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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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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 |

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