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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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May 31, 2023
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, 2021 |  | $ | 5,358 |  |  | $ | 943 |  |  | $ | 767 |  |  | $ | 1,966 |  |  | $ | 9,034 |
Accumulated impairment charges |  |  | — |  |  |  | — |  |  |  | (133 | ) |  |  | (1,909 | ) |  |  | (2,042 | )
Balance as of May 31, 2021 |  |  | 5,358 |  |  |  | 943 |  |  |  | 634 |  |  |  | 57 |  |  |  | 6,992 |
Other(1) |  |  | (433 | ) |  |  | (11 | ) |  |  | — |  |  |  | (4 | ) |  |  | (448 | )
Balance as of May 31, 2022 |  |  | 4,925 |  |  |  | 932 |  |  |  | 634 |  |  |  | 53 |  |  |  | 6,544 |
Impairment charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (36 | ) |  |  | (36 | )
Other(1) |  |  | (72 | ) |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (73 | )
Balance as of May 31, 2023 |  | $ | 4,853 |  |  | $ | 932 |  |  | $ | 634 |  |  | $ | 16 |  |  | $ | 6,435 |
Accumulated goodwill impairment charges as of May 31, 2023 |  | $ | — |  |  | $ | — |  |  | $ | (133 | ) |  | $ | (1,945 | ) |  | $ | (2,078 | )
(1) 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, 2023 and 2022 is as follows (in millions):
|  | 2023 |  |  | 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Customer relationships |  | $ | 583 |  |  | $ | (369 | ) |  | $ | 214 |  |  | $ | 617 |  |  | $ | (340 | ) |  | $ | 277 |
Technology |  |  | 62 |  |  |  | (42 | ) |  |  | 20 |  |  |  | 64 |  |  |  | (40 | ) |  |  | 24 |
Trademarks and other |  |  | 1 |  |  |  | (1 | ) |  |  | — |  |  |  | 1 |  |  |  | (1 | ) |  |  | — |
Total |  | $ | 646 |  |  | $ | (412 | ) |  | $ | 234 |  |  | $ | 682 |  |  | $ | (381 | ) |  | $ | 301 |
Schedule of Finite Lived Intangible Assets Future Amortization Expense | Expected amortization expense for the next five years is as follows (in millions):
2024 | $ | 47 |
2025 |  | 46 |
2026 |  | 46 |
2027 |  | 44 |
2028 |  | 42 |

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