Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v2.4.0.8
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of September 30, 2014 and December 31, 2013 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2013:
$
—

 
$
420

 
$
1,770

 
$
2,190

Acquired
—

 
—

 
11

 
11

Currency / Other
—

 
(14
)
 
(33
)
 
(47
)
September 30, 2014:
$
—

 
$
406

 
$
1,748

 
$
2,154

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of September 30, 2014 and December 31, 2013 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
September 30, 2014:
 
 
 
 
 
Capitalized software
$
2,599

 
$
(1,983
)
 
$
616

Licenses
224

 
(132
)
 
92

Franchise rights
116

 
(75
)
 
41

Customer lists
121

 
(63
)
 
58

Trademarks, patents, and other
34

 
(13
)
 
21

Total Intangible Assets, Net
$
3,094


$
(2,266
)
 
$
828

December 31, 2013:
 
 
 
 
 
Capitalized software
$
2,420

 
$
(1,897
)
 
$
523

Licenses
220

 
(97
)
 
123

Franchise rights
117

 
(70
)
 
47

Customer lists
118

 
(62
)
 
56

Trademarks, patents, and other
37

 
(11
)
 
26

Total Intangible Assets, Net
$
2,912

 
$
(2,137
)
 
$
775