GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The following table indicates the allocation of goodwill by reportable segment as of June 30, 2020 and December 31, 2019 (in millions):


	U.S. Domestic Package		International Package		Supply Chain & Freight		Consolidated
December 31, 2019:	$	715	$	416	$	2,682	$	3,813
Acquired	—		—		—		—
Currency / Other	—		(6)		(20)		(26)
June 30, 2020:	$	715	$	410	$	2,662	$	3,787

The change in goodwill for both the International Package and Supply Chain & Freight segments was primarily due to the impact of changes in the value of the U.S. Dollar on the translation of non-U.S. Dollar goodwill balances.

The following is a summary of intangible assets as of June 30, 2020 and December 31, 2019 (in millions):


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
June 30, 2020:
Capitalized software	$	4,329	$	(2,810)	$	1,519
Licenses	116		(78)		38
Franchise rights	146		(111)		35
Customer relationships	713		(305)		408
Trade name	200		—		200
Trademarks, patents and other	23		(16)		7
Total Intangible Assets, Net	$	5,527	$	(3,320)	$	2,207
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, Net	$	5,347	$	(3,180)	$	2,167

As of June 30, 2020, we had a trade name with a carrying value of $200 million and licenses with a carrying value of $4 million, which are deemed to be indefinite-lived intangible assets and are included in the table above.

Impairment tests for finite-lived intangible assets are performed when a triggering event occurs that may indicate that the carrying value of the intangible asset may not be recoverable. We recorded a $4 million impairment charge for finite-lived intangible assets in the second quarter. There was no impairment in 2019.