United Parcel Service, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2011

The following table indicates the allocation of goodwill by reportable segment as of September 30, 2011 and December 31, 2010 (in millions):


	U.S. Domestic Package		International Package			Supply Chain & Freight			Consolidated
December 31, 2010 balance	$	—	$	377		$	1,704		$	2,081
Acquired		—		—			—			—
Currency / Other		—		(10	)		(5	)		(15	)

September 30, 2011 balance		—	$	367		$	1,699		$	2,066

Summary of Intangible Assets

The following is a summary of intangible assets as of September 30, 2011 and December 31, 2010 (in millions):


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
September 30, 2011:
Trademarks, licenses, patents, and other	$	240	$	(88	)	$	152
Customer lists		97		(65	)		32
Franchise rights		109		(57	)		52
Capitalized software		1,996		(1,610	)		386

Total Intangible Assets, Net	$	2,442	$	(1,820	)	$	622


December 31, 2010:
Trademarks, licenses, patents, and other	$	187	$	(50	)	$	137
Customer lists		99		(59	)		40
Franchise rights		109		(52	)		57
Capitalized software		1,927		(1,562	)		365

Total Intangible Assets, Net	$	2,322	$	(1,723	)	$	599

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References + Details