Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.23.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill as of March 31, 2023 and December 31, 2022 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain Solutions Consolidated
December 31, 2022: $ 847  $ 492  $ 2,884  $ 4,223 
Acquired —  —  9  9 
Impairments —  —  (8) (8)
Currency / Other —  6  19  25 
March 31, 2023: $ 847  $ 498  $ 2,904  $ 4,249 
Schedule of Intangible Assets (Excluding Goodwill) The following is a summary of intangible assets as of March 31, 2023 and December 31, 2022 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
March 31, 2023:
Capitalized software $ 5,300  $ (3,598) $ 1,702 
Licenses 55  (34) 21 
Franchise rights 261  (39) 222 
Customer relationships 880  (474) 406 
Trade name 126  (10) 116 
Trademarks, patents and other 177  (37) 140 
Amortizable intangible assets $ 6,799  $ (4,192) $ 2,607 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 7,003  $ (4,192) $ 2,811 
December 31, 2022:
Capitalized software $ 5,186  $ (3,500) $ 1,686 
Licenses 55  (30) 25 
Franchise rights 226  (37) 189 
Customer relationships 872  (453) 419 
Trade name 125  (8) 117 
Trademarks, patents and other 183  (27) 156 
Amortizable intangible assets $ 6,647  $ (4,055) $ 2,592 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 6,851  $ (4,055) $ 2,796