Annual report pursuant to Section 13 and 15(d)

BUSINESS ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

v2.4.1.9
BUSINESS ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Allocation of Goodwill by Reportable Segment
The following table indicates the allocation of goodwill by reportable segment (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
Balance on January 1, 2013
$
—

 
$
430

 
$
1,743

 
$
2,173

Acquired
—

 
3

 
20

 
23

Currency / Other
—

 
(13
)
 
7

 
(6
)
Balance on December 31, 2013
$
—

 
$
420

 
$
1,770

 
$
2,190

Acquired
—

 
52

 
13

 
65

Currency / Other
—

 
(23
)
 
(48
)
 
(71
)
Balance on December 31, 2014
$
—

 
$
449

 
$
1,735

 
$
2,184

Summary of Intangible Assets
The following is a summary of intangible assets at December 31, 2014 and 2013 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
 
Weighted-
Average
Amortization
Period
(in years)
December 31, 2014
 
 
 
 
 
 
 
Capitalized software
$
2,641

 
$
(1,997
)
 
$
644

 
5.0
Licenses
217

 
(133
)
 
84

 
5.1
Franchise rights
117

 
(77
)
 
40

 
20.0
Customer lists
123

 
(66
)
 
57

 
11.7
Trademarks, patents, and other
31

 
(9
)
 
22

 
12.6
Total Intangible Assets, Net
$
3,129

 
$
(2,282
)
 
$
847

 
5.9
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