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)

We evaluated each of our reporting units during the fourth quarters of 2025 and 2024 and the estimated fair value of each of our reporting units exceeded their carrying values as of the end of 2025 and 2024; therefore, no impairment was recorded during any of the years presented.

In connection with our annual impairment testing of goodwill conducted in the fourth quarter of 2023, we recorded an impairment charge of $36 million for all of the goodwill attributable to our FedEx Dataworks reporting unit. The key factors contributing to the goodwill impairment were underperformance of the ShopRunner business during 2023, including base business erosion, and the failure to attain the level of operating synergies and revenue and profit growth anticipated at the time of acquisition. Based on these factors, our outlook for the business changed in the fourth quarter of 2023.

OTHER 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

As part of our review of long-lived assets in the fourth quarter of 2025 and 2024, there were no impairments recorded for our reporting units. During the fourth quarter of 2023, we recognized an $11 million asset impairment charge related to customer relationships from the ShopRunner acquisition.