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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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May 31, 2024
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, 2022 |  | $ | 4,925 |  |  | $ | 932 |  |  | $ | 767 |  |  | $ | 1,962 |  |  | $ | 8,586 |
Accumulated impairment charges |  |  | — |  |  |  | — |  |  |  | (133 | ) |  |  | (1,909 | ) |  |  | (2,042 | )
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 |
Other(1) |  |  | (12 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (12 | )
Balance as of May 31, 2024 |  | $ | 4,841 |  |  | $ | 932 |  |  | $ | 634 |  |  | $ | 16 |  |  | $ | 6,423 |
Accumulated goodwill impairment charges as of May 31, 2024 |  | $ | — |  |  | $ | — |  |  | $ | (133 | ) |  | $ | (1,945 | ) |  | $ | (2,078 | )
(1) Primarily currency translation adjustments.
Schedule of Identifiable Intangible Assets | The summary of our intangible assets and related accumulated amortization at May 31, 2024 and 2023 is as follows (in millions):
|  | 2024 |  |  | 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Customer relationships |  | $ | 570 |  |  | $ | (405 | ) |  | $ | 165 |  |  | $ | 583 |  |  | $ | (369 | ) |  | $ | 214 |
Technology |  |  | 62 |  |  |  | (46 | ) |  |  | 16 |  |  |  | 62 |  |  |  | (42 | ) |  |  | 20 |
Trademarks and other |  |  | 1 |  |  |  | (1 | ) |  |  | — |  |  |  | 1 |  |  |  | (1 | ) |  |  | — |
Total |  | $ | 633 |  |  | $ | (452 | ) |  | $ | 181 |  |  | $ | 646 |  |  | $ | (412 | ) |  | $ | 234 |
Schedule of Finite Lived Intangible Assets Future Amortization Expense | Expected amortization expense for the next five years is as follows (in millions):
2025 | $ | 45 |
2026 |  | 45 |
2027 |  | 43 |
2028 |  | 41 |
2029 |  | 2 |

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