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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill as of September 30, 2023 and December 31, 2022 (in millions):
U.S. Domestic
Package
International
Package
Supply Chain SolutionsConsolidated
December 31, 2022:$847 $492 $2,884 $4,223 
Acquired— — 
Impairments— — (125)(125)
Currency / Other— (5)(4)(9)
September 30, 2023:$847 $487 $2,763 $4,097 
Schedule of Intangible Assets (Excluding Goodwill) The following is a summary of intangible assets as of September 30, 2023 and December 31, 2022 (in millions):
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
September 30, 2023:
Capitalized software$5,637 $(3,790)$1,847 
Licenses71 (43)28 
Franchise rights261 (46)215 
Customer relationships852 (489)363 
Trade name124 (24)100 
Trademarks, patents and other188 (53)135 
Amortizable intangible assets$7,133 $(4,445)$2,688 
Indefinite-lived intangible assets204 — 204 
Total Intangible Assets, Net$7,337 $(4,445)$2,892 
December 31, 2022:
Capitalized software$5,186 $(3,500)$1,686 
Licenses55 (30)25 
Franchise rights226 (37)189 
Customer relationships872 (453)419 
Trade name125 (8)117 
Trademarks, patents and other183 (27)156 
Amortizable intangible assets$6,647 $(4,055)$2,592 
Indefinite-lived intangible assets204 — 204 
Total Intangible Assets, Net$6,851 $(4,055)$2,796