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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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May 31, 2025
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):
| Federal Express Segment |  | FedEx Freight Segment |  | Corporate, Other, and Eliminations |  | Total
Goodwill at May 31, 2023 | $ | 5,781 |  |  | $ | 771 |  |  | $ | 1,961 |  |  | $ | 8,513 |
Accumulated impairment charges | — |  |  | (133) |  |  | (1,945) |  |  | (2,078) |
Balance as of May 31, 2023 | 5,781 |  |  | 638 |  |  | 16 |  |  | 6,435 |
Other(1) | (12) |  |  | — |  |  | — |  |  | (12) |
Balance as of May 31, 2024 | 5,769 |  |  | 638 |  |  | 16 |  |  | 6,423 |
Goodwill acquired(2) | 38 |  |  | — |  |  | — |  |  | 38 |
Other(1) | 142 |  |  | — |  |  | — |  |  | 142 |
Balance as of May 31, 2025 | $ | 5,949 |  |  | $ | 638 |  |  | $ | 16 |  |  | $ | 6,603 |
Accumulated goodwill impairment charges as of May 31, 2025 | $ | — |  |  | $ | (133) |  |  | $ | (1,945) |  |  | $ | (2,078) |
(1)Primarily currency translation adjustments. (2)Goodwill acquired related to the acquisition of RouteSmart Technologies. See Note 4 for more information.
Schedule of Identifiable Intangible Assets | The summary of our intangible assets and related accumulated amortization at May 31, 2025 and 2024 is as follows (in millions):
| 2025 |  | 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Customer relationships | $ | 580 |  |  | $ | (454) |  |  | $ | 126 |  |  | $ | 570 |  |  | $ | (405) |  |  | $ | 165 |
Technology | 132 |  |  | (53) |  |  | 79 |  |  | 62 |  |  | (46) |  |  | 16 |
Trademarks and other | 1 |  |  | (1) |  |  | — |  |  | 1 |  |  | (1) |  |  | — |
Total | $ | 713 |  |  | $ | (508) |  |  | $ | 205 |  |  | $ | 633 |  |  | $ | (452) |  |  | $ | 181 |
Schedule of Expected Amortization Expense | Expected amortization expense for the next five years is as follows (in millions):
2026 | $ | 54 |
2027 | 53 |
2028 | 50 |
2029 | 11 |
2030 | $ | 10 |

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