XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2020
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, 2020 and December 31, 2019 (in millions):
| U.S. Domestic Package |  | International Package |  | Supply Chain & Freight |  | Consolidated
December 31, 2019: | $ | 715 |  |  | $ | 416 |  |  | $ | 2,682 |  |  | $ | 3,813 |
Acquired | — |  |  | — |  |  | — |  |  | — |
Currency / Other | — |  |  | (6) |  |  | (20) |  |  | (26) |
June 30, 2020: | $ | 715 |  |  | $ | 410 |  |  | $ | 2,662 |  |  | $ | 3,787 |
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, 2020 and December 31, 2019 (in millions):
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
June 30, 2020: |  |  |  |  |
Capitalized software | $ | 4,329 |  |  | $ | (2,810) |  |  | $ | 1,519 |
Licenses | 116 |  |  | (78) |  |  | 38 |
Franchise rights | 146 |  |  | (111) |  |  | 35 |
Customer relationships | 713 |  |  | (305) |  |  | 408 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 23 |  |  | (16) |  |  | 7 |
Total Intangible Assets, Net | $ | 5,527 |  |  | $ | (3,320) |  |  | $ | 2,207 |
December 31, 2019: |  |  |  |  |
Capitalized software | $ | 4,125 |  |  | $ | (2,704) |  |  | $ | 1,421 |
Licenses | 117 |  |  | (64) |  |  | 53 |
Franchise rights | 146 |  |  | (109) |  |  | 37 |
Customer relationships | 730 |  |  | (282) |  |  | 448 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 29 |  |  | (21) |  |  | 8 |
Total Intangible Assets, Net | $ | 5,347 |  |  | $ | (3,180) |  |  | $ | 2,167 |
As of June 30, 2020, 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. Impairment tests for finite-lived intangible assets are performed when a triggering event occurs that may indicate that the carrying value of the intangible asset may not be recoverable. We recorded a $4 million impairment charge for finite-lived intangible assets in the second quarter. There was no impairment in 2019.

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