Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.2.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table indicates the allocation of goodwill as of September 30, 2022 and December 31, 2021 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain Solutions Consolidated
December 31, 2021: $ 847  $ 403  $ 2,442  $ 3,692 
Acquired —  —  64  64 
Currency / Other
 —  (32) (100) (132)
September 30, 2022: $ 847  $ 371  $ 2,406  $ 3,624 
Schedule of Intangible Assets (Excluding Goodwill) The following is a summary of intangible assets as of September 30, 2022 and December 31, 2021 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
September 30, 2022:
Capitalized software $ 5,068  $ (3,427) $ 1,641 
Licenses 49  (26) 23 
Franchise rights 141  (37) 104 
Customer relationships 704  (444) 260 
Trade name 67  (7) 60 
Trademarks, patents and other 169  (22) 147 
Amortizable intangible assets $ 6,198  $ (3,963) $ 2,235 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 6,402  $ (3,963) $ 2,439 
December 31, 2021:
Capitalized software $ 4,910  $ (3,275) $ 1,635 
Licenses 58  (27) 31 
Franchise rights 119  (37) 82 
Customer relationships 733  (408) 325 
Trade name 67  (1) 66 
Trademarks, patents and other 158  (15) 143 
Amortizable intangible assets $ 6,045  $ (3,763) $ 2,282 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 6,249  $ (3,763) $ 2,486