GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Allocation of Goodwill by Reportable Segment

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

	U.S. Domestic Package		International Package		Supply Chain  Solutions		Consolidated
Balance on January 1, 2020	$	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
Acquired	132		—		243		375
Currency / Other	—		(19)		(31)		(50)
Balance on December 31, 2021	$	847	$	403	$	2,442	$	3,692

Summary of Intangible Assets

The following is a summary of intangible assets as of December 31, 2021 and 2020 (in millions):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted-Average Amortization Period (in years)
December 31, 2021
Capitalized software	$	4,910	$	(3,275)	$	1,635	6.9
Licenses	58		(27)		31		3.7
Franchise rights	119		(37)		82		20.0
Customer relationships	733		(408)		325		10.6
Trade name	67		(1)		66		10.3
Trademarks, patents and other	158		(15)		143		8.4
Amortizable intangible assets	$	6,045	$	(3,763)	$	2,282	7.6
Indefinite lived intangible assets	204		—		204
Total Intangible Assets	$	6,249	$	(3,763)	$	2,486
December 31, 2020
Capitalized software	$	4,531	$	(2,962)	$	1,569
Licenses	95		(37)		58
Franchise rights	165		(113)		52
Customer relationships	729		(344)		385
Trademarks, patents and other	18		(13)		5
Amortizable intangible assets	$	5,538	$	(3,469)	$	2,069
Indefinite lived intangible assets	205		—		205
Total Intangible Assets	$	5,743	$	(3,469)	$	2,274