v3.26.3
RELATED PARTY TRANSACTIONS (Tables)
 4 Months Ended
Sep. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions The following table presents related party revenue and purchases (in millions):
Three Months EndedFour Months Ended
September 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
Related party revenue$11 $39 $16 $51 
Related party purchased transportation— 2 — 3 
The components of the net transfers to Parent were as follows (in millions):
Four Months Ended
September 30,
2026		September 30,
2025
Cash pooling and general financing activities / other $— $(1,130)
Corporate and other allocations (13)21 
Income taxes 7 52 
Total net transfers to Parent per Condensed Consolidated Statements of Stockholders' Equity (6)(1,057)
Stock-based compensation – equity classified awards — (2)
Non-cash Spin-Off adjustments6 — 
Total net transfers to Parent per Condensed Consolidated Statements of Cash Flows $— $(1,059)
Allocations for shared services and general corporate costs provided to FedEx Freight are reflected in the accompanying Condensed Consolidated Statements of Income as follows (in millions):
Three Months Ended September 30, 2025Four Months Ended September 30, 2025
Operating expenses:
Salaries and employee benefits
$89 $120 
Operating supplies and expenses
72 96 
Depreciation and amortization
14 20 
Total operating expenses $175 $236