Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill 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 
Schedule of Intangible Assets (Excluding Goodwill) 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