Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.3.0.814
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of September 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
709

 
—

 
609

 
1,318

Currency / Other
—

 
(23
)
 
(37
)
 
(60
)
September 30, 2015:
$
709

 
$
426

 
$
2,307

 
$
3,442

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of September 30, 2015 and December 31, 2014 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
September 30, 2015:
 
 
 
 
 
Capitalized software
$
2,672

 
$
(1,979
)
 
$
693

Licenses
214

 
(163
)
 
51

Franchise rights
122

 
(81
)
 
41

Customer relationships
513

 
(22
)
 
491

Trademarks, patents, and other
261

 
(14
)
 
247

Total Intangible Assets, Net
$
3,782


$
(2,259
)
 
$
1,523

December 31, 2014:
 
 
 
 
 
Capitalized software
$
2,641

 
$
(1,997
)
 
$
644

Licenses
217

 
(133
)
 
84

Franchise rights
117

 
(77
)
 
40

Customer relationships
123

 
(66
)
 
57

Trademarks, patents, and other
31

 
(9
)
 
22

Total Intangible Assets, Net
$
3,129

 
$
(2,282
)
 
$
847