Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.19.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table indicates the allocation of goodwill by reportable segment as of March 31, 2019 and December 31, 2018 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2018:
$
715

 
$
417

 
$
2,679

 
$
3,811

Acquired
—

 
2

 
—

 
2

Currency / Other
—

 
(2
)
 
2

 
—

March 31, 2019:
$
715

 
$
417

 
$
2,681

 
$
3,813

Schedule of Intangible Assets (Excluding Goodwill) The following is a summary of intangible assets as of March 31, 2019 and December 31, 2018 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
March 31, 2019:
 
 
 
 
 
Capitalized software
$
3,783

 
$
(2,524
)
 
$
1,259

Licenses
117

 
(43
)
 
74

Franchise rights
146

 
(106
)
 
40

Customer relationships
737

 
(236
)
 
501

Trade name
200

 
—

 
200

Trademarks, patents and other
55

 
(36
)
 
19

Total Intangible Assets, Net
$
5,038


$
(2,945
)
 
$
2,093

December 31, 2018:
 
 
 
 
 
Capitalized software
$
3,693

 
$
(2,478
)
 
$
1,215

Licenses
117

 
(36
)
 
81

Franchise rights
145

 
(105
)
 
40

Customer relationships
736

 
(217
)
 
519

Trade name
200

 
—

 
200

Trademarks, patents and other
52

 
(31
)
 
20

Total Intangible Assets, Net
$
4,943

 
$
(2,867
)
 
$
2,075