Document

Exhibit 99.2

United Parcel Service, Inc.

Selected Financial Data - Second Quarter

(unaudited)


	Three Months Ended
	June 30
	2021			2020			Change		% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package	$	14,402		$	13,074		$	1,328	10.2	%
International Package	4,817			3,705			1,112		30.0	%
Supply Chain Solutions(2)	4,205			3,680			525		14.3	%
Total revenue	23,424			20,459			2,965		14.5	%

Operating expenses:
U.S. Domestic Package	12,835			11,892			943		7.9	%
International Package	3,633			2,934			699		23.8	%
Supply Chain Solutions(2)	3,698			3,421			277		8.1	%
Total operating expenses	20,166			18,247			1,919		10.5	%

Operating profit:
U.S. Domestic Package	1,567			1,182			385		32.6	%
International Package	1,184			771			413		53.6	%
Supply Chain Solutions(2)	507			259			248		95.8	%
Total operating profit	3,258			2,212			1,046		47.3	%

Other income (expense):
Other pension income (expense)	302			327			(25)		(7.6)	%
Investment income and other	43			1			42		N/M
Interest expense	(167)			(183)			16		(8.7)	%
Total other income (expense)	178			145			33		22.8	%

Income before income taxes	3,436			2,357			1,079		45.8	%

Income tax expense (benefit)	760			589			171		29.0	%

Net income	$	2,676		$	1,768		$	908	51.4	%

Net income as a percentage of revenue	11.4		%	8.6		%

Per share amounts:
Basic earnings per share	$	3.06		$	2.04		$	1.02	50.0	%
Diluted earnings per share	$	3.05		$	2.03		$	1.02	50.2	%

Weighted-average shares outstanding:
Basic	875			866			9		1.0	%
Diluted	878			869			9		1.0	%

As Adjusted Income Data (1):
Operating profit:
U.S. Domestic Package	$	1,675		$	1,215		$	460	37.9	%
International Package	1,190			842			348		41.3	%
Supply Chain Solutions(2)	408			267			141		52.8	%
Total operating profit	3,273			2,324			949		40.8	%

Total other income (expense)	$	178		$	145		$	33	22.8	%
Income before income taxes	$	3,451		$	2,469		$	982	39.8	%
Net income	$	2,687		$	1,851		$	836	45.2	%

Basic earnings per share	$	3.07		$	2.14		$	0.93	43.5	%
Diluted earnings per share	$	3.06		$	2.13		$	0.93	43.7	%

(1) See Non-GAAP schedules for reconciliation of adjustments.

(2) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Selected Operating Data - Second Quarter

(unaudited)


	Three Months Ended
	June 30
	2021		2020		Change		% Change

Revenue (in millions):
U.S. Domestic Package:
Next Day Air	$	2,456	$	1,984	$	472	23.8	%
Deferred	1,313		1,298		15		1.2	%
Ground	10,633		9,792		841		8.6	%
Total U.S. Domestic Package	14,402		13,074		1,328		10.2	%
International Package:
Domestic	936		719		217		30.2	%
Export	3,674		2,824		850		30.1	%
Cargo and Other	207		162		45		27.8	%
Total International Package	4,817		3,705		1,112		30.0	%
Supply Chain Solutions(1):
Forwarding	2,309		1,771		538		30.4	%
Logistics	1,162		977		185		18.9	%
Freight	297		724		(427)		(59.0)	%
Other	437		208		229		110.1	%
Total Supply Chain Solutions(1)	4,205		3,680		525		14.3	%
Consolidated	$	23,424	$	20,459	$	2,965	14.5	%

Consolidated volume (in millions)	1,551		1,564		(13)		(0.8)	%

Operating weekdays	64		64		—		0.0	%

Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air	2,071		1,865		206		11.0	%
Deferred	1,581		1,702		(121)		(7.1)	%
Ground	16,856		17,560		(704)		(4.0)	%
Total U.S. Domestic Package	20,508		21,127		(619)		(2.9)	%
International Package:
Domestic	1,967		1,764		203		11.5	%
Export	1,761		1,545		216		14.0	%
Total International Package	3,728		3,309		419		12.7	%
Consolidated	24,236		24,436		(200)		(0.8)	%

Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air	$	18.53	$	16.62	$	1.91	11.5	%
Deferred	12.98		11.92		1.06		8.9	%
Ground	9.86		8.71		1.15		13.2	%
Total U.S. Domestic Package	10.97		9.67		1.30		13.4	%
International Package:
Domestic	7.44		6.37		1.07		16.8	%
Export	32.60		28.56		4.04		14.1	%
Total International Package	19.32		16.73		2.59		15.5	%
Consolidated	$	12.26	$	10.63	$	1.63	15.3	%

(1) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Detail of Operating Expenses - Second Quarter

(unaudited)


	Three Months Ended
	June 30
	2021		2020		Change		% Change
(in millions)
Compensation and benefits	$	11,327	$	10,843	$	484	4.5	%
Repairs and maintenance	599		554		45		8.1	%
Depreciation and amortization	739		661		78		11.8	%
Purchased transportation	4,446		3,716		730		19.6	%
Fuel	915		499		416		83.4	%
Other occupancy	402		355		47		13.2	%
Other expenses	1,738		1,619		119		7.4	%
Total operating expenses	$	20,166	$	18,247	$	1,919	10.5	%

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Selected Financial Data - Year to Date

(unaudited)


	Six Months Ended
	June 30
	2021			2020			Change		% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package	$	28,412		$	24,530		$	3,882	15.8	%
International Package	9,424			7,088			2,336		33.0	%
Supply Chain Solutions(2)	8,496			6,876			1,620		23.6	%
Total revenue	46,332			38,494			7,838		20.4	%

Operating expenses:
U.S. Domestic Package	25,486			22,984			2,502		10.9	%
International Package	7,155			5,766			1,389		24.1	%
Supply Chain Solutions(2)	7,668			6,460			1,208		18.7	%
Total operating expenses	40,309			35,210			5,099		14.5	%

Operating profit:
U.S. Domestic Package	2,926			1,546			1,380		89.3	%
International Package	2,269			1,322			947		71.6	%
Supply Chain Solutions(2)	828			416			412		99.0	%
Total operating profit	6,023			3,284			2,739		83.4	%

Other income (expense):
Other pension income (expense)	3,905			654			3,251		497.1	%
Investment income and other	56			19			37		194.7	%
Interest expense	(344)			(350)			6		(1.7)	%
Total other income (expense)	3,617			323			3,294		N/M

Income before income taxes	9,640			3,607			6,033		167.3	%

Income tax expense (benefit)	2,172			874			1,298		148.5	%

Net income	$	7,468		$	2,733		$	4,735	173.3	%

Net income as a percentage of revenue	16.1		%	7.1		%

Per share amounts:
Basic earnings per share	$	8.54		$	3.16		$	5.38	170.3	%
Diluted earnings per share	$	8.51		$	3.14		$	5.37	171.0	%

Weighted-average shares outstanding:
Basic	874			865			9		1.0	%
Diluted	878			869			9		1.0	%

As Adjusted Income Data (1):
Operating profit:
U.S. Domestic Package	$	3,138		$	1,616		$	1,522	94.2	%
International Package	2,281			1,400			881		62.9	%
Supply Chain Solutions(2)	803			425			378		88.9	%
Total operating profit	6,222			3,441			2,781		80.8	%

Total other income (expense)	$	327		$	323		$	4	1.2	%
Income before income taxes	$	6,549		$	3,764		$	2,785	74.0	%
Net income	$	5,117		$	2,851		$	2,266	79.5	%

Basic earnings per share	$	5.85		$	3.30		$	2.55	77.3	%
Diluted earnings per share	$	5.83		$	3.28		$	2.55	77.7	%

(1) See Non-GAAP schedules for reconciliation of adjustments.

