Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.10.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table indicates the allocation of goodwill by reportable segment as of September 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
—

 
(19
)
 
(28
)
 
(47
)
September 30, 2018:
$
715

 
$
416

 
$
2,694

 
$
3,825

Schedule of Intangible Assets (Excluding Goodwill) The following is a summary of intangible assets as of September 30, 2018 and December 31, 2017 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
September 30, 2018:
 
 
 
 
 
Capitalized software
$
3,631

 
$
(2,454
)
 
$
1,177

Licenses
114

 
(29
)
 
85

Franchise rights
145

 
(102
)
 
43

Customer relationships
740

 
(200
)
 
540

Trade name
200

 
—

 
200

Trademarks, patents and other
54

 
(29
)
 
25

Total Intangible Assets, Net
$
4,884


$
(2,814
)
 
$
2,070

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