Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2023

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, 2021	$	5,358		$	943		$	767		$	1,966		$	9,034
Accumulated impairment charges		—			—			(133	)		(1,909	)		(2,042	)
Balance as of May 31, 2021		5,358			943			634			57			6,992
Other(1)		(433	)		(11	)		—			(4	)		(448	)
Balance as of May 31, 2022		4,925			932			634			53			6,544
Impairment charges		—			—			—			(36	)		(36	)
Other(1)		(72	)		—			—			(1	)		(73	)
Balance as of May 31, 2023	$	4,853		$	932		$	634		$	16		$	6,435
Accumulated goodwill impairment    charges as of May 31, 2023	$	—		$	—		$	(133	)	$	(1,945	)	$	(2,078	)

(1)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, 2023 and 2022 is as follows (in millions):

	2023							2022
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Customer relationships	$	583	$	(369	)	$	214	$	617	$	(340	)	$	277
Technology		62		(42	)		20		64		(40	)		24
Trademarks and other		1		(1	)		—		1		(1	)		—
Total	$	646	$	(412	)	$	234	$	682	$	(381	)	$	301

Schedule of Finite Lived Intangible Assets Future Amortization Expense

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

2024	$	47
2025		46
2026		46
2027		44
2028		42