Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS

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GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 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 June 30, 2021 and December 31, 2020 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain Solutions Consolidated
December 31, 2020: $ 715  $ 422  $ 2,230  $ 3,367 
Acquired —  —  —  — 
Currency / Other
 —  (7) (3) (10)
June 30, 2021: $ 715  $ 415  $ 2,227  $ 3,357 
The change in goodwill for both the International Package and Supply Chain Solutions 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 June 30, 2021 and December 31, 2020 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
June 30, 2021:
Capitalized software $ 4,689  $ (3,111) $ 1,578 
Licenses 101  (52) 49 
Franchise rights 170  (115) 55 
Customer relationships 728  (378) 350 
Trade name 200  —  200 
Trademarks, patents and other 22  (16) 6 
Total Intangible Assets, Net $ 5,910  $ (3,672) $ 2,238 
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 June 30, 2021, we had a trade name with a carrying value of $200 million and licenses with a carrying value of $5 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. Impairment charges for finite-lived intangible assets during the three months ended June 30, 2021 and 2020 were $1 million and $4 million, respectively. Impairment charges for finite-lived intangible assets during the six months ended June 30, 2021 and 2020 were $7 million and $4 million, respectively.