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SEGMENT AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segments, Geographical Areas [Abstract] |
Segment Information | Segment information for the years ended December 31, 2024, 2023 and 2022 is as follows (in millions):
Year ended December 31, 2024 | U.S. Domestic |  | International |  | Total
Revenue | $ | 60,376 |  |  | $ | 17,960 |  |  | $ | 78,336 |
Reconciliation of revenue: |  |  |  |  |
Other revenues(2) |  |  |  |  | 12,734 |
Total consolidated |  |  |  |  | $ | 91,070 |
Less: |  |  |  |  |
Compensation and benefits |  |  | 3,783 |  |  |
Compensation | 20,839 |  |  |  |  |
Benefits | 16,862 |  |  |  |  |
Purchased transportation | 2,466 |  |  | 3,447 |  |  |
Other segment items(1) | 15,864 |  |  | 7,539 |  |  |
Segment Operating profit/(loss) | $ | 4,345 |  |  | $ | 3,191 |  |  | $ | 7,536 |
Reconciliation of segment operating profit to income before income taxes: |  |  |  |  |
Other profit/(loss)(2) |  |  |  |  | $ | 932 |
Other pension income (expense) |  |  |  |  | (396) |
Investment income (expense) and other |  |  |  |  | 236 |
Interest expense |  |  |  |  | (866) |
Income Before Income Taxes |  |  |  |  | $ | 7,442 |
Other Segment Disclosures: |  |  |  |  |
Segment assets | $ | 38,657 |  |  | $ | 18,300 |  |  | $ | 56,957 |
Other assets(2) |  |  |  |  | 9,850 |
Unallocated assets |  |  |  |  | 3,263 |
Consolidated Assets |  |  |  |  | $ | 70,070 |
Depreciation and amortization(3) | $ | 2,470 |  |  | $ | 777 |  |  | $ | 3,247 |
Other depreciation and amortization(2) |  |  |  |  | 362 |
Consolidated Depreciation and Amortization |  |  |  |  | $ | 3,609 |
(1) Other segment items for each reportable segment include repairs and maintenance, depreciation and amortization, fuel, other occupancy, allocated costs for our air network, information service, and general and administrative service expenses. (2) Revenue, Operating profit/(loss), Assets, and Depreciation and Amortization from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions. These operating segments include our Forwarding, Logistics, Digital, and Other businesses. (3) The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions. These totals are presented after applying activity based costing methods to allocate expenses between segments as noted above.
Year ended December 31, 2023 | U.S. Domestic |  | International |  | Total
Revenue | $ | 60,205 |  |  | $ | 17,831 |  |  | $ | 78,036 |
Reconciliation of revenue: |  |  |  |  |
Other revenues(2) |  |  |  |  | 12,922 |
Total consolidated |  |  |  |  | $ | 90,958 |
Less: |  |  |  |  |
Compensation and benefits |  |  | 3,794 |  |  |
Compensation | 19,818 |  |  |  |  |
Benefits | 16,859 |  |  |  |  |
Purchased transportation | 2,555 |  |  | 3,391 |  |  |
Other segment items(1) | 15,817 |  |  | 7,415 |  |  |
Segment Operating profit/(loss) | $ | 5,156 |  |  | $ | 3,231 |  |  | $ | 8,387 |
Reconciliation of segment operating profit to income before income taxes: |  |  |  |  |
Other profit/(loss)(2) |  |  |  |  | $ | 754 |
Other pension income (expense) |  |  |  |  | (95) |
Investment income (expense) and other |  |  |  |  | 314 |
Interest expense |  |  |  |  | (787) |
Income Before Income Taxes |  |  |  |  | $ | 8,573 |
Other Segment Disclosures: |  |  |  |  |
Segment assets | $ | 38,368 |  |  | $ | 17,587 |  |  | $ | 55,955 |
Other assets(2) |  |  |  |  | 11,245 |
Unallocated assets |  |  |  |  | 3,657 |
Consolidated Assets |  |  |  |  | $ | 70,857 |
Depreciation and amortization(3) | $ | 2,290 |  |  | $ | 742 |  |  | $ | 3,032 |
Other depreciation and amortization(2) |  |  |  |  | 334 |
Consolidated Depreciation and Amortization |  |  |  |  | $ | 3,366 |
(1) Other segment items for each reportable segment include repairs and maintenance, depreciation and amortization, fuel, other occupancy, allocated costs for our air network, information service, and general and administrative service expenses. (2) Revenue, Operating profit/(loss), Assets, and Depreciation and Amortization from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions. These operating segments include our Forwarding, Logistics, Digital, and Other businesses. (3) The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions. These totals are presented after applying activity based costing methods to allocate expenses between segments as noted above.
