XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.20.2

SHAREOWNERS' EQUITY (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Stockholders' Equity Note [Abstract] |
Schedule of Stockholders Equity |
Three Months Ended September 30: | 2020 |  | 2019
| Shares |  | Dollars |  | Shares |  | Dollars
Class A Common Stock |  |  |  |  |  |  |
Balance at beginning of period | 157 |  |  | $ | 2 |  |  | 161 |  |  | $ | 2 |
Common stock purchases | — |  |  | — |  |  | (1) |  |  | — |
Stock award plans | — |  |  | — |  |  | — |  |  | — |
Common stock issuances | 1 |  |  | — |  |  | 1 |  |  | — |
Conversions of class A to class B common stock | (8) |  |  | — |  |  | (4) |  |  | — |
Class A shares issued at end of period | 150 |  |  | $ | 2 |  |  | 157 |  |  | $ | 2 |
Class B Common Stock |  |  |  |  |  |  |
Balance at beginning of period | 706 |  |  | $ | 7 |  |  | 698 |  |  | $ | 7 |
Common stock purchases | — |  |  | — |  |  | (1) |  |  | — |
Conversions of class A to class B common stock | 8 |  |  | — |  |  | 4 |  |  | — |
Class B shares issued at end of period | 714 |  |  | $ | 7 |  |  | 701 |  |  | $ | 7 |
Additional Paid-In Capital |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 255 |  |  |  |  | $ | 102 |
Common stock purchases |  |  | — |  |  |  |  | (251) |
Stock award plans |  |  | 145 |  |  |  |  | 202 |
Common stock issuances |  |  | 90 |  |  |  |  | 56 |
Option premiums paid |  |  | — |  |  |  |  | 20 |
Balance at end of period |  |  | $ | 490 |  |  |  |  | $ | 129 |
Retained Earnings |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 10,032 |  |  |  |  | $ | 9,109 |
Net income attributable to common shareowners |  |  | 1,957 |  |  |  |  | 1,750 |
Dividends ($1.01 and $0.96 per share) (1) |  |  | (873) |  |  |  |  | (825) |
Other |  |  | (1) |  |  |  |  | 3 |
Balance at end of period |  |  | $ | 11,115 |  |  |  |  | $ | 10,037 |
Non-Controlling Minority Interest |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 13 |  |  |  |  | $ | 18 |
Change in non-controlling minority interest |  |  | 1 |  |  |  |  | (2) |
Balance at end of period |  |  | $ | 14 |  |  |  |  | $ | 16 |
(1) The dividend per share amount is the same for both class A and class B common stock. Dividends include $28 and $27 million as of September 30, 2020 and September 30, 2019 respectively, that were settled in shares of class A common stock.
Nine Months Ended September 30: | 2020 |  | 2019
| Shares |  | Dollars |  | Shares |  | Dollars
Class A Common Stock |  |  |  |  |  |  |
Balance at beginning of period | 156 |  |  | $ | 2 |  |  | 163 |  |  | $ | 2 |
Common stock purchases | — |  |  | — |  |  | (3) |  |  | — |
Stock award plans | 6 |  |  | — |  |  | 4 |  |  | — |
Common stock issuances | 3 |  |  | — |  |  | 2 |  |  | — |
Conversions of class A to class B common stock | (15) |  |  | — |  |  | (9) |  |  | — |
Class A shares issued at end of period | 150 |  |  | $ | 2 |  |  | 157 |  |  | $ | 2 |
Class B Common Stock |  |  |  |  |  |  |
Balance at beginning of period | 701 |  |  | $ | 7 |  |  | 696 |  |  | $ | 7 |
Common stock purchases | (2) |  |  | — |  |  | (4) |  |  | — |
Conversions of class A to class B common stock | 15 |  |  | — |  |  | 9 |  |  | — |
Class B shares issued at end of period | 714 |  |  | $ | 7 |  |  | 701 |  |  | $ | 7 |
Additional Paid-In Capital |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 150 |  |  |  |  | $ | — |
Common stock purchases |  |  | (217) |  |  |  |  | (753) |
Stock award plans |  |  | 215 |  |  |  |  | 584 |
Common stock issuances |  |  | 342 |  |  |  |  | 277 |
Option premiums received (paid) |  |  | — |  |  |  |  | 21 |
Balance at end of period |  |  | $ | 490 |  |  |  |  | $ | 129 |
Retained Earnings |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 9,105 |  |  |  |  | $ | 8,006 |
Net income attributable to common shareowners |  |  | 4,690 |  |  |  |  | 4,546 |
Dividends ($3.03 and $2.88 per share) (1) |  |  | (2,679) |  |  |  |  | (2,518) |
Other |  |  | (1) |  |  |  |  | 3 |
Balance at end of period |  |  | $ | 11,115 |  |  |  |  | $ | 10,037 |
Non-Controlling Minority Interest |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 16 |  |  |  |  | $ | 16 |
Change in non-controlling minority interest |  |  | (2) |  |  |  |  | — |
Balance at end of period |  |  | $ | 14 |  |  |  |  | $ | 16 |
(1) The dividend per share amount is the same for both class A and class B common stock. Dividends include $151 and $121 million as of September 30, 2020 and September 30, 2019 respectively, that were settled in shares of class A common stock.
