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QUARTERLY INFORMATION (unaudited) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY INFORMATION (unaudited) | QUARTERLY INFORMATION (UNAUDITED) Our revenue, segment operating profit (loss), net income (loss), basic and diluted earnings per share on a quarterly basis are presented below (in millions, except per share amounts):
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Domestic Package | $ | 9,535 |  |  | $ | 9,084 |  |  | $ | 9,745 |  |  | $ | 9,015 |  |  | $ | 9,649 |  |  | $ | 9,289 |  |  | $ | 11,835 |  |  | $ | 10,913 |
International Package | 3,058 |  |  | 2,914 |  |  | 3,163 |  |  | 3,077 |  |  | 3,364 |  |  | 3,024 |  |  | 3,753 |  |  | 3,335 |
Supply Chain & Freight | 2,722 |  |  | 2,420 |  |  | 2,842 |  |  | 2,537 |  |  | 2,965 |  |  | 2,615 |  |  | 3,241 |  |  | 2,683 |
Total revenue | 15,315 |  |  | 14,418 |  |  | 15,750 |  |  | 14,629 |  |  | 15,978 |  |  | 14,928 |  |  | 18,829 |  |  | 16,931 |
Operating Profit (Loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Domestic Package | 1,076 |  |  | 1,102 |  |  | 1,395 |  |  | 1,233 |  |  | 1,182 |  |  | 1,252 |  |  | 627 |  |  | (570 | )
International Package | 529 |  |  | 574 |  |  | 583 |  |  | 613 |  |  | 627 |  |  | 576 |  |  | 725 |  |  | 281 |
Supply Chain & Freight | 179 |  |  | 147 |  |  | 238 |  |  | 192 |  |  | 226 |  |  | 206 |  |  | 142 |  |  | (139 | )
Total operating profit (loss) | 1,784 |  |  | 1,823 |  |  | 2,216 |  |  | 2,038 |  |  | 2,035 |  |  | 2,034 |  |  | 1,494 |  |  | (428 | )
Net Income (Loss) | $ | 1,158 |  |  | $ | 1,131 |  |  | $ | 1,384 |  |  | $ | 1,269 |  |  | $ | 1,264 |  |  | $ | 1,270 |  |  | $ | 1,104 |  |  | $ | (239 | )
Net Income (Loss) Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 1.32 |  |  | $ | 1.27 |  |  | $ | 1.59 |  |  | $ | 1.43 |  |  | $ | 1.45 |  |  | $ | 1.44 |  |  | $ | 1.27 |  |  | $ | (0.27 | )
Diluted | $ | 1.32 |  |  | $ | 1.27 |  |  | $ | 1.58 |  |  | $ | 1.43 |  |  | $ | 1.45 |  |  | $ | 1.44 |  |  | $ | 1.27 |  |  | $ | (0.27 | )
Operating profit for the quarter ended December 31, 2017 was impacted by a mark-to-market loss of $800 million on our pension and postretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor (allocated as follows—U.S. Domestic Package $637 million, International Package $35 million, and Supply Chain & Freight $128 million). Net income for the quarter ended December 31, 2017 includes an income tax benefit of $258 million attributable to the 2017 Tax Act. These items reduced fourth quarter net income by $349 million and basic and diluted earnings per share by $0.41 and $0.40, respectively. Operating profit for the quarter ended December 31, 2016 was impacted by a mark-to-market loss of $2.651 billion on our pension and postretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor (allocated as follows—U.S. Domestic Package $1.908 billion, International Package $425 million and Supply Chain & Freight $318 million). This loss reduced fourth quarter net income by $1.673 billion, and basic and diluted earnings per share by $1.91.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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