Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.2.0.727
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of June 30, 2015 and December 31, 2014 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2014:
$
—

 
$
449

 
$
1,735

 
$
2,184

Acquired
—

 
—

 
72

 
72

Currency / Other
—

 
(16
)
 
(26
)
 
(42
)
June 30, 2015:
$
—

 
$
433

 
$
1,781

 
$
2,214

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of June 30, 2015 and December 31, 2014 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
June 30, 2015:
 
 
 
 
 
Capitalized software
$
2,613

 
$
(1,934
)
 
$
679

Licenses
214

 
(152
)
 
62

Franchise rights
121

 
(80
)
 
41

Customer lists
144

 
(71
)
 
73

Trademarks, patents, and other
35

 
(12
)
 
23

Total Intangible Assets, Net
$
3,127


$
(2,249
)
 
$
878

December 31, 2014:
 
 
 
 
 
Capitalized software
$
2,641

 
$
(1,997
)
 
$
644

Licenses
217

 
(133
)
 
84

Franchise rights
117

 
(77
)
 
40

Customer lists
123

 
(66
)
 
57

Trademarks, patents, and other
31

 
(9
)
 
22

Total Intangible Assets, Net
$
3,129

 
$
(2,282
)
 
$
847