Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [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, 2023 $ 847  $ 492  $ 2,884  $ 4,223 
Acquired —  4  723  727 
Impairments —  —  (125) (125)
Currency / Other —  7  40  47 
Balance as of December 31, 2023 $ 847  $ 503  $ 3,522  $ 4,872 
Acquired —  —  4  4 
Divestiture
 —  —  (495) (495)
Currency / Other —  (16) (65) (81)
Balance as of December 31, 2024 $ 847  $ 487  $ 2,966  $ 4,300 
Schedule of Finite-Lived Intangible Assets
The following is a summary of intangible assets as of December 31, 2024 and 2023 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value		 Weighted-Average
Amortization
Period
(in years)
December 31, 2024
Capitalized software $ 6,088  $ (4,159) $ 1,929  6.9
Licenses 30  (12) 18  4.1
Franchise rights 348  (55) 293  20.0
Customer relationships 677  (206) 471  13.6
Trade name 109  (26) 83  10.2
Trademarks, patents and other 369  (103) 266  7.5
Amortizable intangible assets $ 7,621  $ (4,561) $ 3,060  8.2
Indefinite-lived intangible assets 4  —  4 
Total Intangible Assets $ 7,625  $ (4,561) $ 3,064 
December 31, 2023
Capitalized software $ 5,839  $ (3,900) $ 1,939 
Licenses 30  (7) 23 
Franchise rights 291  (49) 242 
Customer relationships 1,115  (516) 599 
Trade name 172  (30) 142 
Trademarks, patents and other 320  (53) 267 
Amortizable intangible assets $ 7,767  $ (4,555) $ 3,212 
Indefinite-lived intangible assets 93  —  93 
Total Intangible Assets $ 7,860  $ (4,555) $ 3,305 
Schedule of Indefinite-Lived Intangible Assets
The following is a summary of intangible assets as of December 31, 2024 and 2023 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value		 Weighted-Average
Amortization
Period
(in years)
December 31, 2024
Capitalized software $ 6,088  $ (4,159) $ 1,929  6.9
Licenses 30  (12) 18  4.1
Franchise rights 348  (55) 293  20.0
Customer relationships 677  (206) 471  13.6
Trade name 109  (26) 83  10.2
Trademarks, patents and other 369  (103) 266  7.5
Amortizable intangible assets $ 7,621  $ (4,561) $ 3,060  8.2
Indefinite-lived intangible assets 4  —  4 
Total Intangible Assets $ 7,625  $ (4,561) $ 3,064 
December 31, 2023
Capitalized software $ 5,839  $ (3,900) $ 1,939 
Licenses 30  (7) 23 
Franchise rights 291  (49) 242 
Customer relationships 1,115  (516) 599 
Trade name 172  (30) 142 
Trademarks, patents and other 320  (53) 267 
Amortizable intangible assets $ 7,767  $ (4,555) $ 3,212 
Indefinite-lived intangible assets 93  —  93 
Total Intangible Assets $ 7,860  $ (4,555) $ 3,305