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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table indicates the allocation of goodwill as of June 30, 2022 and December 31, 2021 (in millions):
U.S. Domestic
Package
International
Package
Supply Chain SolutionsConsolidated
December 31, 2021:$847 $403 $2,442 $3,692 
Acquired— — 61 61 
Currency / Other
— (21)(57)(78)
June 30, 2022:$847 $382 $2,446 $3,675 
Schedule of Intangible Assets (Excluding Goodwill) The following is a summary of intangible assets as of June 30, 2022 and December 31, 2021 (in millions):
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
June 30, 2022:
Capitalized software$5,048 $(3,406)$1,642 
Licenses48 (22)26 
Franchise rights138 (36)102 
Customer relationships720 (435)285 
Trade name67 (5)62 
Trademarks, patents and other169 (14)155 
Amortizable intangible assets$6,190 $(3,918)$2,272 
Indefinite-lived intangible assets204 — 204 
Total Intangible Assets, Net$6,394 $(3,918)$2,476 
December 31, 2021:
Capitalized software$4,910 $(3,275)$1,635 
Licenses58 (27)31 
Franchise rights119 (37)82 
Customer relationships733 (408)325 
Trade name67 (1)66 
Trademarks, patents and other158 (15)143 
Amortizable intangible assets$6,045 $(3,763)$2,282 
Indefinite-lived intangible assets204 — 204 
Total Intangible Assets, Net$6,249 $(3,763)$2,486