Document

Exhibit 99.2

United Parcel Service, Inc.

Selected Financial Data - Third Quarter

(unaudited)


	Three Months Ended
	September 30
	2021			2020			Change		% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package	$	14,208		$	13,225		$	983	7.4	%
International Package	4,720			4,087			633		15.5	%
Supply Chain Solutions(2)	4,256			3,926			330		8.4	%
Total revenue	23,184			21,238			1,946		9.2	%

Operating expenses:
U.S. Domestic Package	12,801			12,127			674		5.6	%
International Package	3,669			3,121			548		17.6	%
Supply Chain Solutions(2)	3,818			3,627			191		5.3	%
Total operating expenses	20,288			18,875			1,413		7.5	%

Operating profit:
U.S. Domestic Package	1,407			1,098			309		28.1	%
International Package	1,051			966			85		8.8	%
Supply Chain Solutions(2)	438			299			139		46.5	%
Total operating profit	2,896			2,363			533		22.6	%

Other income (expense):
Other pension income (expense)	285			327			(42)		(12.8)	%
Investment income (expense) and other	(11)			11			(22)		(200.0)	%
Interest expense	(177)			(176)			(1)		0.6	%
Total other income (expense)	97			162			(65)		(40.1)	%

Income before income taxes	2,993			2,525			468		18.5	%

Income tax expense (benefit)	664			568			96		16.9	%

Net income	$	2,329		$	1,957		$	372	19.0	%

Net income as a percentage of revenue	10.0		%	9.2		%

Per share amounts:
Basic earnings per share	$	2.66		$	2.25		$	0.41	18.2	%
Diluted earnings per share	$	2.65		$	2.24		$	0.41	18.3	%

Weighted-average shares outstanding:
Basic	875			868			7		0.8	%
Diluted	879			872			7		0.8	%

As Adjusted Income Data (1):
Operating profit:
U.S. Domestic Package	$	1,414		$	1,133		$	281	24.8	%
International Package	1,108			972			136		14.0	%
Supply Chain Solutions(2)	448			302			146		48.3	%
Total operating profit	2,970			2,407			563		23.4	%

Total other income (expense)	$	97		$	162		$	(65)	(40.1)	%
Income before income taxes	$	3,067		$	2,569		$	498	19.4	%
Net income	$	2,383		$	1,990		$	393	19.7	%

Basic earnings per share	$	2.72		$	2.29		$	0.43	18.8	%
Diluted earnings per share	$	2.71		$	2.28		$	0.43	18.9	%

(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 - Third Quarter

(unaudited)


	Three Months Ended
	September 30
	2021		2020		Change		% Change

Revenue (in millions):
U.S. Domestic Package:
Next Day Air	$	2,415	$	2,098	$	317	15.1	%
Deferred	1,304		1,378		(74)		(5.4)	%
Ground	10,489		9,749		740		7.6	%
Total U.S. Domestic Package	14,208		13,225		983		7.4	%
International Package:
Domestic	852		776		76		9.8	%
Export	3,641		3,153		488		15.5	%
Cargo and Other	227		158		69		43.7	%
Total International Package	4,720		4,087		633		15.5	%
Supply Chain Solutions(1):
Forwarding	2,625		1,753		872		49.7	%
Logistics	1,158		1,040		118		11.3	%
Freight	—		870		(870)		(100.0)	%
Other	473		263		210		79.8	%
Total Supply Chain Solutions(1)	4,256		3,926		330		8.4	%
Consolidated	$	23,184	$	21,238	$	1,946	9.2	%

Consolidated volume (in millions)	1,497		1,550		(53)		(3.4)	%

Operating weekdays	64		65		(1)		(1.5)	%

Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air	1,949		1,915		34		1.8	%
Deferred	1,501		1,657		(156)		(9.4)	%
Ground	16,385		16,803		(418)		(2.5)	%
Total U.S. Domestic Package	19,835		20,375		(540)		(2.7)	%
International Package:
Domestic	1,851		1,806		45		2.5	%
Export	1,695		1,674		21		1.3	%
Total International Package	3,546		3,480		66		1.9	%
Consolidated	23,381		23,855		(474)		(2.0)	%

Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air	$	19.36	$	16.85	$	2.51	14.9	%
Deferred	13.57		12.79		0.78		6.1	%
Ground	10.00		8.93		1.07		12.0	%
Total U.S. Domestic Package	11.19		9.99		1.20		12.0	%
International Package:
Domestic	7.19		6.61		0.58		8.8	%
Export	33.56		28.98		4.58		15.8	%
Total International Package	19.80		17.37		2.43		14.0	%
Consolidated	$	12.50	$	11.06	$	1.44	13.0	%

(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 - Third Quarter

(unaudited)


	Three Months Ended
	September 30
	2021		2020		Change		% Change
(in millions)
Compensation and benefits	$	11,148	$	11,077	$	71	0.6	%
Repairs and maintenance	619		576		43		7.5	%
Depreciation and amortization	738		677		61		9.0	%
Purchased transportation	4,638		3,937		701		17.8	%
Fuel	950		618		332		53.7	%
Other occupancy	384		376		8		2.1	%
Other expenses	1,811		1,614		197		12.2	%
Total operating expenses	$	20,288	$	18,875	$	1,413	7.5	%

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)


	Nine Months Ended
	September 30
	2021			2020			Change		% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package	$	42,620		$	37,755		$	4,865	12.9	%
International Package	14,144			11,175			2,969		26.6	%
Supply Chain Solutions(2)	12,752			10,802			1,950		18.1	%
Total revenue	69,516			59,732			9,784		16.4	%

Operating expenses:
U.S. Domestic Package	38,287			35,111			3,176		9.0	%
International Package	10,824			8,887			1,937		21.8	%
Supply Chain Solutions(2)	11,486			10,087			1,399		13.9	%
Total operating expenses	60,597			54,085			6,512		12.0	%

Operating profit (loss):
U.S. Domestic Package	4,333			2,644			1,689		63.9	%
International Package	3,320			2,288			1,032		45.1	%
Supply Chain Solutions(2)	1,266			715			551		77.1	%
Total operating profit	8,919			5,647			3,272		57.9	%

Other income (expense):
Other pension income (expense)	4,190			981			3,209		327.1	%
Investment income (expense) and other	45			30			15		50.0	%
Interest expense	(521)			(526)			5		(1.0)	%
Total other income (expense)	3,714			485			3,229		N/M

Income before income taxes	12,633			6,132			6,501		106.0	%

Income tax expense (benefit)	2,836			1,442			1,394		96.7	%

Net income	$	9,797		$	4,690		$	5,107	108.9	%

Net income as a percentage of revenue	14.1		%	7.9		%

Per share amounts:
Basic earnings per share	$	11.21		$	5.42		$	5.79	106.8	%
Diluted earnings per share	$	11.16		$	5.39		$	5.77	107.1	%

Weighted-average shares outstanding:
Basic	874			866			8		0.9	%
Diluted	878			870			8		0.9	%

As Adjusted Income Data (1):
Operating profit:
U.S. Domestic Package	$	4,552		$	2,749		$	1,803	65.6	%
International Package	3,389			2,372			1,017		42.9	%
Supply Chain Solutions(2)	1,251			727			524		72.1	%
Total operating profit	9,192			5,848			3,344		57.2	%

Total other income (expense)	$	424		$	485		$	(61)	(12.6)	%
Income before income taxes	$	9,616		$	6,333		$	3,283	51.8	%
Net income	$	7,500		$	4,841		$	2,659	54.9	%

Basic earnings per share	$	8.58		$	5.59		$	2.99	53.5	%
Diluted earnings per share	$	8.54		$	5.56		$	2.98	53.6	%

(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)


	Nine Months Ended
	September 30
	2021		2020		Change		% Change

Revenue (in millions):
U.S. Domestic Package:
Next Day Air	$	7,202	$	6,137	$	1,065	17.4	%
Deferred	3,877		3,873		4		0.1	%
Ground	31,541		27,745		3,796		13.7	%
Total U.S. Domestic Package	42,620		37,755		4,865		12.9	%
International Package:
Domestic	2,716		2,183		533		24.4	%
Export	10,808		8,538		2,270		26.6	%
Cargo and Other	620		454		166		36.6	%
Total International Package	14,144		11,175		2,969		26.6	%
Supply Chain Solutions(1):
Forwarding	7,006		4,897		2,109		43.1	%
Logistics	3,424		2,862		562		19.6	%
Freight	1,064		2,360		(1,296)		(54.9)	%
Other	1,258		683		575		84.2	%
Total Supply Chain Solutions(1)	12,752		10,802		1,950		18.1	%
Consolidated	$	69,516	$	59,732	$	9,784	16.4	%

