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, 2021
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, 2021 and December 31, 2020 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain &
Freight		 Consolidated
December 31, 2020: $ 715  $ 422  $ 2,230  $ 3,367 
Acquired —  —  —  — 
Currency / Other
 —  (9) (12) (21)
March 31, 2021: $ 715  $ 413  $ 2,218  $ 3,346 
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, 2021 and December 31, 2020 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
March 31, 2021:
Capitalized software $ 4,610  $ (3,027) $ 1,583 
Licenses 102  (44) 58 
Franchise rights 168  (114) 54 
Customer relationships 725  (359) 366 
Trade name 200  —  200 
Trademarks, patents and other 22  (15) 7 
Total Intangible Assets, Net $ 5,827  $ (3,559) $ 2,268 
December 31, 2020:
Capitalized software $ 4,531  $ (2,962) $ 1,569 
Licenses 100  (37) 63 
Franchise rights 165  (113) 52 
Customer relationships 729  (344) 385 
Trade name 200  —  200 
Trademarks, patents and other 18  (13) 5 
Total Intangible Assets, Net $ 5,743  $ (3,469) $ 2,274 
As of March 31, 2021, 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. We recorded $6 million in impairment charges for finite-lived intangible assets during the three months ended March 31, 2021. There were no impairment charges during the same period of 2020.