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REVENUE RECOGNITION (Tables)

6 Months Ended

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

X

- 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

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X

- 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

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- References

No definition available.

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