(2) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Selected Operating Data - Year to Date

(unaudited)


	Six Months Ended
	June 30
	2021		2020		Change		% Change

Revenue (in millions):
U.S. Domestic Package:
Next Day Air	$	4,787	$	4,039	$	748	18.5	%
Deferred	2,573		2,495		78		3.1	%
Ground	21,052		17,996		3,056		17.0	%
Total U.S. Domestic Package	28,412		24,530		3,882		15.8	%
International Package:
Domestic	1,864		1,407		457		32.5	%
Export	7,167		5,385		1,782		33.1	%
Cargo and Other	393		296		97		32.8	%
Total International Package	9,424		7,088		2,336		33.0	%
Supply Chain Solutions(1):
Forwarding	4,381		3,144		1,237		39.3	%
Logistics	2,266		1,822		444		24.4	%
Freight	1,064		1,490		(426)		(28.6)	%
Other	785		420		365		86.9	%
Total Supply Chain Solutions(1)	8,496		6,876		1,620		23.6	%
Consolidated	$	46,332	$	38,494	$	7,838	20.4	%

Consolidated volume (in millions)	3,072		2,916		156		5.4	%

Operating weekdays	127		128		(1)		(0.8)	%

Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air	2,041		1,874		167		8.9	%
Deferred	1,548		1,597		(49)		(3.1)	%
Ground	16,842		16,114		728		4.5	%
Total U.S. Domestic Package	20,431		19,585		846		4.3	%
International Package:
Domestic	1,988		1,716		272		15.9	%
Export	1,772		1,479		293		19.8	%
Total International Package	3,760		3,195		565		17.7	%
Consolidated	24,191		22,780		1,411		6.2	%

Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air	$	18.47	$	16.84	$	1.63	9.7	%
Deferred	13.09		12.21		0.88		7.2	%
Ground	9.84		8.72		1.12		12.8	%
Total U.S. Domestic Package	10.95		9.79		1.16		11.8	%
International Package:
Domestic	7.38		6.41		0.97		15.1	%
Export	31.85		28.45		3.40		12.0	%
Total International Package	18.91		16.61		2.30		13.8	%
Consolidated	$	12.19	$	10.74	$	1.45	13.5	%

(1) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Detail of Operating Expenses - Year to Date

(unaudited)


	Six Months Ended
	June 30
	2021		2020		Change		% Change
(in millions)
Compensation and benefits	$	22,810	$	20,929	$	1,881	9.0	%
Repairs and maintenance	1,218		1,117		101		9.0	%
Depreciation and amortization	1,461		1,309		152		11.6	%
Purchased transportation	8,689		6,647		2,042		30.7	%
Fuel	1,722		1,260		462		36.7	%
Other occupancy	868		738		130		17.6	%
Other expenses	3,541		3,210		331		10.3	%
Total operating expenses	$	40,309	$	35,210	$	5,099	14.5	%

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Consolidated Balance Sheets

June 30, 2021 (unaudited) and December 31, 2020


	June 30, 2021		December 31, 2020
(amounts in millions)

ASSETS
Current Assets:
Cash and cash equivalents	$	9,608	$	5,910
Marketable securities	346		406
Accounts receivables	10,260		10,888
Less: Allowance for credit losses	(123)		(138)
Accounts receivable, net	10,137		10,750
Assets held for sale	—		1,197
Other current assets	1,897		1,953
Total Current Assets	21,988		20,216
Property, Plant and Equipment, Net	32,631		32,254
Operating Lease Right-Of-Use Assets	3,568		3,073
Goodwill	3,357		3,367
Intangible Assets, Net	2,238		2,274
Investments and Restricted Cash	25		25
Deferred Income Tax Assets	187		527
Other Non-Current Assets	875		672
Total Assets	$	64,869	$	62,408

LIABILITIES AND SHAREOWNERS' EQUITY
Current Liabilities:
Current maturities of long-term debt, commercial paper and finance leases	$	1,564	$	2,623
Current maturities of operating leases	556		560
Accounts payable	6,563		6,455
Accrued wage and withholdings	3,737		3,569
Self-insurance reserves	1,110		1,085
Accrued group welfare and retirement plan contributions	884		927
Liabilities to be disposed of	—		347
Other current liabilities	1,356		1,450
Total Current Liabilities	15,770		17,016
Long-Term Debt and Finance Leases	21,027		22,031
Non-Current Operating Leases	3,038		2,540
Pension and Postretirement Benefit Obligations	7,675		15,817
Deferred Income Tax Liabilities	2,584		488
Other Non-Current Liabilities	3,953		3,847

