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, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The following table indicates the allocation of goodwill as of March 31, 2022 and December 31, 2021 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain Solutions Consolidated
December 31, 2021: $ 847  $ 403  $ 2,442  $ 3,692 
Acquired —  —  —  — 
Currency / Other
 —  (7) (17) (24)
March 31, 2022: $ 847  $ 396  $ 2,425  $ 3,668 
The change in goodwill for both International Package and Supply Chain Solutions 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, 2022 and December 31, 2021 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
March 31, 2022:
Capitalized software $ 4,950  $ (3,315) $ 1,635 
Licenses 43  (18) 25 
Franchise rights 118  (37) 81 
Customer relationships 727  (423) 304 
Trade name 67  (3) 64 
Trademarks, patents and other 157  (5) 152 
Amortizable intangible assets $ 6,062  $ (3,801) $ 2,261 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 6,266  $ (3,801) $ 2,465 
December 31, 2021:
Capitalized software $ 4,910  $ (3,275) $ 1,635 
Licenses 58  (27) 31 
Franchise rights 119  (37) 82 
Customer relationships 733  (408) 325 
Trade name 67  (1) 66 
Trademarks, patents and other 158  (15) 143 
Amortizable intangible assets $ 6,045  $ (3,763) $ 2,282 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 6,249  $ (3,763) $ 2,486 
As of March 31, 2022, we had a trade name with a carrying value of $200 million and licenses with a current carrying value of $4 million, which are deemed to be indefinite-lived intangible assets and are included in the table above. Our annual impairment testing of these assets indicated that the fair value of the trade name, which is associated with our truckload brokerage business, remained greater than its carrying value as of our July 1 testing date, although this excess was less than 10 percent. There were no events or changes in circumstances during the first quarter of 2022 that would indicate the carrying amount of our indefinite-lived intangible assets may be impaired as of the date of this report.
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 were no impairment charges for finite-lived intangible assets during the three months ended March 31, 2022. We recorded $6 million in impairment charges for finite-lived intangible assets during the three months ended March 31, 2021.