Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.8.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of March 31, 2018 and December 31, 2017 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2017:
$
715

 
$
435

 
$
2,722

 
$
3,872

Acquired
—

 
—

 
—

 
—

Currency / Other
—

 
3

 
18

 
21

March 31, 2018:
$
715

 
$
438

 
$
2,740

 
$
3,893

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of March 31, 2018 and December 31, 2017 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
March 31, 2018:
 
 
 
 
 
Capitalized software
$
3,402

 
$
(2,357
)
 
$
1,045

Licenses
114

 
(17
)
 
97

Franchise rights
146

 
(99
)
 
47

Customer relationships
777

 
(174
)
 
603

Trade name
200

 
—

 
200

Trademarks, patents and other
68

 
(35
)
 
33

Total Intangible Assets, Net
$
4,707


$
(2,682
)
 
$
2,025

December 31, 2017:
 
 
 
 
 
Capitalized software
$
3,273

 
$
(2,310
)
 
$
963

Licenses
114

 
(10
)
 
104

Franchise rights
144

 
(97
)
 
47

Customer relationships
776

 
(160
)
 
616

Trade name
200

 
—

 
200

Trademarks, patents and other
71

 
(37
)
 
34

Total Intangible Assets, Net
$
4,578

 
$
(2,614
)
 
$
1,964