Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.7.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of March 31, 2017 and December 31, 2016 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2016:
$
715

 
$
407

 
$
2,635

 
$
3,757

Acquired
—

 
—

 
21

 
21

Currency / Other
—

 
3

 
(4
)
 
(1
)
March 31, 2017:
$
715

 
$
410

 
$
2,652

 
$
3,777

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of March 31, 2017 and December 31, 2016 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
March 31, 2017:
 
 
 
 
 
Capitalized software
$
3,016

 
$
(2,196
)
 
$
820

Licenses
109

 
(55
)
 
54

Franchise rights
128

 
(91
)
 
37

Customer relationships
731

 
(103
)
 
628

Trade name
200

 
—

 
200

Trademarks, patents and other
68

 
(27
)
 
41

Total Intangible Assets, Net
$
4,252


$
(2,472
)
 
$
1,780

December 31, 2016:
 
 
 
 
 
Capitalized software
$
2,933

 
$
(2,157
)
 
$
776

Licenses
131

 
(70
)
 
61

Franchise rights
128

 
(90
)
 
38

Customer relationships
724

 
(85
)
 
639

Trade name
200

 
—

 
200

Trademarks, patents and other
67

 
(23
)
 
44

Total Intangible Assets, Net
$
4,183

 
$
(2,425
)
 
$
1,758