GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table indicates the allocation of goodwill by reportable segment as of September 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	—		(2)		5		3
September 30, 2020:	$	715	$	414	$	2,687	$	3,816

Schedule of Intangible Assets (Excluding Goodwill)

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

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
September 30, 2020:
Capitalized software	$	4,460	$	(2,890)	$	1,570
Licenses	156		(84)		72
Franchise rights	158		(112)		46
Customer relationships	720		(325)		395
Trade name	200		—		200
Trademarks, patents and other	23		(17)		6
Total Intangible Assets, Net	$	5,717	$	(3,428)	$	2,289
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