United Parcel Service, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

BUSINESS ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

BUSINESS ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2011

Allocation of Goodwill by Reportable Segment

The following table indicates the allocation of goodwill by reportable segment (in millions):


	U.S. Domestic Package		International Package			Supply Chain & Freight			Consolidated
December 31, 2009 balance	$	—	$	374		$	1,715		$	2,089
Acquired		—		—			—			—
Purchase Accounting Adjustments		—		5			(2	)		3
Currency / Other		—		(2	)		(9	)		(11	)

December 31, 2010 balance	$	—	$	377		$	1,704		$	2,081
Acquired		—		—			46			46
Currency / Other		—		(16	)		(10	)		(26	)

December 31, 2011 balance	$	—	$	361		$	1,740		$	2,101

Summary of Intangible Assets

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


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Weighted- Average Amortization Period (in years)
December 31, 2011:
Trademarks, licenses, patents, and other	$	146	$	(54	)	$	92		4.3
Customer lists		120		(66	)		54		11.5
Franchise rights		109		(58	)		51		20.0
Capitalized software		2,014		(1,626	)		388		3.1

Total Intangible Assets, Net	$	2,389	$	(1,804	)	$	585		4.4

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

The entire disclosure for all or part of the information related to intangible assets.

+ References + Details

- 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