Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
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 as of January 1, 2021 $ 715  $ 422  $ 2,230  $ 3,367 
Acquired 132  —  243  375 
Currency / Other —  (19) (31) (50)
Balance as of December 31, 2021 $ 847  $ 403  $ 2,442  $ 3,692 
Acquired —  105  491  596 
Currency / Other —  (16) (49) (65)
Balance as of December 31, 2022 $ 847  $ 492  $ 2,884  $ 4,223 
Summary of Intangible Assets
The following is a summary of intangible assets as of December 31, 2022 and 2021 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value		 Weighted-Average
Amortization
Period
(in years)
December 31, 2022
Capitalized software $ 5,186  $ (3,500) $ 1,686  6.9
Licenses 55  (30) 25  3.3
Franchise rights 226  (37) 189  20.0
Customer relationships 872  (453) 419  10.2
Trade name 125  (8) 117  7.2
Trademarks, patents and other 183  (27) 156  8.0
Amortizable intangible assets $ 6,647  $ (4,055) $ 2,592  7.8
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets $ 6,851  $ (4,055) $ 2,796 
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 $ 6,249  $ (3,763) $ 2,486