Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v2.4.1.9
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill by reportable segment as of March 31, 2015 and December 31, 2014 (in millions):
 
U.S. Domestic
Package
 
International
Package
 
Supply Chain &
Freight
 
Consolidated
December 31, 2014:
$
—

 
$
449

 
$
1,735

 
$
2,184

Acquired
—

 
—

 
9

 
9

Currency / Other
—

 
(19
)
 
(34
)
 
(53
)
March 31, 2015:
$
—

 
$
430

 
$
1,710

 
$
2,140

Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of March 31, 2015 and December 31, 2014 (in millions):
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Value
March 31, 2015:
 
 
 
 
 
Capitalized software
$
2,532

 
$
(1,874
)
 
$
658

Licenses
217

 
(144
)
 
73

Franchise rights
117

 
(78
)
 
39

Customer lists
118

 
(68
)
 
50

Trademarks, patents, and other
33

 
(9
)
 
24

Total Intangible Assets, Net
$
3,017


$
(2,173
)
 
$
844

December 31, 2014:
 
 
 
 
 
Capitalized software
$
2,641

 
$
(1,997
)
 
$
644

Licenses
217

 
(133
)
 
84

Franchise rights
117

 
(77
)
 
40

Customer lists
123

 
(66
)
 
57

Trademarks, patents, and other
31

 
(9
)
 
22

Total Intangible Assets, Net
$
3,129

 
$
(2,282
)
 
$
847