
	U.S. Domestic Package		International Package		Supply Chain Solutions		Consolidated
December 31, 2024:	$	847	$	487	$	2,966	$	4,300
Acquired	—		—		339		339

Currency / Other	—		29		138		167
June 30, 2025:	$	847	$	516	$	3,443	$	4,806

•We recorded an increase in goodwill of $339 million as a part of the purchase accounting allocation for our January 2025 acquisition of Frigo-Trans and Biotech & Pharma Logistics ("Frigo-Trans").

For each of our reporting units, we continue to monitor the impact of macroeconomic conditions and business performance on our estimates of fair value. We completed our annual goodwill impairment evaluation as of July 1, 2024 on a reporting unit basis. As of June 30, 2025, none of our reporting units had indications that an impairment was more likely than not. Approximately $1.2 billion of our consolidated goodwill balance of $4.8 billion is represented by our Global Freight Forwarding, Roadie and Global Logistics and Distribution reporting units which, based on our most recent annual impairment evaluation, are exhibiting a limited excess of fair value above carrying value and reflect a greater risk of an impairment occurring in future periods.

During the first quarter of 2025, our Mail Innovations reporting unit experienced cost increases higher than our expectations due to increases in purchased transportation rates, resulting from the expiration of a contract with our primary vendor. These cost increases began to dissipate in the second quarter as we started utilizing alternative vendors. In the second quarter of 2025, we also took action to address the revenue quality in this business, and experienced improvements therein. Depending on the outcome of these actions, our expectations for the future performance of this reporting unit could be materially affected. Approximately $295 million in goodwill is represented by our Mail Innovations reporting unit included in Supply Chain Solutions.

Actual reporting unit performance, revisions to our forecasts of future performance, market factors, changes in global trade policy, changes in estimates or assumptions in future impairment testing, or a combination thereof could result in an impairment charge in one or more of our reporting units during a future period.



	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
June 30, 2025:
Capitalized software	$	6,405	$	(4,381)	$	2,024
Licenses	89		(28)		61
Franchise rights	387		(64)		323
Customer relationships	877		(254)		623
Trade name	110		(31)		79
Trademarks, patents and other	372		(131)		241
Amortizable intangible assets	$	8,240	$	(4,889)	$	3,351
Indefinite-lived intangible assets	5		—		5
Total Intangible Assets	$	8,245	$	(4,889)	$	3,356
December 31, 2024:
Capitalized software	$	6,088	$	(4,159)	$	1,929
Licenses	30		(12)		18
Franchise rights	348		(55)		293
Customer relationships	677		(206)		471
Trade name	109		(26)		83
Trademarks, patents and other	369		(103)		266
Amortizable intangible assets	$	7,621	$	(4,561)	$	3,060
Indefinite-lived intangible assets	4		—		4
Total Intangible Assets	$	7,625	$	(4,561)	$	3,064

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. For the three months ended June 30, 2025, there were no material impairment charges for finite-lived intangible assets. For the six months ended June 30, 2025, we recorded impairment charges of $33 million ($25 million after tax) within Other Expenses in our statement of consolidated income. These charges primarily consisted of software impairment charges related to a business within UPS Digital.

For the six months ended June 30, 2024, we recorded impairment charges of $48 million ($35 million after tax) within Other Expenses in our statement of consolidated income. These charges represented trade name and capitalized software license impairments.