Shareowners' Equity:
Class A common stock	2		2
Class B common stock	7		7
Additional paid-in capital	1,329		865
Retained earnings	12,531		6,896
Accumulated other comprehensive loss	(3,064)		(7,113)
Deferred compensation obligations	16		20
Less: Treasury stock	(16)		(20)
Total Equity for Controlling Interest	10,805		657
Noncontrolling interests	17		12
Total Shareowners' Equity	10,822		669
Total Liabilities and Sharewoners' Equity	$	64,869	$	62,408

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Statements of Consolidated Cash Flows

(unaudited)


(amounts in millions)		Six Months Ended
		June 30,
		2021		2020
Cash Flows From Operating Activities:
	Net income	$	7,468	$	2,733
	Adjustments to reconcile net income to net cash from operating activities:
	Depreciation and amortization	1,461		1,309
	Pension and postretirement benefit expense	(2,839)		321
	Pension and postretirement benefit contributions	(276)		(263)
	Self-insurance reserves	130		293
	Deferred tax (benefit) expense	1,127		284
	Stock compensation expense	521		368
	Other (gains) losses	—		97
	Changes in assets and liabilities, net of effects of business acquisitions:
	Accounts receivable	439		105
	Other assets	169		301
	Accounts payable	56		(617)
	Accrued wages and withholdings	227		771
	Other liabilities	(27)		239
	Other operating activities	(2)		6
	Net cash from operating activities	8,454		5,947

Cash Flows From Investing Activities:
	Capital expenditures	(1,670)		(2,065)
	Proceeds from disposal of businesses, property, plant and equipment	863		2
	Purchases of marketable securities	(141)		(131)
	Sales and maturities of marketable securities	214		241
	Net change in finance receivables	16		16
	Cash paid for business acquisitions, net of cash and cash equivalents acquired	(5)		—
	Other investing activities	(11)		(6)
	Net cash used in investing activities	(734)		(1,943)

Cash Flows From Financing Activities:
	Net change in short-term debt	498		(892)
	Proceeds from long-term borrowings	—		4,436
	Repayments of long-term borrowings	(2,599)		(1,826)
	Purchases of common stock	—		(231)
	Issuances of common stock	141		131
	Dividends	(1,718)		(1,683)
	Other financing activities	(360)		(334)
	Net cash used in financing activities	(4,038)		(399)

Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash		16		(29)

Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash		3,698		3,576

Cash, Cash Equivalents and Restricted Cash:
	Beginning of period	5,910		5,238
	End of period	$	9,608	$	8,814

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Reconciliation of Free Cash Flow (Non-GAAP measure)

(unaudited)





(amounts in millions)	Six Months Ended
	June 30,
	2021		2020
Cash flows from operating activities	$	8,454	$	5,947
Capital expenditures	(1,670)		(2,065)
Proceeds from disposals of PP&E	15		2
Net change in finance receivables	16		16
Other investing activities	(11)		(6)
Free Cash Flow (Non-GAAP measure)	$	6,804	$	3,894

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Adjusted Total Debt / Adjusted EBITDA (Non-GAAP measure)

(unaudited)



(amounts in millions)
	Q3 2020		Q4 2020		Q1 2021		Q2 2021		TTM(1)

Net Income (loss)	$	1,957	$	(3,347)	$	4,792	$	2,676	$	6,078
Add back:
Income tax expense (benefit)	568		(941)		1,412		760		1,799
Interest expense	176		175		177		167		695
Depreciation and amortization	677		712		722		739		2,850
EBITDA	3,378		(3,401)		7,103		4,342		11,422
Add back:
Transformation and other	44		833		184		15		1,076
Defined benefit plans mark-to-market losses	—		6,484		—		—		6,484
Deduct:
Defined benefit plans mark-to-market gain	—		—		(3,290)		—		(3,290)
Investment income and other	(338)		(334)		(326)		(345)		(1,343)
Adjusted EBITDA	$	3,084	$	3,582	$	3,671	$	4,012	$	14,349

Debt and finance leases, including current maturities							$	22,591	$	22,591
Add back:
Non-current pension and postretirement benefit obligations							7,675		7,675
Adjusted total debt							$	30,266	$	30,266

Adjusted total adjusted debt/adjusted EBITDA									2.11

(1) Trailing twelve months (TTM) ended June 30th

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Reconciliation of GAAP and As Adjusted Income Statement Data

(unaudited):


