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REVENUE RECOGNITION (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Disaggregation of Revenue
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenue: |  |  |  |  |  |  |
Next Day Air | $ | 2,309 |  |  | $ | 2,407 |  |  | $ | 4,625 |  |  | $ | 4,868 |
Deferred | 1,107 |  |  | 1,169 |  |  | 2,263 |  |  | 2,363 |
Ground | 10,703 |  |  | 10,820 |  |  | 21,465 |  |  | 22,152 |
U.S. Domestic Package | 14,119 |  |  | 14,396 |  |  | 28,353 |  |  | 29,383 |
Domestic | 770 |  |  | 763 |  |  | 1,528 |  |  | 1,557 |
Export | 3,437 |  |  | 3,468 |  |  | 6,787 |  |  | 7,020 |
Cargo & Other | 163 |  |  | 184 |  |  | 311 |  |  | 381 |
International Package | 4,370 |  |  | 4,415 |  |  | 8,626 |  |  | 8,958 |
Forwarding | 1,315 |  |  | 1,376 |  |  | 2,595 |  |  | 2,890 |
Logistics | 1,546 |  |  | 1,431 |  |  | 3,088 |  |  | 2,841 |
Other | 468 |  |  | 437 |  |  | 862 |  |  | 908 |
Supply Chain Solutions | 3,329 |  |  | 3,244 |  |  | 6,545 |  |  | 6,639 |
Consolidated revenue | $ | 21,818 |  |  | $ | 22,055 |  |  | $ | 43,524 |  |  | $ | 44,980 |
Schedule of Contract Assets and Liabilities | Contract assets and liabilities as of June 30, 2024 and December 31, 2023 were as follows (in millions):
|  | Balance Sheet Location |  | June 30, 2024 |  | December 31, 2023
Contract Assets: |  |  |  |  |  |
Revenue related to in-transit packages |  | Other current assets |  | $ | 246 |  |  | $ | 237 |
Contract Liabilities: |  |  |  |  |  |
Short-term advance payments from customers |  | Other current liabilities |  | $ | 16 |  |  | $ | 20 |
Long-term advance payments from customers |  | Other non-current liabilities |  | $ | 26 |  |  | $ | 25 |

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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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