Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.23.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill as of June 30, 2023 and December 31, 2022 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain Solutions Consolidated
December 31, 2022: $ 847  $ 492  $ 2,884  $ 4,223 
Acquired —  —  8  8 
Impairments —  —  (8) (8)
Currency / Other —  3  24  27 
June 30, 2023: $ 847  $ 495  $ 2,908  $ 4,250 
Schedule of Intangible Assets (Excluding Goodwill) The following is a summary of intangible assets as of June 30, 2023 and December 31, 2022 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
June 30, 2023:
Capitalized software $ 5,507  $ (3,694) $ 1,813 
Licenses 55  (38) 17 
Franchise rights 260  (42) 218 
Customer relationships 860  (472) 388 
Trade name 126  (12) 114 
Trademarks, patents and other 187  (51) 136 
Amortizable intangible assets $ 6,995  $ (4,309) $ 2,686 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 7,199  $ (4,309) $ 2,890 
December 31, 2022:
Capitalized software $ 5,186  $ (3,500) $ 1,686 
Licenses 55  (30) 25 
Franchise rights 226  (37) 189 
Customer relationships 872  (453) 419 
Trade name 125  (8) 117 
Trademarks, patents and other 183  (27) 156 
Amortizable intangible assets $ 6,647  $ (4,055) $ 2,592 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 6,851  $ (4,055) $ 2,796