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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 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 September 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 | — |  |  | (2) |  |  | 5 |  |  | 3 |
September 30, 2020: | $ | 715 |  |  | $ | 414 |  |  | $ | 2,687 |  |  | $ | 3,816 |
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. Goodwill Impairment We completed our annual goodwill impairment assessment for all reporting units and indefinite-lived intangible assets as of July 1, 2020 and determined that no impairments had occurred. We continue to monitor our reporting units and indefinite-lived intangible assets for indications of triggering events that would require an update to our annual impairment evaluation between the annual assessment date and December 31, 2020. There were no triggering events identified during the third quarter. The following is a summary of intangible assets as of September 30, 2020 and December 31, 2019 (in millions):
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
September 30, 2020: |  |  |  |  |
Capitalized software | $ | 4,460 |  |  | $ | (2,890) |  |  | $ | 1,570 |
Licenses | 156 |  |  | (84) |  |  | 72 |
Franchise rights | 158 |  |  | (112) |  |  | 46 |
Customer relationships | 720 |  |  | (325) |  |  | 395 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 23 |  |  | (17) |  |  | 6 |
Total Intangible Assets, Net | $ | 5,717 |  |  | $ | (3,428) |  |  | $ | 2,289 |
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 September 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 have recorded $4 million in impairment charges for finite-lived intangible assets during 2020. There was no impairment in 2019.

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- 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
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