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, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of March 31, 2013 and December 31, 2012 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2012:
$
—

 
$
430

 
$
1,743

 
$
2,173

Acquired
—

 
—

 
—

 
—

Currency / Other
—

 
(12
)
 
(10
)
 
(22
)
March 31, 2013:
—

 
$
418

 
$
1,733

 
$
2,151

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of March 31, 2013 and December 31, 2012 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
March 31, 2013:
 
 
 
 
 
Trademarks, licenses, patents, and other
$
211

 
$
(89
)
 
$
122

Customer lists
129

 
(81
)
 
48

Franchise rights
117

 
(66
)
 
51

Capitalized software
2,259

 
(1,826
)
 
433

Total Intangible Assets, Net
$
2,716

 
$
(2,062
)
 
$
654

December 31, 2012:
 
 
 
 
 
Trademarks, licenses, patents, and other
$
163

 
$
(80
)
 
$
83

Customer lists
131

 
(79
)
 
52

Franchise rights
117

 
(64
)
 
53

Capitalized software
2,197

 
(1,782
)
 
415

Total Intangible Assets, Net
$
2,608

 
$
(2,005
)
 
$
603