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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill as of June 30, 2024 and December 31, 2023 (in millions):
U.S. Domestic
Package
International
Package
Supply Chain SolutionsConsolidated
December 31, 2023:$847 $503 $3,522 $4,872 
Acquired— — 21 21 
Currency / Other— (11)(532)(543)
June 30, 2024:$847 $492 $3,011 $4,350 
Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of June 30, 2024 and December 31, 2023 (in millions):
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
June 30, 2024:
Capitalized software$5,954 $(4,061)$1,893 
Licenses45 (19)26 
Franchise rights348 (51)297 
Customer relationships684 (186)498 
Trade name112 (23)89 
Trademarks, patents and other376 (77)299 
Amortizable intangible assets$7,519 $(4,417)$3,102 
Indefinite-lived intangible assets— 
Total Intangible Assets, Net$7,523 $(4,417)$3,106 
December 31, 2023:
Capitalized software$5,839 $(3,900)$1,939 
Licenses30 (7)23 
Franchise rights291 (49)242 
Customer relationships1,115 (516)599 
Trade name172 (30)142 
Trademarks, patents and other320 (53)267 
Amortizable intangible assets$7,767 $(4,555)$3,212 
Indefinite-lived intangible assets93 — 93 
Total Intangible Assets, Net$7,860 $(4,555)$3,305