingLeasesAndDeferredIncomeTax`	$884.00M	USD	1 Quarter
Other noncash items including leases and deferred income taxes	`OtherNoncashItemsIncludingLeasesAndDeferredIncomeTax`	$774.00M	USD	1 Quarter
Business realignment and optimization costs/(payments), net	`BusinessRealignmentAndOptimizationCostsNetOfPayments`	$-36.00M	USD	1 Quarter
Business realignment and optimization costs/(payments), net	`BusinessRealignmentAndOptimizationCostsNetOfPayments`	$14.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-726.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-259.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$170.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$171.00M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.47B	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.62B	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-19.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$44.00M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.61B	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.08B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.57B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.28B	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$35.00M	USD	1 Quarter
Proceeds from asset dispositions and other	`PaymentsForProceedsFromAssetDispositionsAndOther`	$-10.00M	USD	1 Quarter
Proceeds from asset dispositions and other	`PaymentsForProceedsFromAssetDispositionsAndOther`	$-20.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.55B	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.31B	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$64.00M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$29.00M	USD	1 Quarter
Proceeds from stock issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$81.00M	USD	1 Quarter
Proceeds from stock issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$84.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$299.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$200.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$549.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	1 Quarter
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-247.00M	USD	1 Quarter
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-730.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-38.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-98.00M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-47.00M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-234.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.85B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.90B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.85B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.09B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.85B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.90B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.85B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.09B	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared, per share	`CommonStockDividendsPerShareDeclared`	$1.50	USD	1 Quarter
Cash dividends declared, per share	`CommonStockDividendsPerShareDeclared`	$2.30	USD	1 Quarter
Other comprehensive income, tax benefit	`OtherComprehensiveIncomeLossTax`	$-18.00M	USD	1 Quarter
Other comprehensive income, tax benefit	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Purchase of treasury stock	`TreasuryStockSharesAcquired`	1.90M	shares	1 Quarter
Employee incentive plans and other, shares issued	`StockIssuedDuringPeriodSharesShareBasedCompensation`	600,000.00	shares	1 Quarter
Employee incentive plans and other, shares issued	`StockIssuedDuringPeriodSharesShareBasedCompensation`	700,000.00	shares	1 Quarter
Beginning Balance	`StockholdersEquity`	$24.94B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$25.14B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$24.32B	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.11B	USD	1 Quarter
Net income	`NetIncomeLoss`	$875.00M	USD	1 Quarter
Other comprehensive income, net of tax benefit of $18 and $0	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-211.00M	USD	1 Quarter
Other comprehensive income, net of tax benefit of $18 and $0	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-149.00M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$24.94B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$25.14B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$24.32B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$1.11B	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$875.00M	USD	1 Quarter
Foreign currency translation adjustments, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-18.00M	USD	1 Quarter
Foreign currency translation adjustments, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Amortization of prior service credit, tax benefit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	-	USD	1 Quarter
Foreign currency translation adjustments, net of tax benefit of $18 in 2022 and tax benefit of $0 in 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-209.00M	USD	1 Quarter
Amortization of prior service credit, tax benefit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	-	USD	1 Quarter
Foreign currency translation adjustments, net of tax benefit of $18 in 2022 and tax benefit of $0 in 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-147.00M	USD	1 Quarter
Amortization of prior service credit, net of tax benefit of $0 in 2022 and $0 in 2021	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-2.00M	USD	1 Quarter
Amortization of prior service credit, net of tax benefit of $0 in 2022 and $0 in 2021	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-2.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-211.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-149.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$664.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$963.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.