Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS

v3.19.2
GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The following table indicates the allocation of goodwill by reportable segment as of June 30, 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
—

 
(1
)
 
(1
)
 
(2
)
June 30, 2019:
$
715

 
$
418

 
$
2,678

 
$
3,811



The change in goodwill for both the International Package and Supply Chain & Freight segments was primarily due to the impact of changes in the value of the U.S. Dollar on the translation of non-U.S. Dollar goodwill balances.

The following is a summary of intangible assets as of June 30, 2019 and December 31, 2018 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
June 30, 2019:
 
 
 
 
 
Capitalized software
$
3,898

 
$
(2,579
)
 
$
1,319

Licenses
117

 
(50
)
 
67

Franchise rights
146

 
(108
)
 
38

Customer relationships
735

 
(253
)
 
482

Trade name
200

 
—

 
200

Trademarks, patents and other
55

 
(40
)
 
15

Total Intangible Assets, Net
$
5,151


$
(3,030
)
 
$
2,121

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


    
As of June 30, 2019, we had a trade name with a carrying value of $200 million and licenses with a carrying value of $4 million, which are deemed to be indefinite-lived intangible assets and are included in the table above.