Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2017

Goodwill And Other Intangible Assets Tables [Abstract]

Schedule Of Goodwill

The carrying amount of goodwill attributable to each reportable operating segment and changes therein are as follows (in millions):

	FedEx Express Segment			TNT Express Segment			FedEx Ground Segment		FedEx Freight Segment			FedEx Services Segment			Total
Goodwill at May 31, 2015	$	1,677		$	—		$	1,145	$	773		$	1,525		$	5,120
Accumulated impairment charges		—			—			—		(133	)		(1,177	)		(1,310	)
Balance as of May 31, 2015		1,677			—			1,145		640			348			3,810
Goodwill acquired(1)		—			2,964			—		—			—			2,964
Purchase adjustments and other(2)		(88	)		—			66		(5	)		—			(27	)
Balance as of May 31, 2016		1,589			2,964			1,211		635			348			6,747
Purchase adjustments and other(2)		2,191			(1,784	)		—		—			—			407
Balance as of May 31, 2017	$	3,780		$	1,180		$	1,211	$	635		$	348		$	7,154
Accumulated goodwill impairment charges    as of May 31, 2017	$	—		$	—		$	—	$	(133	)	$	(1,177	)	$	(1,310	)

⁽¹⁾ Goodwill acquired relates to the acquisition of TNT Express in 2016. See Note 3 for related disclosures.

⁽²⁾ Primarily purchase-related adjustments, currency translation adjustments, and acquired goodwill related to immaterial acquisitions. FY17 includes goodwill attributed to FedEx Express as part of the acquisition of TNT Express.

Schedule Of Identifiable Intangible Assets

The summary of our intangible assets and related accumulated amortization at May 31, 2017 and 2016 is as follows (in millions):

	2017							2016
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Customer relationships	$	656	$	(203	)	$	453	$	912	$	(156	)	$	756
Technology		54		(26	)		28		123		(16	)		107
Trademarks and other		136		(88	)		48		202		(57	)		145
Total	$	846	$	(317	)	$	529	$	1,237	$	(229	)	$	1,008

Schedule of Finite Lived Intangible Assets Future Amortization Expense

Expected amortization expense for the next five years is as follows (in millions):

2018	$	81
2019		71
2020		55
2021		44
2022		41