Schedule of Accumulated Other Comprehensive Income (Loss) | The activity in AOCI for the three and nine months ended September 30, 2020 and 2019 was as follows (in millions):
Three Months Ended September 30: | 2020 |  | 2019
Foreign currency translation gain (loss), net of tax: |  |  |
Balance at beginning of period | $ | (1,209) |  |  | $ | (1,106) |
Translation adjustment (net of tax effect of $(14) and $41) | 65 |  |  | (48) |
Balance at end of period | (1,144) |  |  | (1,154) |
Unrealized gain (loss) on marketable securities, net of tax: |  |  |
Balance at beginning of period | 9 |  |  | 7 |
Current period changes in fair value (net of tax effect of $0 and $1) | (1) |  |  | 2 |
Reclassification to earnings (net of tax effect of $0 and $(1)) | (1) |  |  | (5) |
Balance at end of period | 7 |  |  | 4 |
Unrealized gain (loss) on cash flow hedges, net of tax: |  |  |
Balance at beginning of period | 215 |  |  | 104 |
Current period changes in fair value (net of tax effect of $(53) and $79) | (168) |  |  | 251 |
Reclassification to earnings (net of tax effect of $(8) and $(14)) | (27) |  |  | (45) |
Balance at end of period | 20 |  |  | 310 |
Unrecognized pension and postretirement benefit costs, net of tax: |  |  |
Balance at beginning of period | (4,948) |  |  | (3,820) |
Reclassification to earnings (net of tax effect of $13 and $14) | 43 |  |  | 43 |
Balance at end of period | (4,905) |  |  | (3,777) |
Accumulated other comprehensive income (loss) at end of period | $ | (6,022) |  |  | $ | (4,617) |
Nine Months Ended September 30: | 2020 |  | 2019
Foreign currency translation gain (loss), net of tax: |  |  |
Balance at beginning of period | $ | (1,078) |  |  | $ | (1,126) |
Translation adjustment (net of tax effect of $(15) and $43) | (66) |  |  | (28) |
Balance at end of period | (1,144) |  |  | (1,154) |
Unrealized gain (loss) on marketable securities, net of tax: |  |  |
Balance at beginning of period | 4 |  |  | (2) |
Current period changes in fair value (net of tax effect of $1 and $4) | 6 |  |  | 11 |
Reclassification to earnings (net of tax effect of $(1) in both periods) | (3) |  |  | (5) |
Balance at end of period | 7 |  |  | 4 |
Unrealized gain (loss) on cash flow hedges, net of tax: |  |  |
Balance at beginning of period | 112 |  |  | 40 |
Current period changes in fair value (net of tax effect of $10 and $112) | 33 |  |  | 355 |
Reclassification to earnings (net of tax effect of $(39) and $(27)) | (125) |  |  | (85) |
Balance at end of period | 20 |  |  | 310 |
Unrecognized pension and postretirement benefit costs, net of tax: |  |  |
Balance at beginning of period | (5,035) |  |  | (3,906) |
Reclassification to earnings (net of tax effect of $40 and $41) | 130 |  |  | 129 |
Balance at end of period | (4,905) |  |  | (3,777) |
Accumulated other comprehensive income (loss) at end of period | $ | (6,022) |  |  | $ | (4,617) |
Gains (Losses) Reclassified from AOCI | Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the three and nine months ended September 30, 2020 and 2019 was as follows (in millions):
| Amount Reclassified from AOCI |  | Affected Line Item in the Income Statement
Three Months Ended September 30: | 2020 |  | 2019 |
Unrealized gain (loss) on marketable securities: |  |  |  |  |
Realized gain (loss) on sale of securities | $ | 1 |  |  | $ | 6 |  |  | Investment income and other
Income tax (expense) benefit | — |  |  | (1) |  |  | Income tax expense
Impact on net income | 1 |  |  | 5 |  |  | Net income
Unrealized gain (loss) on cash flow hedges: |  |  |  |  |
Interest rate contracts | (3) |  |  | (3) |  |  | Interest expense
Foreign exchange contracts | 38 |  |  | 62 |  |  | Revenue
