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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2021
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 March 31, 2021 and December 31, 2020 (in millions):
| U.S. Domestic Package |  | International Package |  | Supply Chain & Freight |  | Consolidated
December 31, 2020: | $ | 715 |  |  | $ | 422 |  |  | $ | 2,230 |  |  | $ | 3,367 |
Acquired | — |  |  | — |  |  | — |  |  | — |
Currency / Other | — |  |  | (9) |  |  | (12) |  |  | (21) |
March 31, 2021: | $ | 715 |  |  | $ | 413 |  |  | $ | 2,218 |  |  | $ | 3,346 |
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 March 31, 2021 and December 31, 2020 (in millions):
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
March 31, 2021: |  |  |  |  |
Capitalized software | $ | 4,610 |  |  | $ | (3,027) |  |  | $ | 1,583 |
Licenses | 102 |  |  | (44) |  |  | 58 |
Franchise rights | 168 |  |  | (114) |  |  | 54 |
Customer relationships | 725 |  |  | (359) |  |  | 366 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 22 |  |  | (15) |  |  | 7 |
Total Intangible Assets, Net | $ | 5,827 |  |  | $ | (3,559) |  |  | $ | 2,268 |
December 31, 2020: |  |  |  |  |
Capitalized software | $ | 4,531 |  |  | $ | (2,962) |  |  | $ | 1,569 |
Licenses | 100 |  |  | (37) |  |  | 63 |
Franchise rights | 165 |  |  | (113) |  |  | 52 |
Customer relationships | 729 |  |  | (344) |  |  | 385 |
Trade name | 200 |  |  | — |  |  | 200 |
Trademarks, patents and other | 18 |  |  | (13) |  |  | 5 |
Total Intangible Assets, Net | $ | 5,743 |  |  | $ | (3,469) |  |  | $ | 2,274 |
As of March 31, 2021, 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 $6 million in impairment charges for finite-lived intangible assets during the three months ended March 31, 2021. There were no impairment charges during the same period of 2020.

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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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