Consolidated volume (in millions)	4,569		4,466		103		2.3	%

Operating weekdays	191		193		(2)		(1.0)	%

Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air	2,010		1,888		122		6.5	%
Deferred	1,532		1,617		(85)		(5.3)	%
Ground	16,689		16,346		343		2.1	%
Total U.S. Domestic Package	20,231		19,851		380		1.9	%
International Package:
Domestic	1,943		1,746		197		11.3	%
Export	1,746		1,545		201		13.0	%
Total International Package	3,689		3,291		398		12.1	%
Consolidated	23,920		23,142		778		3.4	%

Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air	$	18.76	$	16.84	$	1.92	11.4	%
Deferred	13.25		12.41		0.84		6.8	%
Ground	9.89		8.79		1.10		12.5	%
Total U.S. Domestic Package	11.03		9.85		1.18		12.0	%
International Package:
Domestic	7.32		6.48		0.84		13.0	%
Export	32.41		28.63		3.78		13.2	%
Total International Package	19.19		16.88		2.31		13.7	%
Consolidated	$	12.29	$	10.85	$	1.44	13.3	%

(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 - Year to Date

(unaudited)


	Nine Months Ended
	September 30
	2021		2020		Change		% Change
(in millions)
Compensation and benefits	$	33,958	$	32,006	$	1,952	6.1	%
Repairs and maintenance	1,837		1,693		144		8.5	%
Depreciation and amortization	2,199		1,986		213		10.7	%
Purchased transportation	13,327		10,584		2,743		25.9	%
Fuel	2,672		1,878		794		42.3	%
Other occupancy	1,252		1,114		138		12.4	%
Other expenses	5,352		4,824		528		10.9	%
Total operating expenses	$	60,597	$	54,085	$	6,512	12.0	%

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

United Parcel Service, Inc.

Consolidated Balance Sheets

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


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

ASSETS
Current Assets:
Cash and cash equivalents	$	10,212	$	5,910
Marketable securities	348		406
Accounts receivables	10,602		10,888
Less: Allowance for credit losses	(128)		(138)
Accounts receivable, net	10,474		10,750
Assets held for sale	—		1,197
Other current assets	1,809		1,953
Total Current Assets	22,843		20,216
Property, Plant and Equipment, Net	32,859		32,254
Operating Lease Right-Of-Use Assets	3,460		3,073
Goodwill	3,332		3,367
Intangible Assets, Net	2,224		2,274
Investments and Restricted Cash	24		25
Deferred Income Tax Assets	181		527
Other Non-Current Assets	816		672
Total Assets	$	65,739	$	62,408

LIABILITIES AND SHAREOWNERS' EQUITY
Current Liabilities:
Current maturities of long-term debt, commercial paper and finance leases	$	1,268	$	2,623
Current maturities of operating leases	552		560
Accounts payable	6,445		6,455
Accrued wage and withholdings	3,805		3,569
Self-insurance reserves	1,093		1,085
Accrued group welfare and retirement plan contributions	957		927
Liabilities to be disposed of	—		347
Other current liabilities	1,352		1,450
Total Current Liabilities	15,472		17,016
Long-Term Debt and Finance Leases	20,838		22,031
Non-Current Operating Leases	2,938		2,540
Pension and Postretirement Benefit Obligations	7,672		15,817
Deferred Income Tax Liabilities	2,775		488
Other Non-Current Liabilities	3,987		3,847