Income tax (expense) benefit | (8) |  |  | (14) |  |  | Income tax expense
Impact on net income | 27 |  |  | 45 |  |  | Net income
Unrecognized pension and postretirement benefit costs: |  |  |  |  |
Prior service costs | (56) |  |  | (57) |  |  | Investment income and other
Income tax (expense) benefit | 13 |  |  | 14 |  |  | Income tax expense
Impact on net income | (43) |  |  | (43) |  |  | Net income
Total amount reclassified for the period | $ | (15) |  |  | $ | 7 |  |  | Net income
| Amount Reclassified from AOCI |  | Affected Line Item in the Income Statement
Nine Months Ended September 30: | 2020 |  | 2019 |
Unrealized gain (loss) on marketable securities: |  |  |  |  |
Realized gain (loss) on sale of securities | $ | 4 |  |  | $ | 6 |  |  | Investment income and other
Income tax (expense) benefit | (1) |  |  | (1) |  |  | Income tax expense
Impact on net income | 3 |  |  | 5 |  |  | Net income
Unrealized gain (loss) on cash flow hedges: |  |  |  |  |
Interest rate contracts | (9) |  |  | (12) |  |  | Interest expense
Foreign exchange contracts | 173 |  |  | 124 |  |  | Revenue
Income tax (expense) benefit | (39) |  |  | (27) |  |  | Income tax expense
Impact on net income | 125 |  |  | 85 |  |  | Net income
Unrecognized pension and postretirement benefit costs: |  |  |  |  |
Prior service costs | (170) |  |  | (170) |  |  | Investment income and other
Income tax (expense) benefit | 40 |  |  | 41 |  |  | Income tax expense
Impact on net income | (130) |  |  | (129) |  |  | Net income
Total amount reclassified for the period | $ | (2) |  |  | $ | (39) |  |  | Net income
Activity in Deferred Compensation Program | Activity in the deferred compensation program for the three and nine months ended September 30, 2020 and 2019 was as follows (in millions):
| 2020 |  | 2019
Three Months Ended September 30: | Shares |  | Dollars |  | Shares |  | Dollars
Deferred Compensation Obligations: |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 20 |  |  |  |  | $ | 25 |
Reinvested dividends |  |  | — |  |  |  |  | — |
Benefit payments |  |  | — |  |  |  |  | — |
Balance at end of period |  |  | $ | 20 |  |  |  |  | $ | 25 |
Treasury Stock: |  |  |  |  |  |  |
Balance at beginning of period | — |  |  | $ | (20) |  |  | — |  |  | $ | (25) |
Reinvested dividends | — |  |  | — |  |  | — |  |  | — |
Benefit payments | — |  |  | — |  |  | — |  |  | — |
Balance at end of period | — |  |  | $ | (20) |  |  | — |  |  | $ | (25) |
| 2020 |  | 2019
Nine Months Ended September 30: | Shares |  | Dollars |  | Shares |  | Dollars
Deferred Compensation Obligations: |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 26 |  |  |  |  | $ | 32 |
Reinvested dividends |  |  | 1 |  |  |  |  | 1 |
Benefit payments |  |  | (7) |  |  |  |  | (8) |
Balance at end of period |  |  | $ | 20 |  |  |  |  | $ | 25 |
Treasury Stock: |  |  |  |  |  |  |
Balance at beginning of period | — |  |  | $ | (26) |  |  | (1) |  |  | $ | (32) |
Reinvested dividends | — |  |  | (1) |  |  | — |  |  | (1) |
Benefit payments | — |  |  | 7 |  |  | 1 |  |  | 8 |
Balance at end of period | — |  |  | $ | (20) |  |  | — |  |  | $ | (25) |

X
- Definition Schedule of Deferred Compensation and Treasury Stock Activity [Table Text Block] + References No definition available. + Details
Name: | ups_ScheduleOfDeferredCompensationAndTreasuryStockActivityTableTextBlock
Namespace Prefix: | ups_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Earnings [Table] + References No definition available. + Details
Name: | ups_ScheduleOfReclassificationsFromAccumulatedOtherComprehensiveIncomeLossToEarningsTableTextBlock
Namespace Prefix: | ups_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration