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v3.23.1

REVENUE RECOGNITION (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Disaggregation of Revenue
| Three Months Ended March 31,
| 2023 |  | 2022
Revenue: |  |  |
Next Day Air | $ | 2,461 |  |  | $ | 2,594 |
Deferred | 1,194 |  |  | 1,420 |
Ground | 11,332 |  |  | 11,110 |
U.S. Domestic Package | 14,987 |  |  | 15,124 |
Domestic | 794 |  |  | 851 |
Export | 3,552 |  |  | 3,778 |
Cargo & Other | 197 |  |  | 247 |
International Package | 4,543 |  |  | 4,876 |
Forwarding | 1,514 |  |  | 2,589 |
Logistics | 1,410 |  |  | 1,251 |
Other | 471 |  |  | 538 |
Supply Chain Solutions | 3,395 |  |  | 4,378 |
Consolidated revenue | $ | 22,925 |  |  | $ | 24,378 |
Schedule of Contract Assets and Liabilities | Contract assets and liabilities as of March 31, 2023 and December 31, 2022 were as follows (in millions):
|  | Balance Sheet Location |  | March 31, 2023 |  | December 31, 2022
Contract Assets: |  |  |  |  |  |
Revenue related to in-transit packages |  | Other current assets |  | $ | 267 |  |  | $ | 308 |
Contract Liabilities: |  |  |  |  |  |
Short-term advance payments from customers |  | Other current liabilities |  | $ | 10 |  |  | $ | 11 |
Long-term advance payments from customers |  | Other non-current liabilities |  | $ | 25 |  |  | $ | 26 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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