Shareowners' Equity:
Class A common stock	2		2
Class B common stock	7		7
Additional paid-in capital	1,088		865
Retained earnings	13,973		6,896
Accumulated other comprehensive loss	(3,029)		(7,113)
Deferred compensation obligations	16		20
Less: Treasury stock	(16)		(20)
Total Equity for Controlling Interest	12,041		657
Noncontrolling interests	16		12
Total Shareowners' Equity	12,057		669
Total Liabilities and Sharewoners' Equity	$	65,739	$	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)		Nine Months Ended
		September 30,
		2021		2020
Cash Flows From Operating Activities:
	Net income	$	9,797	$	4,690
	Adjustments to reconcile net income to net cash from operating activities:
	Depreciation and amortization	2,199		1,986
	Pension and postretirement benefit expense	(2,656)		481
	Pension and postretirement benefit contributions	(331)		(1,307)
	Self-insurance reserves	122		388
	Deferred tax (benefit) expense	1,271		566
	Stock compensation expense	700		508
	Other (gains) losses	33		164
	Changes in assets and liabilities, net of effects of business acquisitions:
	Accounts receivable	(21)		352
	Other assets	256		391
	Accounts payable	20		(450)
	Accrued wages and withholdings	306		1,330
	Other liabilities	65		120
	Other operating activities	—		64
	Net cash from operating activities	11,761		9,283

Cash Flows From Investing Activities:
	Capital expenditures	(2,570)		(3,219)
	Proceeds from disposal of businesses, property, plant and equipment	870		10
	Purchases of marketable securities	(197)		(202)
	Sales and maturities of marketable securities	257		309
	Net change in finance receivables	28		24
	Cash paid for business acquisitions, net of cash and cash equivalents acquired	(12)		(13)
	Other investing activities	24		(15)
	Net cash used in investing activities	(1,600)		(3,106)

Cash Flows From Financing Activities:
	Net change in short-term debt	—		(1,924)
	Proceeds from long-term borrowings	—		5,003
	Repayments of long-term borrowings	(2,613)		(2,746)
	Purchases of common stock	(500)		(224)
	Issuances of common stock	196		214
	Dividends	(2,578)		(2,528)
	Other financing activities	(361)		(351)
	Net cash used in financing activities	(5,856)		(2,556)

Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash		(3)		(19)

Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash		4,302		3,602

Cash, Cash Equivalents and Restricted Cash:
	Beginning of period	5,910		5,238
	End of period	$	10,212	$	8,840

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)	Nine Months Ended
	September 30,
	2021		2020
Cash flows from operating activities	$	11,761	$	9,283
Capital expenditures	(2,570)		(3,219)
Proceeds from disposals of PP&E	22		10
Net change in finance receivables	28		24
Other investing activities	24		(15)
Free Cash Flow (Non-GAAP measure)	$	9,265	$	6,083

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 September 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	$	1,407	$	7	1,414		$	1,098	$	35	$	1,133
International Package	1,051		57		1,108		966		6		972
Supply Chain Solutions(3)	438		10		448		299		3		302
Operating profit	2,896		74		2,970		2,363		44		2,407
Other Income and (Expense):
Other pension income (expense)	285		—		285		327		—		327
Investment income (expense) and other	(11)		—		(11)		11		—		11
Interest expense	(177)		—		(177)		(176)		—		(176)
Total Other Income (Expense)	$	97	$	—	$	97	$	162	$	—	$	162
Income Before Income Taxes	2,993		74		3,067		2,525		44		2,569
Income Tax Expense	664		20		684		568		11		579
Net Income	$	2,329	$	54	$	2,383	$	1,957	$	33	$	1,990

Basic Earnings Per Share	$	2.66	$	0.06	$	2.72	$	2.25	$	0.04	$	2.29

Diluted Earnings Per Share	$	2.65	$	0.06	$	2.71	$	2.24	$	0.04	$	2.28

Weighted-average shares outstanding:
Basic	875						868
Diluted	879						872

(1) Transformation & Other of $74 million reflects other employee benefits costs of $33 million and other costs of $41 million.

(2) Transformation & Other of $44 million reflects other employee benefits costs of $18 million and other costs of $26 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)


	Nine Months Ended September 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	$	4,333	$	—	219		$	4,552	$	2,644	$	105	$	2,749
International Package	3,320		—		69		3,389		2,288		84		2,372
Supply Chain Solutions(4)	1,266		—		(15)		1,251		715		12		727
Operating profit	8,919		—		273		9,192		5,647		201		5,848
Other Income and (Expense):
Other pension income (expense)	4,190		(3,290)		—		900		981		—		981
Investment income (expense) and other	45		—		—		45		30		—		30
Interest expense	(521)		—		—		(521)		(526)		—		(526)
Total Other Income (Expense)	$	3,714	$	(3,290)	$	—	$	424	$	485	$	—	$	485
Income Before Income Taxes	12,633		(3,290)		273		9,616		6,132		201		6,333
Income Tax Expense	2,836		(788)		68		2,116		1,442		50		1492
Net Income	$	9,797	$	(2,502)	$	205	$	7,500	$	4,690	$	151	$	4,841

Basic Earnings Per Share	$	11.21	$	(2.86)	$	0.23	$	8.58	$	5.42	$	0.17	$	5.59

Diluted Earnings Per Share	$	11.16	$	(2.85)	$	0.23	$	8.54	$	5.39	$	0.17	$	5.56

Weighted-average shares outstanding:
Basic	874								866
Diluted	878								870

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

(2) Transformation & Other of $273 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 $164 million and other costs of $144 million.

