Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.5.0.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of September 30, 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
$
—

 
$
—

 
$
17

 
$
17

September 30, 2016:
$
715

 
$
425

 
$
2,296

 
$
3,436

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of September 30, 2016 and December 31, 2015 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
September 30, 2016:
 
 
 
 
 
Capitalized software
$
2,858

 
$
(2,103
)
 
$
755

Licenses
130

 
(63
)
 
67

Franchise rights
128

 
(88
)
 
40

Customer relationships
511

 
(73
)
 
438

Trade name
200

 
—

 
200

Trademarks, patents and other
58

 
(21
)
 
37

Total Intangible Assets, Net
$
3,885


$
(2,348
)
 
$
1,537

December 31, 2015:
 
 
 
 
 
Capitalized software
$
2,739

 
$
(2,026
)
 
$
713

Licenses
189

 
(116
)
 
73

Franchise rights
125

 
(83
)
 
42

Customer relationships
511

 
(35
)
 
476

Trade name
200

 
—

 
200

Trademarks, patents and other
61

 
(16
)
 
45

Total Intangible Assets, Net
$
3,825

 
$
(2,276
)
 
$
1,549