GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table indicates the allocation of goodwill as of March 31, 2024 and December 31, 2023 (in millions):

	U.S. Domestic Package		International Package		Supply Chain Solutions		Consolidated
December 31, 2023:	$	847	$	503	$	3,522	$	4,872
Acquired	—		—		8		8
Currency / Other	—		(7)		(27)		(34)
March 31, 2024:	$	847	$	496	$	3,503	$	4,846

Schedule of Intangible Assets (Excluding Goodwill)

The following is a summary of intangible assets as of March 31, 2024 and December 31, 2023 (in millions):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
March 31, 2024:
Capitalized software	$	5,923	$	(4,007)	$	1,916
Licenses	45		(13)		32
Franchise rights	332		(48)		284
Customer relationships	1,114		(537)		577
Trade name	112		(19)		93
Trademarks, patents and other	377		(64)		313
Amortizable intangible assets	$	7,903	$	(4,688)	$	3,215
Indefinite-lived intangible assets	93		—		93
Total Intangible Assets, Net	$	7,996	$	(4,688)	$	3,308
December 31, 2023:
Capitalized software	$	5,839	$	(3,900)	$	1,939
Licenses	30		(7)		23
Franchise rights	291		(49)		242
Customer relationships	1,115		(516)		599
Trade name	172		(30)		142
Trademarks, patents and other	320		(53)		267
Amortizable intangible assets	$	7,767	$	(4,555)	$	3,212
Indefinite-lived intangible assets	93		—		93
Total Intangible Assets, Net	$	7,860	$	(4,555)	$	3,305