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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
May 31, 2019
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

 

 

FedEx Ground

Segment

 

 

FedEx Freight

Segment

 

 

FedEx Services

Segment

 

 

Corporate, Other and Eliminations

 

 

Total

 

Goodwill at May 31, 2017

 

$

4,953

 

 

$

827

 

 

$

764

 

 

$

1,525

 

 

$

395

 

 

$

8,464

 

Accumulated impairment charges

 

 

—

 

 

 

—

 

 

 

(133

)

 

 

(1,177

)

 

 

—

 

 

 

(1,310

)

Balance as of May 31, 2017

 

 

4,953

 

 

 

827

 

 

 

631

 

 

 

348

 

 

 

395

 

 

 

7,154

 

Goodwill acquired(1)

 

 

76

 

 

 

14

 

 

 

3

 

 

 

—

 

 

 

32

 

 

 

125

 

Purchase adjustments and other(2)

 

 

71

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

68

 

Impairment charges(3)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(374

)

 

 

(374

)

Balance as of May 31, 2018

 

 

5,100

 

 

 

840

 

 

 

634

 

 

 

348

 

 

 

51

 

 

 

6,973

 

Goodwill acquired(4)

 

 

126

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

126

 

Purchase adjustments and other(2)

 

 

(210

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(5

)

 

 

(215

)

Balance as of May 31, 2019

 

$

5,016

 

 

$

840

 

 

$

634

 

 

$

348

 

 

$

46

 

 

$

6,884

 

Accumulated goodwill impairment charges

   as of May 31, 2019

 

$

—

 

 

$

—

 

 

$

(133

)

 

$

(1,177

)

 

$

(374

)

 

$

(1,684

)

 

 

(1)

Goodwill acquired relates to the acquisitions of Northwest Research and P2P. See Note 3 for more information.

 

(2)

Primarily purchase price allocation-related adjustments, currency translation adjustments and acquired goodwill related to immaterial acquisitions.

 

(3)

Impairment charges related to the goodwill impairment of FedEx Supply Chain described below.

 

(4)

Goodwill acquired relates to the acquisitions of Flying Cargo and the controlling interest in an existing joint venture with Swiss Post. See Note 3 for more information.
Schedule Of Identifiable Intangible Assets The summary of our intangible assets and related accumulated amortization at May 31, 2019 and 2018 is as follows (in millions):

 

 

 

2019

 

 

2018

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Customer relationships

 

$

685

 

 

$

(293

)

 

$

392

 

 

$

676

 

 

$

(250

)

 

$

426

 

Technology

 

 

66

 

 

 

(51

)

 

 

15

 

 

 

68

 

 

 

(39

)

 

 

29

 

Trademarks and other

 

 

137

 

 

 

(128

)

 

 

9

 

 

 

141

 

 

 

(116

)

 

 

25

 

Total

 

$

888

 

 

$

(472

)

 

$

416

 

 

$

885

 

 

$

(405

)

 

$

480

 

 
Schedule of Finite Lived Intangible Assets Future Amortization Expense

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

 

2020

$

64

 

2021

 

52

 

2022

 

45

 

2023

 

43

 

2024

 

42