Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2021

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, 2019	$	5,016		$	840	$	767		$	1,945		$	8,568
Accumulated impairment charges		—			—		(133	)		(1,551	)		(1,684	)
Balance as of May 31, 2019		5,016			840		634			394			6,884
Impairment charges		—			—		—			(358	)		(358	)
Other(1)		(147	)		—		—			(7	)		(154	)
Balance as of May 31, 2020		4,869			840		634			29			6,372
Goodwill acquired(2)		18			103		—			40			161
Other(1)		471			—		—			(12	)		459
Balance as of May 31, 2021	$	5,358		$	943	$	634		$	57		$	6,992
Accumulated goodwill impairment charges    as of May 31, 2021	$	—		$	—	$	(133	)	$	(1,909	)	$	(2,042	)

^{(1) Primarily currency translation adjustments and purchase price allocation-related adjustments.}

^{(2) Goodwill acquired relates to the acquisition of ShopRunner. See Note 4 for more information.}

Schedule of Identifiable Intangible Assets

The summary of our intangible assets and related accumulated amortization at May 31, 2021 and 2020 is as follows (in millions):

	2021							2020
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Customer relationships	$	591	$	(299	)	$	292	$	641	$	(327	)	$	314
Technology		65		(35	)		30		65		(57	)		8
Trademarks and other		1		(1	)		—		132		(132	)		—
Total	$	657	$	(335	)	$	322	$	838	$	(516	)	$	322

Schedule of Finite Lived Intangible Assets Future Amortization Expense

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

2022	$	52
2023		49
2024		48
2025		47
2026		46