Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of September 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
 —  (2) 5  3 
September 30, 2020: $ 715  $ 414  $ 2,687  $ 3,816 
Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of September 30, 2020 and December 31, 2019 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
September 30, 2020:
Capitalized software $ 4,460  $ (2,890) $ 1,570 
Licenses 156  (84) 72 
Franchise rights 158  (112) 46 
Customer relationships 720  (325) 395 
Trade name 200  —  200 
Trademarks, patents and other 23  (17) 6 
Total Intangible Assets, Net $ 5,717  $ (3,428) $ 2,289 
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