Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.10.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of June 30, 2018 and December 31, 2017 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2017:
$
715

 
$
435

 
$
2,722

 
$
3,872

Acquired

 

 

 

Currency / Other

 
(11
)
 
(24
)
 
(35
)
June 30, 2018:
$
715

 
$
424

 
$
2,698

 
$
3,837

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of June 30, 2018 and December 31, 2017 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
June 30, 2018:
 
 
 
 
 
Capitalized software
$
3,507

 
$
(2,404
)
 
$
1,103

Licenses
115

 
(23
)
 
92

Franchise rights
145

 
(101
)
 
44

Customer relationships
741

 
(182
)
 
559

Trade name
200

 

 
200

Trademarks, patents and other
55

 
(25
)
 
30

Total Intangible Assets, Net
$
4,763


$
(2,735
)
 
$
2,028

December 31, 2017:
 
 
 
 
 
Capitalized software
$
3,273

 
$
(2,310
)
 
$
963

Licenses
114

 
(10
)
 
104

Franchise rights
144

 
(97
)
 
47

Customer relationships
776

 
(160
)
 
616

Trade name
200

 

 
200

Trademarks, patents and other
71

 
(37
)
 
34

Total Intangible Assets, Net
$
4,578

 
$
(2,614
)
 
$
1,964