Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.4.0.3
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of March 31, 2016 and December 31, 2015 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2015:
$
715

 
$
425

 
$
2,279

 
$
3,419

Acquired
—

 
—

 
—

 
—

Currency / Other
—

 
5

 
16

 
21

March 31, 2016:
$
715

 
$
430

 
$
2,295

 
$
3,440

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of March 31, 2016 and December 31, 2015 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
March 31, 2016:
 
 
 
 
 
Capitalized software
$
2,798

 
$
(2,071
)
 
$
727

Licenses
214

 
(127
)
 
87

Franchise rights
132

 
(85
)
 
47

Customer relationships
512

 
(47
)
 
465

Trade name
200

 
—

 
200

Trademarks, patents, and other
62

 
(19
)
 
43

Total Intangible Assets, Net
$
3,918


$
(2,349
)
 
$
1,569

December 31, 2015:
 
 
 
 
 
Capitalized software
$
2,739

 
$
(2,026
)
 
$
713

Licenses
189

 
(116
)
 
73

Franchise rights
125

 
(83
)
 
42

Customer list
511

 
(35
)
 
476

Trade name
200

 
—

 
200

Trademarks, patents, and other
61

 
(16
)
 
45

Total Intangible Assets, Net
$
3,825

 
$
(2,276
)
 
$
1,549