Year ended December 31, 2022 | U.S. Domestic |  | International |  | Total
Revenue | $ | 64,611 |  |  | $ | 19,698 |  |  | $ | 84,309 |
Reconciliation of revenue: |  |  |  |  |
Other revenues(2) |  |  |  |  | 16,029 |
Total consolidated |  |  |  |  | $ | 100,338 |
Less: |  |  |  |  |
Compensation and benefits |  |  | 3,890 |  |  |
Compensation | 20,488 |  |  |  |  |
Benefits | 16,603 |  |  |  |  |
Purchased transportation | 3,333 |  |  | 3,773 |  |  |
Other segment items(1) | 17,036 |  |  | 7,709 |  |  |
Segment Operating profit/(loss) | $ | 7,151 |  |  | $ | 4,326 |  |  | $ | 11,477 |
Reconciliation of segment operating profit to income before income taxes: |  |  |  |  |
Other profit/(loss)(2) |  |  |  |  | $ | 1,617 |
Other pension income (expense) |  |  |  |  | 2,251 |
Investment income (expense) and other |  |  |  |  | 184 |
Interest expense |  |  |  |  | (704) |
Income Before Income Taxes |  |  |  |  | $ | 14,825 |
Other Segment Disclosures: |  |  |  |  |
Segment assets | $ | 38,303 |  |  | $ | 17,670 |  |  | $ | 55,973 |
Other assets(2) |  |  |  |  | 10,407 |
Unallocated assets |  |  |  |  | 4,744 |
Consolidated Assets |  |  |  |  | $ | 71,124 |
Depreciation and amortization(3) | $ | 2,173 |  |  | $ | 761 |  |  | $ | 2,934 |
Other depreciation and amortization(2) |  |  |  |  | 254 |
Consolidated Depreciation and Amortization |  |  |  |  | $ | 3,188 |
(1) Other segment items for each reportable segment include repairs and maintenance, depreciation and amortization, fuel, other occupancy, allocated costs for our air network, information service, and general and administrative service expenses. (2) Revenue, Operating profit/(loss), Assets, and Depreciation and Amortization from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions. These operating segments include our Forwarding, Logistics, Digital, and Other businesses. (3) The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions. These totals are presented after applying activity based costing methods to allocate expenses between segments as noted above.
Schedule of Revenue and Long-Lived Assets by Geographical Areas | Geographic information for the years ended December 31, 2024, 2023 and 2022 is as follows (in millions):
| 2024 |  | 2023 |  | 2022
United States: |  |  |  |  |
Revenue | $ | 70,389 |  |  | $ | 71,749 |  |  | $ | 78,110 |
Long-lived assets | $ | 33,173 |  |  | $ | 33,301 |  |  | $ | 32,002 |
International: |  |  |  |  |
Revenue | $ | 20,681 |  |  | $ | 19,209 |  |  | $ | 22,228 |
Long-lived assets | $ | 13,304 |  |  | $ | 13,687 |  |  | $ | 12,991 |
Consolidated: |  |  |  |  |
Revenue | $ | 91,070 |  |  | $ | 90,958 |  |  | $ | 100,338 |
Long-lived assets | $ | 46,477 |  |  | $ | 46,988 |  |  | $ | 44,993 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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