	Three Months Ended June 30,
(in millions, except per share amounts)	2021						2020
	As-Reported (GAAP)		Transformation & Other Adj.(1)		As-Adjusted (Non-GAAP)		As-Reported (GAAP)		Transformation & Other Adj.(2)		As-Adjusted (Non-GAAP)


U.S. Domestic Package	$	1,567	$	108	1,675		$	1,182	$	33	$	1,215
International Package	1,184		6		1,190		771		71		842
Supply Chain Solutions(3)	507		(99)		408		259		8		267
Operating profit	3,258		15		3,273		2,212		112		2,324
Other Income and (Expense):
Other pension income (expense)	302		—		302		327		—		327
Investment income and other	43		—		43		1		—		1
Interest expense	(167)		—		(167)		(183)		—		(183)
Total Other Income (Expense)	$	178	$	—	$	178	$	145	$	—	$	145
Income Before Income Taxes	3,436		15		3,451		2,357		112		2,469
Income Tax Expense	760		4		764		589		29		618
Net Income	$	2,676	$	11	$	2,687	$	1,768	$	83	$	1,851

Basic Earnings Per Share	$	3.06	$	0.01	$	3.07	$	2.04	$	0.10	$	2.14

Diluted Earnings Per Share	$	3.05	$	0.01	$	3.06	$	2.03	$	0.10	$	2.13

Weighted-average shares outstanding:
Basic	875						866
Diluted	878						869

(1) Transformation & Other of $15 million reflects a gain on the divestiture of UPS Freight of $101 million, other employee benefits costs of $55 million and other costs of $61 million.

(2) Transformation & Other of $112 million reflects other employee benefits costs of $81 million and other costs of $31 million.

(3) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Reconciliation of GAAP and As Adjusted Income Statement Data

(unaudited):


	Six Months Ended June 30,
(in millions, except per share amounts)	2021								2020
	As-Reported (GAAP)		Pension MTM Adj(1).		Transformation & Other Adj.(2)		As-Adjusted (Non-GAAP)		As-Reported (GAAP)		Transformation & Other Adj.(3)		As-Adjusted (Non-GAAP)


U.S. Domestic Package	$	2,926	$	—	212		$	3,138	$	1,546	$	70	$	1,616
International Package	2,269		—		12		2,281		1,322		78		1,400
Supply Chain Solutions(4)	828		—		(25)		803		416		9		425
Operating profit	6,023		—		199		6,222		3,284		157		3,441
Other Income and (Expense):
Other pension income (expense)	3,905		(3,290)		—		615		654		—		654
Investment income and other	56		—		—		56		19		—		19
Interest expense	(344)		—		—		(344)		(350)		—		(350)
Total Other Income (Expense)	$	3,617	$	(3,290)	$	—	$	327	$	323	$	—	$	323
Income Before Income Taxes	9,640		(3,290)		199		6,549		3,607		157		3,764
Income Tax Expense	2,172		(788)		48		1,432		874		39		913
Net Income	$	7,468	$	(2,502)	$	151	$	5,117	$	2,733	$	118	$	2,851

Basic Earnings Per Share	$	8.54	$	(2.86)	$	0.17	$	5.85	$	3.16	$	0.14	$	3.30

Diluted Earnings Per Share	$	8.51	$	(2.85)	$	0.17	$	5.83	$	3.14	$	0.14	$	3.28

Weighted-average shares outstanding:
Basic	874								865
Diluted	878								869

(1) Represents a mark-to-market gain recognized outside of a 10% corridor to the UPS IBT Pension Plan

(2) Transformation & Other of $199 million reflects a gain on the divestiture of UPS Freight of $101 million net of previously-recognized valuation allowance of $66 million, other employee benefits costs of $131 million and other costs of $103 million.

(3) Transformation & Other of $157 million reflects other employee benefits costs of $93 million and other costs of $64 million.

