Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.24.2.u1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill as of June 30, 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 —  —  21  21 
Currency / Other —  (11) (532) (543)
June 30, 2024: $ 847  $ 492  $ 3,011  $ 4,350 
Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of June 30, 2024 and December 31, 2023 (in millions):
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
June 30, 2024:
Capitalized software $ 5,954  $ (4,061) $ 1,893 
Licenses 45  (19) 26 
Franchise rights 348  (51) 297 
Customer relationships 684  (186) 498 
Trade name 112  (23) 89 
Trademarks, patents and other 376  (77) 299 
Amortizable intangible assets $ 7,519  $ (4,417) $ 3,102 
Indefinite-lived intangible assets 4  —  4 
Total Intangible Assets, Net $ 7,523  $ (4,417) $ 3,106 
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