Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v2.4.0.8
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of June 30, 2014 and December 31, 2013 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2013:
$
—

 
$
420

 
$
1,770

 
$
2,190

Acquired
—

 
—

 
11

 
11

Currency / Other
—

 
3

 
(2
)
 
1

June 30, 2014:
$
—

 
$
423

 
$
1,779

 
$
2,202

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of June 30, 2014 and December 31, 2013 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
June 30, 2014:
 
 
 
 
 
Capitalized software
$
2,547

 
$
(1,953
)
 
$
594

Licenses
225

 
(121
)
 
104

Franchise rights
117

 
(74
)
 
43

Customer lists
125

 
(61
)
 
64

Trademarks, patents, and other
37

 
(12
)
 
25

Total Intangible Assets, Net
$
3,051


$
(2,221
)
 
$
830

December 31, 2013:
 
 
 
 
 
Capitalized software
$
2,420

 
$
(1,897
)
 
$
523

Licenses
220

 
(97
)
 
123

Franchise rights
117

 
(70
)
 
47

Customer lists
118

 
(62
)
 
56

Trademarks, patents, and other
37

 
(11
)
 
26

Total Intangible Assets, Net
$
2,912

 
$
(2,137
)
 
$
775