Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2019

Goodwill And Other Intangible Assets Tables [Abstract]

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			FedEx Services Segment			Corporate, Other and Eliminations			Total
Goodwill at May 31, 2017	$	4,953		$	827		$	764		$	1,525		$	395		$	8,464
Accumulated impairment charges		—			—			(133	)		(1,177	)		—			(1,310	)
Balance as of May 31, 2017		4,953			827			631			348			395			7,154
Goodwill acquired⁽¹⁾		76			14			3			—			32			125
Purchase adjustments and other⁽²⁾		71			(1	)		—			—			(2	)		68
Impairment charges⁽³⁾		—			—			—			—			(374	)		(374	)
Balance as of May 31, 2018		5,100			840			634			348			51			6,973
Goodwill acquired⁽⁴⁾		126			—			—			—			—			126
Purchase adjustments and other⁽²⁾		(210	)		—			—			—			(5	)		(215	)
Balance as of May 31, 2019	$	5,016		$	840		$	634		$	348		$	46		$	6,884
Accumulated goodwill impairment charges as of May 31, 2019	$	—		$	—		$	(133	)	$	(1,177	)	$	(374	)	$	(1,684	)

(1)

Goodwill acquired relates to the acquisitions of Northwest Research and P2P. See Note 3 for more information.

(2)

Primarily purchase price allocation-related adjustments, currency translation adjustments and acquired goodwill related to immaterial acquisitions.

(3)

Impairment charges related to the goodwill impairment of FedEx Supply Chain described below.

(4)

Goodwill acquired relates to the acquisitions of Flying Cargo and the controlling interest in an existing joint venture with Swiss Post. See Note 3 for more information.

Schedule Of Identifiable Intangible Assets

The summary of our intangible assets and related accumulated amortization at May 31, 2019 and 2018 is as follows (in millions):

	2019							2018
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Customer relationships	$	685	$	(293	)	$	392	$	676	$	(250	)	$	426
Technology		66		(51	)		15		68		(39	)		29
Trademarks and other		137		(128	)		9		141		(116	)		25
Total	$	888	$	(472	)	$	416	$	885	$	(405	)	$	480

Schedule of Finite Lived Intangible Assets Future Amortization Expense

Expected amortization expense for the next five years is as follows (in millions):

2020	$	64
2021		52
2022		45
2023		43
2024		42