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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Allocation of Goodwill by Reportable Segment
The following table indicates the allocation of goodwill (in millions):
U.S. Domestic
Package
International
Package
Supply Chain 
Solutions
Consolidated
Balance as of January 1, 2021$715 $422 $2,230 $3,367 
Acquired132 — 243 375 
Currency / Other— (19)(31)(50)
Balance as of December 31, 2021$847 $403 $2,442 $3,692 
Acquired— 105 491 596 
Currency / Other— (16)(49)(65)
Balance as of December 31, 2022$847 $492 $2,884 $4,223 
Summary of Intangible Assets
The following is a summary of intangible assets as of December 31, 2022 and 2021 (in millions):
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Weighted-Average
Amortization
Period
(in years)
December 31, 2022
Capitalized software$5,186 $(3,500)$1,686 6.9
Licenses55 (30)25 3.3
Franchise rights226 (37)189 20.0
Customer relationships872 (453)419 10.2
Trade name125 (8)117 7.2
Trademarks, patents and other183 (27)156 8.0
Amortizable intangible assets$6,647 $(4,055)$2,592 7.8
Indefinite-lived intangible assets204 — 204 
Total Intangible Assets$6,851 $(4,055)$2,796 
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$6,249 $(3,763)$2,486