Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Allocation of Goodwill by Reportable Segment
The following table indicates the allocation of goodwill (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain 
Solutions		 Consolidated
Balance on January 1, 2020 $ 715  $ 416  $ 2,682  $ 3,813 
Acquired —  —  —  — 
Impairments —  —  (494) (494)
Currency / Other —  6  42  48 
Balance on December 31, 2020 $ 715  $ 422  $ 2,230  $ 3,367 
Acquired 132  —  243  375 
Currency / Other —  (19) (31) (50)
Balance on December 31, 2021 $ 847  $ 403  $ 2,442  $ 3,692 
Summary of Intangible Assets
The following is a summary of intangible assets as of December 31, 2021 and 2020 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value		 Weighted-Average
Amortization
Period
(in years)
December 31, 2021
Capitalized software $ 4,910  $ (3,275) $ 1,635  6.9
Licenses 58  (27) 31  3.7
Franchise rights 119  (37) 82  20.0
Customer relationships 733  (408) 325  10.6
Trade name 67  (1) 66  10.3
Trademarks, patents and other 158  (15) 143  8.4
Amortizable intangible assets $ 6,045  $ (3,763) $ 2,282  7.6
Indefinite lived intangible assets 204  —  204 
Total Intangible Assets $ 6,249  $ (3,763) $ 2,486 
December 31, 2020
Capitalized software $ 4,531  $ (2,962) $ 1,569 
Licenses 95  (37) 58 
Franchise rights 165  (113) 52 
Customer relationships 729  (344) 385 
Trademarks, patents and other 18  (13) 5 
Amortizable intangible assets $ 5,538  $ (3,469) $ 2,069 
Indefinite lived intangible assets 205  —  205 
Total Intangible Assets $ 5,743  $ (3,469) $ 2,274