Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.8.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of September 30, 2017 and December 31, 2016 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2016:
$
715

 
$
407

 
$
2,635

 
$
3,757

Acquired
—

 
18

 
25

 
43

Currency / Other
—

 
14

 
24

 
38

September 30, 2017:
$
715

 
$
439

 
$
2,684

 
$
3,838

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of September 30, 2017 and December 31, 2016 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
September 30, 2017:
 
 
 
 
 
Capitalized software
$
3,192

 
$
(2,269
)
 
$
923

Licenses
165

 
(71
)
 
94

Franchise rights
128

 
(95
)
 
33

Customer relationships
751

 
(141
)
 
610

Trade name
200

 
—

 
200

Trademarks, patents and other
72

 
(35
)
 
37

Total Intangible Assets, Net
$
4,508


$
(2,611
)
 
$
1,897

December 31, 2016:
 
 
 
 
 
Capitalized software
$
2,933

 
$
(2,157
)
 
$
776

Licenses
131

 
(70
)
 
61

Franchise rights
128

 
(90
)
 
38

Customer relationships
724

 
(85
)
 
639

Trade name
200

 
—

 
200

Trademarks, patents and other
67

 
(23
)
 
44

Total Intangible Assets, Net
$
4,183

 
$
(2,425
)
 
$
1,758