Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS

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GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The following table indicates the allocation of goodwill by reportable segment as of March 31, 2020 and December 31, 2019 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain &
Freight		 Consolidated
December 31, 2019: $ 715    $ 416    $ 2,682    $ 3,813   
Acquired —    —    —    —   
Currency / Other
 —    (7)   (30)   (37)  
March 31, 2020: $ 715    $ 409    $ 2,652    $ 3,776   
The change in goodwill for both the International Package and Supply Chain & Freight segments was primarily due to the impact of changes in the value of the U.S. Dollar on the translation of non-U.S. Dollar goodwill balances.
The following is a summary of intangible assets as of March 31, 2020 and December 31, 2019 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
March 31, 2020:
Capitalized software $ 4,198    $ (2,734)   $ 1,464   
Licenses 115    (71)   44   
Franchise rights 146    (110)   36   
Customer relationships 710    (287)   423   
Trade name 200    —    200   
Trademarks, patents and other 24    (15)   9   
Total Intangible Assets, Net $ 5,393    $ (3,217)   $ 2,176   
December 31, 2019:
Capitalized software $ 4,125    $ (2,704)   $ 1,421   
Licenses 117    (64)   53   
Franchise rights 146    (109)   37   
Customer relationships 730    (282)   448   
Trade name 200    —    200   
Trademarks, patents and other 29    (21)   8   
Total Intangible Assets, Net $ 5,347    $ (3,180)   $ 2,167   
        As of March 31, 2020, we had a trade name with a carrying value of $200 million and licenses with a carrying value of $4 million, which are deemed to be indefinite-lived intangible assets and are included in the table above. Impairment tests for finite-lived intangible assets are performed when a triggering event occurs that may indicate that the carrying value of the intangible asset may not be recoverable. There was no impairment of finite-lived assets in 2020 or 2019.