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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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May 31, 2022
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, 2020 |  | $ | 4,869 |  |  | $ | 840 |  |  | $ | 767 |  |  | $ | 1,938 |  |  | $ | 8,414 |
Accumulated impairment charges |  |  | — |  |  |  | — |  |  |  | (133 | ) |  |  | (1,909 | ) |  |  | (2,042 | )
Balance as of May 31, 2020 |  |  | 4,869 |  |  |  | 840 |  |  |  | 634 |  |  |  | 29 |  |  |  | 6,372 |
Goodwill acquired(1) |  |  | 18 |  |  |  | 103 |  |  |  | — |  |  |  | 40 |  |  |  | 161 |
Other(2) |  |  | 471 |  |  |  | — |  |  |  | — |  |  |  | (12 | ) |  |  | 459 |
Balance as of May 31, 2021 |  |  | 5,358 |  |  |  | 943 |  |  |  | 634 |  |  |  | 57 |  |  |  | 6,992 |
Other(2) |  |  | (433 | ) |  |  | (11 | ) |  |  | — |  |  |  | (4 | ) |  |  | (448 | )
Balance as of May 31, 2022 |  | $ | 4,925 |  |  | $ | 932 |  |  | $ | 634 |  |  | $ | 53 |  |  | $ | 6,544 |
Accumulated goodwill impairment charges as of May 31, 2022 |  | $ | — |  |  | $ | — |  |  | $ | (133 | ) |  | $ | (1,909 | ) |  | $ | (2,042 | )
(1) Goodwill acquired relates to the acquisition of ShopRunner. See Note 4 for more information. (2) 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, 2022 and 2021 is as follows (in millions):
|  | 2022 |  |  | 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Customer relationships |  | $ | 617 |  |  | $ | (340 | ) |  | $ | 277 |  |  | $ | 591 |  |  | $ | (299 | ) |  | $ | 292 |
Technology |  |  | 64 |  |  |  | (40 | ) |  |  | 24 |  |  |  | 65 |  |  |  | (35 | ) |  |  | 30 |
Trademarks and other |  |  | 1 |  |  |  | (1 | ) |  |  | — |  |  |  | 1 |  |  |  | (1 | ) |  |  | — |
Total |  | $ | 682 |  |  | $ | (381 | ) |  | $ | 301 |  |  | $ | 657 |  |  | $ | (335 | ) |  | $ | 322 |
Schedule of Finite Lived Intangible Assets Future Amortization Expense | Expected amortization expense for the next five years is as follows (in millions):
2023 | $ | 52 |
2024 |  | 51 |
2025 |  | 50 |
2026 |  | 50 |
2027 |  | 48 |

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