Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v2.3.0.15
GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2011
Schedule of Goodwill

The following table indicates the allocation of goodwill by reportable segment as of September 30, 2011 and December 31, 2010 (in millions):

 

     U.S. Domestic
Package
     International
Package
    Supply Chain &
Freight
    Consolidated  

December 31, 2010 balance

   $ —         $ 377      $ 1,704      $ 2,081   

Acquired

     —           —          —          —     

Currency / Other

     —           (10     (5     (15
  

 

 

    

 

 

   

 

 

   

 

 

 

September 30, 2011 balance

     —         $ 367      $ 1,699      $ 2,066   
  

 

 

    

 

 

   

 

 

   

 

 

 
Summary of Intangible Assets

The following is a summary of intangible assets as of September 30, 2011 and December 31, 2010 (in millions):

 

     Gross Carrying
Amount
     Accumulated
Amortization
    Net Carrying
Value
 

September 30, 2011:

       

Trademarks, licenses, patents, and other

   $ 240       $ (88   $ 152   

Customer lists

     97         (65     32   

Franchise rights

     109         (57     52   

Capitalized software

     1,996         (1,610     386   
  

 

 

    

 

 

   

 

 

 

Total Intangible Assets, Net

   $ 2,442       $ (1,820   $ 622   
  

 

 

    

 

 

   

 

 

 

December 31, 2010:

       

Trademarks, licenses, patents, and other

   $ 187       $ (50   $ 137   

Customer lists

     99         (59     40   

Franchise rights

     109         (52     57   

Capitalized software

     1,927         (1,562     365   
  

 

 

    

 

 

   

 

 

 

Total Intangible Assets, Net

   $ 2,322       $ (1,723   $ 599