Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.24.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2022 $ 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 
Acquired —  4  723  727 
Impairments —  —  (125) (125)
Currency / Other —  7  40  47 
Balance as of December 31, 2023 $ 847  $ 503  $ 3,522  $ 4,872 
Summary of Intangible Assets
The following is a summary of intangible assets as of December 31, 2023 and 2022 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value		 Weighted-Average
Amortization
Period
(in years)
December 31, 2023
Capitalized software $ 5,839  $ (3,900) $ 1,939  6.8
Licenses 30  (7) 23  4.1
Franchise rights 291  (49) 242  20.0
Customer relationships 1,115  (516) 599  12.2
Trade name 172  (30) 142  8.1
Trademarks, patents and other 320  (53) 267  8.8
Amortizable intangible assets $ 7,767  $ (4,555) $ 3,212  8.2
Indefinite-lived intangible assets 93  —  93 
Total Intangible Assets $ 7,860  $ (4,555) $ 3,305 
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 $ 6,851  $ (4,055) $ 2,796