Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v2.4.0.6
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of September 30, 2012 and December 31, 2011 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2011:
$
—

 
$
361

 
$
1,740

 
$
2,101

Acquired
—

 
67

 
—

 
67

Currency / Other
—

 
5

 
(3
)
 
2

September 30, 2012:
—

 
$
433

 
$
1,737

 
$
2,170

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of September 30, 2012 and December 31, 2011 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
September 30, 2012:
 
 
 
 
 
Trademarks, licenses, patents, and other
$
186

 
$
(89
)
 
$
97

Customer lists
130

 
(75
)
 
55

Franchise rights
111

 
(62
)
 
49

Capitalized software
2,160

 
(1,747
)
 
413

Total Intangible Assets, Net
$
2,587

 
$
(1,973
)
 
$
614

December 31, 2011:
 
 
 
 
 
Trademarks, licenses, patents, and other
$
146

 
$
(54
)
 
$
92

Customer lists
120

 
(66
)
 
54

Franchise rights
109

 
(58
)
 
51

Capitalized software
2,014

 
(1,626
)
 
388

Total Intangible Assets, Net
$
2,389

 
$
(1,804
)
 
$
585