Current Liabilities

FedEx·Balance Sheet Statement·26 metrics

Breakdown

Metric	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25
Operating Lease Liability Payments Due	—	—	—	—	—	$20.2B	$20B	$20.2B
Total current liabilities	$13.4B	$14.1B	$14.4B	$13.9B	$15.4B	$15.5B	$16.2B	$17.3B
Other Commercial Liabilities	$5B	$4.9B	$4.7B	$4.6B	$5B	$5.5B	$5.3B	$5B
Accrued Liabilities, Current	$5B	$4.9B	$4.7B	$4.6B	$5B	$5.5B	$5.3B	$5B
Accounts payable	$3.2B	$3.7B	$3.9B	$3.6B	$3.7B	$4.2B	$4.7B	$4.2B
Operating Lease Liability - Undiscounted Excess Amount	—	—	—	—	—	$3.5B	$3.5B	$3.5B
Accrued expenses	$2.7B	$2.3B	$2.7B	$2.6B	$2.7B	$2.3B	$2.7B	$3.1B
Accrued Manufacturing Costs	$2.7B	$2.3B	$2.7B	$2.6B	$2.7B	$2.3B	$2.7B	$3.1B
Compensation and benefits	$2.7B	$2.3B	$2.7B	$2.6B	$2.7B	$2.3B	$2.7B	$3.1B
Operating Lease Liability Payments - 2024 (Lessee)	—	—	—	—	—	$2.7B	$2.8B	$2.9B
Operating lease liabilities, current	$2.5B	$2.5B	$2.5B	$2.5B	$2.6B	$2.6B	$2.6B	$2.6B
Lease Liability Payments - Due Year Three	—	—	—	—	—	$2.3B	$2.4B	$2.5B
Current portion of long-term debt	$68M	$622M	$592M	$611M	$1.4B	$883M	$901M	$2.4B
Current Portion of Long-Term Debt and Finance Lease Obligations	$68M	$622M	$592M	$611M	$1.4B	$883M	$901M	$2.4B
Operating Lease Liability Payments - 2025 (Lessee)	—	—	—	—	—	$1.8B	$1.9B	$2.1B
Lease Liability Payments - Due Year Four	—	—	—	—	—	$1.8B	$1.9B	$2.1B
Finance Lease Liability Payment Due	—	—	—	—	—	$1.1B	$1.2B	$1.6B
Lease Liability Payments - 2020 (Remaining Three Months)	—	—	—	—	—	$2.3B	$1.5B	$642M
Finance Lease Liability - Undiscounted Excess Amount	—	—	—	—	—	$347M	$351M	$372M
Lease Liability Payments - Due Year Two	—	—	—	—	—	$115M	$138M	$296M
Lease Liability Payments - 2021	—	—	—	—	—	$116M	$138M	$194M
Derivative Liabilities - Fair Value	—	—	—	—	$108M	$119M	$96M	$126M
Lease Liability Payments - Remainder of Fiscal Year	—	—	—	—	—	$85M	$65M	$45M
Deferred revenue	—	—	—	—	$23M	$20M	$22M	$22M
Short-Term Debt - Weighted-Average Interest Rate	—	—	—	—	—	3.6%	3.6%	3.8%
Dividends Payable Per Share	—	—	—	—	—	$1.45	—	—

Metrics

Current Liabilities

Breakdown

Metrics

Accounts payable

Accrued expenses

Accrued Manufacturing Costs

Other Commercial Liabilities

Accrued Liabilities, Current

Compensation and benefits

Current portion of long-term debt

Current Portion of Long-Term Debt and Finance Lease Obligations

Deferred revenue

Derivative Liabilities - Fair Value

Dividends Payable Per Share

Finance Lease Liability Payment Due

Finance Lease Liability - Undiscounted Excess Amount

Lease Liability Payments - 2020 (Remaining Three Months)

Lease Liability Payments - 2021

Operating Lease Liability Payments - 2024 (Lessee)

Operating Lease Liability Payments - 2025 (Lessee)

Lease Liability Payments - Due Year Two

Lease Liability Payments - Due Year Three

Lease Liability Payments - Due Year Four

Lease Liability Payments - Remainder of Fiscal Year

Operating lease liabilities, current

Operating Lease Liability Payments Due

Operating Lease Liability - Undiscounted Excess Amount

Short-Term Debt - Weighted-Average Interest Rate

Total current liabilities