Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.20.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Allocation of Goodwill by Reportable Segment
The following table indicates the allocation of goodwill by segment (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain &
Freight		 Consolidated
Balance on January 1, 2019 $ 715  $ 417  $ 2,679  $ 3,811 
Acquired —  2  3  5 
Currency / Other —  (3) —  (3)
Balance on December 31, 2019 $ 715  $ 416  $ 2,682  $ 3,813 
Acquired —  —  —  — 
Impairments —  —  (494) (494)
Currency / Other —  6  42  48 
Balance on December 31, 2020 $ 715  $ 422  $ 2,230  $ 3,367 
Summary of Intangible Assets
The following is a summary of intangible assets as of December 31, 2020 and 2019 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value		 Weighted-Average
Amortization
Period
(in years)
December 31, 2020
Capitalized software $ 4,531  $ (2,962) $ 1,569  6.9
Licenses 100  (37) 63  3.8
Franchise rights 165  (113) 52  20.0
Customer relationships 729  (344) 385  10.6
Trade name 200  —  200  N/M
Trademarks, patents and other 18  (13) 5  12.0
Total Intangible Assets $ 5,743  $ (3,469) $ 2,274  7.7
December 31, 2019
Capitalized software $ 4,125  $ (2,704) $ 1,421 
Licenses 117  (64) 53 
Franchise rights 146  (109) 37 
Customer relationships 730  (282) 448 
Trade name 200  —  200 
Trademarks, patents and other 29  (21) 8 
Total Intangible Assets $ 5,347  $ (3,180) $ 2,167