Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS

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GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2020
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, 2020 and December 31, 2019 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain &
Freight		 Consolidated
December 31, 2019: $ 715    $ 416    $ 2,682    $ 3,813   
Acquired —    —    —    —   
Currency / Other
 —    (6)   (20)   (26)  
June 30, 2020: $ 715    $ 410    $ 2,662    $ 3,787   
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, 2020 and December 31, 2019 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
June 30, 2020:
Capitalized software $ 4,329    $ (2,810)   $ 1,519   
Licenses 116    (78)   38   
Franchise rights 146    (111)   35   
Customer relationships 713    (305)   408   
Trade name 200    —    200   
Trademarks, patents and other 23    (16)   7   
Total Intangible Assets, Net $ 5,527    $ (3,320)   $ 2,207   
December 31, 2019:
Capitalized software $ 4,125    $ (2,704)   $ 1,421   
Licenses 117    (64)   53   
Franchise rights 146    (109)   37   
Customer relationships 730    (282)   448   
Trade name 200    —    200   
Trademarks, patents and other 29    (21)   8   
Total Intangible Assets, Net $ 5,347    $ (3,180)   $ 2,167   
        As of June 30, 2020, 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.
Impairment tests for finite-lived intangible assets are performed when a triggering event occurs that may indicate that the carrying value of the intangible asset may not be recoverable. We recorded a $4 million impairment charge for finite-lived intangible assets in the second quarter. There was no impairment in 2019.