v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
May 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
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 EliminationsTotal
Goodwill at May 31, 2024$5,769 $771 $1,961 $8,501 
Accumulated impairment charges— (133)(1,945)(2,078)
Balance as of May 31, 20245,769 638 16 6,423 
Goodwill acquired(2)
38 — — 38 
Other(1)
142 — — 142 
Balance as of May 31, 20255,949 638 16 6,603 
Goodwill acquired(2)
5 — — 5 
Other(1)
125 — — 125 
Balance as of May 31, 20266,079 638 16 6,733 
Accumulated goodwill impairment charges as of May 31, 2026$— $(133)$(1,945)$(2,078)
(1)Primarily currency translation adjustments.
(2)Goodwill acquired related to the acquisition of RouteSmart Technologies.
We evaluated each of our reporting units during the fourth quarters of 2026 and 2025 and the estimated fair value of each of our reporting units exceeded their carrying values as of the end of 2026 and 2025; therefore, no impairment was recorded during any of the years presented.
OTHER INTANGIBLE ASSETS. The summary of our intangible assets and related accumulated amortization at May 31, 2026 and 2025 is as follows (in millions):
20262025
Gross
Carrying
Amount		Accumulated
Amortization		Net Book
Value		Gross
Carrying
Amount		Accumulated
Amortization		Net Book
Value
Customer relationships$591 $(505)$86 $580 $(454)$126 
Technology132 (65)67 132 (53)79 
Trademarks and other1 (1)— 1 (1)— 
Total$724 $(571)$153 $713 $(508)$205 
Amortization expense for intangible assets was $54 million in 2026, $48 million in 2025, and $47 million in 2024.
Expected amortization expense for the next five years ending May 31 is as follows (in millions):
2027$53 
202851 
202911 
203010 
20319