Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2021

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, 2019	$	5,016		$	840	$	767		$	1,945		$	8,568
Accumulated impairment charges		—			—		(133	)		(1,551	)		(1,684	)
Balance as of May 31, 2019		5,016			840		634			394			6,884
Impairment charges		—			—		—			(358	)		(358	)
Other⁽¹⁾		(147	)		—		—			(7	)		(154	)
Balance as of May 31, 2020		4,869			840		634			29			6,372
Goodwill acquired⁽²⁾		18			103		—			40			161
Other⁽¹⁾		471			—		—			(12	)		459
Balance as of May 31, 2021	$	5,358		$	943	$	634		$	57		$	6,992
Accumulated goodwill impairment charges as of May 31, 2021	$	—		$	—	$	(133	)	$	(1,909	)	$	(2,042	)

⁽¹⁾	^{Primarily currency translation adjustments and purchase price allocation-related adjustments.}

⁽²⁾	^{Goodwill acquired relates to the acquisition of ShopRunner. See Note 4 for more information.}

The summary of our intangible assets and related accumulated amortization at May 31, 2021 and 2020 is as follows (in millions):

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