Annual report pursuant to Section 13 and 15(d)

BUSINESS ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)

v2.4.0.8
BUSINESS ACQUISITIONS, GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2013
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, 2012
$
—

 
$
361

 
$
1,740

 
$
2,101

Acquired
—

 
67

 
—

 
67

Currency / Other
—

 
2

 
3

 
5

Balance on December 31, 2012
$
—

 
$
430

 
$
1,743

 
$
2,173

Acquired
—

 
3

 
20

 
23

Currency / Other
—

 
(13
)
 
7

 
(6
)
Balance on December 31, 2013
$
—

 
$
420

 
$
1,770

 
$
2,190

Summary of Intangible Assets
The following is a summary of intangible assets at December 31, 2013 and 2012 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
 
Weighted-
Average
Amortization
Period
(in years)
December 31, 2013
 
 
 
 
 
 
 
Trademarks, licenses, patents, and other
$
257

 
$
(108
)
 
$
149

 
6.2
Customer lists
118

 
(62
)
 
56

 
12.8
Franchise rights
117

 
(70
)
 
47

 
20.0
Capitalized software
2,420

 
(1,897
)
 
523

 
5.0
Total Intangible Assets, Net
$
2,912

 
$
(2,137
)
 
$
775

 
6.0
December 31, 2012
 
 
 
 
 
 
 
Trademarks, licenses, patents, and other
$
163

 
$
(80
)
 
$
83

 
 
Customer lists
131

 
(79
)
 
52

 
 
Franchise rights
117

 
(64
)
 
53

 
 
Capitalized software
2,197

 
(1,782
)
 
415

 
 
Total Intangible Assets, Net
$
2,608

 
$
(2,005
)
 
$
603