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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
May 31, 2018
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, 2016

 

$

4,546

 

 

$

827

 

 

$

764

 

 

$

1,525

 

 

$

395

 

 

$

8,057

 

Accumulated impairment charges

 

 

—

 

 

 

—

 

 

 

(133

)

 

 

(1,177

)

 

 

—

 

 

 

(1,310

)

Balance as of May 31, 2016

 

 

4,546

 

 

 

827

 

 

 

631

 

 

 

348

 

 

 

395

 

 

 

6,747

 

Purchase adjustments and other(1)

 

 

407

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

407

 

Balance as of May 31, 2017

 

 

4,953

 

 

 

827

 

 

 

631

 

 

 

348

 

 

 

395

 

 

 

7,154

 

Goodwill acquired(2)

 

 

76

 

 

 

14

 

 

 

3

 

 

 

—

 

 

 

32

 

 

 

125

 

Purchase adjustments and other(1)

 

 

71

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

68

 

Impairment charges(3)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(374

)

 

 

(374

)

Balance as of May 31, 2018

 

$

5,100

 

 

$

840

 

 

$

634

 

 

$

348

 

 

$

51

 

 

$

6,973

 

Accumulated goodwill impairment charges

   as of May 31, 2018

 

$

—

 

 

$

—

 

 

$

(133

)

 

$

(1,177

)

 

$

(374

)

 

$

(1,684

)

 

 

(1)

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

 

(2)

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

 

(3)

Impairment charges related to the goodwill impairment of FedEx Supply Chain described below.
Schedule Of Identifiable Intangible Assets

The summary of our intangible assets and related accumulated amortization at May 31, 2018 and 2017 is as follows (in millions):

 

 

 

2018

 

 

2017

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Customer relationships

 

$

676

 

 

$

(250

)

 

$

426

 

 

$

656

 

 

$

(203

)

 

$

453

 

Technology

 

 

68

 

 

 

(39

)

 

 

29

 

 

 

54

 

 

 

(26

)

 

 

28

 

Trademarks and other

 

 

141

 

 

 

(116

)

 

 

25

 

 

 

136

 

 

 

(88

)

 

 

48

 

Total

 

$

885

 

 

$

(405

)

 

$

480

 

 

$

846

 

 

$

(317

)

 

$

529

 

 
Schedule of Finite Lived Intangible Assets Future Amortization Expense

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

 

2019

$

81

 

2020

 

63

 

2021

 

50

 

2022

 

44

 

2023

 

42