Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2022

Goodwill and Intangible Assets Disclosure [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			FedEx Ground Segment			FedEx Freight Segment			Corporate, Other, and Eliminations			Total
Goodwill at May 31, 2020	$	4,869		$	840		$	767		$	1,938		$	8,414
Accumulated impairment charges		—			—			(133	)		(1,909	)		(2,042	)
Balance as of May 31, 2020		4,869			840			634			29			6,372
Goodwill acquired(1)		18			103			—			40			161
Other(2)		471			—			—			(12	)		459
Balance as of May 31, 2021		5,358			943			634			57			6,992
Other(2)		(433	)		(11	)		—			(4	)		(448	)
Balance as of May 31, 2022	$	4,925		$	932		$	634		$	53		$	6,544
Accumulated goodwill impairment    charges as of May 31, 2022	$	—		$	—		$	(133	)	$	(1,909	)	$	(2,042	)

(1)Goodwill acquired relates to the acquisition of ShopRunner. See Note 4 for more information.

(2)Primarily currency translation adjustments and purchase price allocation-related adjustments.

Schedule of Identifiable Intangible Assets

The summary of our intangible assets and related accumulated amortization at May 31, 2022 and 2021 is as follows (in millions):

	2022							2021
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Customer relationships	$	617	$	(340	)	$	277	$	591	$	(299	)	$	292
Technology		64		(40	)		24		65		(35	)		30
Trademarks and other		1		(1	)		—		1		(1	)		—
Total	$	682	$	(381	)	$	301	$	657	$	(335	)	$	322

Schedule of Finite Lived Intangible Assets Future Amortization Expense

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

2023	$	52
2024		51
2025		50
2026		50
2027		48