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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table indicates the allocation of goodwill as of September 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— — 22 22 
Currency / Other— (487)(483)
September 30, 2024:$847 $507 $3,057 $4,411 
Schedule of Intangible Assets (Excluding Goodwill)
The following is a summary of intangible assets as of September 30, 2024 and December 31, 2023 (in millions):
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
September 30, 2024:
Capitalized software$6,096 $(4,173)$1,923 
Licenses48 (25)23 
Franchise rights348 (56)292 
Customer relationships702 (203)499 
Trade name109 (23)86 
Trademarks, patents and other370 (89)281 
Amortizable intangible assets$7,673 $(4,569)$3,104 
Indefinite-lived intangible assets— 
Total Intangible Assets, Net$7,677 $(4,569)$3,108 
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