Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.19.3.a.u2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Allocation of Goodwill by Reportable Segment
The following table indicates the allocation of goodwill by segment (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
Balance on January 1, 2018
$
715

 
$
435

 
$
2,722

 
$
3,872

Acquired
—

 
—

 
—

 
—

Currency / Other
—

 
(18
)
 
(43
)
 
(61
)
Balance on December 31, 2018
$
715

 
$
417

 
$
2,679

 
$
3,811

Acquired
—

 
2

 
3

 
5

Currency / Other
—

 
(3
)
 
—

 
(3
)
Balance on December 31, 2019
$
715

 
$
416

 
$
2,682

 
$
3,813


Summary of Intangible Assets
The following is a summary of intangible assets at December 31, 2019 and 2018 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
 
Weighted-Average
Amortization
Period
(in years)
December 31, 2019
 
 
 
 
 
 
 
Capitalized software
$
4,125

 
$
(2,704
)
 
$
1,421

 
6.9
Licenses
117

 
(64
)
 
53

 
3.9
Franchise rights
146

 
(109
)
 
37

 
20.0
Customer relationships
730

 
(282
)
 
448

 
10.6
Trade name
200

 
—

 
200

 
N/A
Trademarks, patents and other
29

 
(21
)
 
8

 
7.7
Total Intangible Assets
$
5,347

 
$
(3,180
)
 
$
2,167

 
7.7
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
$
4,943

 
$
(2,867
)
 
$
2,075