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, 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 June 30, 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 —  —  61  61 
Currency / Other
 —  (21) (57) (78)
June 30, 2022: $ 847  $ 382  $ 2,446  $ 3,675 
The goodwill balances for both International Package and Supply Chain Solutions decreased due to the impact of changes in the value of the U.S. Dollar on the translation of non-U.S. Dollar goodwill balances. In May 2022, we acquired Delivery Solutions, a digital platform that optimizes customer deliveries across multiple networks. The acquisition was funded with cash from operations and was not material to our consolidated financial position or results of operations. The goodwill associated with the acquisition is included within Supply Chain Solutions.
The following is a summary of intangible assets as of June 30, 2022 and December 31, 2021 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
June 30, 2022:
Capitalized software $ 5,048  $ (3,406) $ 1,642 
Licenses 48  (22) 26 
Franchise rights 138  (36) 102 
Customer relationships 720  (435) 285 
Trade name 67  (5) 62 
Trademarks, patents and other 169  (14) 155 
Amortizable intangible assets $ 6,190  $ (3,918) $ 2,272 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 6,394  $ (3,918) $ 2,476 
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 June 30, 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 2021 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 testing date, although this excess was less than 10 percent. There were no events or changes in circumstances during the six months ended June 30, 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 or six months ended June 30, 2022. We recorded $1 and $7 million in impairment charges for finite-lived intangible assets during the three and six months ended June 30, 2021, respectively.