(4) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Supplemental Analysis of Currency - Second Quarter

(unaudited)


Currency Neutral Revenue Per Piece, Revenue and As Adjusted Operating Profit

	Three Months Ended								Currency
	June 30								Neutral
	2021		2020		% Change		Currency		2021 (1)		% Change
Average Revenue Per Piece:
International Package:
Domestic	$	7.44	$	6.37	16.8	%	$	(0.66)	$	6.78	6.4	%
Export	32.60		28.56		14.1	%	(1.15)		31.45		10.1	%
Total International Package	$	19.32	$	16.73	15.5	%	$	(0.89)	$	18.43	10.2	%


Consolidated	$	12.26	$	10.63	15.3	%	$	(0.14)	$	12.12	14.0	%

	Three Months Ended								Currency
	June 30								Neutral
	2021		2020		% Change		Currency		2021(1)		% Change
Revenue (in millions):
U.S. Domestic Package	$	14,402	$	13,074	10.2	%	$	—	$	14,402	10.2	%
International Package	4,817		3,705		30.0	%	(218)		4,599		24.1	%
Supply Chain Solutions(3)	4,205		3,680		14.3	%	(64)		4,141		12.5	%
Total revenue	$	23,424	$	20,459	14.5	%	$	(282)	$	23,142	13.1	%

	Three Months Ended								Currency
	June 30								Neutral
	2021		2020		% Change		Currency		2021(1)		% Change
As-Adjusted Operating Profit (in millions)(2):
U.S. Domestic Package	$	1,675	$	1,215	37.9	%	$	—	$	1,675	37.9	%
International Package	1,190		842		41.3	%	(42)		1,148		36.3	%
Supply Chain Solutions(3)	408		267		52.8	%	6		414		55.1	%
Total operating profit	$	3,273	$	2,324	40.8	%	$	(36)	$	3,237	39.3	%

(1) Amounts adjusted for period over period foreign currency exchange rate and hedging differences

(2) Amounts adjusted for transformation & other

(3) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Supplemental Analysis of Currency - Year to Date

(unaudited)


Currency Neutral Revenue Per Piece, Revenue and As Adjusted Operating Profit

	Six Months Ended								Currency
	June 30								Neutral
	2021		2020		% Change		Currency		2021 (1)		% Change
Average Revenue Per Piece:
International Package:
Domestic	$	7.38	$	6.41	15.1	%	$	(0.56)	$	6.82	6.4	%
Export	31.85		28.45		12.0	%	(1.10)		30.75		8.1	%
Total International Package	$	18.91	$	16.61	13.8	%	$	(0.81)	$	18.10	9.0	%


Consolidated	$	12.19	$	10.74	13.5	%	$	(0.13)	$	12.06	12.3	%

	Six Months Ended								Currency
	June 30								Neutral
	2021		2020		% Change		Currency		2021(1)		% Change
Revenue (in millions):
U.S. Domestic Package	$	28,412	$	24,530	15.8	%	$	—	$	28,412	15.8	%
International Package	9,424		7,088		33.0	%	(394)		9,030		27.4	%
Supply Chain Solutions(3)	8,496		6,876		23.6	%	(109)		8,387		22.0	%
Total revenue	$	46,332	$	38,494	20.4	%	$	(503)	$	45,829	19.1	%

	Six Months Ended								Currency
	June 30								Neutral
	2021		2020		% Change		Currency		2021(1)		% Change
As-Adjusted Operating Profit (in millions)(2):
U.S. Domestic Package	$	3,138	$	1,616	94.2	%	$	—	$	3,138	94.2	%
International Package	2,281		1,400		62.9	%	(81)		2,200		57.1	%
Supply Chain Solutions(3)	803		425		88.9	%	8		811		90.8	%
Total operating profit	$	6,222	$	3,441	80.8	%	$	(73)	$	6,149	78.7	%

(1) Amounts adjusted for period over period foreign currency exchange rate and hedging differences

(2) Amounts adjusted for transformation & other

(3) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Aircraft Fleet - as of June 30, 2021

(unaudited)


Description	Owned and Finance Leases	Operating Leases & Charters from Others	On Order	Under Option
Operating:
Boeing 757-200	75	—	—	—
Boeing 767-300	70	—	2	—
Boeing 767-300BCF	4	—	—	—
Boeing 767-300BDSF	4	—	—	—
Airbus A300-600	52	—	—	—
Boeing MD-11	42	—	—	—
Boeing 747-400F	11	—	—	—
Boeing 747-400BCF	2	—	—	—
Boeing 747-8F	22	—	6	—
Other	—	294	—	—
Total	282	294	8	—

Certain prior year amounts have been reclassified to conform to the current year presentation.