Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v2.4.0.6
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of March 31, 2012 and December 31, 2011 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2011 balance
$
—

 
$
361

 
$
1,740

 
$
2,101

Acquired
—

 
67

 
—

 
67

Currency / Other
—

 
4

 
5

 
9

March 31, 2012 balance
—

 
$
432

 
$
1,745

 
$
2,177

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of March 31, 2012 and December 31, 2011 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
March 31, 2012:
 
 
 
 
 
Trademarks, licenses, patents, and other
$
189

 
$
(65
)
 
$
124

Customer lists
132

 
(70
)
 
62

Franchise rights
111

 
(59
)
 
52

Capitalized software
2,062

 
(1,666
)
 
396

Total Intangible Assets, Net
$
2,494

 
$
(1,860
)
 
$
634

December 31, 2011:
 
 
 
 
 
Trademarks, licenses, patents, and other
$
146

 
$
(54
)
 
$
92

Customer lists
120

 
(66
)
 
54

Franchise rights
109

 
(58
)
 
51

Capitalized software
2,014

 
(1,626
)
 
388

Total Intangible Assets, Net
$
2,389

 
$
(1,804
)
 
$
585