(3) Transformation & Other of $201 million reflects other employee benefits costs of $111 million and other costs of $90 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 - Third Quarter

(unaudited)


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

	Three Months Ended								Currency
	September 30								Neutral
	2021		2020		% Change		Currency		2021 (1)		% Change
Average Revenue Per Piece:
International Package:
Domestic	$	7.19	$	6.61	8.8	%	$	(0.16)	$	7.03	6.4	%
Export	33.56		28.98		15.8	%	(0.36)		33.20		14.6	%
Total International Package	$	19.80	$	17.37	14.0	%	$	(0.26)	$	19.54	12.5	%


Consolidated	$	12.50	$	11.06	13.0	%	$	(0.04)	$	12.46	12.7	%

	Three Months Ended								Currency
	September 30								Neutral
	2021		2020		% Change		Currency		2021(1)		% Change
Revenue (in millions):
U.S. Domestic Package	$	14,208	$	13,225	7.4	%	$	—	$	14,208	7.4	%
International Package	4,720		4,087		15.5	%	(58)		4,662		14.1	%
Supply Chain Solutions(3)	4,256		3,926		8.4	%	(12)		4,244		8.1	%
Total revenue	$	23,184	$	21,238	9.2	%	$	(70)	$	23,114	8.8	%

	Three Months Ended								Currency
	September 30								Neutral
	2021		2020		% Change		Currency		2021(1)		% Change
As-Adjusted Operating Profit (in millions)(2):
U.S. Domestic Package	$	1,414	$	1,133	24.8	%	$	—	$	1,414	24.8	%
International Package	1,108		972		14.0	%	(20)		1,088		11.9	%
Supply Chain Solutions(3)	448		302		48.3	%	17		465		54.0	%
Total operating profit	$	2,970	$	2,407	23.4	%	$	(3)	$	2,967	23.3	%

(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

	Nine Months Ended								Currency
	September 30								Neutral
	2021		2020		% Change		Currency		2021 (1)		% Change
Average Revenue Per Piece:
International Package:
Domestic	$	7.32	$	6.48	13.0	%	$	(0.43)	$	6.89	6.3	%
Export	32.41		28.63		13.2	%	(0.86)		31.55		10.2	%
Total International Package	$	19.19	$	16.88	13.7	%	$	(0.63)	$	18.56	10.0	%


Consolidated	$	12.29	$	10.85	13.3	%	$	(0.10)	$	12.19	12.4	%

	Nine Months Ended								Currency
	September 30								Neutral
	2021		2020		% Change		Currency		2021(1)		% Change
Revenue (in millions):
U.S. Domestic Package	$	42,620	$	37,755	12.9	%	$	—	$	42,620	12.9	%
International Package	14,144		11,175		26.6	%	(452)		13,692		22.5	%
Supply Chain Solutions(3)	12,752		10,802		18.1	%	(121)		12,631		16.9	%
Total revenue	$	69,516	$	59,732	16.4	%	$	(573)	$	68,943	15.4	%

	Nine Months Ended								Currency
	September 30								Neutral
	2021		2020		% Change		Currency		2021(1)		% Change
As-Adjusted Operating Profit (in millions)(2):
U.S. Domestic Package	$	4,552	$	2,749	65.6	%	$	—	$	4,552	65.6	%
International Package	3,389		2,372		42.9	%	(101)		3,288		38.6	%
Supply Chain Solutions(3)	1,251		727		72.1	%	25		1,276		75.5	%
Total operating profit	$	9,192	$	5,848	57.2	%	$	(76)	$	9,116	55.9	%

(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 September 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	24	—	4	—
Other	—	298	—	—
Total	284	298	6	—

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