Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.23.3
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill as of September 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 —  —  (125) (125)
Currency / Other —  (5) (4) (9)
September 30, 2023: $ 847  $ 487  $ 2,763  $ 4,097 
Schedule of Intangible Assets (Excluding Goodwill) The following is a summary of intangible assets as of September 30, 2023 and December 31, 2022 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
September 30, 2023:
Capitalized software $ 5,637  $ (3,790) $ 1,847 
Licenses 71  (43) 28 
Franchise rights 261  (46) 215 
Customer relationships 852  (489) 363 
Trade name 124  (24) 100 
Trademarks, patents and other 188  (53) 135 
Amortizable intangible assets $ 7,133  $ (4,445) $ 2,688 
Indefinite-lived intangible assets 204  —  204 
Total Intangible Assets, Net $ 7,337  $ (4,445) $ 2,892 
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