XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.19.2

GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2019
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, 2019 and December 31, 2018 (in millions):
| U.S. Domestic Package |  | International Package |  | Supply Chain & Freight |  | Consolidated
December 31, 2018: | $ | 715 |  |  | $ | 417 |  |  | $ | 2,679 |  |  | $ | 3,811 |
Acquired | — |  |  | 2 |  |  | — |  |  | 2 |
Currency / Other | — |  |  | (1 | ) |  | (1 | ) |  | (2 | )
June 30, 2019: | $ | 715 |  |  | $ | 418 |  |  | $ | 2,678 |  |  | $ | 3,811 |
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, 2019 and December 31, 2018 (in millions):
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
June 30, 2019: |  |  |  |  |
Capitalized software | $ | 3,898 |  |  | $ | (2,579 | ) |  | $ | 1,319 |
Licenses | 117 |  |  | (50 | ) |  | 67 |
Franchise rights | 146 |  |  | (108 | ) |  | 38 |
Customer relationships | 735 |  |  | (253 | ) |  | 482 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 55 |  |  | (40 | ) |  | 15 |
Total Intangible Assets, Net | $ | 5,151 |  |  | $ | (3,030 | ) |  | $ | 2,121 |
December 31, 2018: |  |  |  |  |
Capitalized software | $ | 3,693 |  |  | $ | (2,478 | ) |  | $ | 1,215 |
Licenses | 117 |  |  | (36 | ) |  | 81 |
Franchise rights | 145 |  |  | (105 | ) |  | 40 |
Customer relationships | 736 |  |  | (217 | ) |  | 519 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 52 |  |  | (31 | ) |  | 20 |
Total Intangible Assets, Net | $ | 4,943 |  |  | $ | (2,867 | ) |  | $ | 2,075 |
As of June 30, 2019, we had a trade name with a carrying value of $200 million and licenses with a carrying value of $4 million, which are deemed to be indefinite-lived intangible assets and are included in the table above.

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 goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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