Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

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GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill as of March 31, 2024 and December 31, 2023 (in millions):
U.S. Domestic
Package		 International
Package		 Supply Chain Solutions Consolidated
December 31, 2023: $ 847  $ 503  $ 3,522  $ 4,872 
Acquired —  —  8  8 
Currency / Other —  (7) (27) (34)
March 31, 2024: $ 847  $ 496  $ 3,503  $ 4,846 
Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of March 31, 2024 and December 31, 2023 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
March 31, 2024:
Capitalized software $ 5,923  $ (4,007) $ 1,916 
Licenses 45  (13) 32 
Franchise rights 332  (48) 284 
Customer relationships 1,114  (537) 577 
Trade name 112  (19) 93 
Trademarks, patents and other 377  (64) 313 
Amortizable intangible assets $ 7,903  $ (4,688) $ 3,215 
Indefinite-lived intangible assets 93  —  93 
Total Intangible Assets, Net $ 7,996  $ (4,688) $ 3,308 
December 31, 2023:
Capitalized software $ 5,839  $ (3,900) $ 1,939 
Licenses 30  (7) 23 
Franchise rights 291  (49) 242 
Customer relationships 1,115  (516) 599 
Trade name 172  (30) 142 
Trademarks, patents and other 320  (53) 267 
Amortizable intangible assets $ 7,767  $ (4,555) $ 3,212 
Indefinite-lived intangible assets 93  —  93 
Total Intangible Assets, Net $ 7,860  $ (4,555) $ 3,305