XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.10.0.1

GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The following table indicates the allocation of goodwill by reportable segment as of June 30, 2018 and December 31, 2017 (in millions):
| U.S. Domestic Package |  | International Package |  | Supply Chain & Freight |  | Consolidated
December 31, 2017: | $ | 715 |  |  | $ | 435 |  |  | $ | 2,722 |  |  | $ | 3,872 |
Acquired | — |  |  | — |  |  | — |  |  | — |
Currency / Other | — |  |  | (11 | ) |  | (24 | ) |  | (35 | )
June 30, 2018: | $ | 715 |  |  | $ | 424 |  |  | $ | 2,698 |  |  | $ | 3,837 |
The change in goodwill for both the International Package and Supply Chain & Freight segments was primarily due to the impact of changes in the value of the U.S. Dollar on the translation of non-U.S. Dollar goodwill balances. The following is a summary of intangible assets as of June 30, 2018 and December 31, 2017 (in millions):
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
June 30, 2018: |  |  |  |  |
Capitalized software | $ | 3,507 |  |  | $ | (2,404 | ) |  | $ | 1,103 |
Licenses | 115 |  |  | (23 | ) |  | 92 |
Franchise rights | 145 |  |  | (101 | ) |  | 44 |
Customer relationships | 741 |  |  | (182 | ) |  | 559 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 55 |  |  | (25 | ) |  | 30 |
Total Intangible Assets, Net | $ | 4,763 |  |  | $ | (2,735 | ) |  | $ | 2,028 |
December 31, 2017: |  |  |  |  |
Capitalized software | $ | 3,273 |  |  | $ | (2,310 | ) |  | $ | 963 |
Licenses | 114 |  |  | (10 | ) |  | 104 |
Franchise rights | 144 |  |  | (97 | ) |  | 47 |
Customer relationships | 776 |  |  | (160 | ) |  | 616 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 71 |  |  | (37 | ) |  | 34 |
Total Intangible Assets, Net | $ | 4,578 |  |  | $ | (2,614 | ) |  | $ | 1,964 |
As of June 30, 2018, we had a trade name with a carrying value of $200 million and licenses with a carrying value of $5 million, which are deemed to be indefinite-lived intangible assets and are included in the table above. Impairment tests for the finite-lived intangible assets are only performed when a triggering event occurs that may indicate that the carrying value of the intangible may not be recoverable. There was a $12 million impairment of a finite-lived asset in the second quarter of 2018.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration