Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.3.1.900
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Allocation of Goodwill by Reportable Segment
The following table indicates the allocation of goodwill by reportable segment (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
Balance on January 1, 2014
$
6

 
$
420

 
$
1,764

 
$
2,190

Acquired
—

 
52

 
13

 
65

Currency / Other
—

 
(23
)
 
(48
)
 
(71
)
Balance on December 31, 2014
$
6

 
$
449

 
$
1,729

 
$
2,184

Acquired
709

 
—

 
585

 
1,294

Currency / Other
—

 
(24
)
 
(35
)
 
(59
)
Balance on December 31, 2015
$
715

 
$
425

 
$
2,279

 
$
3,419

Summary of Intangible Assets
The following is a summary of intangible assets at December 31, 2015 and 2014 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
 
Weighted-
Average
Amortization
Period
(in years)
December 31, 2015
 
 
 
 
 
 
 
Capitalized software
$
2,739

 
$
(2,026
)
 
$
713

 
5.0
Licenses
189

 
(116
)
 
73

 
6.1
Franchise rights
125

 
(83
)
 
42

 
20.0
Customer relationships
511

 
(35
)
 
476

 
10.3
Trade name
200

 
—

 
200

 
NA
Trademarks, patents, and other
61

 
(16
)
 
45

 
7.8
Total Intangible Assets, Net
$
3,825

 
$
(2,276
)
 
$
1,549

 
5.1
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