Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.19.3
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of September 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

 
3

 
5

Currency / Other
—

 
(7
)
 
(26
)
 
(33
)
September 30, 2019:
$
715

 
$
412

 
$
2,656

 
$
3,783


Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of September 30, 2019 and December 31, 2018 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
September 30, 2019:
 
 
 
 
 
Capitalized software
$
4,004

 
$
(2,641
)
 
$
1,363

Licenses
117

 
(57
)
 
60

Franchise rights
146

 
(109
)
 
37

Customer relationships
720

 
(261
)
 
459

Trade name
200

 
—

 
200

Trademarks, patents and other
42

 
(30
)
 
12

Total Intangible Assets, Net
$
5,229


$
(3,098
)
 
$
2,131

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