GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Allocation of Goodwill by Reportable Segment

The following table indicates the allocation of goodwill by segment (in millions):

	U.S. Domestic Package		International Package		Supply Chain & Freight		Consolidated
Balance on January 1, 2019	$	715	$	417	$	2,679	$	3,811
Acquired	—		2		3		5
Currency / Other	—		(3)		—		(3)
Balance on December 31, 2019	$	715	$	416	$	2,682	$	3,813
Acquired	—		—		—		—
Impairments	—		—		(494)		(494)
Currency / Other	—		6		42		48
Balance on December 31, 2020	$	715	$	422	$	2,230	$	3,367

Summary of Intangible Assets

The following is a summary of intangible assets as of December 31, 2020 and 2019 (in millions):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted-Average Amortization Period (in years)
December 31, 2020
Capitalized software	$	4,531	$	(2,962)	$	1,569	6.9
Licenses	100		(37)		63		3.8
Franchise rights	165		(113)		52		20.0
Customer relationships	729		(344)		385		10.6
Trade name	200		—		200		N/M
Trademarks, patents and other	18		(13)		5		12.0
Total Intangible Assets	$	5,743	$	(3,469)	$	2,274	7.7
December 31, 2019
Capitalized software	$	4,125	$	(2,704)	$	1,421
Licenses	117		(64)		53
Franchise rights	146		(109)		37
Customer relationships	730		(282)		448
Trade name	200		—		200
Trademarks, patents and other	29		(21)		8
Total Intangible Assets	$	5,347	$	(3,180)	$	2,167