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REVENUE RECOGNITION (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Disaggregation of Revenue
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenue: |  |  |  |  |  |  |
Next Day Air | $ | 2,396 |  |  | $ | 2,372 |  |  | $ | 7,021 |  |  | $ | 7,240 |
Deferred | 1,109 |  |  | 1,128 |  |  | 3,372 |  |  | 3,491 |
Ground | 10,945 |  |  | 10,160 |  |  | 32,410 |  |  | 32,312 |
U.S. Domestic Package | 14,450 |  |  | 13,660 |  |  | 42,803 |  |  | 43,043 |
Domestic | 771 |  |  | 742 |  |  | 2,299 |  |  | 2,299 |
Export | 3,482 |  |  | 3,367 |  |  | 10,269 |  |  | 10,387 |
Cargo & Other | 158 |  |  | 158 |  |  | 469 |  |  | 539 |
International Package | 4,411 |  |  | 4,267 |  |  | 13,037 |  |  | 13,225 |
Forwarding | 1,307 |  |  | 1,327 |  |  | 3,902 |  |  | 4,217 |
Logistics | 1,550 |  |  | 1,430 |  |  | 4,638 |  |  | 4,271 |
Other | 527 |  |  | 377 |  |  | 1,389 |  |  | 1,285 |
Supply Chain Solutions | 3,384 |  |  | 3,134 |  |  | 9,929 |  |  | 9,773 |
Consolidated revenue | $ | 22,245 |  |  | $ | 21,061 |  |  | $ | 65,769 |  |  | $ | 66,041 |
Schedule of Contract Assets and Liabilities | Contract assets and liabilities as of September 30, 2024 and December 31, 2023 were as follows (in millions):
|  | Balance Sheet Location |  | September 30, 2024 |  | December 31, 2023
Contract Assets: |  |  |  |  |  |
Revenue related to in-transit packages |  | Other current assets |  | $ | 235 |  |  | $ | 237 |
Contract Liabilities: |  |  |  |  |  |
Short-term advance payments from customers |  | Other current liabilities |  | $ | 13 |  |  | $ | 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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